Common use of Receipt of Rent Clause in Contracts

Receipt of Rent. The receipt of Rent by Landlord, with knowledge of any breach of this Lease by Tenant or of any default on the part of Tenant in the observance, performance or compliance with any of Tenant’s Obligations shall not be deemed to be a waiver of any of the terms, covenants or conditions of this Lease. In the event that Tenant is in arrears in the payment of any Rent or other sum payable hereunder, Tenant waives Tenant’s right, if any, to designate the items against which any payments made by Tenant are to be credited, and Tenant agrees that Landlord may apply any payments made by Tenant to any items Landlord sees fit irrespective of and notwithstanding any designation or request by Tenant as to the items against which any such payments shall be credited.

Appears in 4 contracts

Samples: Agreement of Lease (Angion Biomedica Corp.), Agreement of Lease (Angion Biomedica Corp.), Agreement of Lease (Angion Biomedica Corp.)

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