Rent and Method of Payment Sample Clauses

Rent and Method of Payment. The agreed rent to be paid by the LESSEE is set at FORTY THOUSAND SIX HUNDRED AND EIGHT EUROS (€40,608.00) PER YEAR, which will be distributed over twelve payments of THREE THOUSAND THREE HUNDRED AND EIGHTY-FOUR EUROS (€3,384.00), paid monthly in advance within the first five days of each calendar month.
Sample 1
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Rent and Method of Payment. 4.1 - The rent for each year of the duration of this contract is fixed and agreed on by the Parties at an amount equal to 75% (seventy-five per cent) of the "Gross Operating Profit (hereinafter G.O.P.) made by the Lessee through the management of the business divisions leased from R.V.H. S.r.l. over the course of the year, with the contract signed at the same time as this agreement (hereinafter, the "Variable Rent"). For the purposes of defining the Variable Rent, the parties mutually acknowledge that the Gross Operating Profit is understood as the difference between typical revenues – net of returns, taxes, allowances, premiums and discounts of any nature – and typical fixed and variable (or management) costs, therefore expressly excluding direct taxes, profits and financial burdens as well as amortization of tangible and intangible assets and payment due to the administrative body and the Board of Auditors, where relevant. Furthermore, the parties expressly agree that the definition of G.O.P. excludes the costs incurred by the Lessee in carrying out extraordinary restructuring works on the properties listed in detail sub article 5). In addition, the calculation of G.O.P. shall also exclude any surplus in relation to the management costs or the services provided by JSH S.r.l. or affiliated or subsidiary companies in relation to the contents of the budget, which will be approved by the Lessor. The Variable Rent determined in this way must be adjusted for the amount that the Lessee shall pay to the company RVH SRL for annual rent of the business divisions. 4.2 - The Lessee, however, is obligated to pay a guaranteed minimum rent (hereinafter, the "Minimum Rent") that must be paid by the Lessee every year, regardless of the G.O.P., equal to the amount determined below.
Sample 1
Rent and Method of Payment. 4.1 The annual rental is RMB1.2 million for the first and second year(February 1, 2012—January 31, 2014) and the annual rental will increase by 10% on the basis of annual rental of second year in the third and fourth year(February 1, 2014— January 31, 2016), if Party B registers a company in the premise which generates tax, the annual rental will increase by 5%. The annual rental will increase by 10% on the basis of annual rental of the fourth year for the fifth and sixth year(February 1, 2016— January 31, 2018), if Party B registers a company in the premise which generates tax, the annual rental will increase by 5%.The standard of rent is tabled as below. 1 February 1, 2012— January 31, 2014 1.2 million 1.2 million 2 February 1, 2014— January 31, 2016 1.26 million 1.32 million 3 February 1, 2016— January 31, 2018 1.323 million 1.452 million 4.2 The rental shall be paid quarterly in advance. Party B shall pay the rent of the next period of payment ten days before each period of payment expires and within three working days upon receipt of rents, Party A shall issue a lease invoice. If Party A rejects to issue a lease invoice when the next period of payment expires, Party B will have right to suspend paying the rent of next period of payment until Party A issues a lease invoice. 4.3 Within one week upon the effective date of this Contract, Party B shall pay RMB100,000 equivalent of one month rent serving as performance deposit in order to ensure its performance of all clauses herein, and within in one week upon the effective date, Party B shall pay Party A the rent in an amount of RMB300,000 of first monthly payment(namely from May 1, 2012 to July 31, 2012). Otherwise Party A has right to terminate this Contract. Upon receipt of the deposit and rent, Party A shall issue a receipt to Party B. 4.4 Party A has right to offset and deduce any unpaid rent and liquidated damages form the deposit. If the deposit is not sufficient to deduct, Party A has right to notify Party B and Party B shall further pay Party A within five days upon receiving Party A’s notification. 4.5 Upon the expiration of the tenancy, Party A shall return the deposit without any interests to Party B within 14 days after Party B pays off all the related fees including water, electricity, other fees result from using the premise and hand over the Premise in a good condition.
Sample 1
