Cash Inducement Sample Clauses

Cash Inducement. Tenant presently leases space at 000 Xxxxx Xxxx in Burlingame, California, pursuant to that certain lease (the “Existing Lease”) entered into between Tenant’s existing landlord (“Current Landlord”), as landlord, as Tenant, as tenant. Tenant is currently negotiating with Current Landlord to terminate the Existing Lease prior to the end of its stated term. If Tenant desires to pay Current Landlord any consideration for terminating the Existing Lease (hereinafter referred to as the “Termination Payment”), as distinguished from any amounts that Tenant pays or that are due to Current Landlord for past or future rent under the Existing Lease, then Landlord shall pay to Tenant an amount equal to the amount of the Termination Payment not to exceed Two Hundred Thousand Dollars ($200,000) (hereinafter referred to as the “Cash Inducement”) to be applied by Tenant to the Termination Payment. Landlord shall pay the Cash Inducement to Tenant within ten (10) days after Tenant delivers to Landlord Tenant’s written request for payment of the Cash Inducement.
Sample 1
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Cash Inducement. Landlord shall pay Tenant $350,000.00 in immediately available funds (the "CASH INDUCEMENT") within ten (10) days of the date that Tenant takes possession of the Premises for the purposes of conducting its business therein.
Sample 1
Cash Inducement. Landlord and Tenant acknowledge that Tenant is currently leasing office space (the “Lakeside Premises”) at the office building known us Lakeside Office Park located at 0000 Xxxxxxxxx Xxxxx, Xxxxxxxx X, Xxxxx 000, Xxxxxxx, Xxxxxxx (the “Lakeside Lease”) from which Tenant will be relocating in connection with this lease and which Lakeside Lease does not expire until June 30, 2007. As a further inducement to Tenant to enter into this lease, so long as this lease is in full force and effect and no uncured monetary event of default then exists under this lease following notice and the expiration of any applicable cure period, Landlord has agreed to pay Tenant an amount up to Five Million Four Hundred Thousand Dollars ($5,400,000.00) (the “Cash Inducement”), subject to the terms of this paragraph 12, in order to offset the rental obligations coming due under the Lakeside Lease. Subject to the preceding sentence, such Cash Inducement shall be payable by Landlord to Tenant in monthly installments by the 20th day of each preceding month beginning on February 20, 2004 and ending on May 20, 2007, in accordance with the Cash Inducement Schedule attached hereto as Exhibit H-l and incorporated herein by this reference, which may be adjusted from time to time based on any savings realized by Tenant under the Lakeside Lease as set forth below. Notwithstanding the foregoing, should at any time Tenant sublease all or any portion of the Lakeside Premises or should at any time the Lakeside Lease be assigned or terminated (it being acknowledged by Landlord that Tenant shall have no obligation to do so and Tenant shall have no liability to Landlord for failing to do so), the then remaining portion of the Cash Inducement shall be reduced by fifty percent (50%) of the resulting net savings realized by Tenant against Tenant’s remaining rental obligations (including, without limitation, operating expenses, but after Tenant has recovered all leasing commissions, tenant improvement allowances, free rent and reasonable attorneys fees incurred in connection therewith) under the Lakeside Lease as a result thereof. By way of example, if the Cash Inducement balance is then $1,000,000 and Tenant subleases all of the Lakeside Premises and receives rent under the sublease and reduces its rental obligation under the Lakeside Lease as a result thereof by $500,000 through the remaining term of the Lakeside Lease, then the resulting savings under the Lakeside Lease of $500,000 shall be shared eq...
Sample 1
Cash Inducement. As an inducement for the Tenant to enter into this Lease, so long as the Tenant is not in default herein, the Landlord shall pay to the Tenant a cash inducement in the amounts and on the dates set out below: Date of payment Amount of payment March 31, 2006 $102,247.77 plus GST June 30, 2006 $102,247.77 plus GST September 30, 2006 $102,247.77 plus GST November 30, 2006 $68,165.18 plus GST If the Landlord fails to pay any instalments of this cash inducement to the Tenant, when otherwise due to the Tenant, and same remains unpaid for a period of 10 Business Days following notice from the Tenant thereof, then the Tenant may set-off such unpaid instalment(s) together with interest thereon at a rate of 6 percent per annum from the Rent next coming due until set-off in full.
Sample 1

Related to Cash Inducement

  • Covenants and Continuing Agreements So long as any amount owing in respect of the Obligations (whether or not due) shall remain unpaid, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Arrangement fee The Borrower shall pay to the Arranger an arrangement fee in the amount and at the times agreed in a Fee Letter.

