Base Rental Payment Date definition

Base Rental Payment Date means any date on which Base Rental is scheduled to be paid hereunder, being May 25 and November 25 of each year, commencing on 25, 2013 (subject to the provisions of Section 3.07 hereof).

Base Rental Payment Date means the 1st day of each June and December during the term of the Lease.

Base Rental Payment Date means the day that is fifteen days before one of the dates in the “Base Rental Payment Date” column in Exhibit B hereto, as from time to time amended or supplemented.

Examples of Base Rental Payment Date in a sentence

• Each Base Rental Payment shall be made no later than the Base Rental Payment Date on which such Base Rental Payment is due.

• Subject to the provisions of Sections 3.05 and 7.02 hereof, the City shall pay on each Base Rental Payment Date to RCTC as Base Rental Payments an amount equal to the difference, if any, between the amount payable as an Advance Repayment on the immediately preceding payment date and the amount of Local Streets and Roads Funding actually applied by RCTC to repay the Advance pursuant to Section 3.2.A. of the Advance Agreement .

• The TJPA hereby agrees to pay, from legally available funds, to the City the aggregate Maximum Base Rental for all Components for each Base Rental Period on the respective Base Rental Payment Date subject to reduction pursuant to Section 3.1(b) hereof.

• Such legally available funds shall be applied to such prepayment on the Base Rental Payment Date first occurring after the date on which the City gave, or was required to give, in accordance with subsection (a) of Section 5.01 hereof, written notice to the Corporation of such election by the City.

• The principal component of each Base Rental payment that is not paid on the Base Rental Payment Date therefor shall continue to bear interest at the rate then borne by such principal component from the Base Rental Payment Date until the same is paid.

More Definitions of Base Rental Payment Date

Base Rental Payment Date means any of the following: (a) for the interest component of the Base Rental Payments, each February 1 and August 1, commencing ; provided, however, that during any period in which such Base Rental Payment evidences interest at the Default Rate, the interest component of the Base Rental Payments will be, unless otherwise specified in this Sublease, payable on the first Business Day of each calendar month and the date on which, in accordance with the provisions hereof, the Base Rental Payments cease to evidence interest at the Default Rate; (b) for the principal component of the Base Rental Payments, any date on which the principal component of the Base Rental Payments is scheduled to become due and payable pursuant to this Sublease; and (c) for both the interest component and principal

Base Rental Payment Date means each July 1 commencing July 1, 2017, during the Leaseback Lease Term (as hereinafter defined).

Base Rental Payment Date means April [5], 2019 for the first Base Rental Period, and, thereafter, each July 15 commencing July 15, 2019, during the Sublease Term.

Base Rental Payment Date means April 1 and October 1 in each Fiscal Year during the Lease Term, commencing October 1, 2021.

Base Rental Payment Date means 15th day of the month preceding each Interest Payment Date.

Base Rental Payment Date means the quarterly payment date in which the Public Schools Capital Outlay Council ("PSCOC") awards Lessee rental reimbursement funds pursuant to XXXX 0000, § 2-24-4, or the next banking day . However, the Base Rental Payment Date for the month in which the PSCOC awards Lessee rental reimbursement funds means the next banking day after such award.

Base Rental Payment Date means June 1 and December 1 in each year during the Term of this Sublease Agreement, commencing December 1, 2017.