Common use of TERM, RENT AND PAYMENT Clause in Contracts

TERM, RENT AND PAYMENT. (a) Lessee hereby agrees to pay Lessor the Basic Term Rent for the Equipment throughout the Basic Term applicable thereto in monthly installments payable in advance on each Rent Payment Date as set forth in the Schedule. The Basic Term Rent shall be calculated in accordance with Section E of Exhibit No. 1. The Basic Term Rent payable hereunder and Lessee’s right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for the Equipment and the satisfaction of the conditions in Section 1(b) above (to the extent not waived by the Lessor) (“Basic Term Commencement Date”) pursuant to this Agreement. The term of this Agreement shall be the period specified in the Schedule. If any Term is extended, the word “Term” shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as otherwise may be specifically provided in writing. If any Rent Payment Date is not a Business Day, the Basic Term Rent otherwise due on such date shall be payable on the immediately preceding Business Day. The Basic Term Rent due and payable under the Schedule shall also represent and be the amount of rent for which Lessee becomes liable on account of the use of the Equipment for the period beginning on each Rent Payment Date and ending on the immediately succeeding Rent Payment Date, and shall therefore constitute the rent allocated to such rental periods within the meaning of Treasury Regulations Section 1.467-1(c)(2)(ii). Lessee hereby agrees to pay to Lessor any and all Supplemental Rent when and as the same shall become due and owing.

TERM, RENT AND PAYMENT. (a) Lessee hereby agrees to pay Lessor the Basic Term Rent for the Equipment Facility and each Unit throughout the Basic Term applicable thereto in monthly quarterly installments payable in advance on each Rent Payment Date as set forth in the applicable Schedule. The Basic Term Rent shall be calculated in accordance with Section E "E" of Exhibit No. 1. The Basic Term Rent payable hereunder and Lessee’s 's right to use the Equipment Facility and any Unit shall commence on the date of execution by Lessee of the Certificate of Acceptance for the Equipment Facility and the satisfaction of the conditions in Section 1(b) above such Unit (to the extent not waived by the Lessor) (“"Basic Term Commencement Date”") pursuant to this Agreement. The term of this Agreement (the "Term") shall be the period specified in the applicable Schedule. If any Term is extended, the word “"Term” " shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as otherwise may be specifically provided in writing. If any Rent Payment Date is not a Business Day, the Basic Term Rent otherwise due on such date shall be payable on the immediately preceding Business Day. The Basic Term Rent due and payable under the any Schedule shall also represent and be the amount of rent for which Lessee becomes liable on account of the use of the Equipment for the period beginning on each Rent Payment Date and ending on the immediately succeeding Rent Payment Date, and shall therefore constitute the rent allocated to such rental periods within the meaning of Treasury Regulations Section 1.467-1(c)(2)(ii). Lessee hereby agrees to pay to Lessor any and all Supplemental Rent when and as the same shall become due and owing.

TERM, RENT AND PAYMENT. (a) Lessee hereby agrees to pay Lessor the Basic Term Rent for the Equipment throughout the Basic Term applicable thereto in monthly installments payable in advance on each Rent Payment Date as set forth in the Schedule. The Basic Term Rent shall be calculated in accordance with Section E of Exhibit No. 1. The Basic Term Rent rent payable hereunder and Lessee’s 's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for the such Equipment and the satisfaction of the conditions in Section 1(b) above (to the extent not waived by the Lessor) (“Basic Term Commencement Date”) pursuant to this Agreement"LEASE COMMENCEMENT DATE"). The term of this Agreement shall be the period specified in the applicable Schedule. If any Term term is extended, the word “Term” "term" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as otherwise may be otherwise specifically provided in writing. (b) Rent shall be paid to Lessor at its address stated above, except as otherwise directed by Lessor. Payments of rent shall be in the amount set forth in, and due in accordance with, the provisions of the applicable Schedule. If one or more Advance Rentals are payable, such Advance Rental shall be (i) set forth on the applicable Schedule, (ii) due upon acceptance by Lessor of such Schedule, and (iii) when received by Lessor, applied to the first rent payment and the balance, if any, to the final rental payment(s) under such Schedule. In no event shall any Rent Payment Date Advance Rental or any other rent payments be refunded to Lessee. If rent is not paid within ten days of its due date, Lessee agrees to pay a Business Daylate charge of five cents ($0.05) per dollar on, the Basic Term Rent otherwise due on such date shall be payable on the immediately preceding Business Day. The Basic Term Rent due and payable under the Schedule shall also represent and be in addition to, the amount of such rent for which Lessee becomes liable on account but not exceeding the lawful maximum, if any. (c) So long as no default shall have occurred and be continuing under the terms of the use this Agreement, neither Lessor nor its agents, employees, creditors, or assigns will disturb Lessee's quite, peaceful and uninterrupted possession of the Equipment during the term of this Lease and Lessee's uninterrupted use thereof for the period beginning on each Rent Payment Date and ending on the immediately succeeding Rent Payment Date, and shall therefore constitute the rent allocated to such rental periods within the meaning of Treasury Regulations Section 1.467-1(c)(2)(ii). Lessee hereby agrees to pay to Lessor any and all Supplemental Rent when and as the same shall become due and owingits intended purpose.