Reimbursement by Assignee Sample Clauses

Reimbursement by Assignee. Following the expiration of the Assignor Payment Period, within ten (10) days following receipt of reasonable supporting documentation, Assignee shall reimburse Assignor for (i) the full amount of Base Rent (without interest) actually paid by Assignor to Landlord (estimated to be $4,750,000) pursuant to Section 3.1 above and attributable to the period from April 1, 2020 through December 31, 2020, which reimbursed amount shall be reduced by $461,496 to offset the portion of the Tenant Improvement Allowance (as that term is defined in the Tenant Work Letter attached to the Lease as Exhibit B) that has been disbursed by Landlord to Assignor prior to the Assignment Date, and (ii) Tenant's Share of Direct Expenses (without interest) actually paid by Assignor to Landlord (estimated to be $2,200,000) pursuant to Section 3.1 above and attributable to the period from November 1, 2019 through December 31, 2020.
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Reimbursement by Assignee. Assignee unconditionally promises and agrees that, if at any time Assignor or any of its Affiliates pay any amount under or in respect of any Assumed Obligation (including without limitation any payment to a Current Lifecare Beneficiary) or otherwise incur any expenses in connection with any Assumed Obligation (including without limitation payment of any fees, costs or expenses of the counterparty to the applicable Assumed Agreement and any fees, costs and expenses incurred by Assignor or its Affiliates in connection with any performance, or demand for performance, of any Assumed Obligation) (collectively, the "Assignee Reimbursement Obligations"), Assignee shall, subject to Section 7(b) hereof, pay to Assignor an amount equal to all amounts so paid and all other costs or expenses so incurred no later than two (2) Business Days after receipt from Assignor of notice thereof accompanied by written evidence of such payment or incurrence by Assignor or its Affiliates. Any Assignee Reimbursement Obligations not paid when due hereunder shall bear interest from the date of payment by Assignor or its Affiliate until paid in full at a floating rate equal to the Prime Rate plus two percent (2%). All payments of Assignee Reimbursement Obligations, together with any interest thereon, shall be made without setoff, counterclaim or other defense, and shall be made in lawful money of the United States of America, in same day funds, at such place as Assignor shall direct. All such payments shall be credited first to interest due, if any, and then to the principal of the Assignee Reimbursement Obligations.
Reimbursement by Assignee. Assignee shall reimburse Assignor for any rent or other charges due under the Lease for any period subsequent to the Closing that are paid by Assignor to Landlord. Any such amounts shall be reimbursed by Assignee to Assignor within two (2) days of the Closing.

Related to Reimbursement by Assignee

  • Reimbursement by Xxxxxxx To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required under clauses (a) or (b) of this Section 11.04 to be paid by it to the Administrative Agent (or any sub-agent thereof), the L/C Issuer, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the L/C Issuer, the Swingline Lender or such Related Party, as the case may be, such Xxxxxx’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), the L/C Issuer or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the L/C Issuer or the Swingline Lender in connection with such capacity. The obligations of the Lenders under this clause (c) are subject to the provisions of Section 2.12(d).

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