Lease Consideration. Upon execution of the lease Tenant has paid the Base Rent for the first full month to the lease term for which rent is payable and in addition has paid the sum of $ -0- as lease consideration. Landlord may apply the lease consideration to pay the cost of performing any obligation which Tenant fails to perform within the time required by this lease, but such application by Landlord shall not be the exclusive remedy for Tenant's default. If the lease consideration is applied by Landlord, Tenant shall on demand, pay the sum necessary to replenish the lease consideration to its original amount. To the extent not applied by Landlord to cure defaults by Tenant, the lease consideration shall be applied against the rent payable for the last month of the term. The lease consideration shall not be refundable.
Lease Consideration. As consideration for Lessor’s lease of the Rented Premises to Lessee, Lessee shall pay to Lessor annual rent of $ payable in twelve (12) equal monthly installments of $ each on the first day of each month, in advance, to the Lessor, beginning on the issuance of a building permit or three (3) months after the execution of the Lease Agreement, whichever is sooner. Should any delay in the issuance of the project building permit beyond 3 months from the execution date be due to factors outside the control of Xxxxxx, then Lessor shall agree to extend the rent start date until permit is issued. The Lease consideration shall be adjusted annually at the rate of three percent (3%) per annum. In the event the rent commencement date, falls between the 1st and 15th of the month, the Agreement shall commence on the 1st of that month and if such date falls between the 16th and 31st of the month, then the Agreement shall commence on the 1st day of the following month (either the "Commencement Date"). Lessor and Xxxxxx acknowledge and agree that initial rental payment(s) shall not actually be sent by Xxxxxx until thirty (30) days after the Commencement Date. By way of illustration of the preceding sentence, if the Commencement Date is January 1, Lessee shall send to the Lessor the rental payments for January 1 and February 1 by February 1. Upon agreement of the Parties, LESSEE may pay rent by electronic funds transfer and in such event, XXXXXX agrees to provide to LESSEE bank routing information for such purpose upon request of LESSEE. Upon execution of this document, and prior to commencement of construction by Lessee under this Agreement, Lessee shall pay to Lessor the amount of three thousand dollars ($3,000.00) (“Up-Front Payment”) to cover Lessor’s costs associated with the project. Lessor hereby agrees to provide to Lessee certain documentation (the “Rental Documentation”) evidencing Lessor’s interest in, and right to receive payments under, this Agreement, including without limitation: (i) documentation, acceptable to Lessee in Lessee reasonable discretion, evidencing XXXXXX’s good and sufficient title to and/or interest in the Property and right to receive rental payments and other benefits hereunder; (ii) a complete and fully executed Internal Revenue Service Form W-9, or equivalent, in a form acceptable to Lessee, for any party to whom rental payments are to be made pursuant to this Agreement; and (iii) other documentation requested by Xxxxxx in Xxxxxx’s reasona...
Lease Consideration. (a) Beginning sixty (60) days following the commencement of Services (as defined below) from any Unit at each Travel Center pursuant to Paragraph 6 below, Lessee agrees to pay to Landlord the consideration set forth in the Revenue and Profit Allocation Schedule attached hereto as Exhibit B (the “Lease Consideration”). Lessee will report monthly to Landlord the revenues generated. Each such monthly report shall be in the form attached hereto as Exhibit C (with such additional information as Landlord may reasonably request from time to time) and provided to Landlord within twenty-five (25) days of the end of each calendar month accompanied by payment to Landlord by Lessee of the Lease Consideration. In addition, Lessee shall provide Landlord with prior written notice at least forty-five (45) days prior to any changes from time to time in the prices it charges customers for the Services, and shall not reduce prices from the level in effect on the date of this Agreement by more than 20% without the prior written consent of Landlord.
Lease Consideration. The consideration for this lease is the mutual covenants of the parties. As partial consideration for this lease and annually upon request by the Owner, the Tenant agrees to furnish Owner a signed current financial statement reflecting Tenant's financial condition. As consideration for the preparation of this lease, the Tenant has delivered to the Owner the sum of $12,000.00 upon execution of this lease, and Tenant agrees to deliver to the Owner an additional $12,000.00 prior to Tenant's occupancy of the premises. Said sums to be applied to the first and subsequent rental due hereunder after this lease is executed by both parties.
Lease Consideration. Upon execution of the Lease, Tenant has paid the Base Rent for the first full month of the Lease term for which rent is payable.
Lease Consideration. Beginning 180 days after installation at each Travel Center pursuant to Paragraph 6 below, Lessee agrees to pay to Landlord the consideration set forth in the Revenue and Profit Allocation Schedule attached hereto as Exhibit B (the “Lease Consideration”). Lessee will report monthly to Landlord the revenues generated by the above described activities. Each such monthly report shall be provided to Landlord within forty-five (45) days of the end of each calendar month accompanied by payment to Landlord by Lessee of its share of the revenues and profits evidenced by the revenue report.
Lease Consideration. The Lessors, for and in consideration of the payment of the rents and payments in the nature of rent herein reserved and agreed to be made by the Lessee, and of the performance and observance by the Lessee of all and singular, the terms, covenants, conditions, provisions and agreements which are herein contained, and which are to be kept, performed, observed and fulfilled by the Lessee, and subject to the matters hereinafter set forth, has demised and leased, and by these presents does demise and lease unto the Lessee, and the Lessee has hired, and by these presents does hire and take from the Lessor, for the term hereinafter provided, certain real property located at 0000 Xxxxxx Xxxxxx --------------------------------------------------------------------- in the City of Monrovia , County of Los Angeles , State of California, ----------------- -------------- and all improvements now located thereon or provided to be constructed thereon, as particularly described, set forth or provided in Schedule "A" attached hereto, and in conformance with the plans and specifications and plot plan therefor, Exhibit "A", that has been mutually agreed to and approved by endorsement thereon by both parties hereto.
