Rent Clause Example with 6 Variations from Business Contracts

Rent. (a) Lessee shall remit to Lessor the sum per block hour set forth on Schedule 1 hereto from time to time as Rent for the use of the Aircraft by Lessee during each Lease Period hereunder. For this purpose, a "block hour" shall be measured in hours and tenths of hours, rounded to the nearest tenth of an hour, hours from the time the Aircraft moves for purposes of flight at the departure airport to the time the Aircraft comes to a stop at the arrival airport. Lessee's obligation to pay Rent is limi...ted to block hours during Lessee's passenger occupied flights during any Lease Period. (b) Not later than thirty (30) days after the end of each calendar month during the Term, Lessee shall provide to Lessor a statement showing all use of the Aircraft during Lease Periods during that month, and a complete accounting detailing any Rent due from Lessee for that month. Notwithstanding anything in this Lease to the contrary, Lessee shall have no obligation to utilize the Aircraft hereunder, and there shall be no Rent payable to Lessor hereunder with respect to any calendar month if Lessee does not use the Aircraft hereunder during such month. All payments of Rent due for any calendar month shall be made at Lessor's address set forth above, or at such other place as Lessor may designate to Lessee in writing from time to time, not later than the thirtieth (30th) day of the following month. 2 (c) Not later than thirty (30) days following June 30 (the "True-Up Date") each year during the Term, Sterling MSG shall provide to MSG Q2C a statement showing the total number of hours of use of the Aircraft from July 1 of the preceding year to and including the True-Up Date. Pursuant to that certain Aircraft Dry Lease Agreement, dated as of May 22, January 11, 2017, between Charles F. Dolan ("CFD") MSG and MSG Q2C (the "G550 "G450 Dry 2 Lease Agreement") providing for the lease of MSG's Q2C's Gulfstream Aerospace GV-SP G450 aircraft, manufacturer's serial number 5264, 4179, United States registration N551CS N919AM (the "G550") "G450") by CFD, MSG MSG, Q2C shall deliver a statement showing the total number of hours of use of the G550 G450 by CFD MSG from July 1 of the preceding year to and including the True-Up Date. To the extent that the total number of hours of use of the Aircraft by MSG Q2C during such period is greater than CFD's MSG's use of the G550 G450 for such period, MSG Q2C shall remit to Lessor as Additional Rent the sum per block hour set forth on Schedule 1 hereto for such hours in excess of CFD's MSG's use of the G550 (the "True-Up Hours"). In addition, the parties hereto acknowledge and agree that to the extent that discrepancies in hours of usage or other factors cause this arrangement, including the Rent and charges for True-Up Hours provided hereunder, to be economically unfair to one party, the parties will work together in good faith to adjust these fees to achieve a more equitable arrangement. View More

Rent. (a) Lessee shall remit to Lessor the sum per block hour set forth on Schedule 1 hereto from time to time as Rent for the use of the Aircraft by Lessee during each Lease Period hereunder. For this purpose, a "block hour" shall be measured in hours and tenths of hours, rounded to the nearest tenth of an hour, from the time the Aircraft moves for purposes of flight at the departure airport to the time the Aircraft comes to a stop at the arrival airport. (b) Not later than thirty (30) days after the... end of each calendar month during the Term, Lessee shall provide to Lessor a statement showing all use of the Aircraft during Lease Periods during that month, and a complete accounting detailing any Rent due from Lessee for that month. Notwithstanding anything in this Lease to the contrary, Lessee shall have no obligation to utilize the Aircraft hereunder, and there shall be no Rent payable to Lessor hereunder with respect to any calendar month if Lessee does not use the Aircraft hereunder during such month. All payments of Rent due for any calendar month shall be made at Lessor's address set forth above, or at such other place as Lessor may designate to Lessee in writing from time to time, not later than the thirtieth (30th) day of the following month. 