Term and Basic Rent. The Term shall commence on the Initial Borrowing Date and end on the seventh anniversary of the Initial Borrowing Date or such earlier date as this Lease may be terminated in accordance with the provisions hereof. Basic Rent shall accrue during the Term in accordance with Exhibit B hereto. Lessee shall pay to Lessor on each Basic Rent Payment Date an amount of Basic Rent specified opposite each Basic Rent Payment Date on Exhibit B hereto as such amounts may be adjusted pursuant to Section 3 plus accrued interest on Basic Rent previously accrued but unpaid as specified on Exhibit B.
Term and Basic Rent. The Term for the Aircraft or Equipment shall include the Interim Term, the Basic Term and the Extended Term for such Aircraft or Equipment. The Interim Term shall be the period commencing on the date hereof and ending on January 1, 1985. The Basic Term shall be the period commencing on January 2, 1985, and ending on January 2, 2000. The Basic Term Commencement Date shall be January 2, 1985. The Extended Term shall be the period commencing on January 2, 2000, and ending on July 2, 2002. The Extended Term Commencement Date shall be January 2, 2000. Lessee hereby agrees to make payments to Lessor of Basic Rent for the Aircraft or Equipment semiannually in arrears on each January 2 and July 2 throughout the Term for such Aircraft or Equipment, in immediately available funds, commencing on July 2, 1985, equal to, with respect to payments to be paid through January 2, 1990, 5.023453 percent of the Lessor's Cost, with respect to the payments to be paid from July 2, 1990, through January 2, 2000, 6.129262 percent of Lessor's Cost, and with respect to the payments to be paid from July 2, 2000, through July 2, 2002 US$566,084.45.
Term and Basic Rent. (a) The Equipment shall be leased by the Seller to the Buyer for the Interim Lease Term.
Term and Basic Rent. The Lessor, in consideration of the agreements and covenants hereinafter set forth, does hereby grant, demise and lease unto the said Lessee, its successors and assigns, space in the following described buildings (#_____________) containing approximately _________________ square feet, commonly known as 4575 Xxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxx, xxreinafter called the "Leased Premises." TO HAVE AND TO HOLD the same unto the Lessee, its successors and assigns, for a term of___ years commencing with the day of _______________, 19__ and ending _____________, 19__, unless sooner terminated as hereinafter provided.
Term and Basic Rent. The Term, which commenced on the Initial Borrowing Date, shall end on the Final Maturity Date or such earlier date as this Lease may be terminated in accordance with the provisions hereof. Basic Rent shall accrue during the Term in accordance with Exhibit B hereto. The Lessee shall pay to the Lessor on each Basic Rent Payment Date an amount of Basic Rent specified opposite each Basic Rent Payment Date on Exhibit B hereto as such amounts may be adjusted pursuant to Section 3 plus accrued interest on Basic Rent previously accrued but unpaid as specified on EXHIBIT B.
Term and Basic Rent. The ------------------------------ ------------------- Interim Term commenced on the Delivery Date and ended at 12:01 a.m. EST or EDT, as the case may be, on the Basic Term Commencement Date. The Basic Term shall commence upon the expiration of the Interim Term and shall end at 11:59 pm. EST or EDT, as the case may be, on the twenty-third anniversary of the Basic Term Commencement Date, or such earlier date on which this Lease is terminated as provided herein. Throughout the Basic Term on each semi-annual date that corresponds to the Basic Term Commencement Date (each such date and, if Lessee exercises its option to renew this Lease pursuant to Section 5(a), the corresponding dates in April and October during the Renewal Term, if any, being referred to herein as a "Payment Date"), Lessee shall pay to Lessor in immediately available funds Basic Rent in the amount specified in Exhibit C for such date as such amount may be adjusted pursuant to Section 3(c). Anything herein or in the Participation Agreement to the contrary notwithstanding, on each Payment Date, Lessee shall pay as Basic Rent that amount which, under the circumstances and in any event, is at least sufficient to pay in full, as of such Payment Date, the aggregate principal amount of due and unpaid installments on the Certificates outstanding on such Payment Date, together with the accrued and unpaid interest thereon.
