Modification of Rent Sample Clauses

Modification of Rent. Commencing on January 1, 2024, the current Rent payable under the Agreement shall be Two Thousand One Hundred Seventy-Three and 50/100 Dollars ($2,173.50) per month, and shall continue during the Term, subject to adjustment, if any, as provided below. In the event of any overpayment of Rent prior to or after the Effective Date, Lessee shall have the right to deduct from any future Rent payments an amount equal to the overpayment amount.
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Modification of Rent. Commencing on September 1, 2018, the Rent payable under the Agreement shall be $2,500.00 monthly, and shall continue during the Term, subject to adjustment as provided below.
Modification of Rent. The Monthly Rent to be paid under the Lease shall be reduced to One Hundred and Eighty-Three Thousand, Five Hundred and Seventy-Three Dollars and Seventy-One Cents ($183,573.71), plus attendant increases, if any, as provided in section 5(b) of the Lease.
Modification of Rent. Beginning on the Assignment Commencement Date, -------------------- Assignee agrees to pay to Landlord, at the address set forth in Section 9 hereinbelow, Annual Rent in the amount of Three Hundred Eighty Three Thousand Six Hundred Twenty-One and 04/100 Dollars ($383,621.04) for the Lease Term, payable in monthly installments of Thirty One Thousand Nine Hundred Sixty-Eight and 42/100 Dollars ($31,968.42) in accordance with the terms and conditions of the Lease. Assignee shall continue to pay all additional rent and other sums payable under the Lease accruing from and after the Assignment Commencement Date pursuant to the terms and conditions of the Lease.
Modification of Rent. The rents payable in monthly installments pursuant to Paragraph 5 A of the Lease shall, for the first six (6) months beginning January 1, 1997, be Two Hundred Fifty-Five Thousand, Forty-Forty Dollars ($255,044.00) and thereafter annually on July 1st of each of the next six (6) years consecutively following, such annual rent shall increase by Eleven Thousand, Eight Hundred Sixty-Three Dollars ($11,863.00) over the annual rent for the preceding year and thereafter for the remaining eight (8) years of the term (beginning July 1, 2003) such annual rent shall increase by Five Thousand Nine Hundred and Thirty-One Dollars ($5,931.00) over the annual rent for the preceding lease year, provided further, nevertheless, if in any year (from July 1 to June 30) such annual rent increase is less than an amount equal to Fifty Percent (50%) of the most recent authorized increase in the Reimbursement Rate, (applied to the number of beds in the facility for a period of 365 days) the increased rental for such year shall be an amount equal to Fifty Percent (50%) of such increase in the Reimbursement Rate. The Reimbursement Rate is the "Indirect Reimbursement Rate for Nursing Homes" or any similar measure of reimbursement hereafter adopted as the same shall be increased by the North Carolina Department of Human Resources or any successor agency. The intention of the parties is that the increase in rent for each year shall be the larger of (1) the specified increase ($11,863.00 for each of the next six (6) years beginning July 1, 1997, and $5,931.00 for each of the following eight (8] years) or (2) the amount obtained by applying to the number of beds in the facility for a 365 day period, Fifty Percent (50%) of the increase in the Reimbursement Rate.
Modification of Rent. Section 3 of the Lease is hereby deleted and replaced with the following:
Modification of Rent. Effective as of the Effective Date (as defined below), Section 3(a) is deleted in its entirety and replaced with the following:
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Modification of Rent. Commencing on July 29, 2011, the rent payable for the first year of the Third Extended Term (July 29, 2011 through July 28, 2012) shall be $30,000.00 annually, and shall continue during the Third Extended Term. The annual rental payment shall be due and payable in advance on July 29th of each year of the Third Extended Term.

Related to Modification of Rent

  • Collection of Rent In any case where State has a cause of action for damages, State shall have the privilege of splitting the cause to permit the institution of a separate suit for rent due hereunder, and neither institution of any suit, nor the subsequent entry of judgment shall bar State from bringing another suit for rent; it being the purpose of this provision to provide that the forbearance on the part of State in any suit or entry of judgment for any part of the rent reserved under this contract, to sue for, or to include in, any suit and judgment the rent then due, shall not serve as defense against, nor prejudice a subsequent action for, rent or other obligations due under the contract. The claims for rent may be regarded by State, if it so elects, as separate claims capable of being assigned separately.

