Payment to Lessor. All Rent shall be paid by Lessee to Lessor by wire transfer of immediately available funds in U. S. Dollars, to such account as Lessor shall designate to Lessee in writing. Such funds shall be available to Lessor not later than 3:00 p.m., New York City time on the date of payment. Whenever any payment of Rent is due on a day other than a Business Day, such payment shall be made on the next preceding Business Day. All Rent to be paid by Lessee hereunder shall be paid in full without any deduction or withholding with respect to Taxes of any nature imposed by any Taxing Authority unless Lessee is prohibited by Applicable Law from doing so, in which event Lessee shall comply with Section 16 below.
Payment to Lessor. Lessee shall pay to Lessor as rent the one-time sum of $1 (the “One-Time Payment”) within fifteen (15) days after the Effective Date. Xxxxxx acknowledges and agrees that the One-Time Payment constitutes payment in full of rent for the Term, and no additional amount shall be due or owing to Lessor under this Lease.
Payment to Lessor. Upon Lessee’s final acceptance, evidenced by Lessee’s execution hereof, Lessee covenants to pay Lessor, proportionate to Lessor’s percentage of ownership, as follows:
Payment to Lessor. All Rent shall be paid by Lessee to Lessor to its General Account No. 38130000 xx Citibank, N.A., 399 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, xx as Lessor may otherwise direct, in immediately available funds in U.S. Dollars by 11 A.M. New York time on the date that such payment is due if
Payment to Lessor. Lessor and Tenant acknowledge and agree that (a) contemporaneously with the execution and delivery of this Amendment, Lessor and Tenant are entering into six (6) separate purchase and sale agreements, one relating to each of the “Subject Facilities” (as defined below) (each such purchase and sale agreement is referred to herein as a “Nautic Deal PSA”) and each of which Nautic Deal PSAs relates to the “Nautic APA” referred to therein, (b) contemporaneously with the closing of each Nautic Deal PSA, Tenant shall pay to Lessor the non-refundable sum set forth below with respect to the particular Subject Facility to which such closing relates, by wire transfer to the account referenced on Attachment 1: Subject Facility Payment Amount Kindred Hospital-Pittsburgh $ 313,147.00 Kindred Hospital-New Orleans $ 626,294.00 Kindred Hospital-Oklahoma City $ 173,971.00 Kindred Hospital-Boston $ 452,324.00 Kindred Hospital-Boston North Shore $ 417,529.00 Kindred Hospital-Tucson $ 487,118.00
Payment to Lessor. Lessor and Tenant acknowledge and agree that (a) contemporaneously with the execution and delivery of this Amendment, Lessor and Tenant is entering into a separate purchase and sale agreement relating to the “Subject Facility” (as defined below)(the “Nautic Deal PSA”) and which Nautic Deal PSA relates to the “Nautic APA” referred to therein, (b) contemporaneously with the closing of the Nautic Deal PSA, Tenant shall pay to Lessor the non-refundable sum of $487,118, by wire transfer to the account referenced on Attachment 1, (c) upon the closing of the Nautic Deal PSA, in addition to the payment referenced in subsection (b) above, the “Applicable Net Sales Proceeds” (as defined below) from such closing, which “Applicable Net Sales Proceeds” shall be unaffected, and not increased or decreased, by the payment referenced in subsection (b) above, shall be received by Lessor, and then paid in part to Tenant as a fee, as described in Section 2.8 below, and (d) if the Nautic Deal PSA terminates, no additional payment as described in subsection (b) above shall be owing from Tenant to Lessor and, upon the sale of the Subject Facility other than pursuant to the Nautic Deal PSA, the “Applicable Net Sales Proceeds” from such sale shall be received by Lessor, and then paid in part to Tenant as a fee, as described in Section 2.8 below. In addition and without limitation of any payment to which Lessor is entitled as described above, in consideration of Lessor’s entry into this Amendment, Tenant, within 10 business days after the execution and delivery of this Amendment, shall pay to Lessor the sum of $500,000, which sum shall be paid to Lessor by wire transfer to the account referenced on Attachment 1 and shall be non-refundable.
Payment to Lessor. Except as otherwise provided herein, all payments to be made by Lessee hereunder shall be payable in Dollars in immediately available funds prior to 1:00 p.m. New York time on the due date to such account as may be specified by Lessor; provided, however, that until Lessee has been notified by ING such payments shall be payable according to the following payment instructions: Northern Trust International Banking Corporation, New York, USA ABA #026001122 For credit of: ING Bank, Amsterdam Account Number: 000000-00230 For further credit of: ING Lease International Equipment Management B.V. Account Number: 5007.2188 or to such other account as ING shall specify by written notice to Lessee.
Payment to Lessor. After notice is given to Subtenant by Lessor that, pursuant to the Lease, the rentals under the Sublease should be paid to Lessor, Subtenant shall pay to Lessor, or in accordance with the directions of Lessor, all rentals and other monies then due and to become due to Tenant under the Sublease, and Tenant hereby expressly authorizes Subtenant to make such payments to Lessor and hereby fully releases and discharges Subtenant of, and from any liability to Tenant on account of any such payments.
Payment to Lessor. Upon Lessee’s final acceptance, evidenced by Lessee’s execution hereof, Lessee covenants to pay Lessor, proportionate to Lessor’s percentage of ownership, as follows:
(A) THIS IS A PAID UP LEASE: In consideration of the payment made by Lessee to Lessor, Lessor agrees that Lessee shall not be obligated, except as otherwise provided herein, to commence or continue any operations during the Primary Term. Lessee may at any time or times during or after the Primary Term surrender this Lease as to all or any portion of the Leased Premises and as to any strata or stratum by delivering to Lessor or by filing for record a release or releases, and be relieved of all obligation thereafter accruing as to the acreage surrendered.
Payment to Lessor. Lessee has requested to purchase all of the Units at the Fair Market Sales Value and to prepay all amounts outstanding under the Lease Agreement on November 30, 2005. The total amount of unpaid Obligations and all fees and expenses (other than the fees and expenses of the Lessor’s counsel set forth below) and other obligations owing under the Lease Agreement, if paid and received at the Lessor’s Account (as defined herein) prior to 5:00 p.m. New York City time on November 30, 2005 (the “Payoff Date”), is US$2,567,558.58 (the “Lease Amount”). In addition, Lessee shall pay the fees and expenses of the Lessor’s counsel in the amount of US$15,000 (such amount, together with the Lease Amount, the “Payoff Amount”).
