Common use of BASIC RENT AND RENT ARREARAGE Clause in Contracts

BASIC RENT AND RENT ARREARAGE. Lessee shall pay to Lessor Basic Rent in respect of each Rental Period pursuant to Clause 5.3 of the Lease Agreement in an amount equal to $100,000. Lessee may accrue arrearages of Basic Rent during the Term from the date hereof to a date on or before September 27, 1996 (THE "RENT ARREARAGE"); provided, however, that the Rent Arrearage shall not exceed $12,500 per month and, in the aggregate for the lease of all Aircraft by Lessee from the Lessors, such aggregate Rent Arrearage shall not exceed a total of $350,417,00. Any Rent Arrearage accrued by Lessee shall be subject to a fixed rate of interest of 10.44% which interest shall be calculated from the date Basic Rent shall be otherwise due and payable to the date of payment of the Rent Arrearage. The full amount of Rent Arrearage and any

BASIC RENT AND RENT ARREARAGE. Lessee shall pay to Lessor Basic Rent in respect of each Rental Period pursuant to Clause 5.3 of the Lease Agreement in an amount equal to $100,000122,500. Lessee may accrue arrearages of Basic Rent during the Term from the date hereof to a date on or before September 27, 1996 (THE "RENT ARREARAGE"); provided, however, that the Rent Arrearage shall not exceed $12,500 per month and, in the aggregate for the lease of all Aircraft by Lessee from the Lessors, such aggregate Rent Arrearage shall not exceed a total of $350,417,00350,417.00. Any Rent Arrearage accrued by Lessee shall be subject to a fixed rate of interest of 10.44% which interest shall be calculated from the date Basic Rent shall be otherwise due and payable to the date of payment of the Rent Arrearage. The full amount of Rent Arrearage and any

BASIC RENT AND RENT ARREARAGE. Lessee shall pay to Lessor Basic Rent in respect of each Rental Period pursuant to Clause 5.3 of the Lease Agreement in an amount equal to $100,000115,000. Lessee may accrue arrearages of Basic Rent during the Term from the date hereof to a date on or before September 27, 1996 (THE "RENT ARREARAGE"); provided, however, that the Rent Arrearage shall not exceed $12,500 per month and, in the aggregate for the lease of all Aircraft by Lessee from the Lessors, such aggregate Rent Arrearage shall not exceed a total of $350,417,00. Any Rent Arrearage accrued by Lessee shall be subject to a fixed rate of interest of 10.44% which interest shall be calculated from the date Basic Rent shall be otherwise due and payable to the date of payment of the Rent Arrearage. The full amount of Rent Arrearage and any

BASIC RENT AND RENT ARREARAGE. Lessee shall pay to Lessor Basic Rent in respect of each Rental Period pursuant to Clause 5.3 of the Lease Agreement in an amount equal to $100,000122,500. Lessee may accrue arrearages of Basic Rent during the Term from the date hereof to a date on or before September 27, 1996 (THE "RENT ARREARAGE"); provided, however, that the Rent Arrearage shall not exceed $12,500 per month and, in the aggregate for the lease of all Aircraft by Lessee from the Lessors, such aggregate Rent Arrearage shall not exceed a total of $350,417,00. Any Rent Arrearage accrued by Lessee shall be subject to a fixed rate of interest of 10.44% which interest shall be calculated from the date Basic Rent shall be otherwise due and payable to the date of payment of the Rent Arrearage. The full amount of Rent Arrearage and any