Receipt of Monies. No receipt of monies by Landlord from or for the account of Tenant or from anyone in possession or occupancy of the Premises after the giving of any notice under this Lease, including, without limitation, a notice of termination of this Lease, shall reinstate, continue or extend the Term of this Lease or affect any notice given to Tenant prior to the receipt of such money. No payment by Tenant or receipt by Landlord of a lesser amount than the charges herein reserved shall be deemed to be other than on account of the earliest stipulated rent or other charges, nor shall any endorsement or statement on any check or on any letter accompanying any check be deemed to be an accord and satisfaction. Landlord shall not be deemed to have accepted payment made to a “lockbox” or other depository until ten (10) days after Landlord’s actual receipt of the payment if, and only if, during said period Landlord did not refund or attempt to refund such payment. Landlord’s consent to or approval of any act by Tenant requiring Landlord’s consent or approval shall not be deemed to waive or render unnecessary Landlord’s consent to or approval of any subsequent act by Tenant.
Receipt of Monies. It is our policy not to accept client monies into a Mount Street Trustees bank account. We encourage clients to make premium cheques payable to the Insurer or product provider with whom the product is being placed, or alternatively to have these payments made by direct debit to the product provider.
Receipt of Monies. No receipt of moneys by Landlord from Tenant after the giving a termination notice or a notice to obtain possession, after expiration of the applicable cure period or after the retaking of possession by Landlord as aforesaid, shall reinstate, continue, or extend the Term or affect any notice previously given to Tenant, waive Landlord’s right to enforcement of Rent payable by Tenant or thereafter falling due, or waive Landlord’s right to recover possession of the Premises. After the service of any such notice, or commencement of any suit or summary proceedings, or after a final and unappealable order or judgment for possession of the Premises, Landlord may demand, receive, and collect any moneys due or thereafter falling due without in any manner affecting such notice, proceeding, order, suit, or judgment. Any sums so collected shall instead be deemed payments on account of use and occupation of the Premises or, at Landlord’s election, to have been made on account of Tenant’s liability under this Lease.
Receipt of Monies. Unless such payment shall fully cure all Monetary Defaults, no receipt of moneys by Landlord from Tenant after the giving of a termination notice or a notice to obtain possession, or after the retaking of possession by Landlord as aforesaid, shall reinstate, continue, or extend the Term or affect any notice previously given to Tenant, or operate as a waiver of Landlord's right to enforcement of Rent payable by Tenant under this Lease or thereafter falling due, or operate as a waiver of Landlord's right to recover possession of the Premises. After the service of any such notice, or the commencement of any suit or summary proceedings, or after a final order or judgment for possession of the Premises, Landlord may demand, receive and collect any moneys due or thereafter falling due without in any manner affecting such notice, proceeding, order, suit, or judgment, unless such payments shall fully cure all Monetary Defaults. Any sums so collected (without thereby curing all Monetary Defaults) shall instead be deemed payments on account of use and occupation of the Premises or, at Landlord's election, to have been made on account of Tenant's liability under this Lease.
Receipt of Monies. The receipt by Lender of any sum of money pursuant to this Agreement with knowledge of the breach of any term, covenant or provision of this Agreement shall not be deemed a waiver of such breach. No payment by Borrower or receipt by Lender of a lesser amount than any sum of money herein stipulated shall be deemed to be other than on account of such stipulated sum, nor shall any endorsement or statement on any check, or any letter accompanying any check, be deemed an accord and satisfaction and Lender may accept such payment or check without prejudice to Lender’s right to recover the balance of any payment or other monies under this Agreement or pursue any of the remedies hereunder or under the other Loan Documents.
Receipt of Monies. No receipt of monies by Landlord from or for the account of Tenant or from anyone in possession or occupancy of the Premises after the giving of any notice under this Lease, including, without limitation, a notice of termination of this Lease, shall reinstate, continue or extend the Term of this Lease or affect any notice given to Tenant prior to the receipt of such money. No payment by Tenant or receipt by Landlord of a lesser amount than the charges herein reserved shall be deemed to be other than on account of the earliest stipulated rent or other charges owed by Tenant, nor shall any endorsement or statement on any check or on any letter accompanying any check be deemed to be an accord and satisfaction. Landlord’s consent to or approval of any act by Tenant requiring Landlord’s consent or approval shall not be deemed to waive or render unnecessary Landlord’s consent to or approval of any subsequent act by Tenant.
Receipt of Monies. The parties each agree that should any of them receive any money from the sale, liquidation, casualty or other disposition of, or as a result of their SECURITY INTERESTS in, any COLLATERAL as to which it does not hold the SENIOR LIEN at anytime prior to the payment in full of all of the obligations owed by the DEBTORS to the parties holding PRIOR SECURITY INTERESTS, they will (unless otherwise restricted by law) hold the same in trust for the party holding the SENIOR LIEN in such COLLATERAL and promptly pay over the same to the party holding the SENIOR LIEN for application to the obligations of the DEBTORS owed to the party holding the SENIOR LIEN.
Receipt of Monies. A. No receipt of monies, including Rent, by Lessor from Lessee, or any other person acting for or on Lessee's behalf, after expiration, termination, or cancellation of the Lease shall reinstate, continue, or extend the Term; affect any notice previously given to Lessee; operate as a waiver of Lessor's right to enforce payment of any Rent or other monies due or thereafter falling due; or, operate as waiver of the right of Lessor to recover possession of the Lease Premises by legal action. Lessor and Lessee agree that after commencement of any legal action or after a final order or judgment for possession of the Lease Premises or establishing Lessors' rights and remedies, Lessor may demand, receive, and collect any monies due without affecting such notice, legal action, order, or judgment. All such monies collected shall be deemed to be payments on account for Lessee's liability under this Lease.
B. Lessee understands that Lessor's receipt of any monies is governed by statute and the related regulations. Lessee agrees that Lessor's negotiation of Lessee's check or other means of payment, and crediting the proceeds of such instrument to a suspense account, does not constitute acceptance of Lessee's payment. Payment is not made until it is accepted in accordance with the statutes and regulations, which govern Lessor's operations.
C. Lessor shall have the xxxxx xx apply any payments made by Lessee to satisfy Lessee's debt or obligation to Lessor at Lessor's sole discretion, and without regard to Lessee's instructions as the application of any such payment or part thereof, whether such instructions are endorsed on Lessee's check or otherwise, unless Lessor and Lessee otherwise agree, in writing, before Lessor accepts such payment. Lessor's acceptance of a check or payment by Lessee or others on Lessee's behalf shall not, in any way, affect Lessee's liability hereunder nor shall it be deemed an approval of any assignment or subletting of this Lease.
Receipt of Monies. In the event either Borrower or TBS shall receive any checks, drafts, acceptances, items, cash monies or any other payment relating to and/or proceeds of the Collateral, no later than the first business day following receipt thereof, Borrower and TBS shall deliver the same or cause the same to be delivered to Lender for deposit in the Collateral Account. Borrower's delivery of any and all such items to the Collateral Account and/or to Lender shall constitute Borrower's representation to Lender that same are proceeds of Collateral.
Receipt of Monies. No receipt of monies by Landlord from Tenant after termination of this Lease, or after the giving of any notice of termination of this Lease, shall reinstate, continue or extend the term of this Lease or affect any notice theretofore given to Tenant, or operate as a waiver of the right of Landlord to enforce the payment of Rent and any other sum or sums of money and other charges herein reserved and agreed to be paid by Tenant then due or thereafter falling due, or operate as a waiver of the right of Landlord to recover possession of the Land by proper remedy.
