Common use of Supplemental Rent Clause in Contracts

Supplemental Rent. Lessee shall pay to Lessor, or to whosoever shall be entitled thereto, any and all Supplemental Rent when and as the same shall become due and owing. Lessee will also pay to Lessor, or to whosoever shall be entitled thereto as Supplemental Rent, to the extent permitted by applicable Law, interest at the Payment Due Rate on any part of any amount of Rent (including, without limitation, Supplemental Rent) not paid by 12:30 p.m., New York time, on the date when due (so long as, in the case of any person not a party to the Participation Agreement, Lessee had received timely notice of the account to which such payment was required to be made), for the period from and including the date on which the same was due to, but excluding, the date of payment in full.

Appears in 12 contracts

Samples: Lease Agreement (Atlas Air Worldwide Holdings Inc), Lease Agreement (Atlas Air Inc), Lease Agreement (Continental Airlines Inc /De/)

AutoNDA by SimpleDocs

Supplemental Rent. Lessee shall pay to Lessor, or to whosoever whomever shall be entitled thereto, any and all Supplemental Rent when and as the same shall become due and owing. Lessee will also pay to Lessor, or to whosoever whomever shall be entitled thereto as Supplemental Rent, to the extent permitted by applicable Law, interest at the Payment Due Rate on any part of any amount of Rent (including, without limitation, Supplemental Rent) not paid by 12:30 p.m., New York time, on the date when due (so long as, in the case of any person Person not a party to the Participation Agreement, Lessee had received timely notice of the account to which such payment was required to be made), for the period from and including the date on which the same was due to, but excluding, the date of payment in full.

Appears in 3 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)

Supplemental Rent. Lessee shall pay to Lessor, or to whosoever whomever shall be entitled thereto, any and all Supplemental Rent when and as the same shall become due and owing. Lessee will also pay to Lessor, or to whosoever whomever shall be entitled thereto as Supplemental Rent, to the extent permitted by applicable Lawlaw, interest at the Payment Due Rate on any part of any amount of Rent (including, without limitation, Supplemental Rent) not paid by 12:30 p.m., New York time, on the date when due (so long as, in the case of any person not a party to the Participation Agreement, Lessee had received timely notice of the account to which such payment was required to be made), for the period from and including the date on which the same was due to, but excluding, the date of payment in full.

Appears in 3 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)

Supplemental Rent. Lessee shall pay to Lessor, or to whosoever shall be whomever is entitled theretoto it, any and all Supplemental Rent when and as the same shall become it becomes due and owing. Lessee will also pay to Lessor, or to whosoever shall be whomever is entitled thereto to it, as Supplemental Rent, to the extent permitted by applicable Law, interest at the Payment Past-Due Rate on any part of any amount of Rent (including, without limitation, including Supplemental Rent) not paid by 12:30 p.m.11:00 a.m., New York time, on the date when due (so long as, in the case of any person Person not a party to the Participation Agreement, Lessee had received timely notice of the account to which such payment was required to be made), for the period from and including the date on which the same was due to, to (but excluding, ) the date of payment in full.

Appears in 3 contracts

Samples: Financing Agreement (Amtran Inc), Lease Agreement (Amtran Inc), Lease Agreement (Amtran Inc)

AutoNDA by SimpleDocs

Supplemental Rent. Lessee shall shall, in the manner and in the funds specified in Section 3.3, pay to Lessor, or to whosoever shall be entitled thereto, any and all Supplemental Rent when and as the same shall become due and owing. Lessee will also pay to Lessor, or to whosoever shall be entitled thereto as Supplemental Rent, to the extent permitted by applicable Law, interest at the Payment Due Rate on any part of any amount of Rent (including, without limitation, Supplemental Rent) not paid by 12:30 p.m., New York time, on the date when due (so long as, in the case of any person not a party to the Participation Agreement, Lessee had received timely notice of the account to which such payment was required to be made), for the period from and including the date on which the same was due to, but excluding, the date of payment in full.

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!