Common use of Present Worth of Rent Clause in Contracts

Present Worth of Rent. Recover from Tenant, and Tenant will pay to Landlord on demand, an amount equal to the sum of (a) all Rent past due (together with interest thereon at the Maximum Rate), plus (b) the then present worth, as of the date of such recovery, of the aggregate of the Rent and any other charges payable by Tenant under this Lease for the then-unexpired portion of the Term. Landlord will employ a discount rate of 8% per annum to compute present worth.

Appears in 5 contracts

Samples: Office Lease Agreement (Fender Musical Instruments Corp), Multi Tenant Lease Agreement (SXC Health Solutions Corp.), Lease Agreement (Wells Real Estate Fund Xiii L P)

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Present Worth of Rent. Recover from Tenant, and Tenant will pay to Landlord on demand, an amount equal to the sum of (a) all Rent past due (together with interest thereon at the Maximum Rate), plus (b) the then present worth, as of the effective date of such recoverytermination, of the aggregate of the Rent and any other charges payable by Tenant under this Lease for the then-unexpired portion of the Term. Landlord will employ a discount rate of eight percent (8% %) per annum to compute present worth.

Appears in 1 contract

Samples: Office Lease Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

Present Worth of Rent. Recover from Tenant, and Tenant will pay to Landlord on demand, an amount equal to the sum of (a) all Rent past due (together with interest thereon at the Maximum Rate), plus (b) the then present worth, as of the effective date of such recoverytermination, of the aggregate of the Rent and any other charges payable by Tenant under this Lease for the then-unexpired portion of the Term. Term Landlord will employ a discount rate of 8% per annum to compute present worth.

Appears in 1 contract

Samples: Office Lease Agreement (Saleslogix Corp)

Present Worth of Rent. Recover from Tenant, and Tenant will pay to Landlord on demand, an amount equal to the sum of (a) all Rent past due (together with interest thereon at the Maximum Rate), plus (b) the then present worth, as of the date of such recovery, worth of the aggregate of the Basic Rent and any other charges payable by Tenant under this Lease for the then-unexpired portion of the Term. Landlord will employ a discount rate of 8% per annum to compute present worth.

Appears in 1 contract

Samples: Lease Agreement (Sm&a Corp)

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Present Worth of Rent. Recover from Tenant, and Tenant will shall pay to Landlord on demand, an amount equal to the sum of (a) all Rent past due (together with interest thereon at the Maximum Rate), plus (b) the then present worth, as of the effective date of such recoverytermination, of the aggregate of the Rent and any other charges payable by Tenant under this Lease for the then-unexpired portion of the Term. Landlord will shall employ a discount rate of eight percent (8% %) per annum to compute present worth.

Appears in 1 contract

Samples: Office Lease Agreement (CaliberCos Inc.)

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