Basic Rent definition

Basic Rent means Basic Rent as defined in Paragraph 6.

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Basic Rent means, for the Basic Term, the rent payable for the Aircraft pursuant to Section 3(c) as adjusted as provided in Section 3(d) but subject always to the provisions of Section 3(d)(v) hereof and, for any Renewal Term, Basic Rent determined pursuant to Section 19.

Basic Rent means, the sum of (a) the Loan Basic Rent and (b) the Lessor Basic Rent, calculated as of the applicable date on which Basic Rent is due.

Examples of Basic Rent in a sentence

Under this scenario, (A) Basic Rent payable under this Agreement shall be adjusted in accordance with the Basic Rent Adjustment and (B) Lessee shall have no obligation to pay Maintenance Rent to Lessor in respect of such Substitute Major Part beginning on the date of installation of such Substitute Major Part.
If ▇▇▇▇▇▇ is not able to redeliver the Aircraft in accordance with the immediately preceding sentence on the new Expiry Date, then for the first 30 days following such new Expiry Date, Basic Rent shall continue to accrue at the Basic Rent rate and not at the escalated Basic Rent rate set forth in clause 21.4.1 (provided that from and after the 31st day following such new Expiry Date, if the Aircraft has not been redelivered, Basic Rent shall accrue at the rate set forth in clause 21.4.1).
On each Basic Rent Date during the Lease Term, Lessee shall pay Basic Rent to Lessor in advance.
If any amount paid or recovered in respect of the liabilities of Lessee under the Transaction Documents is less than the amount then due, Lessor may apply such sum to Basic Rent, Supplemental Rent, interest, fees or any other amount due under this Agreement in such proportions and order and generally in such manner as Lessor shall determine.
If ▇▇▇▇▇▇ fails to pay any Supplemental Rent, Lessor shall have all the same rights, powers and remedies provided for in the Transaction Documents or under applicable law as in the case of non-payment of Basic Rent.

More Definitions of Basic Rent

Basic Rent means the rent payable pursuant to Section 3.2;

Basic Rent means the rent provided for under a written lease for the use or occupancy of premises, excluding separately stated amounts required to be paid under the lease for such items as real estate taxes, maintenance expenses or fuel adjustments.

Basic Rent means the basic rent amounts specified in the Basic Terms.

Basic Rent means the amounts set forth on Exhibit B annexed to this Lease.

Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

Basic Rent means the rental described in Section 5.1 of the Lease.

Basic Rent means, for any Lease Term, the rent payable pursuant to Section 3.1 of the Lease, determined in accordance with the following: each installment of Basic Rent payable on any Payment Date shall be in an amount equal to the sum of (A) the aggregate amount of Lender Basic Rent payable on such Payment Date, plus (B) the aggregate amount of Lessor Basic Rent payable on such Payment Date, in each case for the Leased Property or Properties that are then subject to the Lease.