Common use of Rent Pending Determination of Fair Market Rental Rate Clause in Contracts

Rent Pending Determination of Fair Market Rental Rate. In the event that the determination of Fair Market Rental Rate has not been concluded prior to commencement of the applicable rental period for the applicable space for which the Fair Market Rental Rate is being determined, Tenant shall pay Landlord Monthly Base Rent and Rent Adjustment Deposits as would apply under Landlord’s Estimate pursuant to Section 2 of this Exhibit until the Fair Market Rental Rate is determined. In the event that the Fair Market Rental Rate subsequently determined is different from the amount paid for the applicable period, then within thirty (30) days after such determination, Tenant shall pay Landlord any greater amounts due and Landlord shall credit Tenant (against the next Monthly Base Rent installments due) for any reduction in the amounts due. EXHIBIT E FORM OF LETTER OF CREDIT FOR INTERNAL IDENTIFICATION PURPOSES ONLY Our No.__________ Other __________ Applicant _____________________ TO: Metropolitan Life Insurance Company [Address] Attention: Director, EIM IRREVOCABLE LETTER OF CREDIT NO. __________ We hereby establish this irrevocable Letter of Credit in favor of the aforesaid addressee (“Beneficiary”) for drawings up to United States $__________ effective immediately. This Letter of Credit is issued, presentable and payable at our office at [issuing bank’s address in City specified by Landlord] and expires with our close of business on ___, 20__. The term “Beneficiary” includes any successor by operation of law of the named Beneficiary including, without limitation, any liquidator, rehabilitator, receiver or conservator. We hereby undertake to promptly honor your sight draft(s) drawn on us, indicating our Credit No. ____, for all or any part of this Credit if presented at our office specified in paragraph one on or before the expiry date or any automatically extended expiry date. Except as expressly stated herein, this undertaking is not subject to any agreement, condition or qualification. The obligation of [issuing bank] under this Letter of Credit is the individual obligation of [issuing bank], and is in no way contingent upon reimbursement with respect thereto. It is a condition of this Letter of Credit that it is deemed to be automatically extended without amendment for one year from the expiry date hereof, or any future expiration date, unless at least thirty (30) days prior to an expiration date we notify you by registered mail that we elect not to consider this Letter of Credit renewed for any such additional period. This Letter of Credit is transferable by the Beneficiary and by any successive transferees at no charge or cost to Beneficiary or any transferee. Transfers of this Letter of Credit are subject to receipt of Beneficiary’s (and subsequently, transferee’s) instructions in the form attached hereto as Schedule 1 accompanied by the original Letter of Credit and amendments(s) if any. This Letter of Credit is subject to and governed by the Laws of the State of New York and the 2007 revision of the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce (Publication 600) and, in the event of any conflict, the Laws of the State of New York will control. If this Credit expires during an interruption of business as described in article 36 of said Publication 600, the bank hereby specifically agrees to effect payment if this Credit is drawn against within thirty (30) days after the resumption of business. Very truly yours, [issuing bank] Schedule 1 to Letter of Credit [Bank – then current issuer of Letter of Credit] c/o _________________________________ Attention: ___________________________ ____________________________________ ____________________________________ Re: Irrevocable Letter of Credit No. __________ Ladies & Gentlemen: The undersigned acknowledges receipt of your advice No. of a credit issued in our favor, the terms of which are satisfactory. We now irrevocably transfer the said credit and all amendments and extensions thereof, if any, to: ______________________________ ______________________________ [Address] You are to inform the transferee of this transfer and such transferee shall have sole rights as beneficiary under the credit, including any amendments, extension or increases thereof, without notice to or further assent from us. This transfer is at no charge or cost to Beneficiary or the transferee. Very truly yours, Beneficiary By: Acknowledged and agreed by Bank [then current issuer of Letter of Credit]: (Bank - then current issuer of Letter of Credit EXHIBIT F PERMITTED HAZARDOUS MATERIAL Permitted Hazardous Material shall mean the substances listed below in the quantity limits specified below. RIDER 1

Appears in 2 contracts

Samples: Workletter Agreement (Guardant Health, Inc.), Workletter Agreement (Guardant Health, Inc.)