2 (c) Not later than thirty (30) days following June 30 (the "True-Up Date") each year during the Term, Sterling shall provide (or cause to be provided) to MSG a statement showing the total number of hours of use of the Aircraft from July 1 of the preceding year to and including the True-Up Date. The statement provided by (or on behalf of) Sterling for the period of July 1, 2018 through June 30, 2019, the statement shall include MSG's use of Sterling Aviation LLC's Gulfstream Aerospace G-V aircraft, manufacturer's serial number 639, United States registration N501CV (the "GV"). Pursuant to that certain Aircraft Dry Lease Time Sharing Agreement, dated effective as of May 22, 2017, July 1, 2018, between Charles F. Dolan ("CFD") and MSG (the "G550 Dry Lease 2 "MSG G550 Time Sharing Agreement") providing for the lease of MSG's Gulfstream Aerospace GV-SP aircraft, manufacturer's serial number 5264, United States registration N551CS (the "G550") "MSG G550") by CFD, MSG shall deliver a statement showing the total number of hours of use of the MSG G550 by CFD from July 1 of the preceding year to and including the True-Up Date. To The parties acknowledge and agree that the extent expectation is that Lessee's use of the Aircraft pursuant to this Lease shall be greater (on a per hour basis) than Lessor's use of the MSG G550 pursuant to the MSG G550 Time Sharing Agreement. In the event that the total number of hours of use of the Aircraft (including use of the GV, as applicable) by MSG during such period is greater than CFD's use of the MSG G550 for such period, MSG shall remit to Lessor as Additional Rent the sum per block hour set forth on Schedule 1 hereto for such hours in excess of CFD's use of the MSG G550 (the "True-Up Hours"). In addition, the parties hereto acknowledge and agree that to the extent that discrepancies in hours of usage or other factors cause this arrangement, such Rent, including the Rent and charges for True-Up Hours provided hereunder, any Additional Rent, shall be permitted to be further adjusted to ensure that the arrangement is not economically unfair to one party, the parties will work together Lessor of the Aircraft. Notwithstanding anything in good faith this Lease to adjust these the contrary, under no circumstances shall the fees to achieve a more equitable arrangement. paid under this Lease by Lessee be greater than those permitted under FAR Part 91.501(d). View More

Rent. (a) Lessee shall remit to Lessor the sum per block hour set forth on Schedule 1 hereto from time to time as Rent for the use of the Aircraft by Lessee during each Lease Period hereunder. For this purpose, a "block hour" shall be measured in hours and tenths of hours, rounded to the nearest tenth of an hour, from the time the Aircraft moves for purposes of flight at the departure airport to the time the Aircraft comes to a stop at the arrival airport. (b) Not later than thirty (30) days after the... end of each calendar month during the Term, Lessee shall provide to Lessor a statement showing all use of the Aircraft during Lease Periods during that month, and a complete accounting detailing any Rent due from Lessee for that month. Notwithstanding anything in this Lease to the contrary, Lessee shall have no obligation to utilize the Aircraft hereunder, and there shall be no Rent payable to Lessor hereunder with respect to any calendar month if Lessee does not use the Aircraft hereunder during such month. All payments of Rent due for any calendar month shall be made at Lessor's address set forth above, or at such other place as Lessor may designate to Lessee in writing from time to time, not later than the thirtieth (30th) day of the following month. 2 (c) Not later than thirty (30) days following June 30 (the "True-Up Date") each year during the Term, Sterling Q2C shall provide (or cause to be provided) to MSG a statement showing the total number of hours of use of the Aircraft from July 1 of the preceding year to and including the True-Up Date. Pursuant to that certain Aircraft Dry Lease Time Sharing Agreement, dated effective as of May 22, 2017, July 1, 2018, between Charles F. Dolan ("CFD") Q2C and MSG (the "G550 Dry Lease Time Sharing Agreement") providing for the lease of MSG's Gulfstream Aerospace GV-SP aircraft, manufacturer's serial number 5264, United States registration N551CS (the "G550") by CFD, Q2C, MSG shall deliver a statement showing the total number of hours of use of the G550 by CFD Q2C from July 1 of the 2 preceding year to and including the True-Up Date. To The parties acknowledge and agree that the extent expectation is that Lessee's use of the Aircraft pursuant to this Lease shall be greater (on a per hour basis) than Lessor's use of the G550 pursuant to the G550 Time Sharing Agreement. In the event that the total number of hours of use of the Aircraft by MSG during such period is greater than CFD's Q2C's use of the G550 for such period, MSG shall remit to Lessor as Additional Rent the sum per block hour set forth on Schedule 1 hereto for such hours in excess of CFD's Q2C's use of the G550 (the "True-Up Hours"). In addition, the parties hereto acknowledge and agree that to the extent that discrepancies in hours of usage or other factors cause this arrangement, such Rent, including the Rent and charges for True-Up Hours provided hereunder, any Additional Rent, shall be permitted to be further adjusted to ensure that the arrangement is not economically unfair to one party, the parties will work together Lessor of the Aircraft. Notwithstanding anything in good faith this Lease to adjust these the contrary, under no circumstances shall the fees to achieve a more equitable arrangement. paid under this Lease by Lessee be greater than those permitted under FAR Part 91.501(d). View More

