Common use of Rent and Payments Clause in Contracts

Rent and Payments. Rent is to be paid by Lessee for the premises in the amount of $ per month, subject to the (a) Rent is payable monthly in advance on or before the first day of each month. (b) Rent is payable at Lessor's address stated in Paragraph 1 herein unless Lessor notifies Lessee of a different address. (c) A late charge, which shall be deemed additional rent, of $5 per day shall be due if rent is paid on or after the sixth day of the month. The late charge for a month shall be retroactive to the first day of the month and computed through the date of full rent payment for the month or the last day of the month, whichever is earlier. The total amount of late charges shall not exceed $150.00 per month. (d) Rent shall be pro-rated for any partial months included in the lease term. (e) Absent Lessor's contrary agreement, payments by Lessee shall be credited first to delinquent and current charges owed by Lessee other than late charges or rent, second to delinquent rent, third to current rent, and last to delinquent/current late fees, regardless of any notations to the contrary on Lessee's check or other payment advice. (f) Lessee agrees that any check returned unpaid by a bank for any reason shall be deemed nonpayment and shall be subject to late charges, an administrative charge of $50, and bank charges incurred by Lessor, all of which shall be deemed additional rent. (g) Lessee agrees to pay all returned checks in the form of cashier's check or money order. (h) Lessor will not accept a personal check from any Lessee whose checks have been returned unpaid by a bank more than twice. (i) Nonpayment of any amount described in this lease as additional rent shall entitle Lessor to pursue all available legal remedies for nonpayment of rent.

Appears in 1 contract

Samples: Residential Lease Agreement

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Rent and Payments. Rent is LESSEE'S obligation to be paid by Lessee pay rent under each Lease Schedule shall begin on the Commencement Date and continue for the premises term. The monthly rent (hereinafter referred to as "Monthly Rent") set forth in the amount of $ per month, subject to the (a) Rent is Lease Schedule shall be due and payable monthly in advance on or before the first day of each month. (b) Rent is payable at Lessor's address stated in Paragraph 1 herein unless Lessor notifies Lessee calendar month during the Initial Term without notice or demand notwithstanding the fact that LESSOR may, as a convenience only, invoice LESSEE. If the Commencement Date of a different address. (c) A late charge, which Lease Schedule shall be deemed additional rent, of $5 per day shall be due if rent is paid on or after the sixth day of the month. The late charge for a month shall be retroactive to other than the first day of the month month, LESSEE shall make a rental payment (hereinafter referred to as "Interim Rent") equal to 1/30th of the Monthly Rent set forth in the Lease Schedule for each day beginning with the Commencement Date to and computed through the date of full rent payment for the month or including the last day of the month, whichever is earliermonth prior to the beginning of the Initial Term. The total amount of late charges shall not exceed $150.00 per month. (d) Any amounts payable by LESSEE under this MASTER LEASE other than the Monthly Rent and Interim Rent shall be pro-rated for any partial months included in the lease term. deemed to be additional rent (ehereinafter referred to as "Additional Rent") Absent Lessor's contrary agreement, payments by Lessee shall be credited first to delinquent and current charges owed by Lessee other than late charges or rent, second to delinquent rent, third to current rent, and last to delinquent/current late fees, regardless of any notations to the contrary on Lessee's check or other payment advice. (f) Lessee agrees that any check returned unpaid by a bank for any reason shall be deemed nonpayment and shall be subject paid within twenty (20) days of invoicing by LESSOR. Rent shall be paid to late chargesLESSOR at the address designated herein or at such other place as LESSOR designates in writing, or if to an administrative charge assignee of $50LESSOR, at such place as such assignee shall designate in writing. As used herein, the term "rent" shall mean all Monthly Rent, Interim Rent and Additional Rent. THIS IS A NONCANCELABLE LEASE. LESSEE shall pay the total rents for the entire term to LESSOR, or LESSOR'S assignee (as defined herein), and bank charges incurred by Lessor, all such payment of which rents shall be deemed additional rent. (g) Lessee agrees absolute and unconditional without right to pay all returned checks in the form of cashier's check setoff, reduction, abatement, counterclaim, recoupment, or money order. (h) Lessor will not accept a personal check from any Lessee whose checks have been returned unpaid by a bank more than twice. (i) Nonpayment defense of any amount described in this lease as additional rent shall entitle Lessor to pursue all available legal remedies for nonpayment of rentkind whatsoever.

