Common use of Facility Rent Clause in Contracts

Facility Rent. On each Rent Payment Date, the Lessee shall, until (i) the Lease Balance shall be paid in full on the Lease Termination Date, or (ii) the payment by Lessee of the Recourse Deficiency Amount on the Scheduled Termination Date and the fulfillment of the provisions of clauses (i) through (xiii) of Section 15.6, pay installments of Facility Rent in arrears with respect to the period elapsed since, in the case of the first Rent Payment Date, the initial Closing Date, and in the case of each subsequent Rent Payment Date, the immediately preceding Rent Payment Date, and each such installment shall be in an amount which equals the Contribution Return then accrued and unpaid. In addition, the Lessee shall pay as Facility Rent an amount equal to the Lessor's Breakage Costs, if any, which at any time shall be payable pursuant to this Lease or the Operative Documents.

Facility Rent. On each Rent Payment Date, the Lessee shall, until (i) the Lease Balance shall be paid in full on the Lease Termination Date, or (ii) the payment by Lessee of the Recourse Deficiency Amount on the Scheduled Termination Date and the fulfillment of the provisions of clauses CLAUSES (i) through (xiii) of Section SECTION 15.6, pay installments of Facility Rent in arrears with respect to the period elapsed since, in the case of the first Rent Payment Date, the initial Closing Date, and in the case of each subsequent Rent Payment Date, the immediately preceding Rent Payment Date, and each such installment shall be in an amount which equals the Contribution Return then accrued and unpaid. In addition, the Lessee shall agrees to pay as Facility Rent an amount equal to the Lessor's Breakage Costs in the event of the imposition of such Lessor's Breakage Costs, if any, which at any time shall be payable pursuant to this Lease or the Operative Documents.