Annual Lease Fee definition
Examples of Annual Lease Fee in a sentence
To be a Member in Good Standing with JIAI, a person shall have paid all Association dues, the Boat Slip Annual Lease Fee, and not otherwise be in violation of the Declaration of Covenants, Conditions and Restrictions or other Association rules and regulations.
The Annual Lease Fee includes the total rental payments for both the Compressor Motor Facilities and the Premises.
The rate of the Annual Lease Fee is subject to change at any time by vote of CHOA Board of Directors.
This Lease is effective upon the initial pre-paid Lease Term and continues through subsequent pre-paid Lease Term(s) for as long as 1) LESSEE’s Boat remains in ▇▇▇▇’▇ Rack, 2) Annual Lease Fee payments are current and pre-paid annually, 3) LESSEE remains in good standing with CHOA, (4) LESSEE routinely uses the Boat stored in ▇▇▇▇’▇ Rack for recreation, and (5) LESSEE complies with the provisions in the Lease.
ECS shall pay FGT an Annual Lease Fee for the Compressor Motor Facilities and Premises during each Contract Year during the Lease Term.
The Annual Lease Fee shall be paid by ECS to FGT in twelve (12) monthly installments, each equal to 1/12th of the Annual Lease Fee as set forth in Exhibit “C” hereto.
Should this Lease terminate prior to the end of any Contract Year the Annual Lease Fee shall be prorated based upon the portion of the year in which the Lease was in effect.
Payment of the Annual Lease Fee shall be made in accordance with the Payment Schedule set forth above.
After payment of the Development Fee, the Annual Lease Fee, the Annual Compliance Fee, and any other priority net cash flow payments established in the Tenant’s Company Agreement or Limited Partnership Agreement, the Developer and, if applicable, equity investor shall retain any remaining net cash flow distribution to them on a 100% basis.
The Usage Premium shall become due and payable to One Dot Six on the date that the corresponding Annual Lease Fee is due and payable from One Dot Six to OP; provided further, that AST shall not be required to pay any Usage Premium until after the Plan Confirmation Date.