Prepaid Contract Rent Sample Clauses

Prepaid Contract Rent. Pursuant to the Exchange Agreement, Lessee has conveyed (or will convey) to State, for park purposes only, fee simple interest to the XxXxxxxx Parcel described in Exhibit B attached hereto. Lessee’s conveyance of the XxXxxxxx Parcel to State, and the promise to make the necessary investment to rehabilitate the Seminary Building shall constitute full payment of the entire rent due and owing for the Term and shall satisfy all obligations of Lessee to pay rent during the Term. Such rent has been determined to be fair market rent and is supported by third- party appraisals. The appraisal for the exchange of Leased Premises for the XxXxxxxx Parcel has considered future rent increases for the Leased Premises, discounted to present value, in determining a fair exchange value for the XxXxxxxx Parcel. For that reason, future rent adjustments have been factored into the value of the exchange and further rent adjustments under RCW 79A.05.030(5)(d) are not required. The value of the XxXxxxxx Property, together with all of Lessee’s costs incurred in acquiring the XxXxxxxx Property and conveying it to State pursuant to this Section 3.1.1 shall be deemed prepaid contract rent for purposes of this Lease.
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Prepaid Contract Rent. Pursuant to the Exchange Agreement, Lessee has conveyed (or will convey) to State, for park purposes only, fee simple interest to the McDonald Parcel described in Exhibit B attached hereto. Xxxxxx’s conveyance of the McDonald Parcel to State, and the promise to make the necessary investment to rehabilitate the Seminary Building shall constitute full payment of the entire rent due and owing for the Term and shall satisfy all obligations of Lessee to pay rent during the Term. Such rent has been determined to be fair market rent and is supported by third- party appraisals. The appraisal for the exchange of Leased Premises for the McDonald Parcel has considered future rent increases for the Leased Premises, discounted to present value, in determining a fair exchange value for the McDonald Parcel. For that reason, future rent adjustments have been factored into the value of the exchange and further rent adjustments under RCW 79A.05.030(5)(d) are not required. The value of the McDonald Property, together with all of Xxxxxx’s costs incurred in acquiring the McDonald Property and conveying it to State pursuant to this Section 3.1.1 shall be deemed prepaid contract rent for purposes of this Lease.

Related to Prepaid Contract Rent

  • Contract Renewal State may renew this Contract under its then-existing terms and conditions (subject to potential cost adjustments described below in section 2) in two-year intervals, or any interval that is advantageous to State. This Contract, including any renewals, may not exceed a total of seven (7) years.

  • Equipment Rental Charges i. The Judicial Council may use either the Contractor’s audio-visual provider or provide for its own audio-visual source to service the Program. Should the Judicial Council use the Contractor’s audio-visual provider, the charges for services and/or equipment provided under this exhibit shall not exceed the amounts set forth in the Contractor’s Audio- Visual and Other Equipment Price List, as attached to this Agreement in Exhibit H. The Contractor shall not charge nor will the Judicial Council pay for audio-visual services and/or equipment that are provided by the Judicial Council.

  • CONTRACT RENEWAL PERIOD FURNITURE ADDITIONS/DELETIONS: Contractors wishing to make furniture additions/changes to their contract during the contract period should be aware of the following additions/changes will be allowed only once during a contract period. No changes to discount percentages are allowed during this contract period. Additions/changes must be submitted during the contract renewal period. When requesting additions and/or changes; contractor shall submit a request either by letter or via email which shall include a list of all items being proposed for addition and/or change. Contractor shall submit all required documents supporting any new items. Product literature for all new items shall also be submitted with the request. Contractor is responsible for submitting a complete name, address, email address, phone and fax numbers when a new dealer is added.

  • Rent The Tenant shall pay the Landlord, in equal monthly installments, $ ("Rent"). The Rent shall be due on the of every month (“Due Date”) and paid under the following instructions: .

  • Equipment Rental Copies of rental agreements for the equipment used, including the rental rate; and the number of hours the equipment was used on the project.

  • CONTRACT CHARGES The Contract Charges for the Services shall be structured using any of the following pricing mechanisms (as may be agreed by the Parties and set out in an SOW); Capped Time and Materials; Price per Story; Time and Materials; Fixed Price (to be used only for Services that are ancillary to software development services); or using such other pricing mechanism or combination of pricing mechanism thereof as may be agreed by the Parties. In consideration of the Supplier’s performance of its obligations under this Contract and in consideration of the specific services that are set out in an applicable SOW, the Customer shall pay the undisputed Contract Charges in accordance with the relevant SOW for the Release and the payment provisions set out at Clause 14 (Payment and VAT). The Customer shall, in addition to the Contract Charges and following delivery by the Supplier of an Invoice, pay the Supplier a sum equal to the VAT chargeable on the value of the Services supplied in accordance with this Contract. If at any time during this Contract Period the Supplier reduces its framework Prices for any Services which are provided under the framework Agreement (whether or not such Services are offered in a catalogue (if any) which is provided under the framework Agreement) in accordance with the terms of the framework Agreement, the Supplier shall immediately reduce the Contract Charges for such Services under this Contract by the same amount. The Supplier shall in any event ensure that the Contract Charges are at all times compliant and consistent with the charging structure set out in framework Schedule 8 (Charging Structure) and do not exceed the prices set out therein. Contract Charges:

  • Lease Payments No Borrower will, or will permit any Subsidiary to, directly or indirectly, incur or assume (whether pursuant to a Guarantee or otherwise) any liability for rental payments except in the Ordinary Course of Business.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Rental You may not rent, lease, or lend the SOFTWARE PRODUCT.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

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