Basic Rent definition

Basic Rent means Basic Rent as defined in Paragraph 6.

Basic Rent means, the sum of (a) the Loan Basic Rent and (b) the Lessor Basic Rent, calculated as of the applicable date on which Basic Rent is due.

Basic Rent means, for the Basic Term, the rent payable for the Aircraft pursuant to Section 3(c) as adjusted as provided in Section 3(d) but subject always to the provisions of Section 3(d)(v) hereof and, for any Renewal Term, Basic Rent determined pursuant to Section 19.

Examples of Basic Rent in a sentence

• Notwithstanding anything to the contrary contained herein, should Lessee fail to pay any installment of Basic Rent or Additional Rent punctually on the due date thereof, Lessee shall pay to Lessor as additional rent, a late charge equal to five (5%) percent of such installment.

• Any termination under this section shall have the same effect as termination of the term of this Lease or any renewal thereof, as if the date on which possession of the Premises is taken by the condemning authority were stated as the time for termination of the Lease term or any renewal thereof, and Lessor and Lessee shall account for Basic Rent, Additional Rent and other amounts payable by Lessee as of that date.

• If Lessee remains in possession of the Premises after termination of the term of this Lease or any renewal thereof, without any written agreement by Xxxxxx, then Lessee shall be and become a tenant at sufferance at twice the Basic Rent then in affect, plus any Additional Rent due hereunder, and there shall be no renewal or extension of this Lease by operation of law.

More Definitions of Basic Rent

Basic Rent means the rent payable pursuant to Section 3.2;

Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

Basic Rent means the rent provided for under a written lease for the use or occupancy of premises, excluding separately stated amounts required to be paid under the lease for such items as real estate taxes, maintenance expenses or fuel adjustments.

Basic Rent means the amounts set forth on Exhibit B annexed to this Lease.

Basic Rent means, for any Lease Term, the rent payable pursuant to Section 3.1 of the Lease, determined in accordance with the following: each installment of Basic Rent payable on any Payment Date shall be in an amount equal to the sum of (A) the aggregate amount of Lender Basic Rent payable on such Payment Date, plus (B) the aggregate amount of Lessor Basic Rent payable on such Payment Date, in each case for the Leased Property or Properties that are then subject to the Lease.

Basic Rent means the basic rent amounts specified in the Basic Terms.

Basic Rent has the meaning set forth in Section 3(b)(i) of the Lease.