Common use of Consideration Payment Clause in Contracts

Consideration Payment. On the Commencement Date, Tenant is paying as provided for in Section 3.1 a payment which (i) is consideration for the execution and delivery of the Option by Landlord, (ii) is non-refundable and (iii) will be retained by Landlord notwithstanding any other provision of this Lease.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Consideration Payment. On the Commencement Date, Tenant is paying as provided for in Section 3.1 a payment which (i) is consideration for the execution and delivery of the Option by Landlord, (ii) is non-refundable and (iii) will be retained by Landlord notwithstanding any other provision of this Lease.,

Appears in 1 contract

Sources: Lease Agreement