Common use of Prepaid Rent Clause in Contracts

Prepaid Rent. Upon the execution of this Lease Tenant shall pay to Landlord the prepaid rent set forth in Section 1, and if Tenant is not in default of any provisions of this Lease, such prepaid rent shall be applied toward the rent due for the last month of the term. Landlord's obligations with respect to the prepaid rent are those of a debtor and not of a trustee, and Landlord can commingle the prepaid rent with Landlord's general funds. Landlord shall not be required to pay Tenant interest on the prepaid rent. Landlord shall be entitled to immediately endorse and cash Tenant's prepaid rent; however, such endorsement and cashing shall not constitute Landlord's acceptance of this lease. In the event Landlord does not accept this Lease, Landlord shall return said prepaid rent.

Appears in 2 contracts

Samples: Lease Agreement (Security Associates International Inc), Lease Agreement (Security Associates International Inc)

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Prepaid Rent. Upon the execution of this Lease Lease, Tenant shall pay to Landlord landlord the prepaid rent set forth in Section 1, and if Tenant is not in default of any provisions of this Lease, such prepaid rent shall be applied toward the rent due for the last first month of the term. Landlord's obligations with respect to the prepaid rent are those of a debtor and not of a trustee, and Landlord can commingle the prepaid rent with Landlord's general funds. Landlord shall not be required to pay Tenant interest on the prepaid rent. Landlord shall be entitled to immediately endorse and cash Tenant's prepaid rent; however, such endorsement and cashing shall not constitute Landlord's acceptance of this leaseLease. In the event Landlord does not accept this Lease, Landlord shall return said prepaid rent.

Appears in 1 contract

Samples: Business Center Lease (Quality Care Solutions Inc)

Prepaid Rent. Upon the execution of this Lease the Lease, Tenant shall pay to Landlord the prepaid rent Prepaid Rent set forth in subpart p. of Section 11.1 hereof, and if Tenant is not in default of any provisions of this Lease, such prepaid rent shall be applied toward the rent Base Rent first becoming due for the last month of the termunder this Lease. Landlord's ’s obligations with respect to the prepaid rent Prepaid Rent are those of a debtor and not of a trustee, and Landlord can commingle the prepaid rent Prepaid Rent with Landlord's ’s general funds. Landlord shall not be required to pay Tenant interest on the prepaid rentPrepaid Rent. Landlord shall be entitled to immediately endorse and cash Tenant's prepaid rent; ’s Prepaid Rent, however, such endorsement and cashing shall not constitute Landlord's ’s acceptance of this leaseLease. In the event Landlord does not accept this Lease, Lease Landlord shall return said prepaid rentPrepaid Rent.

Appears in 1 contract

Samples: Ground Lease Agreement (Imaging3 Inc)

Prepaid Rent. Upon the execution execution, of this Lease Lease, Tenant shall pay to Landlord the prepaid rent set forth in Section 1, and if Tenant is not in default of any provisions of this Lease, Lease such prepaid rent shall be applied toward the rent due for the last month of the term. Landlord's obligations with respect to the prepaid rent are those of a debtor and not of a trustee, and Landlord can commingle the prepaid rent with Landlord's general funds. Landlord shall not be required to pay Tenant interest on the prepaid rent. Landlord shall be entitled to immediately endorse and cash Tenant's prepaid rent; however, such endorsement and cashing shall not constitute Landlord's acceptance of this lease. In the event Landlord does not accept this Lease, Landlord shall return said prepaid rent.

Appears in 1 contract

Samples: Lease Agreement (Integcom Corp)

Prepaid Rent. Upon the execution of this Lease Lease, Tenant shall pay to Landlord the prepaid rent set forth in Section 1, and if Tenant is not in default of any provisions of this Lease, such prepaid rent shall be applied toward the rent due for the last month of the termPrepaid Rent. Landlord's ’s obligations with respect to the prepaid rent Prepaid Rent are those of a debtor and not of a trustee, and Landlord can shall be entitled to commingle the prepaid rent Prepaid Rent with Landlord's Xxxxxxxx’s general funds. Landlord shall not be required to pay Tenant interest on the prepaid rentPrepaid Rent. Landlord shall be entitled to immediately endorse and cash Tenant's prepaid rent’s Prepaid Rent; however, such endorsement and cashing shall not constitute Landlord's ’s acceptance of this leaseLease. In the event Landlord does not accept this Lease, Landlord shall promptly return said prepaid rentthe Prepaid Rent to Tenant.