  • Notification of Non-payment The Global Agent shall forthwith notify Xxxxxxx Mac by facsimile, e-mail or other rapid means of communication if it has not received the full amount for any payment due in respect of the Notes on the date such payment is due. The Global Agent shall have no liability, responsibility, duty or obligation to any Holder or beneficial owner of Notes to take any action against Issuer in the event that Issuer fails to make available funds sufficient to pay amounts due and payable and owing to any Holder on any Payment Date. The Global Agent shall give issuance instructions to DTC in accordance with DTC’s procedures.

  • Non-Use and Non-Disclosure The Receiving Party agrees not to use any Confidential Information for any purpose except to evaluate and engage in discussions concerning a potential business relationship between the parties hereto. Receiving Party agrees not to disclose any Confidential Information to third parties or to its employees, except to those employees who are required to have the information in order to evaluate or engage in discussions concerning the contemplated business relationship. The Receiving Party shall not reverse engineer, disassemble or decompile any prototypes, software or other tangible objects which embody the Disclosing Party's Confidential Information and which are provided to the Receiving Party hereunder.

  • No Existing Non-Competition Agreements No Insider is subject to any non-competition agreement or non-solicitation agreement with any employer or prior employer which could materially affect his ability to be an employee, officer and/or director of the Company, except as disclosed in the Registration Statement.

  • Non-Disclosure and Non-Use During the Term and for [***] years thereafter, each of Miltenyi and Autolus shall keep Confidential Information of the other Party in strict confidence and shall not (i) use the other Party’s Confidential Information for any use or purpose except as expressly permitted under this Agreement, the Quality Agreement or as otherwise authorized in writing in advance by the other Party, or (ii) disclose the other Party’s Confidential Information to anyone other than those of its Affiliates, Subcontractors, directors, officers, employees, agents, contractors, collaborators and consultants, and in the case of Autolus, its Licensees (collectively, “Authorized Representatives”) who need to know such Confidential Information for a use or purpose expressly permitted under this Agreement. Each Receiving Party shall take reasonable measures to protect the secrecy of and avoid disclosure and unauthorized use of the Confidential Information of the Disclosing Party. Without limiting the foregoing, each Receiving Party shall take at least those measures that it takes to protect its own confidential information of a similar nature and shall ensure that any Authorized Representative of the Receiving Party who is permitted access to Confidential Information of the Disclosing Party pursuant to clause (ii) in the first sentence of this Section 14.2 is contractually or legally bound by obligations of non-disclosure and non-use in scope and content at least as protective of the Disclosing Party’s Confidential Information as the provisions hereof prior to any disclosure of the Disclosing Party’s Confidential Information to such Authorized Representative. The Receiving Party shall be responsible for any breach of this Agreement by its Authorized Representatives.

  • Effect of Non-Payment 51.22.1 If the billed Party does not pay all undisputed charges by the Bill Due Date, the billing Party may discontinue processing orders for services provided under this Agreement and may invoke the Default provisions of Section 6.6 on or after the tenth (10th) Day following the Bill Due Date provided the billing Party notifies the other Party in writing, via email or certified mail, at least five (5) Days prior to discontinuing the processing of orders. If the billing Party continues to accept additional orders for service(s) after the date specified in such notice, and the billed Party’s non-compliance continues, nothing contained herein shall preclude the billing Party from refusing to accept any or all additional orders for service(s) from the non-complying Party without further notice. For order processing to resume, the billed Party will be required to make full payment of all past and current undisputed charges under this Agreement. Additionally, the billing Party may require a deposit or assurance of payment

  • Agreements and Conditions On or before the Closing Date, Seller shall have complied with and duly performed and satisfied in all material respects all agreements and conditions on its part to be complied with and performed by such date pursuant to this Agreement.

  • Non-Disclosure Agreement In some cases, Contractor may be required to sign a Non-Disclosure Agreement in a form acceptable to the Agency in order to protect confidential State data to which the Contractor, its employees, subcontractors or agents may have access.

  • Nondisclosure and Nonuse Obligations Director will use the Confidential Information solely to perform his obligations for the benefit of the Company hereunder. Director will treat all Confidential Information of the Company with the same degree of care as Director treats his own Confidential Information, and Director will use his best efforts to protect the Confidential Information. Director will not use the Confidential Information for his own benefit or the benefit of any other person or entity, except as being specifically permitted in this Agreement. Director will immediately give notice to the Company of any unauthorized use or disclosure by or through him, or of which he becomes aware, of the Confidential Information. Director agrees to assist the Company in remedying any such unauthorized use or disclosure of the Confidential Information.

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