Common use of TERM, RENT AND PAYMENT Clause in Contracts

TERM, RENT AND PAYMENT. (a) The rent ("Rent") payable hereunder and Lessee's right to use the Aircraft shall commence on the date of execution by Lessee of the Certificate of Acceptance ("Commencement Date"). The term ("Term") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereof, until and including the Expiration Date stated in Annex B. If any term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal terms, and all provisions of this Lease shall apply during any such extension or renewal terms, except as may be otherwise specifically provided in writing.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Service Merchandise Co Inc), Aircraft Lease Agreement (Restaurant Co)

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TERM, RENT AND PAYMENT. (a) The rent ("RentRENT") payable hereunder for the Aircraft and Lessee's right to use the Aircraft shall commence begins on the date of execution by Lessee of signs the Certificate of Acceptance ("Commencement DateCOMMENCEMENT DATE"). The term ("TermTERM") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereofof this Lease, until and including the Expiration Date stated in Annex B. If any term Term is extended or renewed, the word "TermTERM" shall be deemed to refer to all extended or renewal termsTerms, and all provisions of this Lease shall apply during any such extension or renewal termsTerms, except as may be otherwise specifically provided in writing.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Restaurant Co), Aircraft Lease Agreement (Terayon Communication Systems)

TERM, RENT AND PAYMENT. (a) The rent ("Rent") payable hereunder for the Aircraft and Lessee's ’s right to use the Aircraft shall commence begins on the date of execution by Lessee of the Certificate of Acceptance ("Commencement Date"). The term ("Term") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereofof this Lease, until and including the Expiration Date stated in Annex B. If any term Term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal termsTerms, and all provisions of this Lease shall apply during any such extension or renewal termsTerms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Bristow Group Inc)

TERM, RENT AND PAYMENT. (a) The rent ("RentRENT") payable hereunder under this Lease and Lessee's right to use the Aircraft shall commence on the date Insured Aircraft Title Service files with the FAA the executed xxxx of execution by sale and Aircraft Registration Form and Lessee of executes the Certificate of Acceptance ("Commencement DateCOMMENCEMENT DATE"). The term ("TermTERM") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereofof this Lease, until and including the Expiration Date stated in Annex B. If any term Term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal termsTerms, and all provisions of this Lease shall apply during any such extension or renewal termsTerms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Centene Corp)

TERM, RENT AND PAYMENT. (a) The rent ("Rent") payable hereunder for the Aircraft and Lessee's right to use the Aircraft shall commence begins on the date of execution by Lessee of signs the Certificate of Acceptance ("Commencement Date"). The term ("Term") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereofof this Lease, until and including the Expiration Date stated in Annex B. expiration date of the Basic Term, and extension or renewal term, as applicable. If any term Term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal termsTerms, and all provisions of this Lease shall apply during any such extension or renewal termsTerms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Mandalay Resort Group)

TERM, RENT AND PAYMENT. (a) The rent ("Rent") payable hereunder and Lessee's right to use the Aircraft shall commence on the date of execution by Lessee of the Certificate of Acceptance ("Commencement Date"). The term ("Term") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereof, until and including the Expiration Date stated in Annex B. If any term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal terms, and all provisions of this Lease shall apply during any such extension or renewal terms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Metrotrans Corp)

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TERM, RENT AND PAYMENT. (a) The rent ("RentRENT") payable hereunder and Lessee's right to use the Aircraft shall commence on the date of execution by Lessee of the Certificate of Acceptance ("Commencement DateCOMMENCEMENT DATE"). The term ("TermTERM") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereof, until and including the Expiration Date stated in Annex B. If any term Term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal termsTerms, and all provisions of this Lease shall apply during any such extension or renewal termsTerms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Autocam Corp/Mi)

TERM, RENT AND PAYMENT. (a) The rent ("Rent") payable hereunder for the Aircraft and Lessee's right to use the Aircraft shall commence begins on the date of execution by Lessee of signs the Certificate of Acceptance ("Commencement Date"). The term ("Term") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereofof this Lease, until and including the Expiration Date stated in Annex B. If any term Term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal termsTerms, and all provisions of this Lease shall apply during any such extension or renewal termsTerms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Smart Choice Automotive Group Inc)

TERM, RENT AND PAYMENT. (a) The rent ("Rent") payable hereunder for the Aircraft and Lessee's right to use the Aircraft shall commence begins on the date of execution by Lessee of signs the Certificate of Acceptance ("Commencement Date"). The term ("Term") of this Lease shall commence on the Commencement Date and shall continue, unless earlier terminated pursuant to the provisions hereofof this Lease, until and including expiration date of the Expiration Date stated in Annex B. Basic Term and any extensions or renewal term, as applicable. If any term Term is extended or renewed, the word "Term" shall be deemed to refer to all extended or renewal termsTerms, and all provisions of this Lease shall apply during any such extension or renewal termsTerms, except as may be otherwise specifically provided in writing.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Mandalay Resort Group)

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