LESSOR RENT definition
LESSOR RENT means, with respect to any Payment Date, the amount set forth in Schedule 4 to the Participation Agreement with respect to such Payment Date.
LESSOR RENT means, with respect to any Payment Date, the amount set forth in Schedule 4 to the Participation Agreement with respect to such Payment Date. "LESSOR'S COST" means the amount paid by Owner Trustee to Existing Lessor to purchase the Aircraft pursuant to the Participation Agreement, and is designated by Dollar amount in Schedule 3 to the Participation Agreement.
Examples of LESSOR RENT in a sentence
IN ADDITION TO LESSOR'S OTHER RIGHTS AND REMEDIES HEREUNDER, IF THE EQUIPMENT IS NOT RETURNED IN A TIMELY FASHION, OR IF REPAIRS ARE NECESSARY TO PLACE THE EQUIPMENT IN THE CONDITION REQUIRED IN THIS SECTION, LESSEE SHALL CONTINUE TO PAY TO LESSOR RENT AT THE SAME MONTHLY RATE FOR THE PERIOD OF DELAY IN REDELIVERY, OR THE COST OF SUCH REPAIRS, AS APPLICABLE.
LESSEE shall pay LESSOR RENT for the use and occupancy of the PREMISES.