Daily Rent definition

Daily Rent means, as to any Lease, an amount equal to the per diem Rent payable under the applicable Schedule (calculated on the basis of a 360 day year and 30 day months).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Daily Rent means one-thirtieth (1/30) of the Monthly Rent.

Daily Rent means the daily equivalent of the initial Basic Rent.

Examples of Daily Rent in a sentence

Lessee shall pay to Lessor interest upon the amount of any Daily Rent, Monthly Rent or other sums not paid by Lessee when due and owing under this Lease Agreement, from the due date thereof until paid, at the rate of one and one half (1-1/2) percent per month, but if such rate violates applicable law, then the maximum rate of interest allowed by such law.
No failure of Agent to enforce any term of this Agreement shall be deemed a waiver, nor shall any acceptance of a partial payment of Daily Rent or other charges payable by Guest under this Agreement be deemed a waiver of Agent's right to the full amount of Daily Rent and other charges payable by Guest under this Agreement.
If Party B fails to return the Premises within the time limit without Party A’s prior written consent, from the day next to the date of termination of this Contract to the date of actual return of the Premises, Party B shall pay Party A the occupancy fee at two times of the Daily Rent specified in Article 3.1.1, the property management fee and other fees due and payable by Party B for the use of the Premises.
Lessee will not be charged an additional electrical usage fee as it is included in the Daily Rent.
In addition to the Basic Rent and Daily Rent, Lessee shall pay Renewal Rent, if any, due as indicated in this Lease Agreement, or on any Equipment Schedule, or any Rider hereto or thereto.

More Definitions of Daily Rent

Daily Rent means the per diem amount set forth in the applicable Lease Schedule.

Daily Rent is determined by dividing the monthly Basic Rent for the Leased Item by thirty (30).

Daily Rent means any daily rent payable during the Term pursuant to this Sublease in a per diem amount equal to the product of (a) the Lessor’s Cost, multiplied by (b) the Daily Rent Percentage, for each day of the referenced period.

Daily Rent shall have the meaning set forth in Section 3 of the Lease. ---------- Default shall mean an event or circumstance which, after the giving of ------- notice or lapse of time, or both, would become an Event of Default.

Daily Rent. $213.86 Per Diem 5.5 RECOVERY PERIOD: 7 Years 5.6 PAYMENT DATE: _________________, and the first day of each month thereafter

Daily Rent means the Acquisition Cost multiplied by the rate used to calculate the Monthly Rent as shown on each Equipment Schedule, based on a 360 day year.";

Daily Rent means any daily rent payable during the Term pursuant to this Lease in a per diem amount equal to the product of (a) the Lessor’s Cost, multiplied by (b) the Daily Rent Percentage, for each day of the referenced period. Default shall mean an event or circumstance that, after the giving of notice or lapse of time, or both, would become an Event of Default. Defective Registration shall mean any failure to cause the Aircraft to be effectively registered with the Registry in the name of Lessor in accordance with the applicable Registration Requirements, for any reason whatsoever, including should such registration be revoked, canceled or expired or otherwise deemed to have ended or been invalidated pursuant to the Registration Requirements. Diminution Amount shall mean the amount by which (A) the Fair Market Sales Value of the Aircraft without such damage history, exceeds (B) the Fair Market Sales Value of the Aircraft with such damage history (and as to this sub- clause (B), without making the assumption in clause (iii)(B) of the definition of Fair Market Sales Value).