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Rent Pending Determination of Fair Market Rental Rate. In the event that the determination of Fair Market Rental Rate has not been concluded prior to commencement of the applicable rental period for the applicable space for which the Fair Market Rental Rate is being determined, Tenant shall pay Landlord Monthly Base Rent and Rent Adjustment Deposits as would apply under Landlord’s Estimate pursuant to Section 2 of this Exhibit until the Fair Market Rental Rate is determined. In the event that the Fair Market Rental Rate subsequently determined is different from the amount paid for the applicable period, then within thirty (30) days after such determination, Tenant shall pay Landlord any greater amounts due and Landlord shall credit Tenant (against the next Monthly Base Rent installments due) for any reduction in the amounts due. EXHIBIT E G FORM OF LETTER OF CREDIT SPECIMEN LANGUAGE ONLY EXHIBIT A COMERICA BANK HAS PREPARED THIS SPECIMEN UPON THE REQUEST AND BASED ON THE INFORMATION PROVIDED. NO REPRESENTATION AS TO THE ACCURACY OR WILLINGNESS FOR INTERNAL IDENTIFICATION PURPOSES ONLY Our No.__________ Other __________ Applicant _____________________ TOCOMMITMENT IS MADE BY COMERICA BANK TO ISSUE THIS LETTER OF CREDIT IN THIS OR ANY OTHER FORM. WHEN SIGNED, THIS EXHIBIT A WILL BECOME AN INTEGRAL PART OF THE CORRESPONDING STANDBY LETTER OF CREDIT APPLICATION AND AGREEMENT. APPROVED BY: Accolade, Inc. APPLICANT’S SIGNATURE DATE Beneficiary: Applicant: 1201 TAB Owner, LLC Accolade, Inc. c/o Metropolitan Life Insurance Company [Address] Attention(insert complete address) 000 Xxxxxx Xxxxxx, Xxxxx 0000 Xxx Xxxxxxxxx, XX 00000 Specimen Date: DirectorDate and Place of Expiry: April 29, EIM IRREVOCABLE LETTER OF CREDIT NO. __________ We hereby establish this irrevocable Letter 2019 (date required) office of Credit in favor of the aforesaid addressee (“Beneficiary”) for drawings up to United States $__________ effective immediately. This Letter of Credit is issued, presentable and payable at our office at [issuing bank’s address in City specified by Landlord] and expires with our close of business on ___, 20__. The term “Beneficiary” includes any successor by operation of law of the named Beneficiary including, without limitation, any liquidator, rehabilitator, receiver or conservator. We hereby undertake to promptly honor your sight draft(s) drawn on us, indicating our Credit No. ____, for all or any part of this Credit if presented at our office specified in paragraph one on or before the expiry date Issuing Bank or any automatically extended expiry date, as herein defined. Except as expressly stated herein, this undertaking is not subject to any agreement, condition or qualification. The obligation of [issuing bank] under this Amount: USD ( amount in words ) We hereby open our Irrevocable Standby Letter of Credit is the individual obligation no. <<Instrument ID>> in your favor, for account of [issuing bank]Accolade, and is Inc., for a sum not exceeding USD ( amount in no way contingent upon reimbursement with respect thereto. It is a condition of this Letter of Credit that it is deemed to be automatically extended without amendment for one year from the expiry date hereof, or any future expiration date, unless words ) available by your draft(s) at least thirty (30) days prior to an expiration date we notify you by registered mail that we elect not to consider this Letter of Credit renewed for any such additional period. This Letter of Credit is transferable by the Beneficiary and by any successive transferees at no charge or cost to Beneficiary or any transferee. Transfers of this Letter of Credit are subject to receipt of Beneficiary’s (and subsequently, transferee’s) instructions in the form attached hereto as Schedule 1 sight on Comerica Bank when accompanied by the original Letter of Credit and amendments(s) if any. This Letter of Credit is subject to and governed by the Laws of the State of New York and the 2007 revision of the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce (Publication 600) and, in the event of any conflict, the Laws of the State of New York will control. If this Credit expires during an interruption of business as described in article 36 of said Publication 600, the bank hereby specifically agrees to effect payment if this Credit is drawn against within thirty (30) days after the resumption of business. Very truly yours, [issuing bank] Schedule 1 to Letter of Credit [Bank – then current issuer of Letter of Credit] c/o _________________________________ Attention: ___________________________ ____________________________________ ____________________________________ Re: Irrevocable Letter of Credit No. __________ Ladies & Gentlemen: The undersigned acknowledges receipt of your advice No. of a credit issued in our favor, the terms of which are satisfactory. We now irrevocably transfer the said credit and all amendments and extensions thereof, if any, to: ______________________________ ______________________________ [Address] You are to inform the transferee of this transfer and such transferee shall have sole rights as beneficiary under the credit, including any amendments, extension or increases thereof, without notice to or further assent from us. This transfer is at no charge or cost to Beneficiary or the transferee. Very truly yours, Beneficiary By: Acknowledged and agreed by Bank [then current issuer of Letter of Credit]: (Bank - then current issuer of Letter of Credit EXHIBIT F PERMITTED HAZARDOUS MATERIAL Permitted Hazardous Material shall mean the substances listed below in the quantity limits specified below. RIDER 1:following documents:

Appears in 2 contracts

Samples: Workletter Agreement (Accolade, Inc.), Workletter Agreement (Accolade, Inc.)

