Lease Payments definition
Examples of Lease Payments in a sentence
The rate of return (finance rate) may be determined by applying to the Product Cost, the rate that will amortize the Product Cost down to the Purchase Option amount by applying as payments, the Lease Payments.
The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document.
The prepayment by the Parking Authority pursuant to this Section 4.3(b) shall be deemed a prepayment of the Lease Payments (as such term is defined in the Lease Agreement) by the Financing Authority pursuant to Section 4.4 of the Lease Agreement and shall be applied to redeem Bonds pursuant to Section 4.01 of the Indenture.