Payments to Lessor. Until notice to the contrary is given to the Lessee, all payments to be made to the Lessor hereunder shall be made by delivering the same at the address of the Lessor as set forth in Paragraph 19 hereof so that payment is received by the Lessor on or before the due date.
Payments to Lessor. Lessee covenants and agrees to pay to Lessor the following payments ("Lease Payments") for use of the Leased Premises:
Payments to Lessor. In addition to the bonus paid by Lessee for the execution hereof, Lessee covenants to pay Lessor, proportionate to Lessor's percentage of ownership, as follows:
Payments to Lessor. A. GCI shall pay rent to Lessor at the dry lease rate of (a) forty-five thousand dollars (US $45,000.00) per month on the Astra and (b) one hundred thirty-two thousand dollars (US $132,000.00) per month on the Challenger, plus sales/use tax if applicable, without demand, offset, deduction or counterclaim. Payments of each month’s rental shall be made on or before the first (1st) day of each month, in advance. The monthly rental payment for the first and last month shall be prorated on an actual day's basis, and any unused funds after a proper termination shall be refunded to Lessee in full except as otherwise provided herein.
B. In addition to the above payments, GCI previously provided Lessor with a one million five hundred thousand dollar ($1,500,000.00) damage deposit for the Aircraft’s usage hereunder (“Deposit”). Not later than six (6) months after the Agreement terminates, Lessor shall repay the Deposit to GCI.
Payments to Lessor. 2.1 Advance Minimum Royalties.
Payments to Lessor. A. GCI shall pay rent to Lessor at the rate of (a) US $50,000.00 per month on the Citation and (b) US $75,000.00 per month on the Astra, "dry" plus sales/use tax if applicable, without demand, offset, deduction or counterclaim. Payments of each month’s rental shall be made on or before the first (1st) day of each month, in advance. The monthly rental payment for the first and last month shall be prorated on an actual day's basis, and any unused funds after a proper termination shall be refunded to Lessee in full except as otherwise provided herein.
B. In addition to the monthly payment, GCI previously granted to Lessor an option to purchase two hundred fifty thousand (250,000) shares of General Communication, Inc., Class A Common Stock, no par value, at six and 50/100 dollars ($6.50) per share, in the form set forth as Exhibit A hereto. Lessor may sell to GCI the Stock arising from such option, so long as all proceeds from any such sale are used first to retire the Deposit (defined in Section 3C below). Alternatively, if Lessor desires not to exercise the option, Lessor may surrender the right to purchase all or a portion of the Stock subject to the option agreement to GCI, whereupon the “in the money” value (calculated by reference to the closing price of the GCI Class A common stock on the day immediately preceding the surrender) of the underlying option Stock surrendered shall be applied first toward repayment of the Deposit, with any remainder paid in cash to 560 Company. Any such sales of Stock, or such application of the “in the money” value of the Stock, to GCI shall be subject to all the covenants and limitations set forth in GCI and its affiliates’ debt and preferred stock instruments, both those currently outstanding and any and all subsequently executed. If GCI (or its affiliates) is unable to obtain a waiver of any covenant or restriction that would prohibit such a Stock repurchase, then GCI’s obligation to complete such a repurchase shall be waived unless and until such time as a repurchase is permissible.
C. In addition to the above payments, GCI previously provided Lessor with a one million five hundred thousand dollar ($1,500,000.00) deposit for the Aircraft’s usage hereunder (“Deposit”). Lessor may utilize the Deposit for its general working capital needs. Upon the earlier of (i) six (6) months after the Agreement terminates, or (ii) nine (9) months after the date of the termination notice, Lessor shall repay the Deposit to GCI, without in...
Payments to Lessor. Unless otherwise directed by the Lessor, all payments to be made to the Lessor hereunder shall be made to the Lessor by wire transfer of immediately available funds as soon as practicable but in any event prior to 2:00 p.m., New York City time, on the date of receipt, to such account at such bank or trust company as the Lessor shall from time to time designate in writing to the Indenture Trustee.
Payments to Lessor. All payments to be made hereunder by the Lessee to the Lessor shall be made by cheque/DD payable at Chennai.
Payments to Lessor. The Lessee shall compensate the Lessor equivalent to 50% of the net profits resulting from operating the leased assets. In the event that no net profit results from the operations, the Lessor shall not be compensated. The Lessee shall further compensate the Lessor in the amount of 50,000 shares of Common Stock of the Lessee upon the execution of this agreement.
Payments to Lessor. 2.1 Advance Minimum Royalties. Advance royalties as used herein means the amount required to be paid by Lessee to Lessor, as set forth below, to provide for a specific minimum payment in such periods. During the term of this Agreement, Lessee shall pay to Lessor advance minimum royalties ("Advance Royalties") as follows: Upon exercise of this Lease: (already paid) $6,250 On or before the first anniversary of the Effective Date $6,250 On or before the second anniversary of the Effective Date $6,250 On or before the third anniversary of the Effective Date $10,000 On or before the fourth anniversary of the Effective Date $10,000 On or before the fifth anniversary of the Effective Date $12,500 On or before the sixth anniversary of the Effective Date $15,000 On or before the seventh anniversary of the Effective Date $30,000 On or before the eighth anniversary of the Effective Date $30,000 On or before the ninth anniversary of the Effective Date $40,000 On or before the tenth anniversary of the Effective Date $40,000 On or before each subsequent anniversary of the Effective Date $50,000* *Beginning on the eleventh anniversary of the Agreement, the Advance Royalty of $50,000 shall be adjusted for inflation increases according to the United States Department of Labor Consumer Price Index. The beginning index shall be the index published for April 2015. However, in no case will the Advance Royalty drop below the Advance Royalty base amount of $50,000. Advance Royalties shall be paid on or before the date due. Advance Royalties paid hereunder shall be credited against and fully recoupable from any and all Production Royalty that may accrue under Section 2.2, regardless of whether such Production Royalty accrues or is made in the same or any subsequent year to the year of payment of the Advance Royalties.
