Common use of Rent and Payment Clause in Contracts

Rent and Payment. Lessee's obligation to pay rent for the Equipment shall commence on the Commencement Date and continue for the Term. The Basic Rent set forth on the Lease Schedule shall be payable on the Commencement Date and on the same day of each month thereafter ("Rent Date"). Any amounts payable by Lessee, other than Basic Rent, shall be deemed Additional Charges and shall be payable on the Rent Date next following the date upon which they accrue or the last day of the Term, whichever is earlier. Lessee shall make all payments at the address of Lessor set forth above or at such other address as Lessor may designate in writing. As used herein, the term "Rent" shall mean all Basic Rent and Additional Charges.

Appears in 5 contracts

Samples: Master Lease Agreement (Showboat Marina Partnership), Indiana Master Capital Lease Agreement (Majestic Star Casino LLC), Master Lease Agreement (Santa Fe Gaming Corp)

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Rent and Payment. Lessee's obligation to pay rent for the Equipment shall commence on the Commencement Date and continue for the Term. The Basic Rent set forth on the Lease Schedule shall be payable on the Commencement Commence Date and on the same day of each month thereafter ("Rent Date"). Any amounts payable by Lessee, other than Basic Rent, shall be deemed Additional Charges and shall be payable on the Rent Date next following the date upon which they accrue or the last day of the Term, whichever is earlier. Lessee shall make all payments at the address of Lessor set forth above or at such other address as Lessor may designate in writing. As used herein, the term "Rent" shall mean all Basic Rent and Additional Charges.. 2.3

Appears in 1 contract

Samples: Master Lease Agreement (Nevstar Gaming & Entertainment Corp)

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Rent and Payment. Lessee's obligation to pay rent for the Equipment shall commence on the Commencement Date and continue for the Term. The Basic Rent set forth on the Lease Schedule shall be payable on the Commencement Date and on the same day of each month thereafter ("Rent Date"). Any amounts payable by Lessee, other than Basic Rent, shall be deemed Additional Charges and shall be payable on the Rent Date next following the date upon which they accrue or the last day of the Term, whichever is earlier. Lessee shall make all payments at the address of Lessor set forth above or at such other address as Lessor may designate in writing. As used herein, the term "Rent" shall mean all Basic Rent and Additional Charges.. 2.3

Appears in 1 contract

Samples: Master Lease Agreement (Elsinore Corp)

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