Lease Premium Sample Clauses

Lease Premium. In consideration of the Grant made by BSHB in accordance with Article III hereinabove and other rights, privileges and benefits set forth herein, the Developer has paid to the BSHB Rs. {amount of Lease Premium to be filled up here} towards upfront lease premium (the "Lease Premium") and undertake implementation of the Project, in accordance with this Development Agreement.
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Lease Premium. Lessee hereby agrees to pay Lessor as a one-time, non-refundable lease rental payment on each Funding Date an amount equal to the Tranche A Discount, if any, resulting from the issuance by Lessor of Tranche A Notes on such Funding Date which amount shall be deemed earned by Lessor and due and owing as of such Funding Date and shall not constitute a pre-paid Lease Payment for any period after such Funding Date. Lessee may credit the aggregate amount of any such Tranche A Discounts against any amounts owed by Lessor to Lessee on such Funding Date.
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Lease Premium. Consideration in the form of Lease Premium shall be paid in accordance with the following requirements:
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Lease Premium. Lessee shall pay Lessor a one-time capitalized lease payment in the amount of seventy-five dollars ($75.00) (the “Lease Premium”) upon commencement of this Lease, plus Residual Receipts Rent, subject to the provisions contained in subsection 2.3(b) herein.
Sample 1
Lease Premium. In consideration of the Grant made by BSHB in accordance with Article III hereinabove and other rights, privileges and benefits set forth herein, the Developer has paid and agrees to pay to the BSHB Rs. {amount of Lease Premium to be} (the "Lease Premium") and undertake implementation of the Project, in accordance with this Development Agreement. For the avoidance of doubt, if the 50% of the Lease Premium has been paid but the Developer fails to pay to BSHB another sum of Rs towards balance 50%( fifty per cent) of aforesaid Lease Premium, the Authority reserves the right to terminate this Development Agreement and treat this as Developer Event of Default and forfeit the Lease Premium already paid. Further, it is clarified that the Lease Deed shall be executed only after the Developer has paid the entire amount of Lease Premium to the Authority.
Sample 1
Lease Premium a. In consideration of the Rights hereby granted, the Developer shall pay Lease Premium to NRDA before or simultaneously with execution of the Lease Deed for a Part Project Site in the manner set out in the table below: S No. Milestone Amount payable as Lease Premium 1 Effective Date Area of Part A Project Site x Development Premium = 121405 x [Development Premium] OR Simultaneous with the execution of Lease Deed for Part B Project Site, if executed beyond 5th Anniversary of Effective Date. Area of Part B Project Site x Development Premium x (1.10)n1 = 161873 x [Development Premium] x (1.10)n1 OR Simultaneous with the execution of Lease Deed for Part C Project Site, if executed beyond 8th Anniversary of Effective Date. Area of Part C Project Site x Development Premium x (1.10)n1 = 121405 x [Development Premium] x (1.10)n2 Where n1 = Number of days from date of expiry of 5th anniversary of execution of PDIA to the date of execution of lease agreement for Part B of Project Site / 365 n2 = Number of days from date of expiry of 8th anniversary of execution of PDIA to the date of execution of lease agreement for Part C of Project Site / 365 n3 = Number of days from date of execution of PDIA to the date of execution of lease agreement for Additional Land / 365
Sample 1

Related to Lease Premium

  • REINSURANCE PREMIUM A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the greater of the following:

