Basic Rent Payment Date definition

Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

Basic Rent Payment Date means each day determined in accordance with Exhibit C upon which a payment of Basic Rent becomes payable. If a Basic Rent Payment Date shall fall on a day which is not a Business Day, any payment due on such Basic Rent Payment Date shall be made on the next succeeding Business Day.

Examples of Basic Rent Payment Date in a sentence

• No interest shall accrue on the amount of any payment made on the Business Day next succeeding the regularly scheduled Basic Rent Payment Date, if such payment is made on such next succeeding Business Day because the original date of payment was not a Business Day (it being understood that the amount of Basic Rent includes Rent for such day).

• The Issuer reserves and the Company covenants and agrees to pay to the Trustee hereinafter provided and in the Indenture designated, for the account of the Issuer and during the Basic Term, for deposit in the Principal and Interest Payment Account referred to herein and in the Indenture established, on each Basic Rent Payment Date, Basic Rent in immediately available funds.

• On each Basic Rent Payment Date, the Lessee shall deliver to the Lessor and the Secured Parties a signed and completed Rent Due and SCV Confirmation Schedule.

• Basic Rent is due and payable from the Board no later than the 15th day prior to each Basic Rent Payment Date.

• On each Basic Rent Payment Date, Lessee will pay to Lessor as Basic Rent an amount equal to the Basic Rent Amount; provided that on the Delivery Date, Lessee shall pay to Lessor an amount equal to ***** (the “Initial Basic Rent Payment”).

More Definitions of Basic Rent Payment Date

Basic Rent Payment Date means June 1 of each year commencing June 1, 2024, until the principal of and interest on all Outstanding Bonds have been fully paid or provision made for their payment in accordance with the provisions of the Indenture.

Basic Rent Payment Date means each date set forth on Exhibit B.

Basic Rent Payment Date means, for any Basic Rent Period, the first Business Day of the next succeeding calendar month following such Basic Rent Period.

Basic Rent Payment Date means each date listed under the heading ----------------------- "Basic Rent Payment Date" in Exhibit C to the Lease.

Basic Rent Payment Date as set forth in a Rental Schedule with respect to the items of Equipment set forth therein.

Basic Rent Payment Date means and include (a) each March 29 and September 29, commencing September 29, 1988, throughout (and including the last day of) the Basic Term, (b) each March 29, June 29, September 29 and December 29, commencing December 29, 2029, throughout (and including the last day of) any Renewal Term, if elected, and (c) with respect to payments under the Ground Lease after the Lease Termination Date, each March 29, June 29, September 29 and December 29 through the Ground Lease Termination Date.

Basic Rent Payment Date means the twentieth (20th) day of any calendar month during the Lease Term or Renewal Term of any Facility or, if such day is not a Business Day, the next succeeding Business Day.