Common use of Application of Payments Received by Landlord Clause in Contracts

Application of Payments Received by Landlord. Any sums of money that Landlord receives from or on behalf of Tenant may be applied by Landlord to reduce any indebtedness of Tenant to Landlord as Landlord, in its sole discretion, deems appropriate.

Appears in 3 contracts

Samples: Partial Assignment of Lease and Lease Amendment, Partial Assignment of Lease and Lease Amendment (Adherex Technologies Inc), Assignment and Assumption of Lease and Third Amendment to Lease Agreement (Compbenefits Corp)

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Application of Payments Received by Landlord. Any sums of money that Landlord Xxxxxxxx receives from or on behalf of Tenant may be applied by Landlord to reduce any indebtedness obligation of Tenant to Landlord Landlord, as Landlord, in its sole discretion, deems appropriate.

Appears in 2 contracts

Samples: Guaranty of Lease, Commercial Lease Agreement

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