Lease Rent. 5.1. As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Term, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under: 5.1.1. Lease Rent as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II. 5.1.2. Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 of Schedule II. 5.2. The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar day of each and every Month at the Lessor’s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day. 5.3. Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein above. 5.4. The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where the no of days is 90), the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date till the date of payment. 5.5. The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out. 5.6. It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.
Appears in 1 contract
Samples: Lease Agreement (Freshworks Inc.)
Lease Rent. 5.1. As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Initial Term, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:: /s/KM /s/PM Lessor’s initial Lessee’s initial
5.1.1. Lease Rent as stipulated in Item 13 of Schedule 00 xx Xxxedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II.
5.1.2. Escalated Lease Rent (if applicable) as stipulated in Item 9 16 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 16 of Schedule II.
5.2. The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar day of each and every Month at the Lessor’s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.
. 5.3. Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein abovehereinabove.
5.4. The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where the no of days is 90), the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date for satisfaction of the said obligation and till the date of payment.. /s/KM /s/PM Lessor’s initial Lessee’s initial
5.5. The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.
5.6. It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.
Appears in 1 contract
Samples: Lease Deed (Freshworks Inc.)
Lease Rent. 5.1. As and by way of consideration (a) The LESSEE agrees to pay the lease rent for the grant of lease warm shell of the Demised Premises at the rate of Rs. 34/-(Rupees Thirty Four) per Sq. Ft. per month, for the total area of 14,700 Sq. Ft. taken on lease amounting to a total lease rent of Rs.499,800/- (Rupees Four Lakhs Ninety Nine Thousand and Eight Hundred) plus service tax/VAT as applicable subject to deduction of applicable taxes at source as required by law, and the same shall be paid in advance by cheque payable on or before the 7th day of each calendar month. This rental rate would include high-side A/C & Power, Air Handling Units, 100% power back up provisions, common area flooring, electric cables up to the Demised Premises. The rent is inclusive of all taxes, cesses, rates, levies, outgoings, charges, etc., payable by the Lessor LESSOR to any association or any other public authority and any other charges except those specifically agreed to be borne by the LESSEE as hereinafter provided. The LESSEE shall bear service tax / VAT as applicable charged on rent for commercial premises at the prevalent rates. All other future taxes, levied by any governmental/statutory authority in relation to the LesseeLease of the Demised Premises and in relation to the maintenance of the common areas (excluding direct taxes on the income of the LESSOR or taxes related to or in connection with ownership of the Land/Unit by the LESSOR), shall be to the Lessee covenants account of the LESSEE.
(b) The lease rent is subject to escalation of 15% on the last month rent beginning at every 3 years of this lease agreement.
(c) All rental payments shall be addressed to LESSOR at the address set forth on page one (1) of this Deed, or at such other place as LESSOR may from time to time designate by written notice to XXXXXX. The terms and agrees that it shall, provision of this Paragraph shall survive the expiration or termination of the lease as to all sums accrued and unpaid during the Lease Termterm of the Deed.
(d) The lease rent per sq. ft. for the super built-up area does not include charges viz electricity charges, pay to interest on delayed payment, if any / charges for using facilities in commercial areas, payable and due by the Lessor without demand, delay and/or demur by way of Lease Rent LESSEE from time to time as under:agreed in writing between the PARTIES (look at clause 4c) or other charges specifically payable by the LESSEE under this Deed.
5.1.1. Lease Rent as stipulated in Item 13 of Schedule II due and payable (e) The LESSEE shall be charged for electricity consumed within the Demised Premises for the period stated in Item 13 of Schedule II.
5.1.2. Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 of Schedule II.
5.2. The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance at ongoing state rates on or before the 7th calendar day of each and every Month at the Lessor’s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.
5.3. Should the Lease Rent Commencement Date be any date other than the 1st day basis of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid separate meter fitted in the manner indicated in Clause 5.2 herein above.
5.4. The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where the no of days is 90), the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date till the date of payment.
5.5. The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.
5.6. It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.
Appears in 1 contract
Samples: Lease Agreement (Intelligroup Inc)
Lease Rent. 5.1. 5.1 As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Initial Term, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:
5.1.1. 5.1.1 Lease Rent as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II.
