Monthly Rental Fee definition

Monthly Rental Fee means the sum total of the monthly cost of all Equipment rented by the Lessor to the Lessee, computed by first multiplying the monthly rental cost of each applicable Equipment item by the number of those items rented, and then adding the totals of each of the multiplications together.

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Monthly Rental Fee means the recurring monthly rental fee, calculated by multiplying the monthly cost of a single Active Track set, or FPX10 device, as the case may be, as set out in the Rental Agreement, by the number of Active Track sets and/or FPX10 devices rented by the Lessor to the Lessee.

Monthly Rental Fee. Has the meaning set out in Annex F.

Examples of Monthly Rental Fee in a sentence

The Monthly Rental Fee will escalate by the CPI percentage, published by Statistics South Africa, in force on the anniversary date.
If the Lessor fails to restore the out of order Equipment within a reasonable period after having received written notification to do so, the Lessee’s obligation to pay the current Monthly Rental Fee will be suspended until such time as the Equipment is restored to working order.
Upon termination of this Agreement by Licensee other than at the end of a month, no refund of any portion of the applicable Monthly Rental Fee shall be made by Textron.
Notwithstanding Sections 3.1 and 3.2 above, Textron may notify Licensee not more frequently than annually that it seeks to increase the Monthly Rental Fee and/or other fees in light of changes in market conditions.
Customer’s obligation to pay the Monthly Rental Fee on the lost or completely destroyed Equipment (as determined by ▇▇▇▇▇▇▇.▇▇▇ in its sole discretion) shall cease as of the date of the notice of loss or destruction.

More Definitions of Monthly Rental Fee

Monthly Rental Fee means the monthly rental fee payable by the Lessee to the Lessor in consideration of the Lease as calculated in accordance with Schedule 3.

Monthly Rental Fee means the monthly fee mentioned in section 36(2).

Monthly Rental Fee means the fee paid pursuant to Section 5.1 (a) of the Lease Agreement.

Monthly Rental Fee. Has the meaning set out in Annex F. Ownership Transfer Date: Means the date of completion of the sale of the Plant, which shall take place when the conditions laid down in Section 20 are met. Plant: Means the photovoltaic power generation equipment, including without limitation, solar panels, mounting racks, brackets, substrates or supports, power inverters and micro-inverters, optimizers, service equipment, controls, switches, connections, conduit, wires and other equipment connected to the Delivery Point installed by the Contractor on the Site for the operation by the Client under the Agreement. Plant Site: Means the site on which the Plant is located within the boundaries of the Site as described in Annex B.

Monthly Rental Fee has the meaning set out in Schedule 3. “Monthly Service Fee” has the meaning set out in Schedule 4. “NRAST” has the meaning given to it in Clause 10.4.

Monthly Rental Fee. Has the meaning set out in Annex F. Plant: Means the photovoltaic power generation equipment, including without limitation, solar panels, mounting racks, brackets, substrates or supports, power inverters and micro-inverters, optimizers, service equipment, controls, switches, connections, conduit, wires and other equipment connected to the Delivery Point installed by the Contractor on the Site for the operation by the Client under the Agreement. Plant Site: Means the site on which the Plant is located within the boundaries of the Site as described in Annex B. Prudent Operating Practice: Means standards of practice obtained by exercising that degree of skill, diligence, prudence, and foresight which could reasonably be expected from a skilled and experienced person engaged in the same type of undertaking. Regulatory Approval: Means any permit, licence, authorisation, consent, decree, approval or other authority act legally required to be obtained from or provided by any Competent Authority. Site: Means the [premises/land] owned by the Client on which the industrial plant is located and operated by the Client, including all equipment, facilities, and material for the purpose of, or incidental or useful to the operation of the industrial plant as described in Annex A.

Monthly Rental Fee means the monthly fee set out in the table under the heading “Key Financial Information”;