Rent. (a) Lessee shall remit to Lessor the sum per block hour set forth on Schedule 1 hereto from time to time as Rent for the use of the Aircraft by Lessee during each Lease Period hereunder. For this purpose, a "block hour" shall be measured in hours and tenths of hours, rounded to the nearest tenth of an hour, from the time the Aircraft moves for purposes of flight at the departure airport to the time the Aircraft comes to a stop at the arrival airport. (b) Not later than thirty (30) days after the... end of each calendar month during the Term, Lessee shall provide to Lessor a statement showing all use of the Aircraft during Lease Periods during that month, and a complete accounting detailing any Rent due from Lessee for that month. Notwithstanding anything in this Lease to the contrary, Lessee shall have no obligation to utilize the Aircraft hereunder, and there shall be no Rent payable to Lessor hereunder with respect to any calendar month if Lessee does not use the Aircraft hereunder during such month. All payments of Rent due for any calendar month shall be made at Lessor's address set forth above, or at such other place as Lessor may designate to Lessee in writing from time to time, not later than the thirtieth (30th) day of the following month. 2 (c) Not later than thirty (30) days following June 30 (the "True-Up Date") each year during the Term, Sterling MSG shall provide to MSG CFD a statement showing the total number of hours of use of the Aircraft from July 1 of the preceding year to and including the True-Up Date. Pursuant to that certain Aircraft Dry Lease Agreement, dated as of May 22, 2017, between Charles F. Dolan ("CFD") MSG and MSG Sterling Aviation, LLC (the "G550 "G-V Dry Lease Agreement") providing for the lease of MSG's Sterling Aviation, LLC's Gulfstream Aerospace GV-SP 2 G-V aircraft, manufacturer's serial number 5264, 639, United States registration N551CS N501CV (the "G550") "G-V") by CFD, MSG MSG, CFD shall (or shall cause Sterling Aviation, LLC to) deliver a statement showing the total number of hours of use of the G550 G-V by CFD MSG from July 1 of the preceding year to and including the True-Up Date. To the extent that the total number of hours of use of the Aircraft by MSG CFD during such period is greater than CFD's MSG's use of the G550 G-V for such period, MSG CFD shall remit to Lessor as Additional Rent the sum per block hour set forth on Schedule 1 hereto for such hours in excess of CFD's MSG's use of the G550 G-V (the "True-Up Hours"). In addition, the parties hereto acknowledge and agree that to the extent that discrepancies in hours of usage or other factors cause this arrangement, including the Rent and charges for True-Up Hours provided hereunder, to be economically unfair to one party, the parties will work together in good faith to adjust these fees to achieve a more equitable arrangement. View More

Rent. (a) Lessee shall remit to Lessor the sum per block hour set forth on Schedule 1 hereto from time to time as Rent for the use of the Aircraft by Lessee during each Lease Period hereunder. For this purpose, a "block hour" shall be measured in hours and tenths of hours, rounded to the nearest tenth of an hour, hours from the time the Aircraft moves for purposes of flight at the departure airport to the time the Aircraft comes to a stop at the arrival airport. Lessee's obligation to pay Rent is limi...ted to block hours during Lessee's passenger occupied flights during any Lease Period. (b) Not later than thirty (30) days after the end of each calendar month during the Term, Lessee shall provide to Lessor a statement showing all use of the Aircraft during Lease Periods during that month, and a complete accounting detailing any Rent due from Lessee for that month. Notwithstanding anything in this Lease to the contrary, Lessee shall have no obligation to utilize the Aircraft hereunder, and there shall be no Rent payable to Lessor hereunder with respect to any calendar month if Lessee does not use the Aircraft hereunder during such month. All payments of Rent due for any calendar month shall be made at Lessor's address set forth above, or at such other place as Lessor may designate to Lessee in writing from time to time, not later than the thirtieth (30th) day of the following month. 