Rent Pending Determination of Fair Market Rental Rate. In the event that the determination of Fair Market Rental Rate has not been concluded prior to commencement of the applicable rental period for the applicable space for which the Fair Market Rental Rate is being determined, Tenant shall pay Landlord Monthly Base Rent and Rent Adjustment Deposits as would apply under Landlord’s Estimate pursuant to Section 2 of this Exhibit until the Fair Market Rental Rate is determined. In the event that the Fair Market Rental Rate subsequently determined is different from the amount paid for the applicable period, then within thirty (30) days after such determination, Tenant shall pay Landlord any greater amounts due and Landlord shall credit Tenant (against the next Monthly Base Rent installments due) for any reduction in the amounts due. EXHIBIT E TRANSACTIONAL COSTS EXHIBIT F FORM OF LETTER OF CREDIT FOR INTERNAL IDENTIFICATION PURPOSES ONLY Our No.. _______________ Other _______________ Applicant __________________________________ TO: Metropolitan Life Insurance Company 425 MKT REIT, LLC c/o Metlife Real Estate [Address] Attention: Director, EIM IRREVOCABLE LETTER OF CREDIT NO. _______________ We hereby establish this irrevocable Letter of Credit in favor of the aforesaid addressee (“Beneficiary”) for drawings up to United States $__________ $ effective immediately. This Letter of Credit is issued, presentable and payable at our office at [issuing bank’s address in City specified by Landlord] and expires with our close of business on _______________, 20__. The term “Beneficiary” includes any successor by operation of law of the named Beneficiary including, without limitation, any liquidator, rehabilitator, receiver or conservator. We hereby undertake to promptly honor your sight draft(s) drawn on us, indicating our Credit No. ______________, for all or any part of this Credit if presented at our office specified in paragraph one on or before the expiry date or any automatically extended expiry date. Except as expressly stated herein, this undertaking is not subject to any agreement, condition or qualification. The obligation of [issuing bank] under this Letter of Credit is the individual obligation of [issuing bank], and is in no way contingent upon reimbursement with respect thereto. It is a condition of this Letter of Credit that it is deemed to be automatically extended without amendment for one (1) year from the expiry date hereof, or any future expiration date, unless at least thirty (30) days prior to an expiration date we notify you by registered mail that we elect not to consider this Letter of Credit renewed for any such additional period. This Letter of Credit is transferable by the Beneficiary and by any successive transferees at no charge or cost to Beneficiary or any transferee. Transfers of this Letter of Credit are subject to receipt of Beneficiary’s (and subsequently, transferee’s) instructions in the form attached hereto as Schedule 1 accompanied by the original Letter of Credit and amendments(s) if any. This Letter of Credit is subject to and governed by the Laws of the State of New York and the 2007 revision of the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce (Publication 600) and, in the event of any conflict, the Laws of the State of New York will control. If this Credit expires during an interruption of business as described in article 36 of said Publication 600, the bank hereby specifically agrees to effect payment if this Credit is drawn against within thirty (30) days after the resumption of business. Very truly yours, [issuing bank] Schedule 1 to Letter of Credit [Bank then current issuer of Letter of Credit] c/o _________________________________ Attention: ___________________________ ____________________________________ ____________________________________ Re: Irrevocable Letter of Credit No. _______________ Ladies & Gentlemen: The undersigned acknowledges receipt of your advice No. _______________ of a credit issued in our favor, the terms of which are satisfactory. We now irrevocably transfer the said credit and all amendments and extensions thereof, if any, to: ______________________________ ______________________________ [Name of Transferee] [Address] You are to inform the transferee of this transfer and such transferee shall have sole rights as beneficiary under the credit, including any amendments, extension or increases thereof, without notice to or further assent from us. This transfer is at no charge or cost to Beneficiary or the transferee. Very truly yours, Beneficiary By: Acknowledged and agreed by Bank [then current issuer of Letter of Credit]: (Bank - then current issuer of Letter of Credit EXHIBIT F PERMITTED HAZARDOUS MATERIAL Permitted Hazardous Material shall mean Credit) COMMENCEMENT DATE AGREEMENT 425 MKT REIT, LLC (“Landlord”), and METROMILE, INC., a Delaware corporation (“Tenant”), have entered into a certain Office Lease dated as of _______________, 2019 (the substances listed below in the quantity limits specified below. RIDER 1“Lease”).

