Rent and Other Amounts Payable Clause Samples

Rent and Other Amounts Payable. (a) In consideration of the lease of the Project, the Company hereby covenants and agrees to make rent payments (“Rent Payments”) as follows: on or before any Interest Payment Date or the Maturity Date for the Bonds or any other date that any payment of interest or principal is required to be made in respect of the Bonds under the Bond Purchase Agreement, until the Payment in Full of the Bonds, the Company will pay, in immediately available funds, a sum which will enable the Servicing Agent to pay the amount payable on such date as principal of (whether at maturity or upon redemption, acceleration, or otherwise) and interest on the Bonds, as provided in the Bond Purchase Agreement. (b) The Company shall reimburse or pay the City for any and all reasonable costs, expenses, fees (including attorneys’ fees), and liabilities paid or incurred by the City in satisfaction of any obligation of the Company hereunder not performed by the Company in accordance with the terms hereof. The Company shall also repay or reimburse the City for any and all reasonable expenses paid or to be paid by the City and (i) requested by the Company, (ii) required by the Bonds or the Bond Documents, (iii) incurred in enforcing the provisions of the Bonds or the Bond Documents, (iv) incurred in defending any action or proceedings with respect to the Project, the Project Site, the Bonds, or the Bond Documents, or (iv) arising out of or based upon any other document relating to the issuance of the Bonds, which are not otherwise required to be paid by the Company hereunder. (c) The Company will also pay the reasonable fees and expenses of the Servicing Agent under the Bond Purchase Agreement and all other amounts which may be payable to the Servicing Agent under the Bond Purchase Agreement, such amounts to be paid directly to the Servicing Agent for its accounts as and when such amounts become due and payable. (d) If the Company should fail to make any of the payments required in this Section, the item or installment so in default shall continue as an obligation of the Company until the amount in default shall have been fully paid, and the Company agrees to pay the same with interest thereon, to the extent permitted by law, from the date when such payment was due to the date of payment.
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Rent and Other Amounts Payable. (A) The Lessee shall pay rent for the Project Facility as follows: (A) On the Closing Date, the Lessee shall pay to the Lessor the agreed upon administrative fee of the Lessor in an amount not to exceed $161,125.00. (B) Within seven (7) days after receipt of a demand therefor from the Lessor, the Lessee shall pay to the Lessor the sum of the reasonable expenses of the Lessor and the officers, members, agents and employees thereof incurred by reason of the Lessor's ownership or lease of the Project Facility or in connection with the carrying out of the Lessor's duties and obligations under this Lease Agreement or any of the other Leasing Documents and any other fee or expense of the Lessor, including reasonable attorneys' fees, with respect to the Project Facility, the sale of the Project Facility to the Lessee, any of the other Leasing Documents, the payment of which is not otherwise provided for under this Lease Agreement. (C) The Lessee agrees to make the above mentioned payments, without any further notice, in lawful money of the United States of America as, at the time of payment, shall be legal tender for the payment of public and private debts. In the event the Lessee shall fail to make any payment required by this Section 5.4 for a period of more than thirty (30) days from the date such payment is due, the Lessee shall pay the same together with interest thereon at the Default Rate or the maximum permitted by law, whichever is less, from the date on which such payment was due until the date on which such payment is made.
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Rent and Other Amounts Payable. 6.1. In addition to the amounts due in terms of clause 3.2.4.1, the tenant shall pay the monthly rental (referred to and as stipulated in 6 of the schedule) and all other amounts payable in terms of the lease to the landlord, with effect from the commencement date alternatively the date on which the tenant occupies the leased premises, whichever is the earlier. 6.2. The monthly rent and other amounts payable by the tenant to the landlord shall be the amounts stipulated in the schedule in respect of the relevant period, which amounts shall be paid together with VAT thereon, monthly in advance, on or before the first day of each and every month without any deduction or set-off at the place specified in 10.1.1 below for the time being. Should VAT be increased or decreased by the relevant authority then all VAT amounts payable under this lease shall be adjusted accordingly. 6.3. The provisions of clauses 6.1. and 6.2. above shall also apply to clauses 7., 8. and 9. below, mutatis mutandis. 6.4. For purposes of the landlord’s hypothec, rent shall constitute all amounts owing by the tenant to the landlord in terms of this lease, including but not limited to the amounts contemplated in 6., 7., 8. and 9. of this lease. 6.5. A certificate issued by the landlord’s Financial Manager shall constitute prima facie proof on the amount outstanding in terms of this agreement, its computation and due and payableness. 6.6. The tenant acknowledges that the bank account detail of the landlord is not likely to change. The tenant will be informed of a change in bank account detail of the landlord in writing and on a letterhead from the landlord or its agent and such letter will be sent by registered mail. Prior to the tenant acting on such letter, the tenant shall verify the purported change in bank account detail by calling the Financial Director of landlord or its agent and confirm such change whereafter the tenant shall further confirm and/or verify any change in bank account detail in writing, on an official letterhead of the tenant addressed to the Financial Director of the landlord or its agent and referring to such telephone call and the content thereof. Prior to making payment into the new bank account, the tenant shall confirm that the Financial Director of the landlord has received such letter. Should payment of monthly rent and other amounts be made in any manner than as set out above, the risk and liability to ensure that payment of monthly rent and other payments du...
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Rent and Other Amounts Payable 
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Related to Rent and Other Amounts Payable

  • Rent and Other Payments This paragraph contains detailed commercial terms. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Interest and other amounts Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and, subject to any Break Costs, without premium or penalty.

