Interim Term the period from and including the Interim Term Commencement Date to but not including the Primary Term Commencement Date.
Interim Term for each Item of Equipment means the period commencing on the Acceptance Date for such Item (unless the Acceptance Date is the Basic Term Commencement Date, in which case there shall be no Interim Term for such Item) and ending on the date immediately prior to the Basic Term Commencement Date.
Interim Term means the period of time from the execution of this Lease until the beginning of the Initial Term.
Examples of Interim Term in a sentence
Interim Rent shall be due Lessor for each day in the Interim Term and shall equal the daily equivalent of the initial Base Rent.
Interim Term Basic Rent is due and payable in full on the first day of the Primary Term.
The Interim Term begins on the Acceptance Date and continues up to the Commencement Date of the Base Term.
If the Acceptance Date is before the Commencement Date, then on the Commencement Date of the Base Term, Borrower shall pay one installment of interest only based upon the number of days in the Interim Term.
The term of this Note consists of the Interim Term plus the Base Term.
More Definitions of Interim Term
Interim Term shall have the meaning specified in Section 3.1 of the Lease.
Interim Term means the period commencing on the Delivery Date and ending on and including the day immediately preceding the Commencement Date unless earlier terminated in accordance with the provisions hereof.
Interim Term for this Lease shall commence upon the commencement date set forth in the applicable Rental Schedule and shall end on the commencement date of the Primary Term.
Interim Term is defined in Section 3(a) of the Master Lease.
Interim Term is defined in each respective Lease Schedule.
Interim Term for each Equipment Schedule, the period from the effective date thereof to the Base Lease Commencement Date.
Interim Term means the period commencing on the Closing Date and ending on June 30, 2000, or such shorter period as may result from earlier termination of the Lease as provided therein.