Common use of Rent and Other Payments Clause in Contracts

Rent and Other Payments. (a) The Lessee hereby agrees to pay the Lessor on each Basic Rent Payment Date, in immediately available funds, as provided in paragraph (e) of this Section 7, Basic Rent for the semi-annual period (or part thereof) ending in the month in which such Basic Rent Payment Date falls; PROVIDED that, if the Effective Date is on or after the Lease Rate Date in any first partial semi-annual period of the Initial Term, Basic Rent for such partial semi-annual period shall be payable on the next succeeding Basic Rent Payment Date.

Appears in 1 contract

Samples: Lease Agreement (Consolidated Edison Inc)

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Rent and Other Payments. (a) The Lessee hereby agrees to pay the Lessor on each Basic Rent Payment Date, in immediately available funds, as provided in paragraph (e) of this Section 7, Basic Rent for the semi-annual period (or part thereof) ending in the month in which such Basic Rent Payment Date falls; PROVIDED provided that, if the Effective Date is on or after the Lease Rate Date in any first partial semi-annual period of the Initial Lease Term, Basic Rent for such partial semi-annual period shall be payable on the next succeeding Basic Rent Payment Date.

Appears in 1 contract

Samples: Lease Agreement (PPL Electric Utilities Corp)

Rent and Other Payments. (a) The Lessee hereby agrees to pay the Lessor (i) on each Basic Rent Payment Date, in immediately available funds, as provided in paragraph (e) of this Section 7, Basic Rent for the semi-annual quarterly period (or part thereof) ending in the month in which on such Basic Rent Payment Date fallsDate, with respect to each Parcel of Property or Unit of Equipment; PROVIDED PROVIDED, that, if the Effective Date is on or after the first Lease Rate Date in any first partial semi-annual period of the Initial Termwith respect to such Parcel or Unit, Basic Rent for such the applicable partial semi-annual quarterly period shall be payable on the next succeeding Basic Rent Payment Date.

Appears in 1 contract

Samples: Lease Agreement (Travelcenters of America Inc)

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Rent and Other Payments. (a) The Lessee hereby agrees to pay the Lessor on each Basic Rent Payment Date, in immediately available funds, as provided in paragraph (e) of this Section 7, Basic Rent for the semi-annual period calendar month (or part thereof) ending in the month in which such Basic Rent Payment Date falls; PROVIDED provided that, if the Effective Date is on or after the Lease Rate Date in any first partial semi-annual monthly period of the Initial Term, Basic Rent for such partial semi-annual monthly period shall be payable on the next succeeding Basic Rent Payment Date.

Appears in 1 contract

Samples: Lease Agreement (Black Hills Corp /Sd/)

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