  • Taxes and other Amounts The Servicer will use its best efforts to collect all payments with respect to amounts due for Taxes, assessments and insurance premiums relating to each Loan Asset to the extent required to be paid to the Borrower for such application under the applicable Loan Agreement and remit such amounts to the appropriate Governmental Authority or insurer as required by the Loan Agreements.

  • Rent and Other Charges Base Rent, Operating Expenses, and any other amounts which Tenant is or becomes obligated to pay Landlord under this Lease or other agreement entered in connection herewith, are sometimes herein referred to collectively as "Rent," and all remedies applicable to the non-payment of Rent shall be applicable thereto. Rent shall be paid at any office maintained by Landlord or its agent at the Property, or at such other place as Landlord may designate.

  • Royalties and Other Payments A. For the rights, privileges and exclusive license granted hereunder, Licensee shall pay to CMCC the following amounts in the manner hereinafter provided. Unless expressly stated otherwise in this Agreement, periodic payment obligations listed below shall endure through the Term of this Agreement, unless this Agreement shall be sooner terminated as hereinafter provided. 1. A license amendment fee of [* * *], and such fee is due within thirty (30) days after the Effective Date of this Agreement. 2. As of the Effective Date Licensee has paid in full the license issue fee of [* * *], which license issue fee was deemed earned and due within thirty (30) days of the effective date of the Original Agreement. 3. Licensee shall make the following one-time payments to CMCC in connection with the first occurrence of the following events (“Milestones”): (a) [* * *] upon the [* * *] by Licensee or any Sublicensee with respect to a Licensed Product; (b) [* * *] upon the [* * *] by Licensee or any Sublicensee with respect to a Licensed Product; and (c) [* * *] upon the [* * *] of a Licensed Product. Licensee will promptly notify CMCC in writing of the achievement of any of the foregoing Milestones by Licensee or any of its Sublicensees, and will require its Sublicensees to provide it with prompt written notice upon their achievement of any of the foregoing Milestones. CMCC may invoice Licensee for the applicable Milestone payment after receipt of such notice, and Licensee shall pay such invoice within forty-five (45) days after its receipt thereof. B. During the Term, Licensee shall pay CMCC running royalties in an amount equal to [* * *] of Net Sales of Licensed Products or Licensed Processes used, leased or sold by and/or for Licensee (including its Affiliates) or any Sublicensees (“Running Royalties”); provided, however, to the extent that a license or licenses is required by Licensee to third party patents or other intellectual property (i) in order to practice the Patent Rights, or (ii) in order to manufacture or sell Licensed Products without such activities (as described in clause (i) or (ii) of this sentence) resulting in the infringement of such third party intellectual property, Licensee may, for each such required license, deduct from the Running Royalties owed to CMCC an amount up to [* * *] of the royalties due to each third party for such intellectual property rights; provided further, that no single Running Royalty payment owed to CMCC may be reduced by more than [* * *] as a result of any such deduction. Licensee may not deduct, as a result of any such required third party license, a greater percentage of royalties from those owed to CMCC than the percentage deducted from such third party from whom such license is required as described in this Paragraph. Notwithstanding anything in this ARTICLE IV, Paragraph B, the Running Royalty owed to CMCC by Licensee shall not be reduced below [* * *] of the Net Sales of Licensed Products or Licensed Processes. 1. No multiple royalties shall be payable on account of any Licensed Product or Licensed Process, its manufacture, use, lease or sale being covered by more than one Patent Rights patent application or Patent Rights issued patent licensed under this Agreement. In the event that any patent or claim thereof included within the Patent Rights is no longer a Valid Claim, then all obligations to pay royalties based on that patent or claim or any claim patentably indistinct therefrom will cease as of the date such patent or claim is no longer a Valid Claim. 2. For purposes of calculating royalties, in the event that a Licensed Product includes [* * *], then Net Sales of the [* * *] shall be calculated using one of the following methods: (a) [* * *]; or (b) In the event that no such [* * *] during the applicable accounting period, Net Sales for purposes of determining royalties payable hereunder shall be calculated by [* * *]. C. In the event Licensee has granted sublicenses under this Agreement, Licensee shall pay to CMCC the relevant percentage as set forth below of Sublicensee Payments: (i) [* * *] of Sublicensee Payments received by Licensee any time prior to [* * *]; and (ii) [* * *] of Sublicensee Payments received by Licensee any time after [* * *]. D. Royalty payments shall be paid in United States dollars in Boston, Massachusetts, or at such other place as CMCC may reasonably designate consistent with the laws and regulations controlling in any foreign country. If currency conversion shall be required in connection with the payments of royalties or other amounts hereunder, the conversion shall be made by using the exchange rate prevailing at Bank of America on the last business day of the calendar quarterly reporting period to which such royalty payments relate. E. Licensee shall make payment of the amounts specified in this ARTICLE IV to CMCC within forty-five (45) days after March 31, June 30, September 30 and December 31 each year during the Term of this Agreement, covering the quantity of Licensed Products sold by Licensee during the preceding calendar quarter (in the case of royalties payable under ARTICLE IV, Paragraph B) and covering the percentage of any Sublicensee Payment (as calculated in accordance with ARTICLE IV, Paragraph C) received during the preceding calendar quarter. The last such payment shall be made within forty-five (45) days after termination of this Agreement. The royalty payments set forth in this Agreement shall, if overdue, bear interest until payment at a per annum rate of two and a half percent (2.5%) above the prime rate in effect at Bank of America on the due date. The payment of such interest shall not foreclose CMCC from exercising any other rights it may have as a consequence of the lateness of any payment.