Appears in 1 contract

Samples: Master Lease Agreement (Unison Healthcare Corp)

Rent and Payments. Rent is LESSEE'S obligation to be paid by Lessee pay rent under each Lease Schedule shall begin on the Commencement Date and continue for the premises term. The monthly rent (hereinafter referred to as "Monthly Rent") set forth in the amount of $ per month, subject to the (a) Rent is Lease Schedule shall be due and payable monthly in advance on or arrears within five days of each calendar month for the month before the first day of each month. (b) Rent is payable at Lessor's address stated in Paragraph 1 herein unless Lessor notifies Lessee preceding month during the Initial Term without notice or demand notwithstanding the fact that LESSOR shall invoice LESSEE. If the Commencement Date of a different address. (c) A late charge, which Lease Schedule shall be deemed additional rent, of $5 per day shall be due if rent is paid on or after the sixth day of the month. The late charge for a month shall be retroactive to other than the first day of the month month, LESSEE shall make a rental payment (hereinafter referred to as "Interim Rent") equal to 1/30th of the Monthly Rent set forth in the Lease Schedule for each day beginning with the Commencement Date to and computed through the date of full rent payment for the month or including the last day of the month, whichever is earliermonth prior to the beginning of the Initial Term. The total amount of late charges shall not exceed $150.00 per month. (d) Any amounts payable by LESSEE under this MASTER LEASE other than the Monthly Rent and Interim Rent shall be pro-rated for any partial months included in the lease term. deemed to be additional rent (ehereinafter referred to as "Additional Rent") Absent Lessor's contrary agreement, payments by Lessee shall be credited first to delinquent and current charges owed by Lessee other than late charges or rent, second to delinquent rent, third to current rent, and last to delinquent/current late fees, regardless of any notations to the contrary on Lessee's check or other payment advice. (f) Lessee agrees that any check returned unpaid by a bank for any reason shall be deemed nonpayment and shall be subject paid within twenty (20) days of invoicing by LESSOR. Rent shall be paid to late chargesLESSOR at the address designated herein or at such other place as LESSOR designates in writing, or if to an administrative charge assignee of $50LESSOR, at such place as such assignee shall designate in writing, by check or wire transfer so that all funds are immediately available. As used herein, the term "rents" shall mean all Monthly Rent, Interim Rent and Additional Rent. THIS IS A - NONCANCELABLE LEASE. LESSEE shall pay the total rents for the entire term to LESSOR, or LESSOR'S assignee, and bank charges incurred by Lessor, all such payment of which rents shall be deemed additional rent. (g) Lessee agrees absolute and unconditional without right to pay all returned checks in the form of cashier's check setoff, reduction, abatement, counterclaim, recoupment, or money order. (h) Lessor will not accept a personal check from any Lessee whose checks have been returned unpaid by a bank more than twice. (i) Nonpayment defense of any amount described in this lease as additional rent shall entitle Lessor to pursue all available legal remedies for nonpayment of rentkind whatsoever.

Appears in 1 contract

Samples: Master Lease Agreement (Century Casinos Inc)

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Rent and Payments. Rent is LESSEE'S obligation to be paid by Lessee pay rent under each Lease Schedule shall begin on the Commencement Date and continue for the premises term. The monthly rent (hereinafter referred to as "Monthly Rent") set forth in the amount of $ per month, subject to the (a) Rent is Lease Schedule shall be due and payable monthly in advance on or before the first day of each month. (b) Rent is payable at Lessor's address stated in Paragraph 1 herein unless Lessor notifies Lessee calendar month during the Initial Term without notice or demand notwithstanding the fact that LESSOR may, as a convenience only, invoice LESSEE. If the Commencement Date of a different address. (c) A late charge, which Lease Schedule shall be deemed additional rent, of $5 per day shall be due if rent is paid on or after the sixth day of the month. The late charge for a month shall be retroactive to other than the first day of the month month, LESSEE shall make a rental payment (hereinafter referred to as "Interim Rent") equal to 1/30th of the Monthly Rent set forth in the Lease Schedule for each day beginning with the Commencement Date to and computed through the date of full rent payment for the month or including the last day of the month, whichever is earliermonth prior to the beginning of the Initial Term. The total amount of late charges shall not exceed $150.00 per month. (d) Any amounts payable by LESSEE under this MASTER LEASE other than the Monthly Rent and Interim Rent shall be pro-rated for any partial months included in the lease term. deemed to be additional rent (ehereinafter referred to as "Additional Rent") Absent Lessor's contrary agreement, payments by Lessee shall be credited first to delinquent and current charges owed by Lessee other than late charges or rent, second to delinquent rent, third to current rent, and last to delinquent/current late fees, regardless of any notations to the contrary on Lessee's check or other payment advice. (f) Lessee agrees that any check returned unpaid by a bank for any reason shall be deemed nonpayment and shall be subject to late charges, an administrative charge paid within twenty (20) days of $50, and bank charges incurred invoicing by Lessor, all of which LESSOR. Rent shall be deemed additional rent. (g) Lessee agrees paid to pay all returned checks LESSOR at the address designated herein or at such other place as LESSOR designates in the form writing, or if to an assignee of cashier's LESSOR, at such place as such assignee shall designate in writing, by check or money order. (h) Lessor will not accept a personal check from any Lessee whose checks have been returned unpaid by a bank more than twicewire transfer so that all funds are immediately available. (i) Nonpayment of any amount described in this lease as additional rent As used herein, the term "rent" shall entitle Lessor to pursue mean all available legal remedies for nonpayment of rent.Monthly Rent, Interim Rent and Additional Rent. THIS IS A

Appears in 1 contract

Samples: Master Lease Agreement (Phymed Inc)

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