5.1.2. 5.1.2 Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 of Schedule II.
5.2. 5.2 The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar day of each and every Month at the Lessor’s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.
5.3. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Xxxxxx’x initial Lessee’s initial 5.3 Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein abovehereinabove.
5.4. The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where the no of days is 90), the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date till the date of payment.
5.5. The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.
5.6. It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.
Appears in 1 contract
Samples: Lease Agreement (Freshworks Inc.)
Lease Rent. 5.1. 5.1 As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Initial Term, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:
5.1.1. 5.1.1 Lease Rent as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II.
5.1.2. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Xxxxxx’x initial Lessee’s initial 5.1.2 Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 of Schedule II.
5.2. 5.2 The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar day of each and every Month at the Lessor’s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.
5.3. 5.3 Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein abovehereinabove.
5.4. 5.4 The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where the no of days is 90), the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date till the date of payment.. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Xxxxxx’x initial Lessee’s initial
5.5. 5.5 The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.
5.6. 5.6 It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.
Appears in 1 contract
Samples: Lease Agreement (Freshworks Inc.)
Lease Rent. 5.1. As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Initial Term, pay to the Lessor without demandwithout, delay and/or demur by way of Lease Rent from time to time as under:: /s/KM /s/PM Lessor’s initial Lessee’s initial
5.1.1. Lease Rent Xxxxx Xxxx as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II.
5.1.2. Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 of Schedule II.
5.2. The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar day of each and every Month at the Lessor’s address bank account as mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.
5.3. Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Lease Rent Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein abovehereinabove.
5.4. The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where the no of days is 90), the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, /s/KM /s/PM Lessor’s initial Lessee’s initial then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date for satisfaction of the said obligation and till the date of payment.
5.5. The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Lease Deed entailing the consequences as herein set out.
5.6. It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease feesrent, similar or equivalent to that charged to the other occupants of the Building.
Appears in 1 contract
Samples: Lease Deed (Freshworks Inc.)
Lease Rent. 5.1. 5.1 As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Initial Term, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:
5.1.1. 5.1.1 Lease Rent as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II.
5.1.2. 5.1.2 Escalated Lease Rent (if applicable) as stipulated in Item 9 16 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 16 of Schedule II.
5.2. 5.2 The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar 5th day of each and every Month at the Lessor’s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.
5.3. 5.3 Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein abovehereinabove.
5.4. 5.4 The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such For Freshworks Technologies Pvt Ltd For AIROLI ITP Development Private Limited Authorized Signatory Authorized Signatory Xxxxxx’x initial Lessee’s initial certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where time limit prescribed under the no of days is 90)Income-tax Act, 1961 the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, However in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date for satisfaction of the said obligation and till the date of payment.
5.5. 5.5 The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.
5.6. 5.6 It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.
Appears in 1 contract
Samples: Lease Agreement (Freshworks Inc.)
Lease Rent. 5.1. As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Term, subject to receipt of invoice from Lessor, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:
5.1.1. Lease Rent as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II.
5.1.2. Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 7 of Schedule II.
5.2. The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar 5th day of each and every Month at the Lessor’s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.
5.3. Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein abovehereinabove.
5.4. The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where time limit prescribed under the no of days is 90)Income-tax Act, 1961 the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, However in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date for satisfaction of the said obligation and till the date of payment.
5.5. The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.
5.6. It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Xxxxxx’x initial Lessee’s initial activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.
Appears in 1 contract
Samples: Lease Agreement (Freshworks Inc.)
Lease Rent. 5.1. As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Term, subject to receipt of invoice from Lessor, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:
5.1.1. Lease Rent as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II.
5.1.2. Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 7 of Schedule II.
5.2. The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar 5th day of each and every Month at the Lessor’s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.
5.3. Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein abovehereinabove.
5.4. The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where time limit prescribed under the no of days is 90)Income-tax Act, 1961 the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor’s initial Lessee’s initial However, However in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Xxxxxx’x initial Lessee’s initial together with interest at 18% (eighteen per cent) per annum from the due date for satisfaction of the said obligation and till the date of payment.
5.5. The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.
5.6. It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.
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Samples: Lease Agreement (Freshworks Inc.)