Common use of Net Rent Clause in Contracts

Net Rent. It is the purpose and intent of the Landlord and Tenant that the rent shall be absolutely net to Landlord, so that this lease shall yield, net, to Landlord, the rent specified in Article 3 hereof in each month during the term of the lease, and that all costs, expenses and obligations of every kind and nature whatsoever relating to the Leased Premises which may arise or become due during or out of the term of this lease, shall be paid by the Tenant, except for such obligations and charges as have otherwise expressly been assumed by the Landlord in accordance with the terms and conditions of the lease. Nothing herein shall require the Tenant to undertake obligations in connection with the sale or mortgaging of the Leased Premises, unless otherwise expressly provided in accordance with the terms and conditions of this lease.

Appears in 1 contract

Samples: Lease Agreement (Loehmanns Inc)

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Net Rent. It is the purpose and intent of the Landlord and Tenant that the rent Base Rent shall be absolutely net to Landlord, so that this lease Lease shall yield, net, to Landlord, the rent Base Rent specified in Article 3 hereof in each month during the term of the leaseTerm, and that all costs, expenses and obligations of every kind and nature whatsoever relating to the Leased Premises which may arise or become due during or out of the term of this leaseTerm, shall be paid by the Tenant, except for such obligations and charges as have otherwise expressly been assumed by the Landlord in accordance with the terms and conditions of the leaseLease. Nothing herein shall require the Tenant to undertake obligations in connection with the sale or mortgaging of the Leased Premises, unless otherwise expressly provided in accordance with the terms and conditions of this leaseLease.

Appears in 1 contract

Samples: Lease Agreement (Majesco Holdings Inc)

Net Rent. It is the purpose and intent of the Landlord and Tenant that the rent shall be absolutely net to Landlord, so that this lease Lease shall yield, net, to Landlord, the rent specified in Article 3 hereof in each month during the term of the leaseLease, and that all costs, expenses and obligations of every kind and nature whatsoever relating to the Leased Premises which may arise or become due during or out of the term of this leaseLease, shall be paid by the Tenant, except for such obligations and charges as have otherwise expressly been assumed by the Landlord in accordance with the terms and conditions of the leasethis Lease. Nothing herein shall require the Tenant to undertake obligations in connection with the sale or mortgaging of the Leased Premises, unless otherwise expressly provided in accordance with the terms and conditions of this leaseLease.

Appears in 1 contract

Samples: Lease Agreement (Able Laboratories Inc)

Net Rent. It is the purpose and intent of the Landlord and Tenant that the rent shall be absolutely net to Landlord, so that this lease shall yield, net, to Landlord, the rent specified in Article paragraph 3 hereof in each month during the term of the lease, and that all costs, expenses and obligations of every kind and nature whatsoever relating to the Leased Premises leased premises which may arise or become due during or out of the term of this lease, shall be paid by the Tenant, except for such obligations and charges as have otherwise expressly been assumed by the Landlord in accordance with the terms and conditions of the lease. Nothing herein shall require the Tenant to undertake obligations in connection with the sale or mortgaging of the Leased Premisesleased premises, unless otherwise expressly provided in accordance with the terms and conditions of this lease.

Appears in 1 contract

Samples: Lease Agreement (Brake Headquarters U S a Inc)

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Net Rent. It is the purpose and intent of the Landlord and the Tenant that the rent Rent shall be absolutely net to Landlord, so that this lease shall yield, net, to Landlord, the rent Rent specified in Article 3 hereof in each month during the term of the this lease, and that all costs, expenses and obligations of every kind and nature whatsoever relating to the Leased Premises which may arise or become due during or out of the term of this lease, shall be paid by the Tenant, except for such obligations and charges as have otherwise expressly been assumed by the Landlord in accordance with the terms and conditions of the this lease. Nothing herein shall require the Tenant to undertake obligations in connection with the sale or mortgaging of the Leased Premises, unless otherwise expressly provided in accordance with the terms and conditions of this lease.

Appears in 1 contract

Samples: Lease Agreement (Adams Respiratory Therapeutics, Inc.)

Net Rent. It is the purpose and intent of the Landlord and Tenant that the rent shall be absolutely net to Landlord, so that this lease Lease shall yield, net, to Landlord, the rent specified in Article ARTICLE 3 hereof in each month during the term of the leaseLease, and that all costs, expenses and obligations of every kind and nature whatsoever relating to the Leased Premises Premises, which may arise or become due during or out of the term of this leaseLease, shall be paid by the Tenant, except for such obligations and charges as have otherwise expressly been assumed by the Landlord in accordance with the terms and conditions of the leaseLease. Nothing herein shall require the Tenant to undertake obligations in connection with the sale or mortgaging of the Leased Premises, unless otherwise expressly provided in accordance with the terms and conditions of this leaseLease.

Appears in 1 contract

Samples: Lease Agreement (Transnet Corp)

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