Common use of Rents and Other Amounts Payable Clause in Contracts

Rents and Other Amounts Payable. (a) The Company shall pay basic rent in advance to the Agency for the Facility as follows: One Dollar ($1.00) per year commencing on the Closing Date and on the first Business Day of each and every February thereafter during the term of this Facility Lease Agreement. (b) In addition to the payments of rent pursuant to Section 5.3(a) hereof, throughout the Lease Term, the Company shall pay to the Agency as additional rent, within thirty (30) days of receipt of demand therefor, the expenses of the Agency and the members thereof incurred (i) by reason of the Agency's ownership or leasing of the Facility or (ii) in connection with the carrying out of the Agency's duties and obligations under the Agency Documents, the payment of which is not otherwise provided for under this Facility Lease Agreement. The Agency does not charge any annual or continuing administrative or management fee beyond any initial administrative fee or fee for services rendered by the Agency. (c) The Company, under the provisions of this Section 5.3, agrees to make the above-mentioned payments in immediately available funds and without any further notice in lawful money of the United States of America. In the event the Company shall fail to timely make any payment required in Section 5.3(a) or 5.3(b), the Company shall pay the same together with interest on such payment at a rate equal to two percent (2%) plus the Prime Rate, but in no event at a rate higher than the maximum lawful prevailing rate, from the date on which such payment was due until the date on which such payment is made.

Rents and Other Amounts Payable. (a) The Company shall pay basic rent in advance to the Agency for the Facility as follows: One Dollar ($1.00) per year commencing on the Closing Date and on the first Business Day of each and every February January 1 thereafter during the term of this Facility Lease Agreement. (b) In addition to the payments of basic rent pursuant to Section 5.3(a4.3(a) hereof, throughout the Lease Term, the Company shall pay to the Agency as additional rent, within thirty ten (3010) days of receipt of demand therefor, an amount equal to the sum of the expenses of the Agency and the members thereof incurred (i) by reason of the Agency's ownership ’s ownership, leasing, subleasing, or leasing financing of the Facility Facility, or (ii) in connection with the carrying out of the Agency's ’s duties and obligations under the Agency Documents, the payment of which is not otherwise provided for under this Facility Lease Agreement. The Agency does not charge foregoing shall be in addition to any annual or continuing administrative or management fee beyond any initial administrative fee or fee for services rendered imposed by the AgencyAgency now or hereafter. (c) The Company, under the provisions of this Section 5.34.3, agrees to make the above-mentioned payments in immediately available funds and without any further notice in lawful money of the United States of America. In the event the Company shall fail to timely make any payment required in Section 5.3(a4.3(a) or 5.3(b4.3(b), the Company shall pay the same together with interest on such payment at a rate equal to two percent (2%) plus the Prime Rate, but in no event at a rate higher than the maximum lawful prevailing rate, from the date on which such payment was due until the date on which such payment is made.

Rents and Other Amounts Payable. (a) The Company shall pay basic rent in advance to the Agency for the Company Facility as follows: One Dollar ($1.00) per year commencing on the Closing Date and on the first Business Day of each and every February January 1 thereafter during the term of this Facility Lease Agreement. In addition, the Company shall pay to the Agency an annual compliance fee of $1,000 on or before January 1 of each year commencing January 1, 2022 and continuing through the Lease Term. (b) In addition to the payments of basic rent pursuant to Section 5.3(a4.3(a) hereof, throughout the Lease Term, the Company shall pay to the Agency as additional rent, within thirty ten (3010) days of receipt of demand therefor, an amount equal to the sum of the expenses of the Agency and the members thereof incurred (i) by reason of the Agency's ownership ownership, leasing, subleasing, or leasing financing of the Facility Company Facility, or (ii) in connection with the carrying out of the Agency's duties and obligations under the Agency Documents, the payment of which is not otherwise provided for under this Facility Lease Agreement. The Agency does not charge foregoing shall be in addition to any annual or continuing administrative or management fee beyond any initial administrative fee or fee for services rendered imposed by the AgencyAgency now or hereafter. (c) The Company, under the provisions of this Section 5.34.3, agrees to make the above-mentioned payments in immediately available funds and without any further notice in lawful money of the United States of America. In the event the Company shall fail to timely make any payment required in Section 5.3(a4.3(a) or 5.3(b4.3(b), the Company shall pay the same together with interest on such payment at a rate equal to two percent (2%) plus the Prime Rate, but in no event at a rate higher than the maximum lawful prevailing rate, from the date on which such payment was due until the date on which such payment is made.

Rents and Other Amounts Payable. (a) The Company shall pay basic rent in advance to the Agency for the Facility as follows: One Dollar ($1.00) per year commencing on the Closing Date and on the first Business Day of each and every February 1 thereafter during the term of this Facility Lease Agreement. (b) In addition to the payments of rent pursuant to Section 5.3(a) hereof, throughout the Lease Term, the Company shall pay to the Agency as additional rent, within thirty ten (3010) days of receipt of demand therefor, the expenses of the Agency and the members thereof incurred (i1) by reason of the Agency's ownership or leasing of the Facility or (ii) in connection with the carrying out of the Agency's duties and obligations under the Agency Documents, the payment of which is not otherwise provided for under this Facility Lease Agreement. The Agency does foregoing shall not charge be deemed to include any annual or continuing administrative or management fee beyond any initial administrative fee or fee for services rendered by the Agency., (c) The Company, under the provisions of this Section 5.3, agrees to make the above-mentioned payments in immediately available funds and without any further notice in lawful money of the United States of America. In the event ▇▇▇▇▇ the Company shall fail to timely make any payment required in Section 5.3(a) or 5.3(b), the Company shall pay the same together with interest on such payment at a rate equal to two percent (2%) plus the Prime Rate, but in no event at a rate higher than the maximum lawful prevailing rate, from the date on which such payment was due until the date on which such payment is made.,