Payment Pending Agreement Sample Clauses

Payment Pending Agreement. If the market rent shall not have been agreed or determined by the Review Date in question, then pending such agreement or determination, the Tenant shall continue to pay rent at the rate payable immediately prior to the Review Date in question and within 14 days after such agreement or determination, the Tenant shall pay to the Landlord an amount (the Balancing Payment) representing the difference between the amount of rent actually paid in the period from and including the Review Date in question and the amount of rent which should have been paid in that period had the market rent been agreed or determined by the Review Date in question, together with interest thereon at Base Rate calculated on a daily basis on each instalment comprised in the Balancing Payment from the respective due dates for payment until paid in full. Interest at the Specified Rate shall be payable on the Balancing Payment from the date 14 days after such agreement or determination until the date of actual receipt of payment in full by the Landlord.
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Related to Payment Pending Agreement

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Waiver The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other or subsequent breach.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Governing Law THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

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