Common use of Rent Payable By Lender Clause in Contracts

Rent Payable By Lender. If the rent payable from the Borrower to the Owner has not been paid for a period during which Lender is in actual physical possession of the Premises pursuant to Paragraph 3 above, then Owner may condition Lender's right to take or keep possession of the Premises upon Lender agreeing, in writing, to pay such rent which was payable by Owner (prorated on a daily basis) for the actual number of days Lender is in physical possession of the Premises, up to 90 days (or such longer period as may be agreed to in writing between Owner and Lender). In the event Lender is only in possession of a portion of the Premises, the rent payable by Lender shall be prorated based on the proportion that the portion of the Premises occupied by the Lender bears to the total Premises. No agreement by Lender to pay such rent shall be bindin- on Lender unless set forth in a written agreement signed by Lender.

Rent Payable By Lender. If the rent payable from the Borrower to the Owner has not been paid for a period during which Lender is in actual physical possession of the Premises pursuant to Paragraph 3 above, then Owner may condition Lender's right to take or keep possession of the Premises upon Lender agreeing, in writing, to pay such rent which was payable by Owner (prorated on a daily basis) for the actual number of days Lender is in physical possession of the Premises, up to 90 days (or such longer period as may be agreed to in writing between Owner and Lender). In the event Lender is only in possession of a portion of the Premises, the rent payable by Lender shall be prorated based on the proportion that the portion of the Premises occupied by the Lender bears to the total Premises. No agreement by Lender to pay such rent shall be bindin- binding on Lender unless set forth in a written agreement signed by Lender.

Rent Payable By Lender. If the rent payable from the Borrower to the Owner has not been paid for a period during which Lender is in actual physical possession of the Premises pursuant to Paragraph 3 above, then Owner may condition Lender's right to take or keep possession of the Premises upon Lender agreeing, in writing, to pay such rent which was payable by Owner (prorated on a daily basis) for the actual number of days Lender is in physical possession of the Premises, up to 90 days (or such longer period as may be agreed to in writing between Owner and Lender). In the event Lender is only in possession of a portion of the Premises, the rent payable by Lender shall be prorated based on the proportion that the portion of the Premises occupied by the Lender bears to the total Premises. No agreement by Lender to pay such rent shall be bindin- binding- on Lender unless set forth in a written agreement signed by Lender.

Rent Payable By Lender. If the rent payable from the Borrower to the Owner has not been paid for a period during which Lender is in actual physical possession of the Premises pursuant to Paragraph 3 above, then Owner may condition Lender's right to take or keep possession of the Premises upon Lender agreeing, in writing, to pay such rent rent. which was payable by Owner (prorated on a daily basis) for the actual number of days Lender is in physical possession of the Premises, up to 90 days (or such longer period as may be agreed to in writing between Owner and Lender). In the event Lender is only in possession of a portion of the Premises, the rent payable by Lender shall be prorated based on the proportion that the portion of the Premises occupied by the Lender bears to the total Premises. No agreement by Lender to pay such rent shall be bindin- binding on Lender unless set forth in a written agreement signed by Lender.