Common use of PAYMENT OF INCREASES Clause in Contracts

PAYMENT OF INCREASES. Any amount due by the TENANT to the LANDLORD in terms of sub-clause 3.1 shall, at the election of the LANDLORD, be payable: 3.2.1. within such period as may be stipulated by the LANDLORD which period shall not be less than SEVEN (7) DAYS after the delivery to the TENANT of a written notice advising the TENANT thereof; or 3.2.2. by one twelfth share of the amount due by the TENANT being added to the monthly BASIC RENTAL payable by the TENANT; all such payments shall be deemed to be additional rental payable in terms of this LEASE.