Common use of Rental Periods Clause in Contracts

Rental Periods. The first Rental Period will commence on the Delivery Date and each subsequent Rental Period will commence on the date succeeding the last day of the previous Rental Period. Each Rental Period will end on the date immediately preceding the next succeeding Rent Date except that if a Rental Period would otherwise overrun the Expiry Date, it will end on the Expiry Date.

Appears in 6 contracts

Samples: Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Vanguard Airlines Inc \De\), Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

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Rental Periods. The first Rental Period will commence on the Delivery Date and each subsequent Rental Period will commence on the date succeeding the last day of the previous Rental Period. Each Rental Period will end on the date immediately preceding the next succeeding Rent Date Date, except that if a Rental Period would otherwise overrun the Expiry Date, it will end on the Expiry Date.

Appears in 1 contract

Samples: Lease Agreement (Airfund International Limited Partnership)

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Rental Periods. The first Rental Period will shall commence on the Delivery Date and each subsequent Rental Period will shall commence on the date succeeding the last day of the previous Rental Period. Each Rental Period will shall end on the date immediately preceding the day in the next succeeding Rent Date except that if a month numerically corresponding to the first day of such Rental Period would otherwise overrun the Expiry Date, it will end on the Expiry Date.except that:

Appears in 1 contract

Samples: Lease Agreement (Western Pacific Airlines Inc /De/)

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