RENT PREPAYMENT Sample Clauses

RENT PREPAYMENT. As a condition precedent to entering into each Lease, Lessee shall have caused to be paid to Lessor, as a prepayment of Rent for the Equipment to be leased under such Lease, the sum of twenty (20)% of the Purchase Price or such other amount as provided in the Schedule.
Sample 1Sample 2
AutoNDA by SimpleDocs
RENT PREPAYMENT. 32.1 Simultaneous with the satisfaction of the condition subsequent set forth in Section 28.11, Tenant shall deposit with Landlord the sum of one month of estimated Base Rent plus one-twelfth of estimated Real Estate Taxes and Operating Expenses, which shall be applied to the first month's Base Rent and Additional Rent as same becomes due and payable. Prior to the application of said payment, in the event the Tenant defaults in its performance of any of the terms and conditions hereof, Xxxxxx hereby agrees that the rent prepayment shall be treated as a security deposit, and Landlord may use, apply, or retain said sum in accordance with Article 27.1. Landlord agreed to deposit the rent prepayment into a segregated interest-bearing account and Tenant, provided there is no default by Tenant, shall be entitled to the interest earned on such amounts where (i) the Lease is terminated prior to the Commencement Date and the prepayment is returned, or (ii) prepaid rent is applied to the first month's Base Rent and Additional Rent in accordance with the above. To the extent Landlord is taxed on the interest earned on such prepaid rent, then Landlord may deduct from any interest to be paid to Tenant the amount of tax required to be paid by Landlord.
Sample 1
RENT PREPAYMENT. Intentionally Omitted.
Sample 1
RENT PREPAYMENT. Intentionally Deleted
Sample 1
RENT PREPAYMENT. The Company shall have and is hereby granted the right to prepay or cause to be prepaid all or a portion of each Rent Payment at any time, and shall be obligated to do so in a timely manner if and to the extent the Company requests redemption or prepayment of the Bonds and the purchase of the Project pursuant to Article IX hereof. The Company shall be obligated to prepay or cause to be prepaid the Rent Payments then due and owing under the circumstances as provided by Article X hereof. Any such prepayment by the Company shall not relieve it of liability for each remaining Rent Payment with respect to the Outstanding Bonds except as provided in this Agreement and the Indenture. In the event the Company should fail to make any of the payments required in this Section 6.06 the amount so in default shall continue as an obligation of the Company until such amount in default shall have been fully paid.
Sample 1
RENT PREPAYMENT. Lessee shall pay Lessor the Down Payment, Basic Rental and Renewal Term Rental (collectively, the “Rental”) for the use of the Reader and the licensing of the Related Software, in the amounts and on the dates (“Rental Payment Dates”) specified in the Signature Page. So long as there is no Default or termination under this Agreement, the Down Payment shall be applied towards the final payments of the Initial Term. If any amount payable is not paid within five (5) business days after it is due, Lessee shall immediately pay Lessor a late charge equal to 5% of such amount. Lessee shall also pay Lessor interest on all overdue amounts at the rate of 18% per annum or the maximum amount allowed by law, whichever is less. The Down Payment, all Rental, late charges, and interest shall be payable automatically by a valid credit card as shown on the Signature Page, which credit card Lessee hereby authorizes Lessor to charge to receive Rental and all other amounts due and payable under this Agreement. Failure to maintain a valid, active credit card to make Rental payments shall constitute grounds for immediate termination of the Agreement.
Sample 1

Related to RENT PREPAYMENT

  • Payment Prepayment All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty.

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 11:00 a.m., New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $3,000,000.

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Prepayment Prepayment of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of such Notes, together with accrued and unpaid interest on such Notes accrued to the date of prepayment but without any Make-Whole Amount. The prepayment shall be made on the Change in Control Proposed Prepayment Date, except as provided by Section 8.7(f).

  • Prepayment Premiums As of the applicable date of origination of each such Mortgage Loan, any prepayment premiums and yield maintenance charges payable under the terms of the Mortgage Loans, in respect of voluntary prepayments, constituted customary prepayment premiums and yield maintenance charges for commercial mortgage loans.

  • Partial Prepayments Each partial prepayment of the Loans under §3.3 shall be in a minimum Dollar Equivalent amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrowers, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans).

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Prepayment Premium Borrower will be required to pay a prepayment premium in connection with certain prepayments of the Indebtedness, including a payment made after Lender’s exercise of any right of acceleration of the Indebtedness, as provided in the Note.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Notice of Optional Prepayment The Company shall give the holder of each Note of a Series to be prepaid pursuant to paragraph 4C irrevocable written notice of such prepayment not less than 10 Business Days prior to the prepayment date, specifying such prepayment date, the aggregate principal amount of the Notes of such Series to be prepaid on such date, the principal amount of the Notes of such Series held by such holder to be prepaid on that date and that such prepayment is to be made pursuant to paragraph 4C. Notice of prepayment having been given as aforesaid, the principal amount of the Notes specified in such notice, together with interest thereon to the prepayment date and together with the Yield-Maintenance Amount, if any, herein provided, shall become due and payable on such prepayment date. The Company shall, on or before the day on which it gives written notice of any prepayment pursuant to paragraph 4C, give telephonic notice of the principal amount of the Notes to be prepaid and the prepayment date to each Significant Holder which shall have designated a recipient for such notices in the Purchaser Schedule attached hereto or the applicable Confirmation of Acceptance or by notice in writing to the Company.

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