Common use of Payment to Lessor Clause in Contracts

Payment to Lessor. All Rent shall be paid by Lessee to Lessor by wire transfer of immediately available funds in U. S. Dollars, to such account as Lessor shall designate to Lessee in writing. Such funds shall be available to Lessor not later than 3:00 p.m., New York City time on the date of payment. Whenever any payment of Rent is due on a day other than a Business Day, such payment shall be made on the next preceding Business Day. All Rent to be paid by Lessee hereunder shall be paid in full without any deduction or withholding with respect to Taxes of any nature imposed by any Taxing Authority unless Lessee is prohibited by Applicable Law from doing so, in which event Lessee shall comply with Section 16 below.

Appears in 3 contracts

Sources: Aircraft Lease Agreement (Hawaiian Airlines Inc/Hi), Aircraft Lease Agreement (Hawaiian Airlines Inc/Hi), Aircraft Lease Agreement (Hawaiian Airlines Inc/Hi)