  • Overtime Premium (a) Employees shall be entitled to payment of time and one-half (1-1/2X) the employee's basic straight time hourly rate for all authorized overtime work in excess of seven and one-half (7-1/2) hours in a tour of duty or in excess of the average full-time hours of work over the period scheduled by the Hospital. Such period for this purpose shall not exceed two (2) weeks. It is understood that no overtime will be paid where the time worked was a result of an exchange at shifts between employees. Overtime shall be distributed as equally as practical among those employees normally performing the type of work to be done on overtime. Notice of overtime work shall be given as soon as practically possible. It is understood and acknowledged that the Hospital has the right to require employees to perform reasonably authorized overtime work. Call-back shall not be considered as hours worked for purposes of this Article. Overtime premium will not be duplicated nor pyramided nor shall other premiums be duplicated nor pyramided nor shall the same hours worked be counted as part of the normal work week and also as hours for which the overtime premium is paid. Where an employee is required to work additional overtime contiguous to an overtime shift within a twenty-four (24) hour period, the employee will be compensated at the rate of double time his or her straight time hourly rate for all additional contiguous overtime hours worked.

  • Shift Premium Effective July 1, 2020, an employee shall be paid a shift premium of ninety-five cents (95c/ ) per hour for each hour worked between 1500 hours and 0700 hours provided that such hours exceed two (2) hours if worked in conjunction with the day shift.

  • BUYER’S PREMIUM A Buyer’s Premium fee of 10% of the Bid Price or $1,000 Auction Service Fee, whichever amount is greater, will be added to the High Bid amount. The High Bid amount plus the Buyer’s Premium equals the Total Purchase Price. SETTLEMENT to occur within 30 days from contract ratification date. PRE-BID OFFERS ACCEPTED via PHONE (000) 000-0000 or FAX (000) 000-0000

  • Night Premium For all time worked by employees, after 7 p.m. and before 7 a.m., by employees hired on or before August 5, 2005, a premium of twenty-five cents (25¢) per hour shall be paid.

  • Night Shift Premium Any employee who is required to work on any day when the majority of their working hours fall between 10.00 p.m. and 5.00 a.m., or who starts their shift prior to 5.00 a.m., shall be paid a premium, in addition to their regular, hourly rate, of one dollar and twenty-five cents ($1.25) per hour for all hours worked on the shift. Shift premium pay shall not be added to an employee’s hourly rate for the purpose of computing overtime. This clause shall not result in duplication of premiums.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Overtime Premiums All time worked before or after the regularly established working day shall be considered overtime and be paid for at one hundred and fifty (150%) percent of the employee's pro- rated hourly rate for the first two (2) hours and double the employee's regular hourly rate for each hour worked thereafter.

  • Rent On the date that Tenant executes this Lease, Tenant shall deliver to Landlord the original executed Lease, the Base Rent (which shall be applied against the Rent payable for the first month Tenant is required to pay Base Rent), and all insurance certificates or, alternatively, the letter required pursuant to Section 12.5 hereof, evidencing the insurance required to be obtained by Tenant under Section 12 of this Lease and under the provisions of Exhibit B hereto. Tenant agrees to pay Landlord, without prior notice or demand, or abatement (except as otherwise set forth in Sections 27 and 41 hereof), offset, deduction or claim, the Base Rent described on Page 1, payable in advance at Landlord's address shown on Page 1 on the Commencement Date and thereafter on the first (1st) day of each month throughout the Term of the Lease. In addition to the Base Rent set forth on Page 1, Tenant shall pay Landlord in advance, on the Commencement Date and thereafter on the first (1st) day of each month throughout the Term of this Lease, as Additional Rent, Tenant's Share of Operating Expenses, Tax Expenses, Common Area Utility Costs, and Utility Expenses. The term "Rent" whenever used herein refers to the aggregate of all these amounts. If Landlord permits Tenant to occupy the Premises to conduct business operations therein without requiring Tenant to pay rental payments for a period of time, the waiver of the requirement to pay rental payments shall only apply to waiver of the Base Rent and Tenant shall otherwise perform all other obligations of Tenant required hereunder. The Rent for any fractional part of a calendar month at the commencement or termination of the Lease term shall be a prorated amount of the Rent for a full calendar month based upon a thirty (30) day month. The prorated Rent shall be paid on the Commencement Date and the first day of the calendar month in which the date of termination occurs, as the case may be.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on October 22, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

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