Appears in 1 contract

Samples: Real Property Lease

Prepaid Rent. Upon the execution of this Lease Lease, Tenant shall pay to Landlord the prepaid rent set forth in Section 1, and if Tenant is not in default of any provisions of this Lease, such prepaid rent shall be applied toward the rent due for the last month of the term. Landlord's obligations with respect to the prepaid rent are those of a debtor and not of a trustee, and Landlord can commingle the prepaid rent with Landlord's general funds. Landlord shall not be required to pay Tenant interest on the prepaid rent. Landlord shall be entitled to immediately endorse and cash Tenant's prepaid rent; however, such endorsement and cashing shall not constitute Landlord's acceptance of this lease. In the event Landlord does not accept this Lease, Landlord shall return said prepaid rent.

Appears in 1 contract

Samples: Lease Agreement (Diversified Security Solutions Inc)

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Prepaid Rent. Upon the execution of this Lease Lease, Tenant shall pay to Landlord the prepaid rent set forth in Section 1, and if Tenant is not in default of any provisions of this Lease, such prepaid rent shall be applied toward the rent due for the last month of the term. Landlord's obligations with respect to the prepaid rent are those of a debtor and not of a trustee, and Landlord can commingle the prepaid rent with Landlord's general funds. Landlord shall not be required to pay Tenant interest on the prepaid rent. Landlord shall be entitled to immediately endorse and cash Tenant's prepaid rent; however, such endorsement and cashing shall not constitute Landlord's acceptance of this leaseLease. In the event Landlord does not accept this Lease, Landlord shall return said prepaid rent.

Appears in 1 contract

Samples: Lease Agreement (Igenisys Inc)

Prepaid Rent. Upon the execution of this Lease and as a condition for Landlord’s benefit to the effectiveness of this Lease, Tenant shall pay to Landlord the prepaid rent Rent set forth in Section 1, and if Tenant is not in default of any provisions of this Lease, such 1.15. Such prepaid rent Rent shall be applied toward the rent due Rent for the last first full calendar month of the termTerm for which Rent is due. Landlord's ’s obligations with respect to the prepaid rent Rent are those of a debtor and not of a trustee, and Landlord can commingle the prepaid rent Rent with Landlord's ’s general funds. Landlord shall not be required to pay Tenant interest on the prepaid rentRent. Landlord shall be entitled to immediately endorse and cash Tenant's ’s prepaid rentRent; however, such endorsement and cashing shall not constitute Landlord's ’s acceptance of this leaseLease. In the event Landlord does not accept this Lease, Landlord shall return said prepaid rentRent without interest thereon.

Appears in 1 contract

Samples: Lease Agreement (iRhythm Technologies, Inc.)

Prepaid Rent. Upon the execution of this Lease Lease, Tenant shall pay to Landlord the prepaid rent set forth in Section 1, and if Tenant is not in default of any provisions of this Lease, such prepaid rent shall be applied toward the rent due for the last month of the term. Landlord's obligations with respect to the prepaid rent are those of a debtor and not of a trustee, and Landlord can commingle the prepaid rent with Landlord's general funds. Landlord shall not be required to pay Tenant interest on the prepaid rent. Landlord shall be entitled to immediately endorse and cash Tenant's prepaid rent; however, such endorsement and cashing shall not constitute Landlord's acceptance of this leaseLease. In the event Landlord does not accept this Lease, Landlord shall return said prepaid rentrent 6.

Appears in 1 contract

Samples: Multi Tenancy Industrial Lease (Styrochem International LTD)

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