Common use of Installment Payment Clause in Contracts

Installment Payment. Lessee shall have the right to execute in the name of the Lessor and as its attorney in fact such agreement or agreements or other instrument which may be required or permitted by law to permit the payment of such taxes or assessments in installments, but Lessee shall not be liable to pay any installments for taxes not due at the end of this original or any renewed term after occupancy of the Lessee has closed.