Basic Rent definition

Basic Rent means Basic Rent as defined in Paragraph 6.

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Basic Rent means, for the Basic Term, the rent payable for the Aircraft pursuant to Section 3(c) as adjusted as provided in Section 3(d) but subject always to the provisions of Section 3(d)(v) hereof and, for any Renewal Term, Basic Rent determined pursuant to Section 19.

Basic Rent means, the sum of (a) the Loan Basic Rent and (b) the Lessor Basic Rent, calculated as of the applicable date on which Basic Rent is due.

Examples of Basic Rent in a sentence

• Tenant shall pay to Landlord Monthly Installments of Annual Basic Rent in the amount of $4,300.00 per month for the first twelve (12) months of the Initial Extended Term, subject to annual CPI-based adjustments beginning July 1, 2026 and escalating each year thereafter as set forth in the Lease.

• Further, the Landlord may install “for lease” signage on the exterior of the Premises during the six month period prior to the expiry of the Term or any extension thereof (or at any time when the Tenant is in arrears of Rent equal to an amount greater than one month’s Annual Basic Rent for more than 30 days) and “for sale” signage on the exterior of the Premises and on the Land at any time during the Term.

• The Tenant will provide the Landlord with a series of 12 post-dated cheques for monthly Annual Basic Rent and Additional Rent on the Commencement Date and on each yearly anniversary thereafter during the Term and any extension or renewal thereof.

• If, for any reason, it becomes necessary to calculate Annual Basic Rent or Additional Rent for irregular periods, an appropriate pro rata adjustment will be made on a daily basis in order to compute such rent for such irregular periods, unless otherwise expressly set out in this Lease.

• Landlord may revoke any consent by Landlord to a particular Transfer if the Transfer does not provide that the Transferee agrees to be independently bound by and upon all of the covenants, agreements, terms, provisions and conditions set forth in this Lease on the part of Tenant to be kept and performed, except that subtenants shall not be subject to the covenant to pay Basic Rent or Additional Rent under this Lease, except as set forth in the applicable Sublease.

More Definitions of Basic Rent

Basic Rent means the rent payable pursuant to Section 3.2;

Basic Rent means the rent provided for under a written lease for the use or occupancy of premises, excluding separately stated amounts required to be paid under the lease for such items as real estate taxes, maintenance expenses or fuel adjustments.

Basic Rent means the basic rent amounts specified in the Basic Terms.

Basic Rent means the amounts set forth on Exhibit B annexed to this Lease.

Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

Basic Rent means the rental described in Section 5.1 of the Lease.

Basic Rent means, for any Lease Term, the rent payable pursuant to Section 3.1 of the Lease, determined in accordance with the following: each installment of Basic Rent payable on any Payment Date shall be in an amount equal to the sum of (A) the aggregate amount of Lender Basic Rent payable on such Payment Date, plus (B) the aggregate amount of Lessor Basic Rent payable on such Payment Date, in each case for the Leased Property or Properties that are then subject to the Lease.