2 (c) Not later than thirty (30) days following June 30 (the "True-Up Date") each year during the Term, Sterling Q2C shall provide to MSG a statement showing the total number of hours of use of the Aircraft from July 1 of the preceding year to and including the True-Up Date. Pursuant to that certain Aircraft Dry Lease Agreement, dated as of May 22, January 11, 2017, between Charles F. Dolan ("CFD") Q2C and MSG (the "G550 Dry 2 Lease Agreement") providing for the lease of MSG's Gulfstream Aerospace GV-SP aircraft, manufacturer's serial number 5264, United States registration N551CS (the "G550") by CFD, Q2C, MSG shall deliver a statement showing the total number of hours of use of the G550 by CFD Q2C from July 1 of the preceding year to and including the True-Up Date. To the extent that the total number of hours of use of the Aircraft by MSG during such period is greater than CFD's Q2C's use of the G550 for such period, MSG shall remit to Lessor as Additional Rent the sum per block hour set forth on Schedule 1 hereto for such hours in excess of CFD's Q2C's use of the G550 G450 (the "True-Up Hours"). In addition, the parties hereto acknowledge and agree that to the extent that discrepancies in hours of usage or other factors cause this arrangement, including the Rent and charges for True-Up Hours provided hereunder, to be economically unfair to one party, the parties will work together in good faith to adjust these fees to achieve a more equitable arrangement. View More

Rent. (a) Lessee shall remit to Lessor the sum per block hour set forth on Schedule 1 hereto from time to time as Rent for the use of the Aircraft by Lessee during each Lease Period hereunder. For this purpose, a "block hour" shall be measured in hours and tenths of hours, rounded to the nearest tenth of an hour, from the time the Aircraft moves for purposes of flight at the departure airport to the time the Aircraft comes to a stop at the arrival airport. (b) Not later than thirty (30) days after the... end of each calendar month during the Term, Lessee shall provide to Lessor a statement showing all use of the Aircraft during Lease Periods during that month, and a complete accounting detailing any Rent due from Lessee for that month. Notwithstanding anything in this Lease to the contrary, Lessee shall have no obligation to utilize the Aircraft hereunder, and there shall be no Rent payable to Lessor hereunder with respect to any calendar month if Lessee does not use the Aircraft hereunder during such month. All payments of Rent due for any calendar month shall be made at Lessor's address set forth above, or at such other place as Lessor may designate to Lessee in writing from time to time, not later than the thirtieth (30th) day of the following month. 2 (c) Not later than thirty (30) days following June 30 (the "True-Up Date") each year during the Term, Sterling shall provide (or cause to be provided) to MSG a statement showing the total number of hours of use of the Aircraft from July 1 of the preceding year to and including the True-Up Date. Pursuant to that certain Aircraft Dry Lease Time Sharing Agreement, dated effective as of May 22, 2017, July 1, 2018, between Charles F. Dolan ("CFD") and MSG (the "G550 Dry Lease Time Sharing Agreement") providing for the lease of MSG's Gulfstream Aerospace GV-SP aircraft, manufacturer's serial number 5264, United States registration 2 N551CS (the "G550") by CFD, MSG shall deliver a statement showing the total number of hours of use of the G550 by CFD from July 1 of the preceding year to and including the True-Up Date. To The parties acknowledge and agree that the extent expectation is that Lessee's use of the Aircraft pursuant to this Lease shall be greater (on a per hour basis) than Lessor's use of the G550 pursuant to the G550 Time Sharing Agreement. In the event that the total number of hours of use of the Aircraft by MSG during such period is greater than CFD's use of the G550 for such period, MSG shall remit to Lessor as Additional Rent the sum per block hour set forth on Schedule 1 hereto for such hours in excess of CFD's use of the G550 (the "True-Up Hours"). In addition, the parties hereto acknowledge and agree that to the extent that discrepancies in hours of usage or other factors cause this arrangement, such Rent, including the Rent and charges for True-Up Hours provided hereunder, any Additional Rent, shall be permitted to be further adjusted to ensure that the arrangement is not economically unfair to one party, the parties will work together Lessor of the Aircraft. Notwithstanding anything in good faith this Lease to adjust these the contrary, under no circumstances shall the fees to achieve a more equitable arrangement. paid under this Lease by Lessee be greater than those permitted under FAR Part 91.501(d). View More