Rentals. Prior to the discovery of commercial quantities of the said mineral or minerals in the lands herein leased, to pay to the lessor in advance, beginning with the effective date hereof, an annual rental of one dollar ($1.00) per acre, or fraction thereof, prior to the discovery of metallic and non-metallic rocks and minerals for the first five (5) years of lease. Two dollars ($2.00) per acre, or fraction thereof for the sixth to tenth (6-10) years, or any renewal thereof, provided however, that if the said lands are not on a commercial mining basis and so operated at the end of two (2) years from the date hereof, such annual rental may be increased at the option of the lessor to such an amount as the lessor may decide to be fair and equitable. After the discovery of commercial quantities of said mineral or minerals on lands herein leased, to pay to the lessor in advance, beginning with the first day of the lease year succeeding the lease year in which commercial discovery was made, an annual rental of two dollars ($2.00) per acre or fraction thereof unless changed by agreement, such rental so paid for any one year to be credited on the royalty for that year. Lessor shall have no obligation hereunder to give lessee advance notice of any rental payment. Annual rentals on all leases shall be payable in advance for the first year and each year thereafter. No notice of rental due shall be sent to the lessee. If the rental is not received in this office on or before the date it becomes due, Notice of Default will be sent to the lessee and a penalty of $.50 per acre or fraction thereof, for late payment will be assessed. The lessee is not legally obligated to pay either the rental or the penalty, but if the rental and penalty are not received in this office within thirty (30) days after the Notice of Default has been received by the lessee, the lease will terminate automatically by operation of law. Termination of the lease shall not relieve the lessee of any obligation incurred under the lease other than the obligation to pay rental or penalty. The lessee shall not be entitled to a credit on royalty due for any penalty paid for late payment of rental on an operation lease.
Rentals. The Agent will offer for rent and will rent the dwelling units and commercial space, if any, in the Project. Incident thereto, the following provisions will apply:
a. The Agent will show the Project to prospective tenants;
b. The Agent will take and process applications for rentals. If an application is rejected, the applicant will be told the reason for rejection, and will be given the rejected application, with reason for rejection noted. A current list of prospective tenants will be maintained;
c. The Agent will prepare all dwelling leases and, unless otherwise directed by the Owner, will execute the same in its name, identifying itself thereon as agent for the Owner. Dwelling leases will be in a form approved by the Owner;
d. The Owner will furnish the Agent with rent schedules, showing contract rents for dwelling units, and other charges for facilities and services. The Agent will periodically review such rent schedules and make recommendations to the Owner with respect to changes thereto;
e. The Agent will collect, deposit, and disburse security deposits, if required, in accordance with the terms of each tenant's lease;
f. The Agent will negotiate and prepare commercial leases and concession agreements, if the Project shall now or hereafter contain any commercial space, and will execute the same in its name, identified thereon as agent for the Owner, subject to the Owner's prior approval of all terms and conditions; and
g. The Agent will perform periodic market surveys with respect to the market area in which the Project is located.
Rentals. (a) The lessee shall pay annual rental to the state in accordance with the following rental schedule:
(1) For the first year, $1.00 per acre or fraction of an acre;
(2) For the second year, $1.50 per acre or fraction of an acre;
(3) For the third year, $2.00 per acre or fraction of an acre;
(4) For the fourth year, $2.50 per acre or fraction of an acre;
(5) For the fifth year and following years, $3.00 per acre or fraction of an acre; provided that the state may increase the annual rental rate as provided by law upon extension of this lease beyond the primary term.
(b) Annual rental paid in advance is a credit on the royalty or net profit share due under this lease for that year.
(c) The lessee shall pay the annual rental to the State of Alaska (or any depository designated by the state with at least 60 days notice to the lessee) in advance, on or before the annual anniversary date of this lease. The state is not required to give notice that rentals are due by billing the lessee. If the state's (or depository's) office is not open for business on the annual anniversary date of this lease, the time for payment is extended to include the next day on which that office is open for business. If the annual rental is not paid timely, this lease automatically terminates as to both parties at 11:59 p.m., Alaska Standard Time, on the date by which the rental payment was to have been made.
Rentals. Fees, rentals and other similar charges required to be paid for acquiring, recording and maintaining permits, mineral claims and mining leases and rentals and royalties which are paid as a consequence of the Mining Operations.
