Variable Lease Payment Sample Clauses

A Variable Lease Payment clause defines how lease payments may fluctuate based on certain factors or conditions during the lease term. Typically, these payments can change in response to metrics such as sales volume, inflation indices, or changes in market rates, and the clause will specify the method for calculating such adjustments. The core function of this clause is to provide flexibility in payment amounts, ensuring that lease costs can adapt to changing circumstances and fairly allocate financial risk between the parties.
POPULAR SAMPLE Copied 1 times
Variable Lease Payment. The Variable Lease Payment under each Agreement shall include the cost of Additional Services provided by the Lessor to the Lessee under the relevant Agreement, as well as the costs and other expenses (administrative and other) incurred by the Lessor in connection with his/her performance of the Agreement, including but not limited to: 10.4.1 Those related to state registration, state technical inspection and de-registration of the respective Leased Item, if the Lessor has been forced to do so instead of the Lessee for any reason; 10.4.2 Those related to the insurance of the relevant Leased Item pursuant to clause 9 hereof, which shall be carried out by the Lessor thereunder and the payments (other than zero) for which are not expressly included in the Fixed Lease Payment pursuant to the relevant Payment Schedule, as well as the costs incurred by the Lessor as a result of a change in the insurance premiums related to such insurance of the said Leased Item by the relevant Insurance Company; 10.4.3 Those related to the fact that the amount paid by the Lessor in Rubles of the Russian Federation under the relevant Purchase and Sale Agreement for the Leased Item is less than the Cost of the Leased Item in Rubles of the Russian Federation stipulated in the relevant Agreement due to the increase in the Exchange Rate from the date of the abovementioned Agreement to the date of transfer of funds by the Lessor to the Seller in payment for the Leased Item under the relevant Purchase and Sale Agreement; and/or those related to the difference in the Cost of the Leased Item under the relevant Agreement and the Purchase and Sale Agreement due to the increase in the Cost of the Leased Item under the said Purchase and Sale Agreement; 10.4.4 Interest of [***] per annum on the positive difference between the advance paid by the Lessor to the relevant Seller under the relevant purchase and sale agreement for the Leased Item and the amount of the relevant Advance Lease Payment paid by the Lessee to the Lessor for the period between the date when the advance payment was paid by the Lessor to such Seller under the said purchase and sale agreement and the relevant Lease Term Start Date; the said Variable Lease Payment may be invoiced on a monthly basis if the delivery of the Leased Item lasts for more than one month; 10.4.5 Costs for sending any documents or other items to the Lessee (by courier or other post at the Lessor’s choice); 10.4.6 Other reasonable costs and other expens...
View SourceView Similar (2)
Variable Lease Payment. The Lessee’s obligations to pay the Variable Lease Payment under each Agreement shall be due and payable in Rubles of the Russian Federation in accordance with clause 10.5 hereof.
View SourceView Similar (2)

Related to Variable Lease Payment

  • Lease Payments Tenant agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at month of , 20 or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.

  • PURCHASE PAYMENTS The initial Purchase Payment is due on the Certificate Date. It must be paid at Our Office in United States currency. Coverage under a Certificate does not take effect until We have accepted the initial Purchase Payment during a Certificate Owner's lifetime. Each Purchase Payment after the Certificate Date must be at least the amount shown on the Certificate Schedule. Provided the Certificate Value under a Certificate does not go to zero, a Certificate will stay in force until the Income Date even if a Certificate Owner make no payments after the initial one. We reserve the right to reject any subsequent Purchase Payment. An initial Purchase Payment is allocated to the Sub-accounts of the Variable Account, and to the Fixed Account if available, in accordance with the selections made by a Certificate Owner at the Certificate Date. Unless otherwise changed by a Certificate Owner, subsequent Purchase Payments are allocated in the same manner as the initial Purchase Payment. Allocation of Purchase Payments is subject to the terms and conditions imposed by Us. We reserve the right to allocate initial Purchase Payments to the Money Market Sub-account until the expiration of the Right to Examine Certificate period set forth on the first page of the Group Contract and the Certificate. The Group Contract, including the application, if any, and any attached rider or endorsement constitute the entire contract between the Group Contract Owner and Us. All statements made by the Group Contract Owner, any Certificate Owner or any Annuitant will be deemed representations and not warranties. No such statement will be used in any contest unless it is contained in the application signed by the Group Contract Owner or in a written instrument signed by the Certificate Owner, a copy of which has been furnished to the Certificate Owner, the Beneficiary or to the Group Contract Owner. Only Our President or Secretary may agree to change any of the terms of the Group Contract. Any changes must be in writing. Any change to the terms of a Certificate must be in writing and with Certificate Owner's consent, unless provided otherwise by the Group Contract and the Certificate. To assure that the Group Contract and the Certificate will maintain their status as a variable annuity under the Internal Revenue Code, We reserve the right to change the Group Contract and any Certificate issued thereunder to comply with future changes in the Internal Revenue Code, any regulations or rulings issued thereunder, and any requirements otherwise imposed by the Internal Revenue Service. The Group Contract Owner and the affected Certificate Owner will be sent a copy of any such amendment. We reserve the right, subject to compliance with the law as currently applicable or subsequently changed, to: (a) operate the Variable Account in any form permitted under the Investment Company Act of 1940, as amended, (the "1940 Act"), or in any other form permitted by law; (b) take any action necessary to comply with or obtain and continue any exemptions from the 1940 Act, or to comply with any other applicable law; (c) transfer any assets in any Sub-account to another Sub-account, or to one or more separate investment accounts, or the General Account; or to add, combine or remove Sub-accounts in the Variable Account; and (d) change the way We assess charges, so long as We do not increase the aggregate amount beyond that currently charged to the Variable Account and the Eligible Funds in connection with a Certificate. If the shares of any of the Eligible Funds should become unavailable for investment by the Variable Account or if in Our judgment further investment in such Portfolio shares should become inappropriate in view of the purpose of the Certificate, We may add or substitute shares of another mutual fund for the Portfolio shares already purchased under the Certificate. No substitution of Portfolio shares in any Sub-account may take place without prior approval of the Securities and Exchange Commission and notice to the affected Certificate Owners, to the extent required by the 1940 Act.

  • Rent Payment Tenant shall pay the Base Rent for the Premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the Premises. Additional rent means amounts determined under Section 19 of this Lease and any other sums payable by Tenant to Landlord under this Lease. Rent not paid when due shall bear interest at the rate of one-and-one-half percent per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord’s rights hereunder.

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

  • Rent Payments ▇▇▇▇▇▇ agrees to pay rent to the Landlord during the term of this Lease in equal monthly installments of $975, which shall be paid on or before the first day of the month. ▇▇▇▇▇▇ agrees that if rent is not paid in full on or before 1st day of the month, Tenant will pay a late charge of $97.50 as allowed by applicable Georgia law.The prorated rent from the commencement of this Lease to the first day of the following month is $975, which amount shall be paid at the execution of this Lease. ▇▇▇▇▇▇ agrees that rent shall be paid in lawful money of the United States via the ▇▇▇▇▇ Residents App. Rent payments shall be made payable to and mailed or delivered to the following address: P.O. Box 17942 Atlanta, GA 30316. All notices from Tenant to Landlord under this Lease and applicable Georgia law shall be delivered to the above address. ▇▇▇▇▇▇ agrees that rent will be deemed paid only once Landlord or Landlord’s agent receives the rent monies, either by mail or by delivery to the above address. If there are multiple Tenants signed to this Lease, all such Tenants are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. A judgment entered against one Tenant shall be no bar to an action against other Tenants.