Examples of Lease Payment in a sentence
The inability to use the Boat Slip or your Vessel for reasons of water level does not negate the Lessee’s obligation to pay the Monthly Lease Payment and/or Lessee’s other obligations.
The Xxxxx Xxxx authorized for the lease of the Project Building pursuant to Minnesota Statutes, Section 126C.40 and the Lease Agreement shall be divided among the Member Districts in the manner provided in the Lease Payment Allocation Formula specified in EXHIBIT A attached hereto and incorporated herein by reference (the “Lease Payment Allocation Formula”).
The Monthly Lease Payment payable by Lessee may be increased to one hundred fifty percent (150%) of the Monthly Slip Rate in effect at the expiration of the original Lease Term (as set forth on page one) without any further notice.
A 5% discount is given if Lessee pays entire 12-month lease term in advance in one payment: Monthly Slip Rate X 12 X .95 = $ AUTOMATIC MONTHLY LEASE PAYMENTS/HANDLING FEE: Monthly Lease Payments are collected electronically via Credit Card, Debit Card or ACH: Lessee’s Monthly Lease Payment plus any electricity charges and any other misc.
If, after expiration of the original 12 month Lease Term, Xxxxxx remains in possession of the Boat Slip, Lessee shall become a month-to-month Lessee only, subject to all the provisions of this Agreement (except as to Term and Monthly Lease Payment amount).