Rentals. Manager shall offer for rent and shall use its best efforts to rent the Units in accordance with the Leasing Guidelines attached as Exhibit C and in accordance with the Asset Management Plan (attached as Exhibit B hereto, as the same may be amended, restated or appended from time to time by mutual agreement of the parties, and all the terms and conditions of which are incorporated herein). Pursuant to its rental responsibilities, Manager shall:
(a) show Units for rent in the Project to all prospective tenants;
(b) take and process applications for rentals, including prospective tenant interviews and credit checks. If an application is rejected, the applicant shall be advised of the reason for rejection;
(c) comply with the leasing and other requirements contained in (i) Section 42 of the Internal Revenue Code (the “Code”) with respect to the Units eligible for the low-income housing tax credit, and (ii) the XXXX;
(d) comply with the Leasing Guidelines attached hereto as Exhibit C and by this reference made a part hereof, and use with respect to each lease (i) the form of lease previously approved by [NAME], (ii) the form of Maintenance Contract attached hereto as Exhibit E and by this reference made a part hereof (the “Maintenance Contract”) and (iii) the form of Participation Contract attached hereto as Exhibit F and by this reference made a part hereof (the “Participation Contract”);
(e) be responsible for or assist Owner in the certification and recertification of tenants covered by any Housing Assistance Payments Contract that may be applicable to the Project with respect to federal Section 8 rent subsidies, following procedures required by the U.S. Department of Housing and Urban Development (“HUD”);
(f) collect, deposit and disburse security deposits in accordance with applicable law and the terms of this Agreement and each Lease. Interest on security deposits shall be paid according to the Leases and applicable law;
(g) maintain a current list of acceptable prospective tenants and undertake all arrangements necessary and incidental to the acceptance of rental applications and the execution of Leases. Manager shall exercise its best efforts (including, but not limited to, placement of advertising, interviewing prospective tenants, assisting and counseling in completion of rental applications and execution of Leases, processing documents and credit and employment verifications and explanation of the Crown Program and operations of Owner) to effect the...
Rentals. The Borrower will not, nor will it permit any ------- Subsidiary to, create, incur or suffer to exist obligations for Rentals in excess of $6,000,000 during any one fiscal year on a non-cumulative basis in the aggregate for the Borrower and its Subsidiaries.
Rentals. In the event the Property is a vacation rental property, the SC Code Section 00-00-000 shall apply. Prior to the ratification of this agreement, Seller shall provide Purchaser with a list of all rentals concerning the Property occurring in the future. Purchaser acknowledges that within fourteen (14) days after ratification of this agreement, Seller shall provide Seller’s rental management company, if any, with the name and contact information of Purchaser. Purchaser acknowledges that in the event the Property is a short-term rental property, any rentals occurring within ninety (90) days of Purchaser’s recordation of their deed must be honored by Purchaser. Purchaser and Seller agree to indemnify and hold KIRE harmless from any loss, cost, expense, or liability incurred in connection. In addition to the requirements of the above SC Code Section, in the event Seller chooses to book any future rentals after ratification of this Contract, Seller shall disclose to Purchaser those additional bookings within five (5) days of booking such.
Rentals. When renting the Xxxxxxx House Museum grounds, SOHO does not provide any tables, chairs, linens, audio equipment, etc. • Renters are free to choose their own rental company; we do not restrict you to a specific list, but are happy to make recommendations.
Rentals. (a) The lessee shall pay annual rental to the state in the amount of $10.00 per acre or fraction of an acre. the primary term. that year.
(b) The state may increase the annual rental rate as provided by law upon extension of this lease beyond
(c) Annual rental paid in advance is a credit on the royalty or net profit share due under this lease for
(d) The lessee shall pay the annual rental to the State of Alaska (or any depository designated by the state with at least 60 days notice to the lessee) in advance, on or before the annual anniversary date of this lease. The state is not required to give notice that rentals are due by billing the lessee. If the state's (or depository's) office is not open for business on the annual anniversary date of this lease, the time for payment is extended to include the next day on which that office is open for business. If the annual rental is not paid timely, this lease automatically terminates as to both parties at 11:59 p.m., Alaska Standard Time, on the date by which the rental payment was to have been made.
Rentals. Rentals and any other charges receivable (including expenses incurred pursuant to said Leases) under the Leases in effect at Closing, as evidenced by the Updated Rent Roll (except as otherwise provided herein), paid prior to Closing and allocable in whole or in part to any period following the Closing shall be credited to Purchaser to the extent so allocable and if allocable in whole or in part to any period prior to the Closing shall be credited to Seller to the extent so allocable. Rent and all other sums which are due and payable to Seller by any tenant but uncollected as of the Closing shall not be adjusted (“Delinquent Amounts”), but Purchaser shall cause the rent and other sums for the period prior to Closing to be remitted to Seller if, as and when collected (but Purchaser shall not be required to take legal action for such amounts accruing prior to the Closing), and any rent received by Purchaser shall first be applied to the payment of any rent due for the current period, and excess amounts collected shall be applied to Delinquent Amounts, if any. Purchaser may not waive any Delinquent Amounts or modify a Lease so as to reduce amounts or charges owed under Leases for any period in which Seller is entitled to receive a share of charges or amounts without first obtaining the prior written consent of Seller. With respect to Delinquent Amounts owed by tenants that are no longer tenants of the Property as of the date of Closing, Seller shall retain all rights relating thereto. All security deposits or other deposits which Seller has the right to hold as of the date of Closing (including, without limitation, non-refundable cleaning fees) shall be assigned and transferred to Purchaser and Purchaser will assume and pay to respective tenants the amount of such deposits according to the Leases.
