RENTAL PAYABLE Sample Clauses

RENTAL PAYABLE. 4.1 The monthly rental is that recorded in clause 1.3 of the Schedule and shall be paid in advance on the first day of each and every month as stipulated in clause 1.4 of the Schedule without deduction or demand, in terms of clause 4.5 below. 4.2 After the expiry of the minimum period stipulated in clause 1.2 of the Schedule, the LANDLORD shall be entitled to increase the monthly rental payable by the TENANT by giving the TENANT one (1) calendar month’s written notice of such increase. Such notice shall be given so as to be delivered to the TENANT at the PREMISES before 16h00 of the last business day of the month but one prior to the month in which the increases or the increase is to be effective. 4.3 If, at any time during the currency of this lease, the sectional title levy/rates are increased, the LANDLORD shall be entitled to recover from the TENANT such increases with effect from the date upon which same became effective. 4.4 Payments of rentals received after the 1st day of the month in respect of which the rental is due, shall be subject to a surcharge of R 100,00 (ONE HUNDRED RANDS) and thereafter 32% (THIRTY TWO PERCENT) interest on arrears to cover collection fees and/or additional administration costs. The TENANT shall on demand pay such surcharge to the LANDLORD or the Estate Agent, acting on behalf of the LANDLORD. 4.5 The TENANT shall make payment by means of electronic funds transfer to the LANDLORD’s bank account which shall be furnished on the date of signature of this lease agreement, however, where the TENANT makes payment by cheque in respect of any rental and the TENANT’s cheque is for any reason thereafter not met on presentation, then entirely without prejudice to the LANDLORD’s rights, the TENANT hereby authorises the LANDLORD to deduct the payment forthwith from any deposits held in terms of clause 1.5 above. 4.6 All charges for the use and consumption of electricity and water shall be borne by the TENANT. 4.7 No liability shall rest upon the LANDLORD for any interruption or failure of the electrical and/or water services to the PREMISES irrespective of the cause thereof, or for any consequential damage or inconvenience the TENANT may suffer by reason of such failure or interruption.
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RENTAL PAYABLE. 9.1. It is recorded that no rental will be payable for the first six (06) months as from date of occupation or signature hereof until the date upon which the refurbishments and or development of the Leased Premises has been completed in terms of the Agreement after the Commencement Date of this Lease, whichever may occur first. 9.2. The obligation for rental shall commence on the first day of the month following the exempted rental period as indicated in clause 9.1 above and after completion of the aforesaid, maintenance, development and refurbishments, or on the first date following the month in which the 06 (six) month period referred to above expires. 9.3. The rental payable for the initial 06 (six) month period, shall be amount to 9.4. Thereafter, from the 13th (thirteenth) Month to the 24th (twenty fourth (month) the rental shall remain at the amount to R25 000.00 (Twenty-Five Thousand Rand) per month whereafter the rental shall escalate annually at the rate of 10% with effect from the 25th (twenty fifth (month). 9.5. The rent payable shall be paid by the Lessee monthly and by no later than the 7th day of the following calendar month; 9.6. All amounts payable by the Lessee in terms of this lease shall be paid free of deduction to any bank account to which the Lessor may in writing direct or in such other manner the Lessor may in writing direct.
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RENTAL PAYABLE 
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Related to RENTAL PAYABLE

  • Rental Payments Tenant shall pay Rent to Landlord for --------------- each month during the Lease Term as provided in this Lease. Rent shall be due and payable in advance on the first (1st) day of each month during the Lease Term. If the Commencement Date is a date other than the first (1st) day of a calendar month, the Rent for the portion of the calendar month in which the Commencement Date occurs shall be due and payable on the Commencement Date; and the Rent for such partial month shall be prorated based upon the number of days from the Commencement Date to the end of that calendar month. Rent for any partial month at the end of the Lease Term shall be prorated based upon the number of days from the beginning of that month to the end of the Lease Term. Rent shall be payable at the address for Landlord designated in the first (1st) paragraph of this Lease (or at such other address as may be designated by Landlord from time to time). Tenant shall pay all Rent under this Lease at the times and in the manner provided in this Lease, without abatement, notice, demand, counterclaim, or set-off except as otherwise provided for in this Lease.. Any charges or other sums payable by Tenant to Landlord under the terms of this Lease shall be considered as additional Rent. No payment by Tenant or receipt by Landlord of a lesser amount than the total amount of Rent then due shall be deemed to be other than on account of the earliest past due installment of Rent required to be paid under this Lease. No endorsement or statement on any check or in any letter accompanying any check or payment of Rent shall ever be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord's right to recover the balance of the Rent then due or to pursue any other remedy available under this Lease, at law, or in equity.