Lease Consideration. Upon execution of the lease Tenant has paid the Base Rent for the first full month of the lease term for which rent is payable and in addition has paid the sum of $7,373.75 as lease consideration. Landlord may apply the lease consideration to pay the cost of performing any obligation which Tenant fails to perform within the time required by this lease, but such application by Landlord shall not be the exclusive remedy for Tenant’s default. If the lease consideration is applied by Landlord, Tenant shall on demand pay the sum necessary to replenish the lease consideration to its original amount. To the extent not applied by Landlord to cure defaults by Tenant, the lease consideration shall be applied to costs at the end of the lease term, including but not limited to, repairs in excess of “normal wear and tear” and reconciliation of operating expenses. Any portion of the lease consideration not used to cover the end of term expenses shall be refundable. If Tenant is in default under this Lease more than two (2) times within any twelve-month period, irrespective of whether or not such default is cured, then without limiting Landlord’s other rights and remedies provided for in this Lease or at law or equity, the lease consideration shall automatically be increased by an amount equal to three (3) times the original lease consideration.
Lease Consideration. As at the date of this announcement, the RMB benchmark lending rate for term loans of more than five years promulgated by the PBOC is 6.55% per annum. Based on this interest rate and assuming the Purchase Consideration will be paid by Kunlun Financial Leasing in three equal instalments every two months after the execution of the Finance Lease Agreement in accordance with the notice of payment issued by Sichuan Petrochemical, the total amounts of lease interests and pre-lease interests for the entire term of the Finance Lease Agreement are approximately RMB1,061 million (equivalent to approximately HK$870 million) and RMB33 million (equivalent to approximately HK$27 million), respectively. The Lease Consideration for the entire term of the Finance Lease Agreement is approximately RMB4,094 million (equivalent to approximately HK$3,357 million). In the event that PBOC adjusts the RMB benchmark lending rate for term loans of more than five years, the rate for lease interests and pre-lease interests under the Finance Lease Agreement will be adjusted accordingly. Kunlun Financial Leasing will issue a notice of adjustment to the pre-lease interests and the lease rent to Sichuan Petrochemical. The Lease Consideration has been determined after arm’s length negotiation between Sichuan Petrochemical and Kunlun Financial Leasing with reference to the prevailing market rate for comparable assets finance leases. Titles of the Lease Assets shall vest in Kunlun Financial Leasing throughout the lease period. Subject to there being no default by Sichuan Petrochemical under the Finance Lease Agreement, or that such default has been rectified by Sichuan Petrochemical and accepted by Kunlun Financial Leasing, and upon the expiry of the Finance Lease Agreement, Sichuan Petrochemical has an option to purchase the Lease Assets from Kunlun Financial Leasing at a nominal price of RMB10,000 (equivalent to approximately HK$8,200). Upon the receipt of full payment by Kunlun Financial Leasing, titles of the Lease Assets shall vest in Sichuan Petrochemical on an as-is basis. Pursuant to the Finance Lease Agreement, Sichuan Petrochemical has conditionally agreed to sell and Kunlun Financial Leasing has conditionally agreed to purchase the Lease Assets at the consideration of RMB3,000 million (equivalent to approximately HK$2,460 million). Payment of the Purchase Consideration by Kunlun Financial Leasing under the Finance Lease Agreement will be made by instalments and is subject to the f...
Lease Consideration. Upon LESSEE'S execution of the LEASE, LESSEE shall pay the Base Rent for the first full month of the LEASE term for which rent is payable and in addition shall pay the sum of $18,850.00, as LEASE CONSIDERATION. LESSOR may apply the LEASE CONSIDERATION to pay the cost of performing any obligation which LESSEE fails to perform within the time required by this LEASE, but such application by LESSOR shall not be the exclusive remedy for the LESSEE'S default. If the LEASE CONSIDERATION is applied by LESSOR, LESSEE shall on demand pay the sum necessary to replenish the LEASE CONSIDERATION to its required amount. To the extent not applied by LESSOR to cure defaults by LESSEE, the LEASE CONSIDERATION shall be applied against the rent payable for the last month of the term. The LEASE CONSIDERATION shall not be refundable. When the Base Rent is adjusted per the terms of this LEASE, an additional amount shall be paid to bring the LEASE CONSIDERATION amount equal to the newly adjusted Base Rent amount.
5.1 USE LESSEE shall use the Premises for professional business office use only (see exception below) with no retail sales or manufacturing and for no other purpose without LESSOR'S consent. In connection with its use, LESSEE shall at its expense promptly comply with all applicable laws, ordinances, rules and regulations of any public authority and shall not annoy, obstruct, or interfere with the rights of the other tenants of the Building. LESSEE shall create no nuisance nor allow any objectionable fumes, noise, or vibrations to be emitted from the Premises. LESSEE shall not conduct any activities that will increase LESSOR'S insurance rates for any portion of the Building or that will in any manner degrade or damage the reputation of the Building.
