Renewal Rent definition

Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

Renewal Rent means the rent payable pursuant to Section 20.

Renewal Rent with respect to the Facility Lease, shall mean the rent payable during any Renewal Lease Term, in each case as determined in accordance with Section 15.4 of the Facility Lease.

Examples of Renewal Rent in a sentence

• All payments due from the Lessee under the Lease as Basic Rent, Renewal Rent and Supplemental Rent, collectively.

• The Lessee shall pay the Fixed Renewal Rent during any Fixed Renewal Term.

• Lessee's obligation to pay Supplemental Rent which is due and owing pursuant to the terms hereof shall survive the expiration or termination of Lessee's obligation to pay Basic Rent or Renewal Rent hereunder.

• In the event of any failure on the part of Lessee to pay any Supplemental Rent when due, Lessor shall have all rights, powers and remedies provided for herein or by law or equity or otherwise in the case of nonpayment of Basic Rent or Renewal Rent.

• The Renewal Rent for the Renewal Term shall be the "fair market rental value" of the Aircraft for such Renewal Term (the "renewal fair market rental value") as determined in accordance with the Appraisal Procedure.

More Definitions of Renewal Rent

Renewal Rent means the rent payable in respect of a Renewal Term determined pursuant to Section 18.1.

Renewal Rent. During the Renewal Term of the Lease Renewal Rent shall be payable in installments, semi-annually in arrears.

Renewal Rent means the scheduled Rent payable on each Rent Payment Date during any First Renewal Lease Term, Second Renewal Lease Term or FMV Renewal Lease Term, in each case as determined in accordance with SECTION 15.3 of the Facility Lease.

Renewal Rent means the rent payable during the Renewal Lease Term with respect to the Aircraft pursuant to Section 3.3.

Renewal Rent means, with respect to the Lease or any Schedule (as the context may require), all payments of Fixed Rent and Variable Rent due and payable by Lessee on each Payment Date occurring during the applicable Renewal Term.

Renewal Rent means the monthly rent payable during the Renewal Term.

Renewal Rent means the Rent payable during the Renewal Term of a Transaction;