Lease Payment Date definition

Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

Lease Payment Date means the date on which the Lessee is required to make a Lease Payment, as specified in an Appendix.

Lease Payment Date means the day falling 3 Business Days prior to a Settlement Date.

Examples of Lease Payment Date in a sentence

• Lessee agrees that any Lease Payment not made on or before the applicable Lease Payment Date shall be delinquent as of the first Business Day following the applicable Lease Payment Date, and that such delinquent payment of Lease Payments are due no later than the Business Day immediately following the applicable Lease Payment Date, regardless of whether the Lessee has received notice from the Lessor of such delinquent Lease Payments.

• Fifteen days prior to each Lease Payment Date, the Trustee will notify the Lessee of the amount of funds representing Capital Outlay Funds and other funds deposited in the Revenue Fund which have been transferred to the Debt Service Fund, including any funds transferred from the Debt Service Coverage Fund in accordance with Section 504 of the Indenture, which funds shall represent a credit against any Lease Payment due on the next Lease Payment Date.

• In the event the Lessor has not received such Lease Payments on or before the Lease Payment Date, the Lessor shall notify the Lessee on the Business Day following the day payment was due that such Lease Payments have not been received; provided, however, that such notice is for the purpose of convenience only and the Lessee’s obligation to make such payments shall in no way be conditioned by giving or receipt of such notice.

• On each Lease Payment Date, the Lessee shall pay or cause to be paid to the Lessor or its assigns, in lawful money of the United States of America, the Lease Payments for such Lease Payment Date.

More Definitions of Lease Payment Date

Lease Payment Date means, with respect to any Interest Payment Date, the 15th calendar day of the month preceding such Interest Payment Date.

Lease Payment Date shall have the meaning set forth in Section 3.4(a) hereof.

Lease Payment Date means, with respect to each Lease, January 2 or July 2 during the term of such Lease.

Lease Payment Date means the Lease Payment Date defined in the Lease.

Lease Payment Date means the 15th day of the month preceding each Interest Payment Date (or if the 15th day of the month is not a Business Day, on the next succeeding Business Day).

Lease Payment Date means March 1 and September 1 in each year, commencing March 1, 2018, and continuing to and including the date on which the Lease Payments are paid in full.

Lease Payment Date means April 1 and October 1 in each year, commencing April 1, 2021, and continuing to and including the date on which the Lease Payments are paid in full.