Rents and Other Consideration Sample Clauses

Rents and Other Consideration. The rental obligations during the Lease Term are hereby reserved and the Company shall pay rent for the Project as follows: (a) Upon execution of this Leaseback Agreement, the sum of TWO THOUSAND SEVEN HUNDRED FI'FTY AND 00/100 ($2,750.00) Dollars and on or before February 1; 2020 and on February pt of each calendar year thereafter during the- Lease Term the sum of THREE THOUSAND AND 00/100 ($3,000.00) Dollars annually. (b) In addition to the payments of rent pursuant to Section 2.6(a) hereof, throughout the Lease Term, the Company shall pay to the Agency as additional rent, within thirty (30) days of the receipt of demand therefor, an amount equal to the sum of the expenses of the Agency and the members thereof incurred (i) for the reason of the Agency's leasehold interest in the Project or its leasing of the Project to the Company and (ii) in connection with the carrying out of the Agency's duties and obligations under this Leaseback Agreement. (c) The Company agrees to make the above mentioned payments, without any further notice, in lawful money of the United States of America as, at the time of payment, shall be legal tender for the payment of public or private debts. In the event the Company shall fail to timely make any payment required in this Section 2.6, the Company shall pay the same together with interest from the date said payment is due at the rate of twelve percent (12%) per annum.
Sample 1
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Rents and Other Consideration. The rental obligations during the Lease Term are hereby reserved and the Company shall pay rent for the Facility as follows: (a) Upon execution of this Leaseback Agreement, One Dollar ($1.00) for the period commencing on the date hereof and ending on December 31, 2024 and on February 28 of each calendar year thereafter an amount equal to One Dollar ($1.00) annually the receipt and sufficiency of which are hereby acknowledged. The Company shall pay to the Agency on January 1 of each year of the Lease Term an annual compliance fee of One Thousand and 00/00 Dollar ($1,000.00), commencing January 1, 2025. The Company acknowledges that the annual compliance fee of the Agency is subject to change. Fees hereunder shall be consistent with the Agency’s Uniform Tax Exemption Policy. (b) In addition to the payments of rent pursuant to Section 2.6(a) hereof, throughout the term of this Leaseback Agreement, the Company shall pay to the Agency as additional rent, within thirty (30) days of the receipt of demand therefor, an amount equal to the sum of reasonable, actual, third-party the expenses of the Agency and the members thereof incurred (i) for the reason of the Agency’s ownership or leasing of the Facility and (ii) in connection with the carrying out of the Agency’s duties and obligations under this Leaseback Agreement or any other document or agreement related to the transactions contemplated hereby. (c) The Company agrees to make the above-mentioned payments, without any further notice, in lawful money of the United States of America as, at the time of payment, shall be legal tender for the payment of public or private debts. In the event the Company shall fail to timely make any payment required in this Section 2.6, the Company shall pay the same together with interest from the date said payment is due at the rate of twelve percent (12%) per annum.
Sample 1
Rents and Other Consideration. The rental obligations during the Lease Term are hereby reserved and the Company shall pay rent for the Facility as follows: (a) Upon execution of this Leaseback Agreement, One Dollar ($1.00) for the period commencing on the date hereof and ending on December 31, 2013, and on December 1 of each calendar year thereafter an amount equal to One Dollar ($1.00) annually. (b) In addition to the payments of rent pursuant to Section 2.6(a) hereof, throughout the term of this Leaseback Agreement, the Company shall pay to the Agency as additional rent, within thirty (30) days of the receipt of demand therefor, an amount equal to the sum of the expenses of the Agency and the members thereof incurred (i) for the reason of the Agency's ownership or leasing of the Facility; and (ii) in connection with the carrying out of the Agency's duties and obligations under this Leaseback Agreement. The Company shall pay the Agency's administrative fee and the fees of transaction counsel to the Agency on the date of execution hereof. (c) The Company agrees to make the above-mentioned payments, without any further notice, in lawful money of the United States of America as, at the time of payment, shall be legal tender for the payment of public or private debts. In the event the Company shall fail to timely make any payment required in this Section 2.6, the Company shall pay the same together with interest from the date said payment is due at the rate of twelve percent (12%) per annum.
Sample 1
Rents and Other Consideration. The rental obligations during the Lease Term are hereby reserved and the Company shall pay rent for the Facility as follows: 60310-016v8 (a) On or before February 1, 2017 the sum of THREE THOUSAND SEVEN HUNDRED FIFTY AND 00/100 ($3,750.00) Dollars. On or before February 1, 2018 and on or before February 1st of each calendar year thereafter during the Lease Term the sum of FORTY-THREE THOUSAND SEVEN HUNDRED FIFTY AND 00/100 ($43,750.00) Dollars annually. (b) In addition to the payments of rent pursuant to Section 2.6(a) hereof, throughout the Lease Term, the Company shall pay to the Agency as additional rent, within thirty (30) days of the receipt of demand therefor, an amount equal to the sum of the expenses of the Agency and the members thereof incurred (i) for the reason of the Agency's leasehold interest in the Facility or its leasing of the Facility to the Company and (ii) in connection with the carrying out of the Agency's duties and obligations under this Leaseback Agreement. (c) The Company agrees to make the above mentioned payments, without any further notice, in lawful money of the United States. of America as, at the time of payment, shall be legal tender for the payment of public or private debts. In the event the Company shall fail to timely make any payment required in this Section 2.6, the Company shall pay the same together with interest from the date said payment is due at the rate of twelve percent (12%) per annum.
Sample 1

Related to Rents and Other Consideration

  • Rent and Other Charges Base Rent, Taxes, Operating Expenses, and any other amounts which Tenant is or becomes obligated to pay Landlord under this Lease or other agreement entered into in connection herewith, are sometimes herein referred to collectively as "Rent," and all remedies applicable to the non-payment of Rent shall be applicable thereto. Rent shall be paid at any office maintained by Landlord or its agent at the Property, or at such other place as Landlord may designate.

  • Fees and Other Charges (a) The Borrower will pay a fee on each outstanding Letter of Credit requested by it, at a per annum rate equal to the Applicable Margin then in effect with respect to Eurocurrency Loans under the Revolving Facility (minus the fronting fee referred to below), on the face amount of such Letter of Credit, which fee shall be shared ratably among the Revolving Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date; provided that, with respect to any Defaulting Lender, such Lender’s ratable share of any letter of credit fee accrued on the aggregate amount available to be drawn on any outstanding Letters of Credit during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such Lender’s ratable share of any letter of credit fee shall otherwise have been due and payable by the Borrower prior to such time; provided further that any Defaulting Lender’s ratable share of any letter of credit fee accrued on the aggregate amount available to be drawn on any outstanding Letters of Credit shall accrue for the account of the Borrower so long as such Lender shall be a Defaulting Lender. In addition, the Borrower shall pay to each Issuing Lender for its own account a fronting fee on the aggregate face amount of all outstanding Letters of Credit issued by it to the Borrower separately agreed to by the Borrower and such Issuing Lender (but in any event not to exceed 0.25% per annum), payable quarterly in arrears on each Fee Payment Date after the issuance date. (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for costs and expenses agreed by the Borrower and such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit requested by the Borrower.

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