Lease Amounts definition
Examples of Lease Amounts in a sentence
The Company shall have entered into the Substitute Capital Leases and, to the extent any Capital Leases are not replaced with Substitute Capital Leases, upon payment of the Outstanding Capital Lease Amounts, all Capital Leases not so replaced shall have been terminated and the Company shall have received legal title to the equipment underlying such Capital Leases, free and clear of all Liens (including any Liens for the benefit of the Capital Lease Lenders) other than Permitted Exceptions.
In the event the Company has not paid the Aggregate Outstanding Lease Amounts in full by the Due Date, any portion still outstanding shall be due and payable upon demand by SBG and shall accrue interest at the rate of seven and one-half percent (7.5%) per annum.
If you terminate the Agreement early under this paragraph, you must pay us the sum of any past due Lease Amounts still owing and all other Payment Obligations and other unpaid amounts due under this Agreement (“Settlement Value”).
On the Effective Date, and without limiting the generality of Sections 13 and 14 of this Agreement, HP waives any Event of Default (as defined in the Lease Agreements) that may have occurred and is continuing as of the Effective Date, as a result of the Company's failure to pay the Past Due Lease Amounts.
On the Effective Date, the Past Due Lease Amounts shall be deemed cancelled.
SBG, at all times beginning as of the date of this Letter Agreement, shall have the right to offset any of the unpaid Aggregate Outstanding Lease Amounts against any purchase SBG makes from the Company for transmitters or otherwise.
Effective upon payment by Spectrum of all amounts due under this Agreement, the University shall cancel and deem paid in full all outstanding amounts, including but not limited to, Basic Rent, Operating Expenses and Tenant Contributions, owed or to become owed by the Company or Spectrum to the University under the Sublease or the Guaranty, or arising from or in connection with the operation of the business of the Company or Spectrum at the Premises (the "Lease Amounts").
If AMREP’s obligations under the Smithsonian Agreement are terminated on or before the closing of the purchase by Purchaser from CBH of the Property, then AMREP shall cause (i) CBH to release PCD from the Default Lease Amounts owed by PCD to CBH and (ii) TC to release PCD from the Default Lease Amounts owed by PCD to TC.
Thereafter, T▇▇▇▇▇ further agrees to execute any further updated replacement of the Promissory Note within 5 business days of Landlord’s request for same to evidence the correct amount due and owing taking into account the Past Due Lease Amounts, Rent Differential Amount, Critical Expenses Advances, and amounts due under Section 2.3(iv).
In the event of delay up to 15 Days from the due date (10th day of the Month) in the payment of the Lease Amounts, the Concessionaire shall be liable to pay to the Grantor / Authority, interest on the due amount at the rate of 18% (Eighteen percent) per annum, for the period from the due date until the date of actual payment.