Common use of Application for Rent Clause in Contracts

Application for Rent. In the event that Landlord shall elect so to relet, then rentals received by Landlord from such reletting shall be applied first, to the payment of any indebtedness, other than rent due hereunder, owed by Xxxxxx to Landlord; second, to the payment of any cost of such reletting; third, to the payment of the cost of any alterations and repairs to the demised premises; fourth, to the payment of rent due and unpaid hereunder; and the residue, if any, shall be held by Landlord and applied in payment of future rent as the same may become due and payable hereunder. Should that portion of such rentals received from such reletting during any month, which is applied to the payment of rent hereunder, be less than the rent payable during that month by Tenant hereunder, then Tenant shall pay such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. Tenant shall also pay to Landlord, as soon as ascertained, any costs and expenses incurred by Landlord in such reletting or in making such alterations and repairs not covered by the rentals received from such reletting.

Appears in 1 contract

Samples: Storefront Sign Agreement

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Application for Rent. In the event that Landlord shall elect so to relet, then rentals received by Landlord from such reletting shall be applied first, to the payment of any indebtednessamount due under this Lease, other than rent Base Rent due hereunder, owed by Xxxxxx Tenant to Landlord; second, second to the payment of any cost of such reletting; third, to the payment of the cost of any alterations and repairs to the demised premisesPremises; fourth, to the payment of rent Base Rent due and unpaid hereunder; and the residue, if any, shall be held by Landlord and applied in payment of future rent as the same may become due and payable hereunder. ; Should that portion of such rentals received from such reletting during any month, which is applied to the payment of rent hereunder, be less than the rent payable during that month by Tenant hereunder, then Tenant shall pay such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. Tenant shall also pay to Landlord, as soon as ascertained, any costs and expenses incurred by Landlord in such reletting reletting, including but not limited to reasonable brokerage commissions, or in making such alterations and repairs not covered by the rentals received from such reletting.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund Xxi LTD Partnership)

Application for Rent. In the event that Landlord shall elect so to reletrolet, then rentals received by Landlord from such reletting relating shall be applied first, to the payment of any indebtedness, other than rent due hereunder, owed by Xxxxxx Tenant to Landlord; second, second to the payment of any cost of such reletting; third, to the payment of the cost of any alterations and repairs to the demised premises; fourth, to the payment of rent due and unpaid hereunder; and the residue, residue if any, shall be held by Landlord landlord and applied in payment of future rent as the same may become due and payable hereunder. Should that portion of such rentals rental received from such reletting during any month, which is applied to the payment of rent hereunder, be less than the rent payable during that month by Tenant hereunder, then Tenant shall pay such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. Tenant shall also pay to Landlord, as soon as ascertained, any costs and expenses incurred by Landlord in such reletting or in making any such alterations alteration, and repairs not covered by the rentals received from such reletting.

Appears in 1 contract

Samples: Office Lease (American Vantage Companies)

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Application for Rent. In the event that Landlord shall elect so to relet, then rentals received by Landlord from such reletting shall be applied first, to the payment of any indebtedness, other than rent due hereunder, owed by Xxxxxx Tenant to Landlord; second, second to the payment of any cost of such reletting; third, to the payment of the cost of any alterations and repairs to the demised premises; fourth, to the payment of rent due and unpaid hereunder; and the residue, if any, shall be held by Landlord and applied in payment of future rent as the same may become due and payable hereunder. Should that portion of such rentals received from such reletting during any month, which is applied to the payment of rent hereunder, be less than the rent payable during that month by Tenant hereunder, then Tenant shall pay such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. Tenant shall also pay to Landlord, as soon as ascertained, any costs and expenses incurred by Landlord in such reletting or in making any such alterations and repairs not covered by the rentals received from such reletting.

Appears in 1 contract

Samples: Lease (Meganet Corp)

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