LESSEE'S COVENANTS. The Lessee covenants with the Lessor: To pay the Rent monthly in advance (being the sum of Kenya Shillings [*] (KShs. [*] /-) and exclusive of VAT at 16%, on or before the fifth (5th) day of each succeeding month and in the manner set out in this Lease and not to exercise or seek to exercise any right or claim to withhold the Rent or any right or claim to legal or equitable set-off. The Rent for the first year of the Term amounting to the sum of Kenya Shillings [*] (KShs. [*] /-) and exclusive of VAT shall become due and payable in advance upon execution of the Lease; All payments in respect of the Rent herein shall be paid directly to the Lessor’s bank account whose particulars are as follows:- Account Name: Bank: Branch: Account No. Swift Code: Branch Code:
Appears in 14 contracts
Samples: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement
