Common use of TERM, RENT AND PAYMENT Clause in Contracts

TERM, RENT AND PAYMENT. (a) The rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement Date"). The term of this Agreement shall be the period specified in the applicable Schedule. If any term is extended, the word "term" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing.

Appears in 9 contracts

Samples: Master Lease Agreement (Dixie Group Inc), Master Lease Agreement (Diagnostic Retrieval Systems Inc), Master Lease Agreement (FSC Semiconductor Corp)

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TERM, RENT AND PAYMENT. (a) The rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement DateLEASE COMMENCEMENT DATE"). The term of this Agreement shall be the period specified in the applicable Schedule. If any term is extended, the word "termTERM" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing.

Appears in 3 contracts

Samples: Master Lease Agreement (Millennium Pharmaceuticals Inc), Master Lease Agreement (Guilford Pharmaceuticals Inc), Master Lease Agreement (Morton Industrial Group Inc)

TERM, RENT AND PAYMENT. (a) The rent payable hereunder (the "Rent") and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement Date"). The term Term of this Agreement (the "Term") shall be the period specified in the applicable Schedule. If any term Term is extended, the word "termTerm" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing.

Appears in 2 contracts

Samples: Master Lease Agreement (North Atlantic Energy Corp /Nh), Master Lease Agreement (Mail Well Inc)

TERM, RENT AND PAYMENT. (a) The rent payable hereunder (the "RENT") and Lessee's Lessees' right to use the Equipment shall commence on the date of execution by Designated Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement DateLEASE COMMENCEMENT DATE"). The term of this Agreement (the "TERM") shall be the period specified in the applicable Schedule. If any term Term is extended, the word "termTerm" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Master Lease Agreement (Precision Partners Inc)

TERM, RENT AND PAYMENT. (a) The rent payable hereunder (the "RENT") and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement DateLEASE COMMENCEMENT DATE"). The term of this Agreement (the "Term") shall be the period specified in the applicable Schedule. If any term Term is extended, the word "termTerm" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as otherwise may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Master Lease Agreement (Western Express Holdings, Inc.)

TERM, RENT AND PAYMENT. (a) The rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement Date"). The term of this Agreement shall be the period specified in the applicable Schedule. If any term is extended, the word "term" shall be deemed to refer to all extended termsterm, and all provisions provision of this Agreement shall apply during any extended termsterm, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Master Lease Agreement (Telco Systems Inc /De/)

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TERM, RENT AND PAYMENT. (a) The rent Rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Basic Term Commencement Date"). The term of this Agreement (the "Term") shall be the period specified in the applicable Schedule. If any term Term is extended, the word "termTerm" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as otherwise may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Master Lease Agreement (Metaldyne Corp)

TERM, RENT AND PAYMENT. (a) The rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement DateLEASE COMMENCEMENT DATE"). The term of this Agreement for any Equipment shall be the period specified in the applicable ScheduleSchedule for such Equipment. If any term is extended, the word "term" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Master Lease Agreement (North American Vaccine Inc)

TERM, RENT AND PAYMENT. (a) The rent payable hereunder and Lessee's right to use the Equipment shall commence on the date of execution by Lessee of the Certificate of Acceptance for such Equipment ("Lease Commencement DateLEASE COMMENCEMENT DATE"). The term of this Agreement shall be the period specified in the applicable Schedule. If any term is extended, the word "term" shall be deemed to refer to all extended terms, and all provisions of this Agreement shall apply during any extended terms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Master Lease Agreement (Headway Technologies Inc)

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