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. 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.
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.
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 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.
Payments to Lessor i) to pay the Base Rent, Operating Expenses, other additional expenses as listed in 2.2, promptly;
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. 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.
