Rent and Method of Payment Sample Clauses

Rent and Method of Payment. 4.1 - The rent for each year of the duration of this contract is fixed and agreed on by the Parties at an amount equal to 75% (seventy-five per cent) of the "Gross Operating Profit (hereinafter G.O.P.) made by the Lessee through the management of the business divisions leased from R.V.H. S.r.l. over the course of the year, with the contract signed at the same time as this agreement (hereinafter, the "Variable Rent"). For the purposes of defining the Variable Rent, the parties mutually acknowledge that the Gross Operating Profit is understood as the difference between typical revenues – net of returns, taxes, allowances, premiums and discounts of any nature – and typical fixed and variable (or management) costs, therefore expressly excluding direct taxes, profits and financial burdens as well as amortization of tangible and intangible assets and payment due to the administrative body and the Board of Auditors, where relevant. Furthermore, the parties expressly agree that the definition of G.O.P. excludes the costs incurred by the Lessee in carrying out extraordinary restructuring works on the properties listed in detail sub article 5). In addition, the calculation of G.O.P. shall also exclude any surplus in relation to the management costs or the services provided by JSH S.r.l. or affiliated or subsidiary companies in relation to the contents of the budget, which will be approved by the Lessor. The Variable Rent determined in this way must be adjusted for the amount that the Lessee shall pay to the company RVH SRL for annual rent of the business divisions.
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Rent and Method of Payment a) The agreed rent to be paid by the LESSEE is set at FORTY THOUSAND SIX HUNDRED AND EIGHT EUROS (€40,608.00) PER YEAR, which will be distributed over twelve payments of THREE THOUSAND THREE HUNDRED AND EIGHTY-FOUR EUROS (€3,384.00), paid monthly in advance within the first five days of each calendar month.
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Rent and Method of Payment. (1) Monthly rent standard: RMB two hundred and fifty-two thousand two hundred and twelve (in figures: RMB 252,212.00);
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Rent and Method of Payment. 4.1 Monthly payment of the leased Premises: Sixty-five thousand yuan (RMB65,000) for each month since March 25, 2018 to March 24, 2023.
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Rent and Method of Payment. 1. Party A shall pay rent to Party B. From the date when the lease relation is established between both parties to December 31, 2009, Party A shall pay to Party B an annual rent of RMB 1.8 million, including RMB 1.4 million for the lease of land use right and RMB 400,000 for lease of houses; from January 1, 2010 to December 31, 2014, Party A shall pay to Party B an annual rent of RMB 1.6 million, including RMB 1.3 million for lease of land use right and RMB 300,000 for lease of houses.
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Rent and Method of Payment. 4.1 The annual rental is RMB1.2 million for the first and second year(February 1, 2012—January 31, 2014) and the annual rental will increase by 10% on the basis of annual rental of second year in the third and fourth year(February 1, 2014— January 31, 2016), if Party B registers a company in the premise which generates tax, the annual rental will increase by 5%. The annual rental will increase by 10% on the basis of annual rental of the fourth year for the fifth and sixth year(February 1, 2016— January 31, 2018), if Party B registers a company in the premise which generates tax, the annual rental will increase by 5%.The standard of rent is tabled as below. Serial Number Lease Term Standard of rent when Party B registers a company in the premise Standard of rent when Party B doesn’t register a company in the premise 1 February 1, 2012— January 31, 2014 1.2 million 1.2 million 2 February 1, 2014— January 31, 2016 1.26 million 1.32 million 3 February 1, 2016— January 31, 2018 1.323 million 1.452 million
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Rent and Method of Payment. Pursuant to the Finance Lease Agreement, the Lessor agreed to lease back the Leased Assets to the Lessee. The rent comprises lease principal and lease interest. The lease principal shall be same as the transfer consideration, totaling RMB300,000,000. Lease interest is calculated according to the floating interest rate model, that is, adjustments shall be made on the same date of every 12 months from the commencement date of the lease, and new leasing rate shall be implemented based on the LPR of the same period most recently announced by the National Interbank Center as the corresponding interest rate and the increase or decrease points agreed by both parties. The total interest of the lease during the lease period amounts to approximately RMB46,067,777. The rent is paid quarterly in RMB. The rent shall be paid on the 15th of the last month of each period. Among them, the first year is exempt from repayment of principal, but only interest shall be repaid, and from the second year onwards, the principal and interest shall be repaid in equal amounts on a quarterly basis.
Sample 1
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Rent and Method of Payment. Pursuant to the Finance Lease Agreement, the Lessor agreed to lease back the Leased Assets to the Lessee. The rent is calculated and paid in RMB and comprised of Lease Principal and lease interest. In particular, the Lease Principal is of the same amount as the transfer consideration, being RMB150 million. The total amount of lease interest for the Lease Period is approximately RMB3,901,231.64. The Lease Principal and lease interest shall be paid by the Lessee to the Lessor in four installments during the Lease Period, which will be funded by the internal source of the Group. The terms of the Finance Lease Agreement, including the transfer consideration for the Leased Assets, Lease Principal, lease interest and other expenses under the Finance Lease Agreement were determined upon arm’s length negotiation between the Lessee and the Lessor with reference to the book value of the Leased Assets and the recent financing cost of the Group. In addition, Lessee shall pay a service fee of RMB1,850,000 to Lessor within three days upon entering into the Finance Lease Agreement. It is expected that in accordance with the requirement of International Financial Reporting Standards, the transactions contemplated under the Finance Lease Agreement as a whole shall be accounted for as financing arrangements and therefore would not give rise to any gain or loss. Ownership of the Leased Assets during and after the Lease Period Pursuant to the Finance Lease Agreement, the ownership of the Leased Asset shall be transferred to Lessor while Lessee shall be entitled to occupy and use the Leased Asset. Subject to the fulfillment of all the obligations under the Finance Lease Agreement by the Lessee, upon the expiry of the Lease Period, the Lessee shall have the right to require the Lessor to sell the ownership of the Leased Assets back to the Lessee at the consideration of RMB100 in nominal value. If Lessee defaults during the Leased Period, the consideration of the ownership of the Leased Assets in nominal value will be adjusted to RMB1,000. The Pledge Under the Finance Lease Agreement, the Lessee agreed to mortgage a real estate and pledge the right to the income generated from such real estate such as rent, management fees, etc to ensure the performance of the Finance Lease Agreement by the Group.
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Rent and Method of Payment 
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Related to Rent and Method of Payment

  • Time and Method of Payment (Amounts Distributed by the Administrative Agent). Except as otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2019-1 Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (Eastern time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (Eastern time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable Funding Agent for the benefit of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in like funds as received. Except as otherwise provided in Section 2.07 and Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (Eastern time) on the date due. Any funds received after that time on such date will be deemed to have been received on the next Business Day. The Master Issuer’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Master Issuer to the Administrative Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02, whether or not such funds are properly applied by the Administrative Agent or by the Trustee or Paying Agent. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the applicable Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent.

  • Purchase Price and Method of Payment Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

  • Currency and method of payments All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it:

  • Method of Payments Any amount due under this Guarantee shall be paid:

  • Method of Payment Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:

  • Terms of Payment 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity.

  • Method of Payment of Purchase Price No later than 12:00 p.m. Eastern time on the Closing Date, Purchaser shall deposit with Escrow Agent the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV

  • Purchase Price and Terms of Payment A. The purchase price (“Purchase Price”) for the Property shall be Seven Million and 00/100 Dollars ($7,000,000.00) and shall be paid on the Closing Date by Federal funds wire transfer, in United States dollars.

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