TERM, RENT AND PAYMENT. (a) The rent payable for the Equipment and Lessee's right to use the Equipment shall begin on the earlier of (i) the date when the Lessee signs the Schedule and accepts the Equipment or (ii) when Lessee has accepted the Equipment under a Certificate of Acceptance ("LEASE COMMENCEMENT DATE"). The term of this Agreement shall be the period specified in the applicable Schedule. The word "
TERM, RENT AND PAYMENT. (a) The rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement Date"). The term of this Agreement shall be the period specified in the applicable Schedule. If any term is extended, the word "term" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing.
TERM, RENT AND PAYMENT. (a) The rent ("Rent") payable hereunder and Lessee's right to use the Aircraft shall commence on the date of execution by Lessee of the Certificate of Acceptance ("Commencement Date"). The term ("Term") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereof, until and including the Expiration Date stated in Annex B. If any term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal terms, and all provisions of this Lease shall apply during any such extension or renewal terms, except as may be otherwise specifically provided in writing.
TERM, RENT AND PAYMENT. 2.1 The term of this Lease for each Unit (its "Lease Term") shall begin on the date of the Appendix describing the Unit and continue as specified in its Appendix and Schedule.
TERM, RENT AND PAYMENT. (a) The rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement Date"). The term of this Agreement shall be the period specified in the applicable Schedule. If any term is extended, the word "term" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing. (b) Rent shall be paid to Lessor at its address stated above, except as otherwise directed by Lessor. Payments of rent shall be in the amount set forth in, and due in accordance with, the provisions of the applicable Schedule. If one or more Advance Rentals are payable, such Advance Rental shall be (i) set forth on the applicable Schedule, (ii) due upon acceptance by Lessor of such Schedule, and (iii) when received by Lessor, applied to the first rent payment and the balance, if any, to the final rental payment(s) under such
TERM, RENT AND PAYMENT. (a) Lessee hereby agrees to pay Lessor the Basic Term Rent for the Equipment throughout the Basic Term applicable thereto in monthly installments payable in advance on each Rent Payment Date as set forth in the Schedule. The Basic Term Rent shall be calculated in accordance with Section E of Exhibit No. 1. The Basic Term Rent payable hereunder and Lessee’s right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for the Equipment and the satisfaction of the conditions in Section 1(b) above (to the extent not waived by the Lessor) (“Basic Term Commencement Date”) pursuant to this Agreement. The term of this Agreement shall be the period specified in the Schedule. If any Term is extended, the word “Term” shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as otherwise may be specifically provided in writing. If any Rent Payment Date is not a Business Day, the Basic Term Rent otherwise due on such date shall be payable on the immediately preceding Business Day. The Basic Term Rent due and payable under the Schedule shall also represent and be the amount of rent for which Lessee becomes liable on account of the use of the Equipment for the period beginning on each Rent Payment Date and ending on the immediately succeeding Rent Payment Date, and shall therefore constitute the rent allocated to such rental periods within the meaning of Treasury Regulations Section 1.467-1(c)(2)(ii). Lessee hereby agrees to pay to Lessor any and all Supplemental Rent when and as the same shall become due and owing.
TERM, RENT AND PAYMENT. (a) The term of this Lease for each respective Item (the "Term") shall commence on the date set forth in the Acceptance Certificate therefor (the "Acceptance Date") and, unless sooner terminated pursuant to Section 9 or 17, shall continue for the period specified as the "Term" in the applicable Schedule. If any Term shall be extended or this Lease is renewed pursuant to an extension or renewal option, the word "Term" shall include all such extensions and renewals, and all provisions of this Lease shall apply during all extension and renewal periods, except as may be specifically provided otherwise in any Rider, Schedule or other written agreement applicable thereto.
TERM, RENT AND PAYMENT. (a) The rent payable hereunder (the "RENT") and Lessee's right to use any Unit of Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Unit of Equipment (each such date, a "LEASE COMMENCEMENT DATE"). The term of this Agreement with respect to any Unit of Equipment (the "TERM") shall be the period specified in the applicable Schedule. If any Term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewed terms, and all provisions of this Agreement shall apply during any extended or renewed terms, except as otherwise may be specifically provided in writing.
TERM, RENT AND PAYMENT. 2.1 The term of this Lease as to each Unit shall commence on its Delivery Date and continue as specified in the Appendix.
TERM, RENT AND PAYMENT. (a) The rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("LEASE COMMENCEMENT DATE"). The term of this Agreement shall be the period specified in the applicable Schedule. If any term is extended, the word "term" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing. (b) Rent shall be paid to Lessor at its address stated on the applicable Schedule, except as otherwise directed in writing by Lessor. Payments of rent shall be in the amount set forth in, and due in accordance with, the provisions of the applicable Schedule. If one or more Advance Rentals (as defined on the applicable Schedule) are payable, such Advance Rental shall be (i) set forth on the applicable Schedule, (ii) due upon acceptance by Lessor of such Schedule, and (iii) when received by Lessor, applied to the first rent payment and the balance, if any, to the final rental payment(s) under such Schedule. In no event shall any Advance Rental or any other rent payments be refunded to Lessee. If rent is not paid within five days of its due date, Lessee agrees to pay a late charge of five cents ($0.05) per dollar on, and in addition to, the amount of such rent but not exceeding the lawful maximum, if any.
