Credit Against Rent Sample Clauses

Credit Against Rent. If a partial taking occurs prior to the Commencement Date that does not preclude the Tenant’s intended use of the Property, the amount of Base Rent payable by Tenant will be reduced by the amount of the condemnation award payable to Landlord pursuant to the provisions of this Lease.
Sample 1
Credit Against Rent. An annual amount equal to: all turnback sales tax receipts the City receives from 14 the sale of basketball tickets for Home Games (includes 70% of the state sales tax), pursuant to the
Sample 1
Credit Against Rent. Tenant shall have the right to use all or any portion of the Tenant Improvement Allowance as a credit against Base Rent and Additional Rent due and payable during calendar year 2018. In the event that Tenant choses to use any or all of the Tenant Improvement Allowance as a credit against Base Rent and Additional Rent, (a) Tenant shall provide Landlord with advance written notice thereof, deduct an amount equal to the Tenant Improvement Allowance from any such amounts due, and remit the balance thereof, if applicable, to Landlord in accordance with the terms of the Lease, and (b) the obligations of Sections 1, 2, 3, 4, and 5 of this Work Letter shall not apply.
Sample 1
Credit Against Rent. Tenant’s credit against rent for the advancement of the District’s share of the total cost of the levee shall be on a dollar for dollar basis until Tenant is reimbursed in full. By way of example, but not limitation: (i) if the District’s share of the total cost of the levee is $150,000, Tenant’s annual rent for the first year shall be $685,600; (ii) if the District’s share of the total cost of the levee is $650,000, then Tenant’s annual rental for the first year shall be $185,600; and (iii) if the District’s share of the total cost of the levee is $900,000, Tenant’s annual rent for the first year shall be $0 and Tenant’s annual rent for the second year shall be $771,200.
Sample 1

Related to Credit Against Rent

  • WARRANTY AGAINST CONTINGENT FEES 8.50.1 The Contractor warrants that no person or selling agency has been employed or retained to solicit or secure this Contract upon any Contract or understanding for a commission, percentage, brokerage, or contingent fee, excepting bona fide employees or bona fide established commercial or selling agencies maintained by the Contractor for the purpose of securing business. 8.50.2 For breach of this warranty, the County shall have the right to terminate this Contract and, at its sole discretion, deduct from the Contract price or consideration, or otherwise recover, the full amount of such commission, percentage, brokerage, or contingent fee.

  • Uninsured Losses; Proceedings Against Assets There shall occur any material uninsured damage to or loss, theft or destruction of any of the Collateral in excess of $5,000,000 or the Collateral or any other of the Loan Parties’ or any of their Subsidiaries’ assets are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter;

  • No Construction Against Drafter The Parties acknowledge that this Agreement and all the terms and conditions contained herein have been fully reviewed and negotiated by the Parties. Having acknowledged the foregoing, the Parties agree that any principle of construction or rule of law that provides that, in the event of any inconsistency or ambiguity, an agreement shall be construed against the drafter of the agreement shall have no application to the terms and conditions of this Agreement.

  • No Construction Against Any Party This Agreement is the product of informed negotiations between the Executive and the Company. If any part of this Agreement is deemed to be unclear or ambiguous, it shall be construed as if it were drafted jointly by all parties. The Executive and the Company agree that neither party was in a superior bargaining position regarding the substantive terms of this Agreement.

  • Preferential Collection of Claims Against Company The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein.

  • Preferential Collection of Claims Against Issuers The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein.

  • No Construction Against Drafting Party The parties and their respective counsel have had the opportunity to review the Agreement, and the Agreement will not be construed against any party merely because any provisions of the Agreement were prepared by a particular party.

  • Preferential Collection of Claims Against Issuer The Indenture Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). An Indenture Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated.

  • Preferential Collection of Claims Against the Issuers The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein.

  • Preferential Collection of Claims Against the Issuer The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein.