Application of Rental Payments Sample Clauses

Application of Rental Payments. All rental payments received shall be applied: first to the Base Rental Payments due hereunder (including any prepayment premium components); and thereafter to all Additional Rental due hereunder, but no such application of any payments which are less than the total rental due and owing shall be deemed a waiver of any default hereunder.
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Application of Rental Payments. All payments by Tenant shall be deemed to be unconditional regardless of any notations or limitations that Tenant may write on the check or elsewhere. Notations such as “Payment in Full” or the like do not bind Landlord in any manner or create any legal claim, defense, reservation of rights. Landlord shall not be obligated to refuse a payment in order to preserve Landlord’s rights. Regardless of any notation on a check, and without agreeing to same, Landlord may accept any and all payments from Tenant, regardless of notations, and apply same first to any non-rent obligations of Tenant including but not limited to late charges, returned check charges, collection costs, attorney’s fees, repairs that are the responsibility of Tenant, brokerage fees, unpaid utilities, pet charges, and any other item permissible under this Lease; and then, thereafter and lastly, to Monthly Rent.
Application of Rental Payments. All payments made by the City hereunder shall be applied first to the Base Rental Payments due hereunder (including any prepayment premium components) and thereafter to all Additional Payments due hereunder, but no such application of any payments which are less than the total rental due and owing shall be deemed a waiver of any default hereunder.
Application of Rental Payments. Rental Payments received from the City in each Lease Year shall be applied first to Base Rental Payments, second to the Additional Payments described in paragraph (1) of subsection (b) of Section 3.01, and third to the Additional Payments described in paragraph (2) of subsection (b) of Section 3.01.

Related to Application of Rental Payments

  • Rental Payment Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent due hereunder after the expiration of the Abatement Period. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided herein. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated.

  • Payment of Rent (19) If the tenant is required to pre-pay rent in advance it should be selected. This is common with tenants with no or bad credit history. Section XIII.

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