Deferred Rent Clause Samples
A Deferred Rent clause allows for the postponement of rent payments to a later date, rather than requiring immediate payment as originally scheduled. Typically, this clause outlines the specific period during which rent payments are deferred, the repayment schedule for the deferred amounts, and any interest or penalties that may apply. Its core practical function is to provide financial relief to tenants facing temporary cash flow issues, while ensuring that landlords eventually receive the full amount owed.
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Deferred Rent. Notwithstanding anything contained in this Article to the contrary, the Tenant may repay the entire outstanding principal balance of the Phase II Deferral with accrued but unpaid Interest thereon at any time.
Deferred Rent. Provided no Deferred Rent Default has occurred and is continuing, during the Deferral Period, Tenant may, at its option, in any given month elect to defer payment without interest (if paid as and when required under this Section 2 after which interest and late charges may accrue in accordance with Sections 3.2 and 3.3 of the Lease) of a portion of Minimum Rent then due and owing in an amount up to the Monthly Deferral Amount. If Tenant elects to defer any portion of Minimum Rent then due and owing to Landlord pursuant to this Section 2(a), then Tenant shall deliver to Landlord concurrently with the payment of a portion of the Base Rent a written notice stating (i) the amount of Base Rent being deferred; and (ii) the Deferred Base Rent Balance prior to such deferral and after giving effect to such deferral.
Deferred Rent. The Tenant says that the one or more of the following has occurred because of COVID-19 (check box): ☐ The Tenant has had to temporarily cease it’s business operations; ☐ The Tenant has been ordered by a body with authority to temporarily cease it’s business operations ☐ The Tenant has had it’s business activities significantly disrupted; or ☐ Other (Please describe): ________________________________________ Based on the representations made by the Tenant, the Landlord is prepared to defer payment of the Rent and Additional Rent in the amount of $________ (the “Deferred Rent”) as follows (check one box): ☐ Commencing ___________________, the Tenant will pay to the Landlord the amount of $ ________________ plus GST every month on the first day of the month in addition to the Rent and Additional Rent until such time as the entire amount of the Deferred Rent is paid in full (the “Periodic Payment”), or ☐ The Deferred Rent will be paid in full by _____________________ . Based on the representations made by the Tenant, the Landlord is prepared to defer payment of the Rent in the amount of $________ (the “Deferred Rent”) as follows (check one box): ☐ Commencing ___________________, the Tenant will pay to the Landlord the amount of $ ________________ plus GST every month on the first day of the month in addition to the Rent and Additional Rent until such time as the entire amount of the Deferred Rent is paid in full (the “Periodic Payment”), or ☐ The Deferred Rent will be paid in full by _____________________ .
Deferred Rent. The Monthly Base Rent for the second (2nd) month of the Initial Lease Term shall be deferred (“Deferred Rent”), and if Tenant fully and faithfully complies with all terms and conditions of this Lease throughout the Term, the Deferred Rent shall be, after the expiration of this Lease, forgiven. However, Tenant shall pay all additional Rent, other costs and expenses due by Tenant under the Lease. If Tenant shall default under any term and condition of this Lease and such default is not cured within the applicable period, if any, then the Deferred Rent shall, without further notice, immediately become due and payable as Rent. Exhibit AThe Project Leasing Plan Exhibit BLegal Description of the land Exhibit CWork Letter Agreement Exhibit DRules and Regulations Exhibit ▇▇▇▇▇▇ Confirmation Certificate Exhibit FSign Criteria Exhibit GPreventative Maintenance Procedures Exhibit HMove Out Conditions Exhibit IInsurance Requirements for Contractors Exhibit JIntentionally omitted. Exhibit KTenant’s Outside Storage THE PROVISIONS CONTAINED IN Clauses 1 through 59, and Exhibits A through K are incorporated into and become a part of this Lease by reference.
Deferred Rent. Notwithstanding the foregoing, the provision for taxes based on the income or profits of, and the interest, depreciation and amortization of, a Restricted Subsidiary of a Person will be added to Consolidated Net Income to compute Consolidated EBITDA of such Person only to the extent (and in the same proportion) that the net income of such Subsidiary was included in calculating the Consolidated Net Income of such Person.
Deferred Rent. Commencing on April 1, 2019 through January 31, 2023, Tenant shall pay to Landlord, the total amount of Twelve Million Six Hundred Three Thousand Eighty-Five and 00/100ths Dollars ($12,603,085.00) in sixteen (16) equal quarterly installments of Seven Hundred Eighty-Seven Thousand Six Hundred Ninety-Three and 00/100ths Dollars ($787,693.00) on the first Business Day of each calendar quarter during such period.
Deferred Rent. 1. The Tenant says that the one or more of the following has occurred because of COVID- 19 (check box): ☐ The Tenant’s employment has been terminated; or ☐ The Tenant has been laid off from their employment; or ☐ The Tenant’s hours of employment have been significantly reduced; or ☐ The Tenant is a self-employed and has had their business income significantly reduced; or ☐ A person who the Tenant relies upon to either pay or assist in paying the rent has had their employment or income earning capacity eliminated, reduced or significantly reduced; or ☐ Other (Please describe):
2. Based on the representations made by the Tenant, the Landlord is prepared to defer payment of the Rent in the amount of $ (the “Deferred Rent”) as follows (check one box): ☐ Commencing , the Tenant will pay to the Landlord the amount of $ every month on the first day of the month in addition to the Rent until such time as the entire amount of the Deferred Rent is paid in full (the “Periodic Payment”, or ☐ The Deferred Rent will be paid in full by .
3. The Tenant, if eligible, has, or will apply for the Provincial Government $500/month rental supplement which is payable directly to the Landlord (or a variation of the same Provincial Government program as it is from time to time)(the “Rental Supplement”) and will provide proof of that application to the Landlord on reasonable notice, if requested.
4. Any monies received by the Landlord under the Rental Supplement will be a credit for the Tenant on the Deferred Rent.
Deferred Rent. The “End Deferral Date” means the earliest to occur of the following: (i) May 31, 2010; (ii) the date specified in Paragraphs 1.13.1(c) or (d)(2)(i); or (iii) a
Deferred Rent. The following Section 3.1.3(f) is added to the Lease immediately following Section 3.1.3(e) thereof and such new Section 3.1.3(f) shall supersede any other provisions of the Lease pertaining to the Deferred Rent:
Deferred Rent. Section 3.1.3(f) of the Lease is deleted in its entirety and replaced with the following: