Rent Obligation Clause Samples

The RENT OBLIGATION clause defines the tenant’s responsibility to pay rent to the landlord as specified in the lease agreement. It typically outlines the amount of rent due, the payment schedule (such as monthly or quarterly), acceptable payment methods, and any penalties for late payment. This clause ensures that both parties are clear about the financial commitments involved, helping to prevent disputes over payment and providing a legal basis for enforcement if rent is not paid as agreed.
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Rent Obligation. The parties intend and agree that the obligations of Tenant to pay Rent shall be separate and independent covenants and agreements and shall continue unabated throughout the Term hereof unless modified or terminated pursuant to an express provision of this Lease.
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Rent Obligation. The obligation of Tenant to pay all Rent and other sums hereunder provided to be paid by Tenant and the obligation of Tenant to perform Tenant's other covenants and duties hereunder constitute independent, unconditional obligations to be performed at all times provided for hereunder, save and except only when an abatement thereof or reduction therein is hereinabove expressly provided for. Tenant waives and relinquishes all rights which Tenant might have to claim any nature of lien against, withhold or deduct from, or offset against any Rent and other sums provided hereunder to be paid to Landlord by Tenant. Tenant waives and relinquishes any right to assert, either as a claim or as a defense, that Landlord is bound to perform or is liable for the nonperformance of any implied covenant or implied duty of Landlord not expressly herein set forth.
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Rent Obligation. Both Parties agree that occupancy of the Premises for one or more days each month shall obligate the 2nd Party for a full month's rent. There shall be no apportionment of rent on a daily basis. If the contract begins and ends on a day other than the first day of a month, occupancy for one or more days in each thirty day rent period shall obligate the tenant for a full thirty days rent unless otherwise agreed upon in this contract by 1st Party.
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Rent Obligation. Upon termination of this Lease in whole or in part as herein provided, all rentals and other charges payable by Lessee to or on behalf of Lessor hereunder shall be paid up by Lessee to the date on which actual physical possession shall be taken by the condemnor, and, Lessee shall thereafter be liable
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Rent Obligation. Upon termination of this Lease by a total condemnation of the Leased Premises, all rents and other charges payable by Lessee to or on behalf of Lessor under the provisions of this Lease shall be paid up to the date on which actual physical possession of the Leased Premises shall be taken by the condemnor. The parties hereto shall thereafter be released from all further liability in relation thereto.
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Rent Obligation. Sublessee covenants and agrees to pay the Rent as hereinafter defined to Sublessor during the Sublease Term, without notice and without offset, deduction or abatement. Sublessee's obligation to pay Rent accrues and rent payments shall commence on January 10, 2000.
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Rent Obligation. Lessee shall pay to Lessor all rent when due without demand, deduction or set off, except as provided in this Lease. Payment by the Lessee of rent shall be net of the whole amount of the withholding tax on rentals, if any is due. The Lessee, if required, shall, pursuant to appropriate laws, rules and regulations, deduct the withholding tax on rental payments and remit the same to the Bureau of Internal Revenue. The Lessee, if required, shall furnish the Lessor a duly certified written statement showing the payments made by the Lessee to the Lessor during the quarter and the amount of taxes withheld therefrom together with a copy of the Remittance Return and the corresponding tax receipts. Lessee’s obligation to pay rent is independent from any of Lessor’s obligations in this Lease. Lessee shall pay to Lessor a penalty of $500 for each day from the date that such rent is due through the date that Lessor receives such past due rent.
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Rent Obligation. In consideration of the right to use and occupy the Subleased Premises and other rights of Sublessee hereunder, Sublessee shall pay to Sublessor gross annual rent ("Rent") in the amount of Four and 00/100 Dollars ($4.00) per square foot of rentable area contained within the buildings constituting the Subleased Premises (i.e., as of the date of this Sublease, the aggregate annual Rent will equal One Million Nine Hundred Seventy-Seven Thousand Three Hundred Eight and 00/100 Dollars ($1,977,308.00) calculated as $4 multiplied by 494,327 square feet of rentable area contained within the Subleased Premises), subject to annual adjustments pursuant to and in accordance with this Section 3 below. Such Rent shall be paid to Sublessor in twelve (12) equal monthly installments of $164,775.67, subject to annual adjustment pursuant to and in accordance with this Section 3 below. Such monthly installments of Rent shall be payable in advance on the first day of each calendar month during the term of this Sublease. If the term of this Sublease commences on a day other than the first day of a calendar month or terminates on a day other than the last day of a calendar month, then the monthly installments of Rent accruing under any provision of this Sublease for such month or months shall be prorated, based on the actual number of days in such month. Sublessor and Sublessee hereby acknowledge and agree that, for all purposes under this Sublease, the Subleased Premises as of the date of this Sublease contains 494,327 square feet of rentable area.
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Related to Rent Obligation

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Client Obligations 3.1 The Client warrants and represents that: 3.1.1 it shall co-operate with Centaur as required for the proper performance of the Services; 3.1.2 it shall provide, for Centaur, its agents, subcontractors, consultants and employees, in a timely manner and at no charge, access to the Client's premises during normal office hours (being Monday – Friday 8am – 6pm), office accommodation, data and other facilities as is reasonably required by Centaur or any of them for the proper performance of the Services; 3.1.3 all information it has provided to Centaur in relation to the Services as at the date of the Order Form is accurate, complete and is not misleading and it shall provide, in a timely manner, such further information and Client Material as Centaur may require for the proper performance of the Services, and ensure that such information and Client Material is accurate, complete and not misleading; 3.1.4 it shall be responsible (at its own cost) for preparing and maintaining the relevant premises for the supply of the Services; 3.1.5 it shall inform Centaur of all health and safety rules and regulations and any other reasonable security requirements that apply at any of the Client's premises; 3.1.6 it shall only use the Services for internal business purposes and, without prejudice to the foregoing, shall not use the Services, the Deliverables or any Centaur Materials to develop a product or service that competes with any of the products or services provided by Centaur; 3.1.7 the Client Materials shall not infringe any third party rights, including any third party Intellectual Property Rights; and 3.1.8 it shall obtain and maintain all necessary licences and consents and comply with all relevant legislation in relation to the Services, before the date on which the Services are to start. 3.2 If Centaur's performance of its obligations under this Agreement is prevented or delayed by any act or omission of the Client, its agents, subcontractors, consultants or employees, Centaur shall not be liable for any costs, charges or losses sustained or incurred by the Client that arise directly or indirectly from such prevention or delay.

  • Tenant Obligations During the term of this Contract, Tenant will: a) Promptly pay, when due, any portion of the Contract Rent (or other fees due to the Owner under the Lease) not paid by the Rental Assistance Payment; and b) Comply with the Lease in all material respects; and c) Promptly notify the Program Administrator of (i) any intention to terminate the Lease and/or vacate the Unit or (ii) the presence of any physical deficiencies in the Unit that present an immediate danger to health and safety (e.g. electrical shorts, gas leaks, etc.) that have not been addressed by the Owner; and d) Pursuant to the Lease and the Contract, provide access to the Unit to the Program Administrator, PJ, HUD, or their authorized representatives for the purpose of conducting inspections; and e) Provide such information or documentation required by the Program Administrator, PJ, or HUD to determine compliance with this Contract, Program requirements, or other applicable federal laws and regulations; and f) Provide prompt notice to the Program Administrator of the anticipated receipt of other rental assistance from any other source whether public or private, including but not limited to the Section 8 Housing Choice Voucher Program.

  • Joint Obligation If there be more than one Tenant, the obligations hereunder imposed shall be joint and several.

  • Independent Obligation The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor or the Borrower and whether or not any other Guarantor or the Borrower is joined in any such action or actions.