Per Diem Rent definition

Per Diem Rent means $1,427.46.
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Per Diem Rent means, in respect of any Vehicle , the product of (i) the Per Diem Rent Factor for such Vehicle and (ii) the Purchase Price for such Vehicle.
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Per Diem Rent means an amount equal to the Lessor's Cost of the Equipment multiplied by the Daily Rate. "Daily Rate" means (the Prime Rate on the Acceptance Date plus 0.00 percentage points) divided by 360.
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Examples of Per Diem Rent in a sentence

  • The payment of "Per Diem Rent" (calculated as one-thirtieth (1/30) of the monthly Rent amount) hereunder shall begin on the Acceptance Date and shall continue until the "Rent Commencement Date," which shall be a date chosen by the Lessor that is within thirty (30) days following the Acceptance Date.

  • In the event the Delivery Date does not occur on or before the Outside Delivery Date, Sublessee shall be entitled to an abatement of Rent equal to the Per Diem Rent Amount for each and every day between the Outside Delivery Date and the Delivery Date.

  • In the event that the Owner Participant and the Lessee shall not agree on the Per Diem Rent Factor (if applicable), Quarterly Rent Factor and the percentages to be used in the calculation of Termination Value, such proposed Funding shall be postponed until such time as the Owner Participant and the Lessee shall so agree, provided that the Funding Date shall not be postponed past April 30, 2005.

  • For example, if Tenant delivers possession of the Relinquished Space to Landlord until ten (10) days after the Effective Date, in addition to any other remedies Landlord may have under the Lease or this Second Amendment, Tenant shall pay to Landlord within then (10) days after written demand Per Diem Rent in the amount of $1,463.70.

  • The Owner Participant shall deliver a certificate to the Lessee setting forth such revised schedules of Basic Rent and Termination Values certifying that the Per Diem Rent Factor and such schedules were calculated in accordance with this Section 3.3(a).

  • The Per Diem Rent shall be paid to Landlord within ten (10) days after written demand.

  • The receipt of the Per Diem Rent is not Landlord’s exclusive remedy for Tenant’s failure to deliver possession of the Relinquished Space to Landlord on the Effective Date.

  • As promptly as practicable after the Owner Participant’s receipt of such notice, the Owner Participant shall provide proposals for the Per Diem Rent Factor (if applicable), the Quarterly Rent Factor and the percentages to be used in the calculation of Termination Value pursuant to Section 3.3(a) of the Lease.