Daily Rent definition

Daily Rent means, as to any Lease, an amount equal to the per diem Rent payable under the applicable Schedule (calculated on the basis of a 360 day year and 30 day months).
Daily Rent means one-thirtieth (1/30) of the Monthly Rent.
Daily Rent means, as to any Lease or Financing, an amount equal to the per diem Rent payable under the applicable Schedule (calculated on the basis of a 360 day year and 30 day months).

Examples of Daily Rent in a sentence

  • Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Rent or other sums not paid by Lessee when due and owing under this Lease Agreement, from the due date thereof until paid, at the rate of one and one half (1-1/2) percent per month, but if such rate violates applicable law, then the maximum rate of interest allowed by such law.

  • No failure of Agent to enforce any term of this Agreement shall be deemed a waiver, nor shall any acceptance of a partial payment of Daily Rent or other charges payable by Guest under this Agreement be deemed a waiver of Agent's right to the full amount of Daily Rent and other charges payable by Guest under this Agreement.

  • Lessee will not be charged an additional electrical usage fee as it is included in the Daily Rent.

  • In addition to the Basic Rent and Daily Rent, Lessee shall pay Renewal Rent, if any, due as indicated in this Lease Agreement, or on any Equipment Schedule, or any Rider hereto or thereto.

  • Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Periodic Rent or other sums not paid by Lessee when due and owing under the applicable Lease Schedule, from the due date thereof until paid, at the rate of one and one half percent (1.5%) per month, but if such rate violates applicable law, then at the maximum rate of interest allowed by such law.


More Definitions of Daily Rent

Daily Rent means the daily equivalent of the initial Basic Rent.
Daily Rent means, as to any Lease, or Lease minimum payments, an amount equal to the per diem Rent payable under the applicable Schedule (calculated on the basis of a 360-day year and 30 day months).
Daily Rent means any daily rent payable during the Term pursuant to this Sublease in a per diem amount equal to the product of (a) the Lessor’s Cost, multiplied by (b) the Daily Rent Percentage, for each day of the referenced period.
Daily Rent means the per diem amount set forth in the applicable Lease Schedule.
Daily Rent is determined by dividing the monthly Basic Rent for the Leased Item by thirty (30).
Daily Rent shall have the meaning set forth in Section 3 of the Lease. Default shall mean an event or circumstance which, after the giving of notice or lapse of time, or both, would become an Event of Default.
Daily RentThe daily rent payable by the Lessee for an Aircraft pursuant to Section 5(d) shall be $1,710 per day. XXXXX XXXXXXXXXX XX. 0, dated August 21, 2001, between XXXXX FARGO BANK NORTHWEST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee under a Trust Agreement dated as of August 21, 2001 (such Owner Trustee, in its capacity as such Owner Trustee, being herein called “Lessor”), and ABX AIR, INC. (“Lessee”). The Lessor and the Lessee have heretofore entered into that certain Lease Agreement dated as of August 21, 2001, relating to three Boeing 767-200 aircraft (herein called the “Lease Agreement” and the defined terns therein being hereinafter used with the same meanings). The Lease Agreement provides for the execution and delivery of Lease Supplements for the purpose of leasing the Aircraft under the Lease Agreement as and when delivered by the Lessor to the Lessee in accordance with the terms thereof. The Lease Agreement relates to the aircraft and engines described in Schedule I hereto, and a counterpart of this Lease Supplement is attached thereto and made a part thereof and the Lease, together with this attachment, is being filed for recordation on the date hereof with the Federal Aviation Administration as one document.