Common use of Rent Payments to Lender Clause in Contracts

Rent Payments to Lender. If Lender sends written notice to Tenant to direct its Rent payments under the Lease to Lender instead of Landlord, then Tenant agrees to follow the instructions set forth in such written instructions and deliver Rent payments to Lender; however, Lender agrees that Tenant shall be credited under the Lease for any Rent payments sent to Lender pursuant to such written notice.

Appears in 4 contracts

Samples: Lease (TransMedics Group, Inc.), Lease (TransMedics Group, Inc.), Lease (Transmedics Inc)

AutoNDA by SimpleDocs

Rent Payments to Lender. If Lender sends written notice to Tenant to ----------------------- direct its Rent payments under the Lease to Lender instead of Landlord, then Tenant agrees to follow the instructions set forth in such written instructions and deliver Rent payments to Lender; however, Lender agrees that Tenant shall be credited under the Lease for any Rent payments sent to Lender pursuant to such written notice.

Appears in 1 contract

Samples: Agreement (Navisite Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.