Common use of Rents and Fees Clause in Contracts

Rents and Fees. (1) The rents and fees for the Sublease Premises, due the first day of each month, will be set forth in Exhibit B of this Sublease. (2) Any occupancy of the Sublease Premises by the Sublessee beyond the Sublease Term shall be on a month-to-month rental basis, subject to the prior written approval of the Borough, except that rates and fees due shall be subject to be adjusted according to current operating costs. (3) Payments due under this Sublease must be made by check, bank draft, or postal money order made payable to the Ketchikan Gateway Borough and delivered to the address designated on Page 1 of this Sublease, or any other address the Borough may designate in writing. (4) Beginning the day payment is due, all unpaid rents, charges, and fees required under this Sublease will accrue interest at the maximum rate allowed by Alaska Statute 45.45.

Rents and Fees. (1) The rents and fees for the Sublease Premises, due the first day of each month, will be set forth in Exhibit B of this Sublease. (2) Any occupancy of the Sublease Premises by the Sublessee beyond the Sublease Term shall be on a month-to-month rental basis, subject to the prior written approval of the Borough, except that rates and fees due shall be subject to be adjusted according to current operating costs. (3) Payments due under this Sublease must be made by check, bank draft, or postal money order made payable to the Ketchikan Gateway Borough and delivered to the address designated on Page 1 of this Subleasefollowing address: Ketchikan Gateway Borough 0000 Xxxxx Xxx., Xxx. 000 Ketchikan, AK 99901 or any other address the Borough may designate in writing. (4) Beginning the day payment is due, all unpaid rents, charges, and fees required under this Sublease will accrue interest at the maximum rate allowed by Alaska Statute 45.45.