SUBLEASE PAYMENTS Clause Samples
The SUBLEASE PAYMENTS clause defines the financial obligations of the subtenant to the sublandlord under a sublease agreement. It typically specifies the amount, frequency, and method of payment required for occupying the subleased premises, and may address additional costs such as utilities or maintenance fees. This clause ensures that payment terms are clearly established, helping to prevent disputes and ensuring both parties understand their financial responsibilities.
SUBLEASE PAYMENTS. A. District shall pay Lessor sublease payments (“Sublease Payments”) in accordance with the provisions in Exhibit "C" of this Sublease. The District shall have no obligation to make Sublease Payments hereunder in the event the Effective Date of this Sublease does not occur as a result of District’s inability to issue a Notice to Proceed for the Project pursuant to the provisions of Section 5 of the Construction Services Agreement.
B. Should District fail to pay any part of the Sublease Payments not otherwise excused pursuant to this Section or Section 9, below, within fifteen (15) business days from the due date thereof, District shall, upon ▇▇▇▇▇▇’s written request, pay interest on such delinquent payment from the date said payment was due until paid at the rate of twelve percent (12%) per annum or the maximum legal rate, whichever is less.
SUBLEASE PAYMENTS. A. District shall pay Lessor sublease payments (the “Sublease Payments”) for the improvements, use and occupancy of the Project and Site. The obligation of the District to pay Sublease Payments hereunder shall constitute a current expense of the District and shall not in any way be construed to be a debt of the District in contravention of any applicable constitutional or statutory limitations or requirements concerning the creation of indebtedness by the District, nor shall anything contained herein constitute a pledge of the general tax revenues, funds or moneys of the District. The Sublease Payments, which the parties acknowledge and agree, are good and sufficient consideration for the improvements and the District’s use and occupancy of the Project and the Site.
B. The District shall pay Lessor the portion of the GMP in accordance with the CSA. No Sublease Payment shall be made by the District in an amount that exceeds the aggregate cost approved in accordance with the CSA to the Lessor of the work on the Project completed to the date the Lessor submits an application for payment, less the aggregate amount of all Sublease Payments previously made by the District to the Lessor.
C. In the event the District elects to exercise its option under Article 21.B below, the District’s obligations under this Sublease including, but not limited to, the District’s obligations to make Sublease Payments under this Article, shall thereupon cease and terminate.
D. Except as specifically provided in this Article and in Article 9 hereof or as otherwise provided by law, the obligation of the District to make Sublease Payments when due and payable hereunder will be absolute and unconditional in all events and will not be subject to any set-off, defense, counterclaim, abatement or recoupment for any reason whatsoever.
SUBLEASE PAYMENTS. A. District shall pay Lessor lease payments (the "Sublease Payments") in the amount of Three Hundred Thousand No/100 Dollars ($300,000) for One hundred forty seven (147) months, and Nine Thousand, Six Hundred Twenty-four and No/100 Dollars ($9,624) for month One hundred forty-eight (148), on the first day of each month at the office of the Lessor or to such other person or at such other place as the Lessor may from time to time designate in writing. In no event shall the sum of the Sublease Payments due hereunder and/or any Sublease Prepayments exceed the GMP as it may be revised by the District from time to time in accordance with the provisions set forth in the Construction Services Agreement. The Sublease Payments shall be adjusted to reflect any adjustment to the GMP agreed to in writing by the District and the Contractor. The District shall have no obligation to make Sublease payments hereunder in the event the Effective Date of this Sublease does not occur as a result of District's inability to issue a Notice to Proceed for the Project pursuant to the provisions of Section 5 of the Construction Services Agreement.
B. If the Effective Date falls upon a day other than the first day of a calendar month, the District shall pay upon the Effective Date a pro rata portion of the Sublease Payment for the first calendar month pro-rated on a per diem basis with respect to such fractional calendar month.
C. Should the District fail to pay any part of the Sublease Payments not otherwise excused pursuant to this Section or Section 9 hereof, within fifteen (15) business days from the due date thereof, the District shall, upon Lessor's written request, pay interest on such delinquent payment from the date said payment was due until paid at the rate of twelve percent (12%) per annum or the maximum legal rate, whichever is less. The obligation of the District to pay Sublease Payments hereunder shall constitute a current expense of the District and shall not in any way be construed to be a debt of the District in contravention of any applicable constitutional or statutory limitations or requirements concerning the creation of indebtedness by the District, nor shall anything contained herein constitute a pledge of the general tax revenues, funds or moneys of the District.
D. In the event that the District exercises its option under Section 27(B) below, and purchases the Project by paying the Prepayment Price, the District's obligations under this Lease, including but n...
SUBLEASE PAYMENTS. After the parties execute the Memorandum of Commencement ("MOC") Date, attached as Exhibit "D" of this Sublease, the District shall pay to Contractor
(a) The Sublease Payments shall be consideration for the District's rental, use, and occupancy of the Project and Site and shall be made in equal monthly installments for the duration of the Term.
