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Common use of No Designation Clause in Contracts

No Designation. If Tenant is in arrears in payment of Rent, Tenant waives its right, if any, to designate the items to which any payments made by Tenant are to be credited, and Landlord may apply any payments made by Tenant to such items as Landlord sees fit, irrespective of any designation or request by Tenant as to the items to which any such payments shall be credited.

Appears in 8 contracts

Samples: Office Lease Agreement (Sage Therapeutics, Inc.), Lease Agreement (Senti Biosciences, Inc.), Industrial Lease Agreement (Solid Power, Inc.)

No Designation. If To the extent allowed by Law, if Tenant is in arrears in payment of Rent, Tenant waives its right, if any, to designate the items to which any payments made by Tenant are to be credited, and Landlord may apply any payments made by Tenant to such items as Landlord sees fit, irrespective of any designation or request by Tenant as to the items to which any such payments shall be credited.

Appears in 8 contracts

Samples: Lease Termination Agreement (Spruce Biosciences, Inc.), Office Lease Agreement (Arcutis Biotherapeutics, Inc.), Industrial Lease Agreement (Heritage Global Inc.)