Last Basic Rent Date definition
Examples of Last Basic Rent Date in a sentence
The Basic Rent for all Items of Equipment on this Schedule shall be $2,466.67 per month and shall be payable on the first day of each calendar month (to and including the Last Basic Rent Date identified on the relevant Certificate of Acceptance), or, when the first day of the month falls on a nonbusiness day, the first business day thereafter (each such date referred to as a "Basic Rent Date").
On the next Basic Rent Date following such Event of Loss (or, if the Event of Loss occurs after the Last Basic Rent Date, within thirty (30) days after the Event of Loss), Lessee will pay to Lessor an amount equal to the sum of (A) all Rent then due hereunder, plus (B) the Casualty Value of the Aircraft determined as of such next Basic Rent Date or the Last Basic Rent Date, as applicable.
On the next Basic Rent Date following the date of such notice (or, if such Event of Loss occurs after the Last Basic Rent Date, within thirty (30) days after such notice), Lessee shall pay to Lessor any Rent then due, plus the Casualty Value of the Aircraft determined as of the Basic Rent Date immediately following the date of such Event of Loss, together with interest at the Late Payment Rate for the period (if any) from the Basic Rent Date following the date of such notice through the date of payment.
On the next Basic Rent Date following the date of such notice (or, if such Event of Loss occurs after the Last Basic Rent Date, within thirty (30) days after such notice), Lessee shall pay to Lessor any Rent then due, plus the Casualty Value of the Aircraft determined as of the Basic Rent Date immediately following the date of such notice, together with interest at the Late Payment Rate for the period (if any) from the Basic Rent Date following the date of such notice through the date of payment.
The following terms shall have the respective meanings set forth for such terms in Schedules No. 2 and 2- A for all purposes of the Lease: Basic Rent Date, Basic Rent Percentage, Basic Term, Expiration Date, First Basic Rent Date, Last Basic Rent Date, Lessor’s Cost and Rent Commencement Date.
The following terms shall have the respective meanings set forth for such terms in Schedules No. 2 and 2-A for all purposes of the Sublease: Basic Rent Date, Basic Rent Percentage, Basic Term, Renewal Term, Daily Rent Percentage, Expiration Date, First Basic Rent Date, Last Basic Rent Date, Lessor’s Cost and Rent Commencement Date.
Basic Rent Date: the First day of each and every calendar month from and including the First Basic Rent Date through the Last Basic Rent Date.
Rent Commencement Date: May 1, 2002 Basic Term: 144 months commencing with the Rent Commencement Date through and including the Expiration Date Basic Rent Dates: the 1st day of each and every calendar month from and including the First Basic Rent Date through and including the Last Basic Rent Date First Basic Rent Date: May 1, 2002 Last Basic Rent Date: April 1, 2014 Expiration Date: April 30, 2014 Lessee’s Exact Legal Name: Copart, Inc.
On the first Basic Rent Date and each Basic Rent Date thereafter to and including the Last Basic Rent Date, Lessee shall pay Basic Rent to Lessor with respect to each Unit.