SUBLEASE PAYMENTS. The Subtenant shall pay to the Tenant monthly payments of $3,657.05 per month, payable in advance on the first day of each month. Sublease payments shall be made to the Tenant at 1▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇, which may be changed from time to time by the Tenant upon providing written notice.
SUBLEASE PAYMENTS. (a) Over the Term of this Sublease, the owner will pay to the Contractor the Total Sublease Amount for Phase (excluding any allowances or contingencies) in ( ) equal monthly installments (each such installment being a “Sublease Payment”) pursuant to the Schedule of Sublease Payments which shall be prepared based on the form attached as Exhibit A, executed by the Contractor, and then approved by the Owner’s governing board when it approves the Total Sublease Amount for Phase pursuant to Education Code section 17406(a)(3). [repeat the previous sentence for each phase] Upon execution by the Parties and approval by the Owner’s governing body, the Schedule of Sublease Payments shall act as a written amendment to this Sublease. Payments shall be made by the fifth day of each month, pursuant to the General Conditions. The Sublease Payments shall be made in accordance with the Contract Documents, including but not limited to the General Conditions. The parties expressly agree that the Total Sublease Amount represents the fair market value for the Work and for the Owner’s use of the Site during the term of the Sublease.
(b) During the Lease Term, the Owner will adjust the Total Sublease Amount for each phase to account for any changes in the scope of the Work or use of the Site during the term of the Sublease, including but not limited to (i) spent allowances or contingency, (ii) any change orders, or (iii) Contractor’s actual costs being less than its estimated costs. As set forth in the General Conditions, any changes in the Total Sublease Amount for each phase shall result in a prorated increase, or decrease, in Sublease Payments made following the adjustment to the Total Sublease Amount.
(c) The obligation of the Owner to pay Sublease Payments shall constitute a current expense of the Owner and shall not in any way be construed to be a debt of the Owner in contravention of any applicable constitutional or statutory limitations or requirements concerning the creation of indebtedness by the Owner, nor shall anything contained in this Sublease constitute a pledge of the general tax revenues, funds, or moneys of the Owner.
SUBLEASE PAYMENTS. After the parties execute the Memorandum of Commencement ("MOC") Date, attached as Exhibit "D" of this Sublease, the District shall pay to Contractor
(a) The Sublease Payments shall be consideration for the District's rental, use, and occupancy of the Project and Site and shall be made in equal monthly installments for the duration of the Term.
(b) The District represents that the total annual Sublease Payment obligation does not surpass the District's annual budget and will not require the District to increase or impose additional taxes or obligations on the public that did not exist prior to the execution of the Sublease.
SUBLEASE PAYMENTS. (a) Owner will pay to the Contractor twenty two (22) monthly installments, (each such installment being a “Sublease Payment”), in the amount to be included in Exhibit A. The Sublease Payments are intended to cover the cost of all general conditions and general requirements through substantial completion. Following substantial completion, the Sublease Payments shall be paid from the Retention as set forth in the Lease-Leaseback Agreement.
(b) If the Owner determines under the time schedule that satisfactory progress of the work required to be performed before to a given Sublease Payment has not been met, the Owner shall not be required to make that scheduled Sublease Payment. Once the Owner has determined that the work scheduled to be completed before the Sublease Payment in question has been completed, then the Owner shall make the Sublease Payment corresponding to completion of such work.
(c) The Owner may adjust the Sublease Payment to account for any changes in the use of the Site during the term of the Sublease.
(d) The obligation of the Owner to pay Sublease Payments shall constitute a current expense of the Owner and shall not in any way be construed to be a debt of the Owner in contravention of any applicable constitutional or statutory limitations or requirements concerning the creation of indebtedness by the Owner, nor shall anything contained in this Sublease constitute a pledge of the general tax revenues, funds, or moneys of the Owner.
SUBLEASE PAYMENTS. HemaPharm shall, on the first day of each calendar month, pay to Novo Nordisk Danish Kroner 154.167,00, plus applicable VAT, as rent payment under this Agreement. Rent payments under this Agreement shall be increased on the first day of each calendar year in proportion to the relative increase of the "Nettoprisindex" for the preceding calendar year, except that such increase shall be no less than three percent (3%) and no more than four percent (4%).
SUBLEASE PAYMENTS. Subtenant shall pay to Tenant sublease payment of $ 450.00 per month, payable in advance on the first day of each month, for a total sublease payment of $450.00. Sublease payments shall be made to Tenant at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇. Which may be changed from time to time by Tenant TENANT: YAHAM LED U.S.A., Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ Subtenant: United Lumicon Exhibition Services, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ Landlord: ▇▇▇▇▇▇ Investment Properties ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇-▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ Such addresses may be changed from time to time by any party by providing notice to the other interested parties as described above.