Lease Payment definition
Examples of Lease Payment in a sentence
The first Lease Payment (as specified in the applicable Schedule) is due on or after the date the Equipment is delivered to you.
You agree that we reserve the right to increase the maintenance and supplies portion of the Lease Payment and/or the Excess Image charge each year during the Term of the Schedule by an amount not to exceed fifteen percent (15%) of the Payment and/or the Excess Image charge in effect at the end of the prior annual period.
Failure by the Lessee to pay any Lease Payment required to be paid hereunder by the corresponding Lease Payment Date.
Upon the completion of such activities, Lessee shall have no further obligation to pay Lessor the Annual Lease Payment or any other amount under this Lease (other than payments due as of the effective date of termination and payments required by any provisions of this Lease that expressly survive termination).
The Lease Payment will increase by 3% per year effective on the Lease Agreement anniversary date.