Rental Payment definition
Examples of Rental Payment in a sentence
A portion of each Rental Payment is paid as, and represents payment of, interest, and the balance of each Rental Payment is paid as, and represents payment of, principal as more fully detailed on the Payment Schedule.
Lessee does not intend to sell or otherwise dispose of the Equipment or any interest therein prior to the last Rental Payment (including all Renewal Terms) scheduled to be paid hereunder.
The Lessee will not suspend or discontinue payment of any Rental Payment due and payable hereunder or performance or observance of any covenant or agreement required on the part of the Lessee hereunder for any cause whatsoever, and the Lessee waives all rights now or hereafter conferred by statute or otherwise to any abatement, suspension, deferment, diminution or reduction in the Rental Payments hereunder.
Lessor has incorporated the cost for maintenance and repairs into the Rental Payment.
Factors other than the rental amount to consider in selecting a lease agreement include: Method and Time of Rental Payment Rent due dates and the method of calculating rent depend on the type of lease agreement.