  • Rent Payments Xxxxxx agrees to pay rent to the Landlord during the term of this Lease in equal monthly installments of $975, which shall be paid on or before the first day of the month. Xxxxxx agrees that if rent is not paid in full on or before 1st day of the month, Tenant will pay a late charge of $97.50 as allowed by applicable Georgia law.The prorated rent from the commencement of this Lease to the first day of the following month is $975, which amount shall be paid at the execution of this Lease. Xxxxxx agrees that rent shall be paid in lawful money of the United States via the Xxxxx Residents App. Rent payments shall be made payable to and mailed or delivered to the following address: P.O. Box 17942 Atlanta, GA 30316. All notices from Tenant to Landlord under this Lease and applicable Georgia law shall be delivered to the above address. Xxxxxx agrees that rent will be deemed paid only once Landlord or Landlord’s agent receives the rent monies, either by mail or by delivery to the above address. If there are multiple Tenants signed to this Lease, all such Tenants are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. A judgment entered against one Tenant shall be no bar to an action against other Tenants.

  • Rent Payment Tenant shall pay the Base Rent for the Premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the Premises. Additional rent means amounts determined under Section 19 of this Lease and any other sums payable by Tenant to Landlord under this Lease. Rent not paid when due shall bear interest at the rate of one-and-one-half percent per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord’s rights hereunder.

  • Total Payment City shall pay for the services to be rendered by Consultant pursuant to this Agreement. City shall not pay any additional sum for any expense or cost whatsoever incurred by Consultant in rendering services pursuant to this Agreement. City shall make no payment for any extra, further, or additional service pursuant to this Agreement. In no event shall Consultant submit any invoice for an amount in excess of the maximum amount of compensation provided above either for a task or for the entire Agreement, unless the Agreement is modified prior to the submission of such an invoice by a properly executed change order or amendment. In the event that Consultant identifies additional work outside the scope of services specified in Exhibit A that may be required to complete the work required under this Agreement, Consultant shall immediately notify the City and shall provide a written not-to-exceed price for performing this additional work.

  • SUPPLEMENTAL PAYMENT LIMITATION Notwithstanding the foregoing: A. the total of the Supplemental Payments made pursuant to this Article shall not exceed for any calendar year of this Agreement an amount equal to the greater of One Hundred Dollars ($100.00) per student per year in average daily attendance, as defined by Section 48.005 of the TEXAS EDUCATION CODE, or Fifty Thousand Dollars ($50,000.00) per year times the number of years beginning with the first complete or partial year of the Qualifying Time Period identified in Section 2.3.C and ending with the year for which the Supplemental Payment is being calculated minus all Supplemental Payments previously made by the Application; B. Supplemental Payments may only be made during the period starting the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period. C. the limitation in Section 6.2.A does not apply to amounts described by Section 313.027(f)(1)–(2) of the TEXAS TAX CODE as implemented in Articles IV and V of this Agreement. D. For purposes of this Agreement, the calculation of the limit of the annual Supplemental Payment shall be the greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance as calculated pursuant to Section 48.005 of the TEXAS EDUCATION CODE, based upon the District’s Average Daily Attendance for the previous school year.

  • Supplemental Payments Applicant shall make annual Supplemental Payments in an amount equal to, but not to exceed, the limit of the annual Supplemental Payment as set out Section 6.2 below, starting with the first complete or partial year of the Qualifying Time Period and accruing on January 1 of each year thereafter, and continuing through the third year following the end of the Tax Limitation Period.

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