Lease Payments. No Borrower will, or will permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments except in the Ordinary Course of Business.
Lease Payments. Tenant agrees to pay to Landlord as rent for the Premises the amount of ___________________________ dollars ($______________) each month in advance on the 1st day of each month at ____ month of ___________________, 20_____ or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.
Lease Payments. Upon execution of the Memorandum of Commencement Date, the form of which is attached to the Facilities Lease as Exhibit E, the District shall commence making lease payments to Developer in accordance with the Schedule attached hereto as Attachment 3.
Lease Payments. Tenant agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly. LATE CHARGES: Rent is due on the 1st of each month. If any or all of the rent is not received by the of the month, $ per day will be charged as late fees until full rental payment is received. If rent is not received by the of the month, Tenant will be considered in breach of the Lease Agreement and eviction proceedings will be initiated. INSUFFICIENT FUNDS: Tenant agrees to pay the charge of $ for each check given by Tenant to Landlord that is returned to Landlord for lack of sufficient funds.
Lease Payments. Lessee agrees to pay to Lessor as rent for the Equipment the amount of $ (“Rent”) each month in advance on the first day of each month at: (address for rent payment) or at any other address designated by Lessor. If the Lease Term does not start on the first day of the month or end on the last day of a month, the rent will be prorated accordingly.
Lease Payments. Xxxxxx agrees to pay to Landlord as rent for the Premises the amount of dollars ($ ) each month in advance on the 1st day of each month at or at any other address designated by Landlord. If the Lease Term does not start on the 1st day of the month or end on the last day of a month, the first and last month’s rent will be prorated accordingly.
Lease Payments. Tenant shall pay to Landlord a total annual lease payment of $90,300.00, payable in advance, in installments of $7,525.00 per month on the first day of each month. Lease payments shall be made to the Landlord at P. 0. Xxx 0000, Xxxxxxxx, Xxxxxxxxx 00000-0000, as may be changed front time to time by Landlord.
Lease Payments. Subject to the terms hereof, the Lessee hereby agrees to pay to the Lessor the Lease Payments and to the appropriate parties the Additional Lease Payments in the amounts, at the times and in the manner hereinafter set forth, such amounts constituting in the aggregate the rent payable under this Lease.
Lease Payments. Borrower will not, and will not permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments under a lease with a lease term of one year or more if, after giving effect thereto, the aggregate amount of minimum lease payments that Borrower and its Consolidated Subsidiaries have so incurred or assumed will exceed, on a consolidated basis, $2,000,000 for any calendar year under all such leases (excluding Capital Leases).
Lease Payments. Lessee agrees to pay to Lessor lease payments, comprised of the principal and interest, in the amounts set forth in the payment schedule attached hereto as Exhibit B. All payments shall be made in arrears for the preceding period, and shall be absolute and unconditional in all events, without abatement, diminution, deduction, set-off or defense, for any reason, including without limitation any failure of the Equipment to be delivered or installed, any defects, malfunctions, breakdowns or infirmities in the Equipment or any accident, condemnation or unforeseen circumstances, except as expressly provided in Section 6 of this Lease, provided with respect to any item of Equipment Lessor has provided the funds to finance such item of Equipment and no payment with respect to such item of Equipment has been withheld from a vendor. Lessor shall provide invoices to Lessee in a timely manner. The obligation of Lessee to pay lease payments hereunder constitutes a special obligation of the State of West Virginia. The obligation may be met from any funds legally available to the Lessee and shall be cancelable at the option of the Lessee at the end of any fiscal year. The obligation, or any assignment or securitization of the obligation, never constitutes an indebtedness of the State of West Virginia or any department, agency or political subdivision of the state, within the meaning of any constitutional provision or statutory limitation, and may not be a charge against the general credit or taxing powers of the state or any political subdivision of the state. Lessee reasonably believes that sufficient funds can be obtained to make all lease payments during the term of this Lease and hereby covenants that it will use its best efforts to obtain, maintain and properly request funds from which the lease payments may be made, including making provisions for such payments to the extent necessary in each budget submitted for the purpose of obtaining funding, using its best efforts to have such portion of the budget approved. Lessee intends to make lease payments for the full term of this Lease and represents that the Equipment will be used for one or more authorized governmental or proprietary functions essential to their proper, efficient and economic operation.
