Rental Payable definition

Rental Payable means the rental to be paid by the Lessee to the Lessor for the rental of the Vehicle during the Lease Period, as set out in the Lease Schedule;
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Examples of Rental Payable in a sentence

  • Rental Payable when and how Monthly payment date Mileage limit and excess mileage charge (incl.

  • The Company must ensure that the ratio of Consolidated EBITAR to Consolidated Net Interest and Rental Payable is not, at the end of each Measurement Period less than 1.95:1 to the period ending 30 March 2004, thereafter 2.05:1.

  • In the event that a Vehicle is used under any of the aforementioned circumstances, the Lessor may terminate the Lease forthwith and the Lessee shall redeliver the Vehicle to the Lessor on the Lessor’s demand and forfeit all Rental Payable.

  • If Tenant shall be in possession of the Premises after the Termination Date, in the absence of any agreement extending the Term hereof, the tenancy under this Lease shall become one from month to month, terminable by either party on thirty (30) days' prior written notice at a monthly rental equal to twice the sum of (i) the monthly installment of Annual Minimum Rental payable during the last month of the Term and (ii) all Additional Rental Payable hereunder for each month Tenant remains in possession.

  • Interest and Rental Payable: the ratio of Consolidated EBITAR to Consolidated Interest and Rental Payable in respect of any Relevant Period shall not be less than 1.55:1.

  • Commencing from the Commencement Date, Landlord agrees to waive Concessionaire's Rental Payable until either (i) the first day the Virginia Avenue Park Commercial Kitchen is open to the public, or (ii) the first day the Concessionaire commences operation.

  • Tenant shall pay to Landlord at the time and in the manner set forth herein the amount by which the following applicable percentage of Gross Sales during each month of the Lease Year exceeds the Base Rent for such period (hereinafter called the "PERCENTAGE RENT"): Lease Year Percentage Rental Payable ---------- ------------------------- 1 Through 10 * * The * ) break point shall be adjusted in accordance with Section 3.3 above.