Common use of Interim Rent Clause in Contracts

Interim Rent. If the Acceptance Date with respect to any Schedule shall be other than the first day of the calendar month, Lessee shall make interim rental payments ("Interim Rent") for each day from and including the Acceptance Date, through and including the last day of the calendar month prior to the beginning of the Initial Lease Term in an amount equal to one-thirtieth of the monthly Rental Payment set forth on the Schedule. Such Interim Rent shall be due and payable on the first day of the calendar month following the month for which such payment is assessed.

Appears in 3 contracts

Samples: Master Lease Agreement (Homestead Com Inc), Master Lease Agreement Agreement (Quality Care Solutions Inc), Master Lease Agreement (Skydesk Inc)

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Interim Rent. If the Acceptance Date with respect to any Schedule shall be other than the first day of the calendar month, Lessee shall make interim rental payments ("Interim Rent") for each day from and including the Acceptance Date, through and including the last day of the calendar month prior to the beginning of the Initial Lease Term in an amount equal to one-thirtieth of the monthly Rental Payment set forth on the Schedule. Such Interim Rent shall be due and payable on the first day of the calendar month following the month for which such payment is assessed.

Appears in 1 contract

Samples: Master Lease Agreement (Coral Systems Inc)

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Interim Rent. If the Acceptance Date with respect to any Schedule shall be other than the first day of the a calendar month, Lessee shall make interim rental payments ("Interim Rent") for each day from and including the Acceptance Date, through and including the last day of the calendar month prior to the beginning of the Initial Lease Term in an amount equal to one-thirtieth of the monthly Rental Payment set forth on the Schedule. Such Interim Rent shall be due and payable on the first day of the calendar month following the month for which such payment is assessed.

Appears in 1 contract

Samples: Master Lease Agreement (Mortgage Com Inc)

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