Examples of Lease Fee in a sentence
Any amounts paid by Lessor to discharge such liens shall be deemed to be an additional Ground Lease Fee payable by Lessee upon demand.
In the event that Lessee fails to pay the taxes, insurance, utility bills, service bills and assessments or other charges specified in section 6.1 above, which are otherwise not part of the ground lease, Lessor may increase, but shall not be obligated to increase, Lessee’s ground Lease Fee in an amount that will offset the cost of any delinquent and current charges, and make such payments in a timely manner.
It shall be an event of default if Lessee fails to pay the Ground Lease Fee or other charges required by the terms of this Lease and such failure is not cured by Lessee or a Permitted Mortgagee within thirty (30) days after notice of such failure is given by Lessor to Lessee and Permitted Mortgagee.
The subsequent acceptance of Ground Lease Fee payments by Lessor shall not be deemed to be a waiver of any preceding breach by Lessee of any term or condition of this Lease, other than the failure of the Lessee to pay the particular Ground Lease Fee so accepted, regardless of Lessor’s knowledge of such preceding breach at the time of acceptance of such ground Lease Fee payment.
The Society shall pay to the City a monthly Lease Fee of $3,375.00 for 2024 (the “Lease Fee”) on the Commencement Date and monthly, on the 1st day of the month, thereafter.