Payment of Lease Rentals and Other Payments Sample Clauses

Payment of Lease Rentals and Other Payments. From the effective date of this Agreement until termination of the same, the Parties will be responsible for their proportionate share (80% APH and 20% Owner, without regard for the actual ownership at the time such payment becomes due) of all rentals, minimum royalty, bonuses due on extensions and all other payments related to the maintenance of the Owner’s Leases in effect (but not including any bonus or other payment due in connection with the acquisition of any Owner’s Lease) (the “Owner’s Lease Payments”). Unless otherwise agreed to by the Parties, Owner shall notify APH in writing twenty (20) days before each payment is due which notice shall identify such Owner’s Lease and the amount of the Owner’s Lease Payment that is due and shall inform APH whether Owner is willing to make its twenty percent (20%) share of such payment. If Owner is not willing to make its twenty percent (20%) share of such payment then APH may make such Owner’s Lease Payment. Upon receipt of written confirmation that such payment has been made by APH, Owner shall assign to APH all of Owner’s interest in such Owner’s Lease to the extent that such lease would have terminated but for such payment, such conveyance being made at an eighty-one and one quarter percent (81.25%) net revenue interest (with Owner retaining an overriding royalty interest equal to the positive difference between eighteen and three quarters percent (18.75%) and existing burdens). Such leases to such extent shall no longer be considered Owner’s Leases. If Owner’s notice to APH indicates Owner’s willingness to fund its twenty percent (20%) share of such Owner’s Lease Payment then APH shall pay such Owner’s Lease Payment and Owner shall reimburse the APH for Owner’s share of the same. Upon receipt of written confirmation that such payment has been made by APH, Owner shall assign to APH any additional interest in such Owner’s Lease, to the extent that such lease would have terminated but for such payment, which when combined with any interest in such Owner’s Lease previously assigned to APH equals an eighty percent (80%) working interest at an eighty-one and one quarter percent (81.25%) net revenue interest. No portion of the Owner’s Lease Payments shall be a part of the Exploration Funds.
Sample 1
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Related to Payment of Lease Rentals and Other Payments

  • Rent and Other Charges Payable by Tenant See below. ----------------------------------------

  • Taxes and Other Payments 7.1. Unless otherwise specifically provided for in this Agreement, the Company shall not be liable for the payment of taxes or other payments for which the Employee is responsible as result of this Agreement or any other legal provision, and the Employee shall be personally liable for such taxes and other payments.

  • Royalties and Other Payments A. For the rights, privileges and exclusive license granted hereunder, Licensee shall pay to CMCC the following amounts in the manner hereinafter provided. Unless expressly stated otherwise in this Agreement, periodic payment obligations listed below shall endure through the Term of this Agreement, unless this Agreement shall be sooner terminated as hereinafter provided.

  • Rent and Other Charges Base Rent, Operating Expenses, and any other amounts which Tenant is or becomes obligated to pay Landlord under this Lease or other agreement entered in connection herewith, are sometimes herein referred to collectively as "Rent," and all remedies applicable to the non-payment of Rent shall be applicable thereto. Rent shall be paid at any office maintained by Landlord or its agent at the Property, or at such other place as Landlord may designate.

  • Fees, Expenses and Other Payments (a) Except as otherwise provided in this Section 7.3, whether or not the Merger is consummated, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby (including, without limitation, fees and disbursements of counsel, financial advisors and accountants) shall be borne solely and entirely by the party which has incurred such costs and expenses (with respect to such party, its "Expenses").

  • Expenses and Other Payments (a) Except as otherwise provided in this Section 8.3, each party shall pay its own expenses incident to preparing for, entering into and carrying out this Agreement and the consummation of the Transactions, whether or not the Merger shall be consummated.

  • Payment of Taxes and Other Charges Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole discretion.

  • Improper and Other Payments (a) Neither the Company, any director, officer, employee thereof, nor any agent or representative of the Company nor any person acting on behalf of any of them, has made, paid or received any unlawful bribes, kickbacks or other similar payments to or from any person or authority, (b) no contributions have been made, directly or indirectly, by the Company to a domestic or foreign political party or candidate; and (c) the internal accounting controls of the Company are believed by the Company’s management to be adequate to detect any of the foregoing under current circumstances.

  • Collection of Income and Other Payments (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise each Portfolio of such receipt and credit such income, as collected, to each Portfolio's custodian account;

  • Payment of Taxes, Insurance and Other Charges; Collections Thereunder With respect to each Mortgage Loan, the Seller shall maintain accurate records reflecting the status of ground rents, taxes, assessments and other charges which are or may become a lien upon the Mortgaged Property and the status of premiums for Primary Mortgage Insurance Policies and fire and hazard insurance coverage and shall obtain, from time to time, all bills for the payment of such charges (including renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall have been estimated and accumulated by the Seller in amounts sufficient for such purposes, as allowed under the terms of the Mortgage. To the extent that a Mortgage does not provide for Escrow Payments, the Seller shall determine that any such payments are made by the Mortgagor. The Seller assumes full responsibility for the timely payment of all such bills and shall effect timely payments of all such bills irrespective of each Mortgagor’s faithful performance in the payment of same or the making of the Escrow Payments and shall make Servicing Advances to effect such payments, subject to its ability to recover such Servicing Advances pursuant to Subsections 11.05(c), 11.05(d) and 11.07(b). No costs incurred by the Seller or subservicers in effecting the payment of ground rents, taxes, assessments and other charges on the Mortgaged Properties or mortgage or hazard insurance premiums shall, for the purpose of calculating remittances to the Purchaser, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

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