Payment of Basic Rent. From the date hereof to September 27, 1996 Lessee shall pay Basic Rent and Supplemental Rent in the aggregate for all five (5) Aircraft on the dates and in the amounts as are set forth in Table IV of Schedule C attached hereto. A pro-rata portion of each payment of Rent, based upon the amount of Basic Rent otherwise due and payable, shall be allocated to each Aircraft. On the Rent Payment Date next succeeding September 30, 1996, Basic Rent for the Aircraft shall be due and payable in monthly increments in advance for the remainder of the Term on the Rent Payment Dates as set forth in Clause 5.3 of the Lease Agreement.
Appears in 5 contracts
Samples: Aircraft Lease Agreement (Air South Airlines Inc), Aircraft Lease Agreement (Air South Airlines Inc), Aircraft Lease Agreement (Air South Airlines Inc)
