Common use of Payment of Basic Rental Clause in Contracts

Payment of Basic Rental. Tenant agrees to pay the Basic Rental on or before the first of each month, without any set-off, deduction or offset. Basic Rental shall be paid by check, or by electronic debit, or in a manner deemed acceptable by the City's Finance Department. Basic Rental payments by check should be made payable to the City of Santa Xxxxxx and delivered to the following address, or other address later designated by the City: Airport Director Santa Xxxxxx Municipal Airport 3223 Xxxxxx Xxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxx 00000-0000 Any payment by Tenant or acceptance by Landlord of a lesser amount than shall be due from Tenant shall be treated as a payment on account. The acceptance by Landlord of a check for a lesser amount with an endorsement or statement thereon, or upon any letter accompanying such check, that such lesser amount is payment in full shall be given no effect, and Landlord may accept such check without prejudice to any other rights or remedies which Landlord may have against Tenant. Landlord may, at its option, terminate the Lease Agreement in the event that Tenant fails to pay the Basic Rental obligation in a timely manner.

Payment of Basic Rental. Tenant agrees to pay the Basic Rental on or before the first of each month, without any set-off, deduction or offset. Basic Rental shall be paid by check, or by electronic debit, or in a any other manner deemed acceptable by the City's Finance Department. Basic Rental payments by check should be made payable to the City of Santa Xxxxxx and delivered to the following address, or other address later designated by the City: Airport Director Santa Xxxxxx Municipal Airport 3223 Xxxxxx Xxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxx 00000-0000 Any payment by Tenant or acceptance by Landlord of a lesser amount than shall be due from Tenant shall be treated as a payment on account. The acceptance by Landlord of a check for a lesser amount with an endorsement or statement thereon, or upon any letter accompanying such check, that such lesser amount is payment in full shall be given no effect, and Landlord may accept such check without prejudice to any other rights or remedies which Landlord may have against Tenant. Landlord may, at its option, terminate the Lease Agreement in the event that Tenant fails to pay the Basic Rental obligation in a timely manner.