Rent and Method of Payment. Pursuant to the Finance Lease Agreement, the Lessor agreed to lease back the Leased Assets to the Lessee. The rent is calculated and paid in RMB and comprised of Lease Principal and lease interest. In particular, the Lease Principal is of the same amount as the transfer consideration, being RMB150 million. The total amount of lease interest for the Lease Period is approximately RMB3,901,231.64. The Lease Principal and lease interest shall be paid by the Lessee to the Lessor in four installments during the Lease Period, which will be funded by the internal source of the Group. The terms of the Finance Lease Agreement, including the transfer consideration for the Leased Assets, Lease Principal, lease interest and other expenses under the Finance Lease Agreement were determined upon arm’s length negotiation between the Lessee and the Lessor with reference to the book value of the Leased Assets and the recent financing cost of the Group. In addition, Lessee shall pay a service fee of RMB1,850,000 to Lessor within three days upon entering into the Finance Lease Agreement. It is expected that in accordance with the requirement of International Financial Reporting Standards, the transactions contemplated under the Finance Lease Agreement as a whole shall be accounted for as financing arrangements and therefore would not give rise to any gain or loss. Pursuant to the Finance Lease Agreement, the ownership of the Leased Asset shall be transferred to Lessor while Lessee shall be entitled to occupy and use the Leased Asset. Subject to the fulfillment of all the obligations under the Finance Lease Agreement by the Lessee, upon the expiry of the Lease Period, the Lessee shall have the right to require the Lessor to sell the ownership of the Leased Assets back to the Lessee at the consideration of RMB100 in nominal value. If Lessee defaults during the Leased Period, the consideration of the ownership of the Leased Assets in nominal value will be adjusted to RMB1,000. Under the Finance Lease Agreement, the Lessee agreed to mortgage a real estate and pledge the right to the income generated from such real estate such as rent, management fees, etc to ensure the performance of the Finance Lease Agreement by the Group.
Sample 1
Rent and Method of Payment. (1) Monthly rent standard: RMB two hundred and fifty-two thousand two hundred and twelve (in figures: RMB 252,212.00); (2) Method of payment: quarterly basis. The payment dates and payable amounts for respective quarterly rents: Payment No. Payment date Period covered by payment Payable rent 1 Within 5 working days after signing and sealing by both parties Sept. 10, 2011-Dec. 31, 2011 686846.00 2 December 20, 2011 Jan. 1, 2012-Mar. 31, 2012 756,636.00 3 March 20, 2012 Apr. 1, 2012-Jun. 30, 2012 756,636.00 4 June 20, 2012 Jul. 1, 2012-Sept. 30, 2012 756,636.00 5 September 20, 2012 Oct. 1, 2012-Dec. 31, 2012 756,636.00 6 December 20, 2012 Jan. 1, 2013-Mar. 31, 2013 756,636.00 7 March 20, 2013 Apr. 1, 2013-Jun. 30, 2013 756,636.00 8 June 20, 2013 Jul. 1, 2013-Sept. 30, 2013 756,636.00 9 September 20, 2013 Oct. 1, 2013-Dec. 31, 2013 756,636.00 10 December 20, 2013 Jan. 1, 2014-Mar. 31, 2014 756,636.00 11 March 20, 2014 Apr. 1, 2014-Jun. 30, 2014 756,636.00 12 June 20, 2014 Jul. 1, 2014-October 31, 2014 1,008,848.00 (1) Standard of lease deposit: RMB seven hundred and fifty-six thousand six hundred and thirty-six (RMB 756,636.00). Upon expiry of the lease term or termination of this Contract, The remaining portion of the lease deposit following the offsetting of the expenses and rents payable by Party B as well as the liquidated damages payable by Party B shall be refunded to Party B. Party A shall issue an effective deposit receipt to Party B. (2) Deposit payment date: payable within 5 working days after the signing and sealing by both parties.
Sample 1
Rent and Method of Payment. Pursuant to the Finance Lease Agreement, the Lessor agreed to lease back the Leased Assets to the Lessee. The rent comprises lease principal and lease interest. The lease principal shall be same as the transfer consideration, totaling RMB300,000,000. Lease interest is calculated according to the floating interest rate model, that is, adjustments shall be made on the same date of every 12 months from the commencement date of the lease, and new leasing rate shall be implemented based on the LPR of the same period most recently announced by the National Interbank Center as the corresponding interest rate and the increase or decrease points agreed by both parties. The total interest of the lease during the lease period amounts to approximately RMB46,067,777. The rent is paid quarterly in RMB. The rent shall be paid on the 15th of the last month of each period. Among them, the first year is exempt from repayment of principal, but only interest shall be repaid, and from the second year onwards, the principal and interest shall be repaid in equal amounts on a quarterly basis.
Sample 1
Rent and Method of Payment. 1. Party A shall pay rent to Party B. From the date when the lease relation is established between both parties to December 31, 2009, Party A shall pay to Party B an annual rent of RMB 1.8 million, including RMB 1.4 million for the lease of land use right and RMB 400,000 for lease of houses; from January 1, 2010 to December 31, 2014, Party A shall pay to Party B an annual rent of RMB 1.6 million, including RMB 1.3 million for lease of land use right and RMB 300,000 for lease of houses. 2. A rent of RMB 450,000 shall be paid at the end of each quarter of each year. From January 1, 2010, a rent of RMB 400,000 shall be paid at the end of each quarter.
Sample 1
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Rent and Method of Payment. 4.1 Monthly payment of the leased Premises: Sixty-five thousand yuan (RMB65,000) for each month since March 25, 2018 to March 24, 2023. 4.2 Method of payment: Bank Transfer; 3 months’ rent at one time with xxxxxxx money equal to 3 months’ rent. Party B shall make the first payment at the Signing date and make each periodic payment 10 days before due date.
Sample 1
Rent and Method of Payment 
Sample 1