Appears in 1 contract

Samples: Workletter Agreement (INSU Acquisition Corp. II)

Rent Pending Determination of Fair Market Rental Rate. In the event that the determination of Fair Market Rental Rate has not been concluded prior to commencement of the applicable rental period for the applicable space for which the Fair Market Rental Rate is being determined, Tenant shall pay Landlord Monthly Base Rent and Rent Adjustment Deposits as would apply under Landlord’s Estimate pursuant to Section 2 of this Exhibit until the Fair Market Rental Rate is determined. In the event that the Fair Market Rental Rate subsequently determined is different from the amount paid for the applicable period, then within thirty (30) days after such determination, Tenant shall pay Landlord any greater amounts due and Landlord shall credit Tenant (against the next Monthly Base Rent installments due) for any reduction in the amounts due. jka v14-Continental_Grand-Learning_Tree-Lease EXHIBIT E OFFER SPACE jka v14-Continental_Grand-Learning_Tree-Lease EXHIBIT F SIGNAGE Continental Grand Plaza II Highridge Partners XX Xxxxxx Learning Tree Sierra Systems Group Xxxxxxx Furniture Regus Business Centre jka v14-Continental_Grand-Learning_Tree-Lease EXHIBIT G FORM OF LETTER OF CREDIT FOR INTERNAL IDENTIFICATION PURPOSES ONLY Our No.__________ Other __________ Applicant _____________________ SUBORDINATION, NONDISTURBANCE & ATTORNMENT AGREEMENT RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: Metropolitan Life Insurance Company [, Esq SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT NOTICE: THIS SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT RESULTS IN YOUR LEASEHOLD ESTATE IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. DEFINED TERMS Execution Date: Beneficiary & Address] Attention: Director, EIM IRREVOCABLE LETTER OF CREDIT NO. __________ We hereby establish this irrevocable Letter of Credit in favor of the aforesaid addressee (“Beneficiary”) for drawings up to United States $__________ effective immediately. This Letter of Credit is issued, presentable and payable at our office at [issuing bank’s address in City specified by Landlord] and expires Attn: with our close of business on ___, 20__. The term “Beneficiary” includes any successor by operation of law of the named Beneficiary including, without limitation, any liquidator, rehabilitator, receiver or conservator. We hereby undertake to promptly honor your sight draft(s) drawn on us, indicating our Credit No. ____, for all or any part of this Credit if presented at our office specified in paragraph one on or before the expiry date or any automatically extended expiry date. Except as expressly stated herein, this undertaking is not subject to any agreement, condition or qualification. The obligation of [issuing bank] under this Letter of Credit is the individual obligation of [issuing bank], and is in no way contingent upon reimbursement with respect thereto. It is a condition of this Letter of Credit that it is deemed to be automatically extended without amendment for one year from the expiry date hereof, or any future expiration date, unless at least thirty (30) days prior to an expiration date we notify you by registered mail that we elect not to consider this Letter of Credit renewed for any such additional period. This Letter of Credit is transferable by the Beneficiary and by any successive transferees at no charge or cost to Beneficiary or any transferee. Transfers of this Letter of Credit are subject to receipt of Beneficiary’s (and subsequently, transferee’s) instructions copy to: Tenant & Address: Landlord & Address: Loan: A first mortgage loan in the form attached hereto as Schedule 1 accompanied by the original Letter principal amount of Credit and amendments(s) if any. This Letter of Credit is subject $ from Beneficiary to and governed by the Laws of the State of New York and the 2007 revision of the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce (Publication 600) and, in the event of any conflict, the Laws of the State of New York will control. If this Credit expires during an interruption of business as described in article 36 of said Publication 600, the bank hereby specifically agrees to effect payment if this Credit is drawn against within thirty (30) days after the resumption of business. Very truly yours, [issuing bank] Schedule 1 to Letter of Credit [Bank – then current issuer of Letter of Credit] c/o _________________________________ Attention: ___________________________ ____________________________________ ____________________________________ Re: Irrevocable Letter of Credit No. __________ Ladies & Gentlemen: The undersigned acknowledges receipt of your advice No. of a credit issued in our favor, the terms of which are satisfactory. We now irrevocably transfer the said credit and all amendments and extensions thereof, if any, to: ______________________________ ______________________________ [Address] You are to inform the transferee of this transfer and such transferee shall have sole rights as beneficiary under the credit, including any amendments, extension or increases thereof, without notice to or further assent from us. This transfer is at no charge or cost to Beneficiary or the transferee. Very truly yours, Beneficiary By: Acknowledged and agreed by Bank [then current issuer of Letter of Credit]: (Bank - then current issuer of Letter of Credit EXHIBIT F PERMITTED HAZARDOUS MATERIAL Permitted Hazardous Material shall mean the substances listed below in the quantity limits specified below. RIDER 1Landlord.

