Maintenance Rent definition

Maintenance Rent means, with respect to any Pool Aircraft, maintenance reserves, maintenance rent or other supplemental rent payments based on usage in respect of such Pool Aircraft (or its engines or other parts) payable by the Lessee under the Lease for such Pool Aircraft for the purpose of paying, contributing to, reserving or calculating potential liability in respect of payments for future maintenance and repair of such Pool Aircraft, indemnity payments and any other payments other than scheduled rent payments.

Maintenance Rent means any lease payments (whether called maintenance reserves, additional rent, supplemental rent, utilization rent or any similar term in the applicable Lease) that are in addition to a base rent for an Aircraft (regardless of how such base rent is calculated) payable under a Lease based on usage, including hours or cycles of operation of the airframe, engines, life-limited engine parts, landing gear and/or auxiliary power unit of such Aircraft, provided that, if any Aircraft is a Non-Owned Aircraft, until the earliest to occur of (i) the date such Non-Owned Aircraft is actually acquired by a Seller, a Transferring Company, any Transferring Subsidiary or a Transferring Trust (or any of their respective Affiliates), (ii) the Closing Date for such Aircraft and (iii) the Termination Date for such Aircraft, if applicable, Maintenance Rent shall be deemed to have been paid to the relevant Seller in the amounts and on the dates set forth in the relevant Lease, without regard to whether such amounts were actually so received by or for the benefit of such Seller;

Maintenance Rent means all amounts payable pursuant to Section 6.3. “Maintenance

Examples of Maintenance Rent in a sentence

• At the time any payment is made hereunder, LESSEE will advise LESSOR in writing of the payment being made by LESSEE and the allocation of such payment to the Security Deposit, Base Rent, Maintenance Rent, Supplemental Rent, Default Interest and any other amounts then payable by LESSEE.

• A calculation will be made as of December 31 of each year and as of the Termination Date and such Supplemental Rent will be due and payable by LESSEE on the date on which the next Maintenance Rent payment is due following such Flight Hour/Cycle calculation period.

• When it is stated in this Lease that an installment of the Security Deposit, Base Rent, Maintenance Rent or any other payment is due or must be paid or made by LESSEE by a specific date, then such payment actually must be received by LESSOR's Bank on or before such specific date, even if, in order for such payment to be received by LESSOR's Bank by such specific date, LESSEE must initiate the wire transfer prior to such specific date.

• Operating & Maintenance Rent Increases Operating and maintenance rent increases are for increases in the landlord’s cost of operating the property.

More Definitions of Maintenance Rent

Maintenance Rent means, with respect to any Pool Aircraft, any payments based on usage in respect of such Pool Aircraft (or its engines or other parts) payable by the Lessee

Maintenance Rent means, with respect to the Lease relating to a Remaining Aircraft, amounts paid by the Lessee thereunder pursuant to the terms thereof, whether as supplemental rent or otherwise, for the purpose of performing maintenance on such Remaining Aircraft;