  • Acceleration of Rent By notice to Tenant, Landlord shall have the right to accelerate all Fixed Rent and all expense installments due hereunder and otherwise payable in installments over the remainder of the Term, and, at Landlord’s option, any other Additional Rent to the extent that such Additional Rent can be determined and calculated to a fixed sum; and the amount of accelerated rent to the termination date, without further notice or demand for payment, shall be due and payable by Tenant within five (5) days after Landlord has so notified Tenant, such amount collected from Tenant shall be discounted to present value using an interest rate of six percent (6%) per annum. Additional Rent which has not been included, in whole or in part, in accelerated rent, shall be due and payable by Tenant during the remainder of the Term, in the amounts and at the times otherwise provided for in this Lease. Notwithstanding the foregoing or the application of any rule of law based on election of remedies or otherwise, if Tenant fails to pay the accelerated rent in full when due, Landlord thereafter shall have the right by notice to Tenant, (i) to terminate Tenant’s further right to possession of the Premises and (ii) to terminate this Lease under subparagraph (b) below; and if Tenant shall have paid part but not all of the accelerated rent, the portion thereof attributable to the period equivalent to the part of the Term remaining after Landlord’s termination of possession or termination of this Lease shall be applied by Landlord against Tenant’s obligations owing to Landlord, as determined by the applicable provisions of subparagraphs (c) and (d) below.

  • Definition of Rent All costs and expenses which Tenant assumes or agrees to pay to Landlord under this Lease shall be deemed additional rent (which, together with the Base Rent is sometimes referred to as the "Rent"). The Rent shall be paid to the Building manager (or other person) and at such place, as Landlord may from time to time designate in writing, without any prior demand therefor and without deduction or offset, in lawful money of the United States of America.

  • Payment of Rent (19) If the tenant is required to pre-pay rent in advance it should be selected. This is common with tenants with no or bad credit history. Section XIII.

  • Calculation of Rent All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

  • Collection of Rents Upon the occurrence of an Event of Default, the license granted to Mortgagor to collect the Rents shall be automatically and immediately revoked, without further notice to or demand upon Mortgagor. Mortgagee may, but shall not be obligated to, exercise any or all of the rights and remedies provided in Section 697.07 of the Florida Statutes and perform any or all obligations of the landlord under any or all of the Leases, and Mortgagee may, but shall not be obligated to, exercise and enforce any or all of Mortgagor’s rights under the Leases. Without limiting the generality of the foregoing, Mortgagee may notify the tenants under the Leases that all Rents are to be paid to Mortgagee, and following such notice all Rents shall be paid directly to Mortgagee and not to Mortgagor or any other Person other than as directed by Mortgagee, xx xxxxg understood that a demand by Mortgagee on any tenant under the Leases for the payment of Rent shall be sufficient to warrant payment by such tenant of Rent to Mortgagee without the necessity of further consent by Mortgagor. Mortgagor hereby irrevocably authorizes and directs the tenants under the Leases to pay all Rents to Mortgagee instead of to Mortgagor, upon receipt of written notice from Mortgagee, without the necessity of any inquiry of Mortgagor xxx xxxxout the necessity of determining the existence or non-existence of an Event of Default. Mortgagor hereby appoints Mortgagee as Mortgagor’x xxxxxxey-in-fact with full power of substitution, which appointment shall take effect upon the occurrence of an Event of Default and is coupled with an interest and is irrevocable prior to the full and final payment and performance of the Obligations, in Mortgagor’x xxxx xr in Mortgagee’s name: (a) to endorse all checks and other instruments received in payment of Rents and to deposit the same in any account selected by Mortgagee; (b) to give receipts and releases in relation thereto; (c) to institute, prosecute and/or settle actions for the recovery of Rents; (d) to modify the terms of any Leases including terms relating to the Rents payable thereunder; (e) to cancel any Leases; (f) to enter into new Leases; and (g) to do all other acts and things with respect to the Leases and Rents which Mortgagee may deem necessary or desirable to protect the security for the Obligations. Any Rents received shall be applied first to pay all Expenses and next in reduction of the other Obligations. Mortgagor shall pay, on demand, to Mortgagee, the amount of any deficiency between (i) the Rents received by Mortgagee, and (ii) all Expenses incurred together with interest thereon as provided in the Loan Agreement and the other Loan Documents.

  • Acceptance of Rent 7.1 Acceptance of Rent by the Landlord or the Landlord’s Agent shall be at all times without prejudice to and shall not be a waiver of the rights and remedies of the Landlord in respect of any breach of the Tenant’s agreements of stipulations contained in this Agreement; and any Rent paid by any third party will be accepted from that person as the agent of the Tenant only and will not confer on the third party any rights as the Tenant.

  • Modification of Lease Should any current or prospective mortgagee or ground lessor for the Building or Project require a modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor.

  • Suspension of Rent If the Property (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use and/or accessible.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

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