Term and Rent. Lessor demises the above premises for a term of twenty years, commencing January 1, 1993, and terminating o December 31, 2012, or sooner as provided herein at the annual rent of Twenty Four Thousand Dollars ($24,000.00), payable in equal installments in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at the address specified above.
Term and Rent. 24 (a) Term and Basic Rent......................................... 24 (b) Adjustments to Basic Rent................................... 25 (c) Supplemental Rent........................................... 25 (d) Payments in General......................................... 25 (e) Minimum Rent................................................ 26 (f) Prepayment of Rent Payments................................. 26
Term and Rent. 1 Section 3.1
Term and Rent. The initial term shall commence on the day that any of the Equipment is delivered to you (the Commencement Date). The installments of rent shall be payable in advance, at the time and in the amounts provided above, commencing on the Commencement Date and subsequent payments shall be due on the same date of each successive period thereafter until all rent and any additional rent or expenses chargeable under this Agreement shall have been paid in full. Lessee obligation to pay the rent and other obligations hereunder shall be absolute and unconditional and are not subject to any abatement, set-off, defense or counter-claim for any reason whatsoever. 3. NO WARRANTIES: We are renting the Equipment to you “AS IS”. WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE IN CONNECTION WITH THIS AGREEMENT. We transfer to you for the term of this Agreement any warranties made by manufacturer or supplier to us. NEITHER SUPPLIER NOR ANY AGENT OF SUPPLIER IS AN AGENT OF LESSOR OR IS AUTHORIZED TO WAIVE OR MODIFY ANY TERM OR CONDITION OF THE AGREEMENT. 4. OWNERSHIP: We are the owner of the Equipment and have title to the Equipment. To protect our rights in the Equipment, in the event this Agreement is determined to be a security agreement, you hereby grant to us a security interest in the Equipment and all proceeds, products, rents or profits therefrom. In state where permissible, you hereby authorize us to cause this Agreement or any statement or other instrument in respect to this Agreement showing our interest in the Equipment, including Uniform Commercial Code Financing Statements, to be filed or recorded and re-filed and re-recorded and grant us the right to execute your name thereto. You agree to execute and deliver any statement or instrument requested by us for such purpose. You agree to pay or reimburse us for any searches, filings, recordings, stamp fees or taxes related to the filing or recording of any such instrument or statement. 5.
Term and Rent. Equipment described in a Schedule shall be leased for a term (the “Term”) that shall commence on the date stated in such Schedule and continue for the period stated therein, including any extension or renewal periods as provided in the End of Term Option Rider executed by Lessee and the Lessor thereunder in connection with such Schedule, except as sooner terminated by Lessee’s exercise of its rights under the Early Purchase Rider executed by Lessee and such Lessor, or otherwise terminated or cancelled, in each case, in accordance with any other provision hereof, or of such Lease or any of the other related Lease Documents. Lessee shall pay the Lessor the rental payments in the aggregate amounts specified in each Schedule to which it is a party, without notice or prior demand, and all other amounts payable pursuant to the related Lease (collectively, “Rent”). If any Rent shall be unpaid five (5) days after the due date thereof, Lessee shall pay on demand a late charge equal to 5% of any such unpaid Rent but in no event to exceed the maximum lawful charges. EACH LEASE IS NONCANCELABLE BY LESSEE FOR ITS ENTIRE TERM, and Lessee has no right of termination or purchase of any Equipment except as specifically granted to Lessee in a Schedule (including any rider thereto). Upon the expiration of the Term respecting the Equipment, and until the return to the applicable CHICAGO/#1578913.20 Lessor of all such Equipment in accordance with the terms of the Lease applicable thereto, or until any purchase option with respect thereto is exercised in accordance with the terms of the Lease applicable thereto, at the option of the Lessor thereunder, in its sole discretion, such Lease shall remain effective and shall become a month-to-month lease between the parties with respect to such Equipment on the same terms and conditions of such Lease and the monthly Rent in effect immediately prior to such expiration shall be the monthly Rent payable during such month-to-month term under the applicable Schedule.
Term and Rent. (a) The leasing of the Aircraft by Lessor to Lessee shall commence on the Acceptance Date and end on the Expiration Date each as set forth on Schedule No. 2 to Lease Supplement No. 1, unless this Lease shall have been terminated or extended in accordance with the terms hereof.
(b) Lessee shall pay to Lessor as basic rent (herein referred to as "Basic Rent") the following:
(i) on the Acceptance Date, an amount equal to the Daily Lease Rate, multiplied by the number of days elapsed from and including the Acceptance Date with respect to the Aircraft to but excluding the Rent Commencement Date;
(ii) on the First Basic Rent Date and on each Basic Rent Date thereafter, to and including the Last Basic Rent Date, an amount equal to the Basic Rent set forth on Schedule 2-A to Lease Supplement No. 1; and
(iii) after the Expiration Date until the Aircraft is returned to the Lessor in accordance with Section 8 hereof, an amount equal to the Basic Rent which amount shall be payable each and every calendar month immediately after the Expiration Date until the return of the Aircraft to the Lessor as provided under this Lease on the day of the month on which Basic Rent was payable during the Term.
(c) In addition, Lessee shall pay to Lessor the following amounts (herein referred to as "Supplemental Rent" and, together with all Basic Rent, collectively as "Rent"): (i) any other amount payable hereunder which Lessee assumes the obligation to pay, or agrees to pay, under this Lease to Lessor or others; (ii) on the date provided herein, any amount payable hereunder as Casualty Value and/or any amounts due pursuant to Section 23 hereof plus any and all amounts regarding the same and (iii) to the extent permitted by applicable law, interest at the Late Payment Rate for the number of days actually elapsed on any amount payable hereunder not paid when due, plus, as an administrative and late charge, an amount equal to five percent (5%) of the amount payable if not paid when due. The expiration or other termination of Lessee's obligation to pay Basic Rent hereunder shall not terminate, limit or modify the obligations of Lessee with respect to Supplemental Rent, which shall survive such expiration or other termination.
(d) All payments of Rent or other amounts required hereunder shall be made to Lessor in immediately available United States funds on the date payable hereunder at its address set forth herein or at such other address or to such other Person as Lessor may direct by no...
Term and Rent. 2 3.1 Term...................................................... 2 3.2 Rent...................................................... 2 3.3 Payments.................................................. 5 SECTION 4. DISCLAIMER; CERTAIN AGREEMENTS OF LESSOR; SECTION 1110 MATTERS.............................................. 6
Term and Rent. Lessor demises the above premises for a term of Three (3) years, commencing on February 1, 2018 and terminating on January 31, 2021 or sooner as provided herein at the annual rental Two Hundred Sixty-eight Thousand Five Hundred Nine Dollars ( $268,509.00 ) payable in equal monthly installments of $22,375.75 in advance on the first day of each month for that month's rent during the term of this lease. All rental payments shall be made to E & E Plaza, LLC at the following address: Ideal Property at 600 Xxxx Xxxx Xxxxxx Xxxxxxxx XX 00000
Term and Rent. 2 3.1 Term.................................................... 2 3.2 Rent.................................................... 2 3.3 Payments................................................ 4
Term and Rent. 13 3.1 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 3.2
