Rent Deferral Sample Clauses

Rent Deferral. (a) Subject to the provisions of this Amendment, $1,126,534.80 of the Minimum Rent due under the Lease (the “Deferred Rent”) shall be deferred (the “Rent Deferral”). The Deferred Rent shall be applied in three (3) increments as follows: (i) $372,011.04 (which amount is fifty percent [50%]) of the Minimum Rent due for the month of May 2020) shall be applied to Tenant’s Minimum Rent due for the month of May 2020; (ii) $377,261.88 (which amount is fifty percent [50%]) of the Minimum Rent due for the month of June 2020) shall be applied to Tenant’s Minimum Rent due for the month of June 2020; and (iii) $377,261.88 (which amount is fifty percent [50%]) of the Minimum Rent due for the month of July 2020) shall be applied to Tenant’s Minimum Rent due for the month of July 2020. (iv) The period commencing May 1, 2020 and ending July 31, 2020 is sometimes referred to herein as the “Deferral Period”. (b) The Deferred Rent shall be repaid to Landlord, as Additional Rent, in equal monthly installments of $93,877.90 (the “Deferred Rent Repayments”), which shall be due and payable together with the monthly installments of Minimum Rent due for each month for the period starting August 1, 2020 through July 31, 2021 (the “Repayment Period”). (c) The Rent Deferral is expressly conditioned upon Tenant’s paying all Minimum Rent and Additional Rent due under the Lease (including, without limitation, the Deferred Rent Repayments), in a timely fashion. In the event that Tenant does not (i) timely pay the Minimum Rent or Additional Rent due under the Lease two (2) or more times during the Deferral Period or during the Repayment Period, or (ii) there exists any other default (after any required notice and beyond the expiration of any applicable grace or cure period), in addition to any other remedies available to Landlord under the Lease or at law, the Deferred Rent shall be immediately repaid to Landlord, with interest thereon from the date that the same would have been due pursuant to the Lease (without giving effect to this Sixth Amendment) at the Interest Rate. (d) In the event the Rent Deferral is terminated as set forth in Section 2(c) above, Landlord shall be entitled to pursue all remedies available to it for non-payment of Rent (including, without limitation, the Deferred Rent) as set forth in the Lease, in this Sixth Amendment and pursuant to law.

Rent Deferral. Owner and Resident agree to a deferral of the payment of rent for the month of April 2020 as stated in this agreement. It is acknowledged and agreed that rent is still owed. Provided the terms of this agreement as fully complied with, Owner will waive late fees for the deferred payment. The intent of this Deferral is to provide temporary assistance to Resident due to the direct economic impact of the COVID-19 virus. In the event the Pandemic and its effects for Resident continue into the month of May 2020, Resident may apply for additional deferral and modification of this Agreement. Nothing herein shall require Owner to allow for continued deferral of rent.

Rent Deferral. Landlord and Tenant agree to a [full or partial] deferral of the payment of rent for the months of March, April and May 2020 [add additional months or strike through any months that have already been paid] as stated in this Agreement. It is acknowledged and agreed that rent for these months is still owed. Landlord acknowledges that, under Executive Order D 2020 051, it is not legally entitled to assess late fees through May 30, 2020 (or longer, if the Executive Order is extended) and will not do so. The intent of this Agreement is to provide temporary assistance to Tenant due to the direct economic impact of the COVID- 19 virus. In the event the Pandemic and its effects for Tenant continue into the month of June 2020, Tenant may apply for additional deferral and modification of this Agreement. Nothing herein shall require the Landlord to allow for continued deferral of rent.

Rent Deferral. In consideration of the costs incurred by Concessionaire for the construction of the Improvements for the Redevelopment Work, County grants Concessionaire the right to defer some or all the Annual Percentage Rent payable by Concessionaire under this Contract in an aggregate amount equal to the Required Cost Amount (as defined in Section 5.1 below) in accordance with the terms and provisions of this Subsection 4.2.2.3 (the “Rent Deferral Amount”). Commencing with the first month following the Construction Period and continuing each month thereafter until the Rent Deferral Amount is fully applied (the “Rent Deferral Period”), Concessionaire shall have the right to reduce the Percentage Rent payable for such month in an amount equal to the amount by which the Percentage Rent that would otherwise be payable for such month exceeds the Monthly Minimum Rent payable for such month. The Monthly Minimum Rent shall not be affected. Concessionaire shall include with each monthly Gross Receipts report required to be delivered by Concessionaire pursuant to the first paragraph of Subsection 4.2.2 above, an accounting of all cumulative reductions in Percentage Rent applied to date under this Subsection 4.2.2.3 and the amount of any remaining unapplied Rent Reduction Amount.

Rent Deferral. To the extent that Cash Available for Lease Payments for an Accounting Period is insufficient to pay Rent, any and all unpaid Rent shall accrue and will be payable from subsequent Accounting Period’s Cash Available for Lease Payments. Nothing herein shall be construed to impair Landlord’s right to exercise its right under this Lease, including, but not limited to, Landlord’s right to utilize the Excess Cash Flow Reserves, Pledge Agreement, or Collateral Assignment of Revenues to satisfy any unpaid Rent.

Rent Deferral. So long as Tenant and Landlord or Atrium Landlord, as applicable, are negotiating the terms of the Fifth Amendment and/or Atrium Lease, all rent 1. otherwise due under the Lease for the period commencing on January 1, 2004 and ending on December 31, 2004, shall be deferred until the Fifth Amendment and Atrium Lease are entered into by Tenant and Landlord and Atrium Landlord, as applicable, at which point the Fifth Amendment shall be deemed to control and be retroactive to January 1,

Rent Deferral. The parties agree to waive the "Rent Deferral" as described in Paragraph C. of the Recycle Agreement.

Rent Deferral. If Isonics commences this Lease before receiving Adequate Funding, then Isonics may defer payment of Rent for the first three months of this Lease. In that event, Isonics will pay Rent at the rate of $40,000 per month for the remaining nine months of the initial term of this Lease.

Rent Deferral. In consideration of Landlord’s agreement to the provisions of this Amendment, Tenant shall make a lump-sum rent deferral payment to Landlord in the amount of $[ * ], which payment shall be due on the first day of Month 25 of the Lease (counting from the Rent Commencement Date), as shown in the schedule of minimum rental set forth on Exhibit 1 to this Amendment.