Quarterly Installments Clause Samples

Quarterly Installments. Installments of Additional Rent for each Lease Year during the Term, or portion thereof, shall be calculated and paid quarterly in arrears, on the first Business Day of the subsequent quarter, together with an Officer’s Certificate setting forth the calculation of Additional Rent due and payable for such quarter.

Quarterly Installments. The Entity expressly agrees that installments of the aforesaid Annual Service Charge shall be paid quarterly in a manner consistent with the City’s tax collection schedule. The first installment of the Annual Service Charge shall be payable upon issuance of a permanent Certificate of Occupancy for any portion of the Project Improvements, the amount of which shall be calculated based on the percentage that the square footage of such portion bears to the total square footage of the Project Improvements. In the event that the Entity fails to timely pay any installment, the amount past due shall bear the highest rate of interest permitted under State law in the case of unpaid taxes or tax liens on the land until paid.

Quarterly Installments. Each Owner agrees that payment of the Annual Service Charge shall be due and payable to the Township on the Annual Service Charge Payment Dates, commencing to accrue as of the Annual Service Charge Start Date. In the event that an Owner fails to timely pay any installment of the Annual Service Charge, the amount past due shall bear until paid the highest rate of interest permitted under applicable State law then being assessed against other delinquent taxpayers in the case of unpaid taxes or tax liens.

Quarterly Installments. Subject to the terms of Section 3.1.2(a), installments of Percentage Rent for each Fiscal Year or portion thereof shall be calculated and paid each Fiscal Quarter in arrears. Payment of each such installment shall be made within thirty (30) days after the end of each Fiscal Quarter and shall be accompanied by (i) a statement from the Operator setting forth the calculation of Percentage Rent due and payable for such Fiscal Quarter if the Operating Agreement is in effect or (ii) a certificate from an officer of the Tenant certifying to the best of his knowledge and belief and setting forth the calculation of Percentage Rent due and payable for such Fiscal Quarter if the Operating Agreement is not in effect. Installments due with respect to each Fiscal Quarter shall be equal to the Percentage Rent for all Fiscal Quarters elapsed during the applicable Fiscal Year less amounts previously paid with respect thereto by Tenant. If the Percentage Rent for such elapsed Fiscal Quarters as shown on the last quarterly statement is less than the amount previously paid with respect thereto by Tenant, Tenant shall be entitled to offset the amount of such difference against Rent next coming due under this Agreement, such offset to be applied together with interest at the Disbursement Rate accruing from the date of payment by Tenant until the date the offset is applied.

Quarterly Installments. Installments of Percentage Rent for each Fiscal Year or portion thereof shall be calculated and paid each Fiscal Quarter in arrears. Payment of each such installment shall be made within thirty (30) days after the end of each Fiscal Quarter and shall be accompanied by a statement setting forth the calculation of Percentage Rent due and payable for such Fiscal Quarter, together with a statement by the controller of the Hotel that, to the best of his or her knowledge and belief, and subject to year-end audit and adjustment, such statement of Percentage Rent is true and correct in all material respects. Installments due with respect to each Fiscal Quarter shall be equal to the Percentage Rent for all Fiscal Quarters elapsed during the applicable Fiscal Year less amounts previously paid with respect thereto by Tenant. If the Percentage Rent for such elapsed Fiscal Quarters as shown on the last quarterly statement is less than the amount previously paid with respect thereto by Tenant, Tenant shall be entitled to offset the amount of such difference against Rent next coming due under this Agreement, such offset to be applied together with interest at the Disbursement Rate accruing from the date of payment by Tenant until the date the offset is applied. Commencing with the first Fiscal Year following the Base Year amounts due shall be determined by measuring Total Hotel Sales for all Fiscal Quarters elapsed against Base Hotel Sales for the equivalent period during the Base Year.

Quarterly Installments. On each Repayment Date, the Borrower shall repay the principal amount of the Loan in an amount equal to 2.5% of the Loan advanced on the Funding Date.

Quarterly Installments. The Entity shall pay the Annual Service Charge in quarterly installments on those dates when real estate tax payments are due; subject, nevertheless, to adjustment for over or underpayment within thirty (30) days after the close of each calendar year as provided in Section 4.1 hereof. In the event that the Entity or unit owner fails to pay the Annual Service Charge or the Annual Administrative. Fee in full, the unpaid amount shall bear the highest rate of interest permitted in the case of unpaid taxes or tax liens on the land until paid.

Quarterly Installments. Installments of Additional Rent for each Lease Year or portion thereof shall be calculated and paid each Fiscal Quarter in arrears. Payment of each such installment shall be made within 45 days after the end of each Fiscal Quarter and shall be accompanied by an Officer's Certificate setting forth the calculation of Additional Rent due and payable for such Fiscal Quarter. The installment due with respect to each Fiscal Quarter shall be equal to the Additional Rent due on Excess Hotel Sales for all Fiscal Quarters elapsed during the applicable Fiscal Year less amounts previously paid with respect thereto by Tenant. Amounts due shall be determined by measuring Total Hotel Sales for all Fiscal Quarters elapsed against Base Total Hotel Sales for the equivalent period during the Base Year.

Quarterly Installments. Walnut URE expressly agrees that the Annual Service Charge shall be paid in quarterly installments on those dates when ad valorum real estate tax payments are due; subject, nevertheless, to an adjustment for over or underpayment within thirty (30) days after the close of each calendar year.