PAYMENT OF GROUND LEASE FEE. The Ground Lease Fee shall be payable to ACHT, at the address specified in this Lease as ACHT’s address, on the first day of each month for as long as this Lease remains in effect, unless, with ACHT’s consent, the Ground Lease Fee is to be escrowed by a Permitted Mortgagee, in which case payment shall be made as specified by that Mortgagee. If the Lease commences on a day other than the first of the month, a pro-rata portion of the Ground Lease Fee shall be paid for the balance of the month at the time the Lease is executed. In the event that any amount of payable Ground Lease Fee remains unpaid when the Improvements are sold and the Lease is terminated or assigned to another party, the amount of payable Ground Lease Fee shall be paid to ACHT out of any proceeds from the sale of the Improvements otherwise due to Homeowner at the time of such sale.
PAYMENT OF GROUND LEASE FEE. The Ground Lease Fee shall be payable to IHT, at the address specified in this Lease as IHT’s address, on the first day of each month for as long as this Lease remains in effect, unless, with IHT’s prior written consent, the Ground Lease Fee is to be escrowed by a Permitted Mortgagee, in which case payment shall be made as specified by that Mortgagee. If this Lease commences on a day other than the first of the month, a pro-rata portion of the Ground Lease Fee shall be paid for the balance of the month at the time this Lease is executed.
PAYMENT OF GROUND LEASE FEE. Subject to the provisions of Section 6.2 below, the Ground Rent shall be payable at Lessor’s principal address specified herein on the first day of each month of each year of the term hereof. If this Lease commences between any of the aforesaid payment dates, a pro-rata portion of the Ground Rent shall be paid for the balance of such month at the time of the execution hereof.
PAYMENT OF GROUND LEASE FEE. The Ground Lease Fee shall be payable to CHT, at the address specified in this Lease as CHT’s address or such other address as CHT may designate from time to time in writing, on the fifteenth day of each month for as long as this Lease remains in effect, unless, with CHT’s consent, the Ground Lease Fee is to be escrowed by a Permitted Mortgagee, in which case payment shall be made as specified by that Mortgagee. If the Lease commences on a day other than the first of the month, a pro-rata portion of the Ground Lease Fee shall be paid for the balance of the month at the time the Lease is executed. In the event that any amount of payable Ground Lease Fee remains unpaid when the Improvements are sold or decreed in accordance with the terms of this Lease, the amount of payable Ground Lease Fee shall be paid to CHT at the time of such sale or transfer of title pursuant to decree.
PAYMENT OF GROUND LEASE FEE. The Ground Lease Fee shall be payable to VCLT, at the address specified in this Lease as VCLT’s address, on the first day of each month for as long as this Lease remains in effect, unless, with VCLT’s consent, the Ground Lease Fee is to be escrowed by a Permitted Mortgagee, in which case payment shall be made as specified by that Mortgagee. If the Lease commences on a day other than the first of the month, the Homeowner shall pay VCLT a pro- rata portion of the Ground Lease Fee for the balance of the month at the time the Lease is executed. If the Lease terminates on a day other than the first of the month, the VCLT shall pay Homeowner a pro- rata portion of the Ground Lease Fee shall be paid for the balance of the month at the time the Lease is terminated. In the event that any amount of payable Ground Lease Fee remains unpaid when the Improvements are sold and the Leasehold Estate is transferred to another party, the amount of payable Ground Lease Fee shall be paid to VCLT out of any proceeds of sale otherwise due to Homeowner at the time of sale.
PAYMENT OF GROUND LEASE FEE. The Ground Lease Fee shall be payable to the Town, at the address specified in this Lease, on the day of the execution of this Lease.
