Rental Discount Fee Sample Clauses

Rental Discount Fee. Buyer will pay in addition to the Purchase Price as set forth in Section 1.2 A above, the sum of ONE MILLION SEVEN HUNDRED AND FIFTY THOUSAND AND 00/100 DOLLARS ($1,750,000.00) to Sellers as a Rental Discount Fee for the following six (6) Restaurant Units (i) Indianapolis (Southport); (ii) Fishers, IN; (iii) Terre Haute, IN; (iv) Evansville, IN; (v) Sterling Heights, MI; and (vi) Newark, DE, upon Sellers and/or PRG presenting written documentation from Outback Steakhouse, Inc. (“OSI”) as the Landlord/Lessor confirming that: (a) the rent for each such Restaurant Unit will be reduced by fifty percent (50%) from the existing rental rate set forth in the respective Lease concerning such respective Restaurant Unit, as shown on Exhibit A, attached hereto and incorporated herein; (b) such respective Lease is extended for a period fifteen (15) years from and after the date of the Closing; and (c) Buyer or its assigns is granted a purchase option exercisable at the tenth (10th) anniversary of the date of Closing, and then at the expiration of the fifteen (15) year lease terms, to purchase all of the six (6) Restaurant Unit Properties based upon the fair market value (“FMV”) of the land only as determined by an appraisal process being one independent, qualified appraiser. If Buyer and OSI agree on a single independent appraiser, such appraiser’s determination shall be binding. If Buyer and OSI are unable to agree on a single appraiser, each shall appoint one appraiser. The appraisers so appointed shall mutually appoint a third appraiser and the average of the three appraisers shall be binding. Notwithstanding the appraisal process, Buyer shall be under no obligation to exercise the option and/or to purchase all of the six (6)
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Related to Rental Discount Fee

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Prepayment Fees Borrower agrees to pay to each New Term Loan Lender the following prepayment fees, if any: [ ].

  • Rental Fee Is for one day only from 8:00 am to 12:00 midnight. Groups or Individuals requiring more than one day for their event will be charged a rental fee for each day required – no exceptions.

  • BID; INITIAL PAYMENT The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(26,800,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

  • Additional Discounts? Do you offer additional discounts to TIPS members for large order quantities or large scope of work? Yes Years in business as proposing company? Does the vendor have resellers that it will name under this contract? Resellers are defined as other companies that sell your products under an agreement with you, the awarded vendor of TIPS. EXAMPLE: BIGmart is a reseller of ACME brand televisions. If ACME were a TIPS awarded vendor, then ACME would list BIGmart as a reseller. (If applicable, Vendor should add all Authorized Resellers within the TIPS Vendor Portal upon award). No

  • Up-Front Fee The Borrowers shall pay to the Agent an up-front fee in the amount and at the times agreed in a Fee Letter.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.

  • Upfront Fee The Borrower shall pay to the Agent (for the account of each Original Lender) an upfront fee in the amount and at the times agreed in a Fee Letter.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • PAYMENT TERMS/DISCOUNTS The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act. Cash discounts for prompt payment shall not be considered in determining the lowest net cost for bid evaluation purposes.

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