Common use of Prepaid Rent Clause in Contracts

Prepaid Rent. No Rent shall be paid more than thirty (30) days prior to the due dates thereof and, as to a first Mortgagee of record and any other Mortgagees of whom Tenant has been given written notice, payments made in violation of this provision shall (except to the extent that such rents are actually received by such Mortgagee) be a nullity as against such Mortgagee and Tenant shall be liable for the amount of such payments to such Mortgagee.

Appears in 3 contracts

Samples: Lease Agreement (Investment Technology Group Inc), Lease Agreement (Investment Technology Group Inc), Lease Agreement (International Integration Inc)

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Prepaid Rent. No Rent shall be paid more than thirty (30) days prior to the due dates thereof and, as to a first Mortgagee of record and any other Mortgagees of whom Tenant has been given written notice, payments made in violation of this provision shall (except to the extent that such rents are Rent is actually received by such Mortgagee) be a nullity as against such Mortgagee and Tenant shall be liable for the amount of such payments to such Mortgagee.

Appears in 3 contracts

Samples: Sublease (Fluidigm Corp), Lease Agreement (Investment Technology Group Inc), Lease Agreement (Viryanet LTD)

Prepaid Rent. No Rent shall be paid more than thirty (30) days prior to the due dates thereof and, as to a first Mortgagee of record and any other Mortgagees mortgagees of whom Tenant has been given written notice, payments made in violation of this provision shall (except to the extent that such rents are actually received by such Mortgageemortgagee) be a nullity as against such Mortgagee mortgagee and Tenant shall be liable for the amount of such payments to such Mortgageemortgagee (excluding the first month’s rent payable upon execution of this Lease).

Appears in 2 contracts

Samples: Commercial Lease (Karyopharm Therapeutics Inc.), Commercial Lease (Karyopharm Therapeutics Inc.)

Prepaid Rent. No Rent shall be paid more than thirty (30) days prior ------------ to the due dates thereof and, as to a first Mortgagee of record and any other Mortgagees of whom Tenant has been given written notice, payments made in violation of this provision shall (except to the extent that such rents are actually received by such Mortgagee) be a nullity as against such Mortgagee and Tenant shall be liable for the amount of such payments to such Mortgagee.

Appears in 1 contract

Samples: Lease (Focal Communications Corp)

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Prepaid Rent. No Rent shall be paid more than thirty (30) days ------------ prior to the due dates thereof and, as to a first Mortgagee of record and any other Mortgagees of whom Tenant has been given written notice, payments made in violation of this provision shall (except to the extent that such rents are actually received by such Mortgagee) be a nullity as against such Mortgagee and Tenant shall be liable for the amount of such payments to such Mortgagee.

Appears in 1 contract

Samples: Lease (Mainspring Communications Inc)

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