Appears in 1 contract

Samples: Workletter Agreement (Learning Tree International Inc)

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Rent Pending Determination of Fair Market Rental Rate. In the event that the determination of Fair Market Rental Rate has not been concluded prior to commencement of the applicable rental period for the applicable space for which the Fair Market Rental Rate is being determined, Tenant shall pay Landlord Monthly Base Rent and Rent Adjustment Deposits as would apply under Landlord’s Estimate pursuant to Section 2 of this Exhibit until the Fair Market Rental Rate is determined. In the event that the Fair Market Rental Rate subsequently determined is different from the amount paid for the applicable period, then within thirty (30) days after such determination, Tenant shall pay Landlord any greater amounts due and Landlord shall credit Tenant (against the next Monthly Base Rent installments due) for any reduction in the amounts due. ​ ​ ​ ​ EXHIBIT E TRANSACTIONAL COSTS ​ ​ ​ EXHIBIT F ​ FORM OF LETTER OF CREDIT ​ ​ FOR INTERNAL IDENTIFICATION PURPOSES ONLY ​ ​ ​ Our No.. _______________ Other _______________ ​ ​ ​ Applicant __________________________________ TO: Metropolitan Life Insurance Company 425 MKT REIT, LLC ​ c/o Metlife Real Estate ​ [Address] Attention: Director, EIM IRREVOCABLE LETTER OF CREDIT NO. _______________ We hereby establish this irrevocable Letter of Credit in favor of the aforesaid addressee (“Beneficiary”) for drawings up to United States $__________ $ effective immediately. This Letter of Credit is issued, presentable and payable at our office at [issuing bank’s address in City specified by Landlord] and expires with our close of business on _______________, 20__. The term “Beneficiary” includes any successor by operation of law of the named Beneficiary including, without limitation, any liquidator, rehabilitator, receiver or conservator. We hereby undertake to promptly honor your sight draft(s) drawn on us, indicating our Credit No. ______________, for all or any part of this Credit if presented at our office specified in paragraph one on or before the expiry date or any automatically extended expiry date. Except as expressly stated herein, this undertaking is not subject to any agreement, condition or qualification. The obligation of [issuing bank] under this Letter of Credit is the individual obligation of [issuing bank], and is in no way contingent upon reimbursement with respect thereto. It is a condition of this Letter of Credit that it is deemed to be automatically extended without amendment for one year from the expiry date hereof, or any future expiration date, unless at least thirty (30) days prior to an expiration date we notify you by registered mail that we elect not to consider this Letter of Credit renewed for any such additional period. This Letter of Credit is transferable by the Beneficiary and by any successive transferees at no charge or cost to Beneficiary or any transferee. Transfers of this Letter of Credit are subject to receipt of Beneficiary’s (and subsequently, transferee’s) instructions in the form attached hereto as Schedule 1 accompanied by the original Letter of Credit and amendments(s) if any. This Letter of Credit is subject to and governed by the Laws of the State of New York and the 2007 revision of the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce (Publication 600) and, in the event of any conflict, the Laws of the State of New York will control. If this Credit expires during an interruption of business as described in article 36 of said Publication 600, the bank hereby specifically agrees to effect payment if this Credit is drawn against within thirty (30) days after the resumption of business. Very truly yours, [issuing bank] Schedule 1 to Letter of Credit [Bank – then current issuer of Letter of Credit] c/o _________________________________ Attention: ___________________________ ____________________________________ ____________________________________ Re: Irrevocable Letter of Credit No. __________ Ladies & Gentlemen: The undersigned acknowledges receipt of your advice No. of a credit issued in our favor, the terms of which are satisfactory. We now irrevocably transfer the said credit and all amendments and extensions thereof, if any, to: ______________________________ ______________________________ [Address] You are to inform the transferee of this transfer and such transferee shall have sole rights as beneficiary under the credit, including any amendments, extension or increases thereof, without notice to or further assent from us. This transfer is at no charge or cost to Beneficiary or the transferee. Very truly yours, Beneficiary By: Acknowledged and agreed by Bank [then current issuer of Letter of Credit]: (Bank - then current issuer of Letter of Credit EXHIBIT F PERMITTED HAZARDOUS MATERIAL Permitted Hazardous Material shall mean the substances listed below in the quantity limits specified below. RIDER 1.

Appears in 1 contract

Samples: Workletter Agreement (Lemonade, Inc.)

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