Interim Rent definition

Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

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Interim Rent. For the period from and including the Lease Commencement Date to but not including the Basic Term Commencement Date ("Interim Period"), Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period. Interim Rent shall be due on NOT APPLICABLE.

Interim Rent means the pro-rata portion of Rent due for the period from the ------------ Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

Examples of Interim Rent in a sentence

• Interim Rent shall be due Lessor for each day in the Interim Term and shall equal the daily equivalent of the initial Base Rent.

• For the period from and including the Lease Commencement Date to the Basic Term Commencement Date ("Interim Period"), Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period.

• Payments received under any Lease will be applied, first, to interest, fees and other amounts owing, other than Interim Rent or Base Rent, then to Interim Rent or Base Rent, in order of Acceptance Date.

• No Interim Rent or Basic Rent shall be paid during the Preliminary Lease Term.

• The Owner Trustee or the Owner Participant may cure any default by the Company under the Lease arising from the failure of the Company to make any payment of Interim Rent or Basic Rent under the Lease, provided that such failure of the Company is not the third consecutive such failure, or the fifth or subsequent cumulative such failure.

More Definitions of Interim Rent

Interim Rent is defined in Schedule 1 to the Lease.

Interim Rent means the rent identified as Interim Rent in and payable pursuant to Section 3.3.

Interim Rent means the prorata portion of Rent due for the period from the Acceptance Date through but not including the first day of the first full Rent Interval of the Base Term.

Interim Rent amounts payable with respect to the period between the Commencement Date and the first Rent Payment Due Date, based on a 30-day month and the number of days between the Commencement Date and the first Rent Payment Due Date. Payments are to be made on each and every Rent Payment Due Date shown on the Schedule until the total number of payments have been made. The first rent payment with respect to each Schedule is due upon (i) Lessee's execution of a delivery receipt, if the Equipment described in that Schedule is motor vehicles, or (ii) upon Lessee's acceptance (as described in Section 9) of any Equipment other than motor vehicles described in that Schedule. Rent shall be paid on the dates specified in the Schedule at the office of Lessor or to such other person or at such other place as Lessor may from time to time designate in writing. In addition to the rent payments described above, Lessee shall pay the amount of any personal property taxes or other taxes and all maintenance, insurance and other costs and expenses with respect to the Equipment (including amounts, if any, required to be paid under Sections 14 and 16 of this Lease). If Lessee fails to make any such payment or pay any other expense required to be paid by Lessee pursuant to this Lease, Lessor, at its option, may pay such expense, which shall constitute additional rent and be due and payable from Lessee to Lessor upon demand thereof.

Interim Rent. The periodic rent payable for the Aircraft throughout the Interim Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Interim Term. The period commencing on the Owner Participant Payment Date and ending at the end of the day immediately preceding the Commencement Date.

Interim Rent means the amount payable by LESSEE to LESSOR pursuant to Section 5(A)(1) hereof.

Interim Rent. Interim Rent will accrue from each Lease Term Commencement until the next following first day of a month (unless the Lease Term Commencement is on the first day of a month). Interim Rent will be at the daily equivalent of the currently adjusted Monthly Rent Payment.