Rent Payment. Lessee shall make rent payments in accordance with this Section, without demand, on or before the fifth (5th) day of each month (“Rent”). The initial monthly rent amount shall be as set forth on Exhibit C, which may be updated from time to time. Rent does not include any taxes that may be assessed on the Equipment. The monthly Rent amount may be adjusted by Lessor quarterly to reflect the deletion or addition of Equipment (pursuant to Section 1.3) to Exhibit B by providing written notice to Lessee of the adjusted monthly Rent.
Appears in 5 contracts
Samples: Equipment Lease Agreement (Wolverine Partners Corp.), Equipment Lease Agreement (Wolverine Partners Corp.), Equipment Lease Agreement (Wolverine Partners Corp.)