Related to Rent and Method of Payment

  • Time and Method of Payment (Amounts Distributed by the Administrative Agent). Except as otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2019-1 Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (Eastern time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (Eastern time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable Funding Agent for the benefit of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in like funds as received. Except as otherwise provided in Section 2.07 and Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (Eastern time) on the date due. Any funds received after that time on such date will be deemed to have been received on the next Business Day. The Master Issuer’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Master Issuer to the Administrative Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02, whether or not such funds are properly applied by the Administrative Agent or by the Trustee or Paying Agent. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the applicable Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent.

  • Compensation and Method of Payment Subject to any limitations set forth in this AGREEMENT, CITY agrees to pay CONSULTANT the amounts specified in EXHIBIT "B" "COMPENSATION" and made a part of this AGREEMENT. The total compensation, including reimbursement for actual expenses, shall not exceed unless additional compensation is approved in writing by the City Council or City Manager. Each month CONSULTANT shall furnish to CITY an original invoice for all work performed and expenses incurred during the preceding month. The invoice shall detail charges by the following categories: labor (by sub-category), travel, materials, equipment, supplies, sub-consultant contracts and miscellaneous expenses. CITY shall independently review each invoice submitted by the CONSULTANT to determine whether the work performed and expenses incurred are in compliance with the provisions of this AGREEMENT. In the event that no charges or expenses are disputed, the invoice shall be approved and paid according to the terms set forth below. In the event any charges or expenses are disputed by CITY, the original invoice shall be returned by CITY to CONSULTANT for correction and resubmission. Except as to any charges for work performed or expenses incurred by CONSULTANT which are disputed by CITY, CITY will use its best efforts to cause CONSULTANT to be paid within thirty (30) days of receipt of CONSULTANT’s invoice. Payment to CONSULTANT for work performed pursuant to this AGREEMENT shall not be deemed to waive any defects in work performed by CONSULTANT.

  • Purchase Price and Method of Payment The purchase price for the Property is Sixteen Million Five Hundred Thousand DOLLARS and No CENTS ($16,500,000.00) adjusted, if required, as provided in Sections 5 and 14 and payable as follows: (a) Two Hundred Fifty Thousand DOLLARS and No CENTS ($250,000.00) xxxxxxx money deposit (the “First Xxxxxxx Money Deposit”) paid by Buyer to Xxxxxx & Xxxxx LLC (the “Escrow Agent”) within five (5) business days following receipt, by Buyer, of a copy of this Contract dated and signed by Seller. The First Xxxxxxx Money Deposit shall be held in trust by the Escrow Agent subject to such agent’s standard form of escrow agreement (the “Escrow Agreement”) which Seller and Buyer shall join in and execute and disbursed as set forth below. (b) Seven Hundred Fifty Thousand DOLLARS and No CENTS ($750,000.00) xxxxxxx money deposit (the “Second Xxxxxxx Money Deposit”) (collectively the First Xxxxxxx Money Deposit and the Second Xxxxxxx Money Deposit are referred to herein as the “Xxxxxxx Money Deposits” and are to be held pursuant to the terms of the Escrow Agreement) paid by Buyer to the Escrow Agent within three (3) business days following the expiration of the Inspection Period (as hereinafter defined) in the event Buyer elects not to terminate this Contract by written notice to Seller prior to expiration of the Inspection Period. (c) The balance of Fifteen Million Five Hundred Thousand DOLLARS and No CENTS ($15,500,000.00) shall be payable in cash, by completed bank wire transfer of federal funds to an account designated by Seller, or by way of a cashier’s check issued by a state or national banking institution located in Orange County, Florida, it being understood that the precise amount of cash payable at closing to complete payment of the cash portion of the purchase price may vary depending upon the applicable adjustments and prorations, including, but not limited to, the adjustment to the purchase price pursuant to Sections 5 and 14 below.

