Common use of Accrual of Annual Basic Rent Clause in Contracts

Accrual of Annual Basic Rent. The Annual Basic Rent shall accrue from day to day. Where the calculation of any Additional Rent is not made until the termination or expiry of this Lease, the obligation of the Tenant to pay such Additional Rent shall survive the termination or expiry of this Lease and such amounts shall be payable by the Tenant upon demand by the Landlord.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Source Interlink Companies Inc), Lease (Vidatron Entertainment Group Inc), Indenture (Ableauctions Com Inc)

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Accrual of Annual Basic Rent. The Annual Basic Rent shall will accrue from day to day. Where the calculation of any Additional Rent is not made until the termination or expiry of this Lease, the obligation of the Tenant to pay such Additional Rent shall will survive the termination or expiry of this Lease and such amounts shall will be payable by the Tenant upon demand by the Landlord.

Appears in 1 contract

Samples: Certain Confidential Information (Western Magnesium Corp.)

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