Common use of Occupancy Charge Clause in Contracts

Occupancy Charge. The monthly occupancy charge for the term hereof is (INSERT AMOUNT HERE) with the first installment payable on the last working day of the initial month on the Term as defined in Section 2 above (which will be prorated based on the date of occupancy) and for the months thereafter, a full month’s rate in advance on the last working day of the previous month until the end of the term. Occupant agrees that the Institute may withhold all payments called for in this Agreement from Occupant’s monthly stipend check from the Institute. All payments not withheld in the foregoing manner shall be made to the Institute at the Institute's address as set forth in the preamble to this Agreement on or before the due date and without demand. Alternatively, a statement of account will be mailed if you do not receive compensation from the Institute.

Appears in 4 contracts

Samples: Use and Occupancy Agreement, Use and Occupancy Agreement, Use and Occupancy Agreement

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