Common use of Payments of Rent Clause in Contracts

Payments of Rent. Unless otherwise set forth in the respective Schedule, the following shall apply: The first rental payment shall be due upon the Acceptance of the Equipment by Lessee, and such payment shall cover the lease month or other period commencing on the Commencement Date. Each subsequent rental payment shall be due and payable in advance, for the lease period covered by such payment, on the first day thereof. In the event Acceptance occurs prior to the Commencement Date, interim rental shall be paid by Lessee in the amount equal to a proration on a per diem basis of the Monthly Rent, as hereinafter defined, for the period commencing as of the date of Acceptance to the Commencement Date. All rental and other payments by Lessee under this Lease shall be made to Lessor at its address stated above or at such other address as Lessor may designate in writing and if payment shall be made by check, such check shall arrive at such address on or before the date the rental payment shall be due. Monthly rent payable with respect to each item of Equipment ("Monthly Rent") shall be set forth for such item in the applicable Schedule. Any and all amounts payable to Lessor hereunder other than Monthly Rent shall be considered and referred to herein as "Supplemental Rent." Monthly Rent, together with Supplemental Rent, shall be referred to herein as "Rent." This Lease provides for a net lease, and the Rent due hereunder from Lessee to Lessor shall be absolute and unconditional and shall not be subject to any abatement, recoupment, defense, claim, counterclaim, reduction, set-off, or any other adjustment of any kind for any reason whatsoever.

Payments of Rent. Unless otherwise set forth in the respective ScheduleSupplement, the following shall apply: The first rental payment shall be due upon the Acceptance of the Equipment by Lessee, and such payment shall cover the lease month or other period commencing on the Supplement Commencement Date. Each subsequent Subsequent rental payment shall be due and payable in advance, for the lease period covered by such payment, on the first day thereof. In the event Acceptance occurs prior to the Supplement Commencement Date, interim rental shall be paid by Lessee in the amount equal to a proration on a per diem them basis of the Monthly Rent, as hereinafter defined, for the period commencing as of the date of Acceptance to the Supplement Commencement Date. All rental and other payments by Lessee under this Lease shall be made to Lessor at its address stated above or at such other address as Lessor may designate in writing and if payment shall be made by check, such check shall arrive at such address in sufficient time so that the same shall arrive on or before the date the rental payment shall be due. Monthly rent payable with respect to each item of Equipment ("Monthly Rent") shall be as set forth for such item in the applicable ScheduleSupplement. Any and all amounts payable to Lessor hereunder other than Monthly Rent shall be considered and referred to herein as "Supplemental Rent." . Monthly Rent, together with Supplemental Rent, shall be referred to herein as "Rent." ". This Lease provides for a net lease, and the Rent rent due hereunder from Lessee to Lessor shall be absolute and unconditional and shall not be subject to any abatement, recoupment, defense, claim, counterclaim, reduction, set-off, or any other adjustment of any kind for any reason whatsoever. 3.

Payments of Rent. Unless otherwise set forth in the respective ScheduleSupplement, the following shall apply: The first rental rent payment shall be due upon the Acceptance of the Equipment by Lessee, and such payment shall cover the lease month or other period commencing on the Supplement Commencement Date. Each subsequent rental rent payment shall be due and payable in advance, for the lease period covered by such payment, on the first day thereof. In the event Acceptance occurs prior to the Supplement Commencement Date, interim rental shall be paid by Lessee in the amount equal to a proration on a per diem basis of the Monthly Rent, as hereinafter defined, for the period commencing as of the date of Acceptance to the Supplement Commencement Date. All rental rent and other payments by Lessee under this Lease shall be made to Lessor at its address stated above or at such other address as Lessor may designate in writing and if payment shall be made by check, such check shall arrive at such address in sufficient time so that the same shall arrive on or before the date the rental rent payment shall be due. Monthly rent payable with respect to each item of Equipment ("Monthly Rent") shall be as set forth for such item in the applicable ScheduleSupplement. Any and all amounts payable to Lessor hereunder other than Monthly Rent shall be considered and referred to herein as "Supplemental Rent." ". Monthly Rent, together with Supplemental Rent, shall be referred to herein as "Rent." ". This Lease provides for a net lease, and the Rent due hereunder from Lessee to Lessor shall be absolute and unconditional and shall not be subject to any abatement, recoupment, defense, claim, counterclaimcounter-claim, reduction, set-off, or any other adjustment of any kind for any reason whatsoever. Lessee and Lessor acknowledge that the Equipment may include certain operating, application and/or other software ("Software") in which Lessor and Lessee have no ownership or other proprietary rights. Where required by the Software owner or manufacturer, Lessee shall enter into a license or other agreement for the use of the Software on commercially reasonable terms. Any Software agreement shall be separate and distinct from the Lease, and Lessor shall not have any obligations thereunder unless otherwise agreed in writing by Lessor. In the event the Monthly Rent includes an amount attributable to the financing by Lessor of Lessee's fee for the use of the Software or other non-hardware items, Lessee agrees that such amounts shall be deemed part of the Monthly Rent under the Supplement Lessee shall be responsible for the payment of, and shall indemnify Lessor against, any Software license or transfer fees and any certification or similar fees or charges imposed by the supplier of the Equipment, Software or any third party upon Lessor or Lessor' s subsequent end-user of any Item of Equipment following the return of any such Item to Lessor. Lessee shall also be solely responsible for compliance with the terms of any Software licenses throughout the Lease Term and until the Equipment is returned to Lessor and shall indemnify, defend and hold Lessor harmless from any claims by the licensor or any person of breach or violation of such licenses.

Payments of Rent. Unless otherwise set forth in the respective ScheduleSupplement, the following shall apply: The first rental payment shall be due upon the Acceptance of the Equipment by Lessee, and such payment shall cover the lease month or other period commencing on the Supplement Commencement Date. Each subsequent rental payment shall be due and payable in advance, for the lease period covered by such payment, on the first day thereof. In the event Acceptance occurs prior to the Supplement Commencement Date, interim rental shall be paid by Lessee in the amount equal to a proration on a per diem basis of the Monthly Rent, as hereinafter defined, for the period commencing as of the date of Acceptance to the Supplement Commencement Date. Notwithstanding the provision of any notice contemplated by Section 1 above, in the event that any Item of Equipment is not returned at the expiration of any Supplement, Lessor shall be entitled without notice or demand to receive Supplemental Rent for each day that such return is delayed at the rate of 200% of the daily proration of Monthly Rent. All rental and other payments by Lessee under this Lease shall be made to Lessor at its address stated above or at such other address as Lessor may designate in writing and if payment shall be made by check, such check shall arrive at such address in sufficient time so that the same shall arrive on or before the date the rental payment shall be due. Monthly rent payable with respect to each item of Equipment ("Monthly Rent") shall be as set forth for such item Item in the applicable ScheduleSupplement. Any and all amounts payable to Lessor hereunder other than Monthly Rent shall be considered and referred to herein as "Supplemental Rent." ". Monthly Rent, together with Supplemental Rent, shall be referred to herein as "Rent." ". This Lease provides for a net lease, and the Rent due hereunder from Lessee to Lessor shall be absolute and unconditional and shall not be subject to any abatement, recoupment, defense, claim, counterclaimcounter-claim, reduction, set-off, or any other adjustment of any kind for any reason whatsoever.