Basic Rent definition

Basic Rent means Basic Rent as defined in Paragraph 6.
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.
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.

Examples of Basic Rent in a sentence

  • All amounts due hereunder in addition to the Basic Rent are deemed “Additional Rent.” Any reference to “Rent” herein includes Basic Rent and Additional Rent.

  • Lessee will pay Lessor Basic Rent monthly, in advance, and on the fifth day of the month without abatement, deduction, or offset.

  • If the damage or destruction was caused by the negligence or misconduct of Lessee and it is not an Insured Loss, Lessor will have the right to recover all of Lessor’s damages from Lessee, except as provided in the waiver of subrogation as set forth in Section 6.7, less any deductible, and including all Basic Rent that would otherwise have been due through the end of the Lease Term, mitigated only to the extent required by state law.

  • Lessor, at Lessor’s sole and absolute discretion, may allow Lxxxxx to defer Basic Rent, on terms that must be in writing and signed by Lessor to be enforceable.

  • If the Lessee is not then in Default of this Lease (as defined in Article 8), Lessee will have the option, in its sole discretion, to extend the Initial Lease Term (“Extension Option”) as follows: (a) for two (2) five-year renewal terms on the same terms and conditions as herein except for Basic Rent, which will be as described in Section 4.1 (each, an “Extension Term”).


More Definitions of Basic Rent

Basic Rent means the rent payable pursuant to Section 3.2;
Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.
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 amounts set forth on Exhibit B annexed to this 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.
Basic Rent means the basic rent amounts specified in the Basic Terms.
Basic Rent shall have the meaning set forth in Section 3 of the Lease.