Common use of Rent and Other Payments Clause in Contracts

Rent and Other Payments. (a) The Lessee hereby agrees to pay the Lessor (i) on each Basic Rent Payment Date, in immediately available funds, as provided in paragraph (e) of this Section 7, Basic Rent for the quarterly period (or part thereof) ending on such Basic Rent Payment Date, with respect to each Parcel of Property or Unit of Equipment; PROVIDED, that, if the Effective Date is on or after the first Lease Rate Date with respect to such Parcel or Unit, Basic Rent for the applicable partial quarterly period shall be payable on the next succeeding Basic Rent Payment Date.

Appears in 1 contract

Samples: Lease Agreement (Travelcenters of America Inc)

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Rent and Other Payments. (a) The Lessee hereby agrees to pay the Lessor (i) on each Basic Rent Payment Date, in immediately available funds, as provided in paragraph (e) of this Section 7, Basic Rent for the quarterly semi-annual period (or part thereof) ending on in the month in which such Basic Rent Payment Date, with respect to each Parcel of Property or Unit of EquipmentDate falls; PROVIDED, provided that, if the Effective Date is on or after the first Lease Rate Date with respect to such Parcel or Unitin any first partial semi-annual period of the Lease Term, Basic Rent for the applicable such partial quarterly semi-annual period shall be payable on the next succeeding Basic Rent Payment Date.

Appears in 1 contract

Samples: Lease Agreement (PPL Electric Utilities Corp)

Rent and Other Payments. (a) The Lessee hereby agrees to pay the Lessor (i) on each Basic Rent Payment Date, in immediately available funds, as provided in paragraph (e) of this Section 7, Basic Rent for the quarterly period calendar month (or part thereof) ending on in which such Basic Rent Payment Date, with respect to each Parcel of Property or Unit of EquipmentDate falls; PROVIDED, provided that, if the Effective Date is on or after the first Lease Rate Date with respect to such Parcel or Unitin any first partial monthly period of the Initial Term, Basic Rent for the applicable such partial quarterly monthly period shall be payable on the next succeeding Basic Rent Payment Date.

Appears in 1 contract

Samples: Lease Agreement (Black Hills Corp /Sd/)

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Rent and Other Payments. (a) The Lessee hereby agrees to pay the Lessor (i) on each Basic Rent Payment Date, in immediately available funds, as provided in paragraph (e) of this Section 7, Basic Rent for the quarterly semi-annual period (or part thereof) ending on in the month in which such Basic Rent Payment Date, with respect to each Parcel of Property or Unit of EquipmentDate falls; PROVIDED, PROVIDED that, if the Effective Date is on or after the first Lease Rate Date with respect to such Parcel or Unitin any first partial semi-annual period of the Initial Term, Basic Rent for the applicable such partial quarterly semi-annual period shall be payable on the next succeeding Basic Rent Payment Date.

Appears in 1 contract

Samples: Lease Agreement (Consolidated Edison Inc)

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