  • Currency and method of payments All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to such account with such bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

  • Method of Payments Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

  • Method of Payment Subject to Section 9.01(c), distributions required to be made to Certificateholders on any Distribution Date shall be made to each Certificateholder of record on the related Record Date either by check mailed to such Certificateholder at the address of such holder appearing in the Certificate Register or by wire transfer, in immediately available funds, to the account of any Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder shall have provided to the Certificate Registrar appropriate written instructions at least five Business Days prior to such Distribution Date.

  • Withholding of Payment City reserves the right to withhold, in whole or in part, payment for any and all work that: (i) has not been completed by Contractor; (ii) is inadequate or defective and has not been remedied or resolved in a manner satisfactory to the City Project Manager; or (iii) which fails to comply with any term, condition, or other requirement under this Agreement. Any payment withheld shall be released and remitted to Contractor within THIRTY (30) calendar days of the Contractor’s remedy or resolution of the inadequacy or defect.

  • Withholding of Payments Notwithstanding anything to the contrary herein, the Grantee acknowledges that payments due under this Contract may be withheld or permanently suspended, in whole or in part, if Grantee fails to comply with any federal or state law, administrative rule, or regulation applicable to the services provided herein, or if Grantee fails to perform its duties and responsibilities in accordance with the terms and conditions of this Contract.

  • Method of Compensation It is understood by the parties that, insofar as pay is concerned, employees temporarily filling a position in a higher broadband level shall be paid according to the same compensation method as promoted employees pursuant to the Rules of the State Personnel System.

  • Purchase Price and Terms of Payment The purchase price (“Purchase Price”) for the Interests is SIXTY FIVE MILLION ONE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($65,150,000.00); provided, however, under certain circumstances, as set forth in Section 3(b) hereof, the Purchase Price is subject to be increased based upon the cost to defease all or a part of the Indebtedness. The Purchase Price shall be paid by Buyer as follows: A. Within three (3) business days after the Effective Date, Buyer shall deposit the sum of FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00) with the Escrow Agent and the Escrow Agent shall deposit the Xxxxxxx Money (hereinafter defined) in an interest bearing account. Buyer shall be entitled to all interest accumulating on the Xxxxxxx Money, unless Seller is entitled to retain the Xxxxxxx Money as liquidated damages pursuant to the terms of Section 14 below. The initial $500,000 deposit together with interest on all such amounts shall hereinafter collectively be called the “Xxxxxxx Money.” Buyer’s taxpayer identification number is 00-0000000. B. Upon Closing and subject to the provisions of Section 3(b) hereof, the Indebtedness shall not be discharged or released (whether by pay off or defeasance, as applicable), but shall remain outstanding after Closing and the Buyer shall assume such Indebtedness. The Indebtedness, and all documents executed in connection therewith, is listed on Schedule 6 attached hereto and made a part hereof (hereinafter, the “Loan Documents”). C. Upon Closing, the Xxxxxxx Money shall be applied against the Purchase Price, and the balance of the Purchase Price (subject to the adjustments set forth in paragraph D below) shall be paid to Seller by wire transfer of immediately available funds pursuant to written instructions from Seller. If this Agreement is terminated pursuant the provisions hereof and Buyer is not in default under this Agreement, then Buyer shall be entitled to a return of the Xxxxxxx Money. D. The amount of cash payable at Closing shall be equal to the amount of the Purchase Price less the amount of Indebtedness (principal and interest) actually assumed by Buyer at Closing (and not defeased) and for which the Companies are released from liability. Seller acknowledges and agrees that: (a) the Exploration Indebtedness will have an outstanding principal balance of approximately $3,444,276.00 as of December 31, 2003, a fixed interest rate of 8.6251% and a maturity date of June 26, 2009; (b) the Exploration III Indebtedness will have an outstanding principal balance of approximately $3,057,761.00 as of December 31, 2003, a fixed interest rate of 8.75% and a maturity date of August 1, 2007; and (c) the Red Cedar Indebtedness will have an outstanding principal balance of approximately $4,104,082.00 as of December 31,2003, a fixed interest rate of 7.7% and a maturity date of November 1, 2007. E. Notwithstanding any contrary provision contained herein, the Purchase Price shall also be increased at Closing by an amount equal to the total amount of all escrow amounts held by the holder or holders of all Loans assumed by Buyer at Closing, including, without limitation, escrows for taxes, insurance, leasing upfit costs and leasing commissions.

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