Examples of Basic Rent in a sentence

Notwithstanding anything to the contrary contained herein, should Lessee fail to pay any installment of Basic Rent or Additional Rent punctually on the due date thereof, Lessee shall pay to Lessor as additional rent, a late charge equal to five (5%) percent of such installment.
Any termination under this section shall have the same effect as termination of the term of this Lease or any renewal thereof, as if the date on which possession of the Premises is taken by the condemning authority were stated as the time for termination of the Lease term or any renewal thereof, and Lessor and Lessee shall account for Basic Rent, Additional Rent and other amounts payable by Lessee as of that date.
The Bonds will be payable by the Issuer solely out of the Basic Rent, proceeds and receipts and other security pledged hereby.
As described in Section 7.01 of the Lease Agreement, the Issuer will assign and pledge to the Purchaser all right, title and interest of the Issuer in and to the Lease Agreement (except for Unassigned Rights), including without limitation the right to receive payments of Basic Rent thereunder.
The Basic Rent is sufficient in amount to ensure the prompt payment of the principal and accrued interest on the Bonds and the entire amount of the Basic Rent is pledged to the payment of principal and accrued interest on the Bonds.

More Definitions of Basic Rent

Basic Rent means the rent payable pursuant to Section 3.2;

Basic Rent means the rent provided for under a written lease for the use or occupancy of premises, excluding separately stated amounts required to be paid under the lease for such items as real estate taxes, maintenance expenses or fuel adjustments.

Basic Rent means the basic rent amounts specified in the Basic Terms.

Basic Rent means the amounts set forth on Exhibit B annexed to this Lease.

Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2 hereof.

Basic Rent means, for any Lease Term, the rent payable pursuant to Section 3.1 of the Lease, determined in accordance with the following: each installment of Basic Rent payable on any Payment Date shall be in an amount equal to the sum of (A) the aggregate amount of Lender Basic Rent payable on such Payment Date, plus (B) the aggregate amount of Lessor Basic Rent payable on such Payment Date, in each case for the Leased Property or Properties that are then subject to the Lease.

Basic Rent means the rental described in Section 5.1 of the Lease.