TERM OF LEASE AND RENT. (SECTION 5-3-3-1)
TERM OF LEASE AND RENT. The term of this Lease shall be for sixty (60) months, commencing on the Effective Date. The rent for the use of the Equipment shall be Eighty Three and 33/100 Dollars ($83.33) per month, commencing on the Effective Date and continuing on the same day of the month for each month thereafter during the Term, for a total rent payment of Five Thousand and 00/100 Dollars ($5,000.00).
TERM OF LEASE AND RENT. The Lease is for a term of one year, commencing on December 1, 2020, and ending on May 31, 2021. The monthly rental is $1,300.00 per month, payable in advanced on the first day of the month. This agreement will end upon the date agreed above, or upon any breach of the terms of this agreement.
TERM OF LEASE AND RENT. The term of each lease of the Equipment is described in each Schedule and commences upon the date Lessee accepts the Equipment in accordance with Section 2 above. The rent for the Equipment is designated in each Schedule. Lessee shall pay Lessor said rent at the times set forth in each Schedule and at the office of Lessor (unless Lessor designates in writing otherwise). In addition, if applicable, Lessee shall pay to Lessor interim rent, at the daily equivalent, for the actual number of days from the date of funding to the Commencement Date, as provided for in each Schedule. All payments received by Lessor shall first be applied to any accrued late charge(s) and other non-rental obligations owed by Lessee hereunder, and then to any unpaid rents. All payments hereunder shall be applied to unpaid obligations then due hereunder at Lessor's discretion. In the event Lessee should fail to pay Lessor any Rent within ten (10) days of the due date hereof, or any other sum required to be paid to Lessor within ten ( l 0) days of demand, Lessee shall pay unto Lessor a late payment charge of the greater of 5 percent of the amount of such late payment or $25.00. Time is of the essence as to the payment of Rent and all other monies due Lessor hereunder. THIS MLA AND EACH SCHEDULE ARE NON-CANCELABLE AND NON-TERMINABLE BY LESSEE, AND LESSEE MAY NOT PREPAY ANY RENTS OR OTHER OBLIGATIONS HEREUNDER WITHOUT THE WRITTEN CONSENT OF LESSOR.
TERM OF LEASE AND RENT. The term of each lease of the Equipment is described in each Schedule and commences upon the date Lessee accepts the Equipment in accordance with Section 2 above. The rent for the Equipment is designated in each Schedule. Lessee shall pay Lessor said rent at the times set forth in each Schedule and at the office of Lessor (unless Lessor designates in writing otherwise). All payments received by Lessor shall first be applied to any accrued late charge(s) and other non-rental obligations owed by Lessee hereunder, and then to any unpaid rents. Time is of the essence as to the payment of rent and all other monies due Lessor hereunder. This MLA and each Schedule are non-cancelable and non-terminable by either party except as expressly set forth herein, and Lessee may not prepay any rents or other obligations hereunder without the written consent of Lessor.
TERM OF LEASE AND RENT
