Tenant Contribution. At Landlord's option, the initial Tenant contributions (for Common Charges, Real Estate Taxes and fire and extended coverage insurance) for partial months should be prorated on a thirty (30) day month basis (360 days per year).
Tenant Contribution. Notwithstanding the foregoing and/or Section 6.5 to the contrary, no prorations or adjustments shall be made for portions, if any, of real estate taxes, personal property taxes, special assessments or operating costs of the Property to the extent a tenant under the Leases is required to pay same directly to the applicable utility company, service provider or governmental entity pursuant to the terms of any of the Leases.
Tenant Contribution. As set forth in Section 6.01, at all times Tenant shall ensure that there are sufficient funds in the Disbursement Account to fund Project Costs, and shall make all contributions necessary to fund Project Cost Overruns (the “Tenant Contribution”).
Tenant Contribution. As reflected in the Ground Rent schedule set forth in Addendum 1, Xxxxxx’s contribution to the Initial Improvements is the “Capitalized Rent” which shall be payable by Tenant for a maximum Term of thirty (30) years. The Capitalized Rent is the product of $13,900,000 multiplied by 4.0% per year and, as set forth in Ground Rent schedule, the annual Capitalized Rent increases 7.5% every five years. With the exception of the Capitalized Rent and any Change Order Costs (defined below), Tenant shall not be liable for any costs associated with the Initial Improvements.
Tenant Contribution. Tenant agrees to pay as Tenant Contribution (monthly rent), the sum of Utilities included in rent: Heat Water and Sewer Garbage Utilities paid by Tenant: Electric Telephone Cable Other Tenant agrees to pay utility charges promptly when due. The amount of Tenant Contribution is subject to Landlord’s right to increase the Tenant contribution in accordance with Rural Development regulations and provisions of this Lease. Changes in Basic and/or Note Rate rents, such as shelter costs change, Contribution changes, or notice of ineligibility approved by Rural Development may be implemented upon giving Tenant written notice equal to the notice period. No increase in Tenant Contribution to rent will take place due to prepayment of the loan when rental assistance or interest credit is terminated due to the fault of management or the owner, or due to liquidations and acceleration of the note during Equal Housing Opportunity This institution is an equal opportunity provider and employer. We do not discriminate against any person because of race, color, sex, religion, national origin, handicap, familial status, age, marital status, or receipt of public assistance as provided under applicable State laws and Section 504 of the Rehabilitation Act of 1973 coordinator available. ND TDD 800.366.6888. the term of this Lease.
Tenant Contribution. The Landlord acknowledges that the portion of Gross Rent for which Tenant will be responsible under the Lease (“Tenant Contribution”) shall be calculated based on the Tenant Income Certification, Tenant shall be solely responsible for payment of the Tenant Contribution on a timely basis, as detailed in the Lease, with the balance of the Gross Rent (defined below) subsidized with proceeds from the Rental Assistance.
Tenant Contribution. Tenant shall provide evidence of Xxxxxx’s contribution to the Facility in an amount of not less than twenty percent (20%) of the cost of the Facility.
Tenant Contribution. For homeowner, enter 0. For renters enter the actual rent to the nearest dollar, including utilities, paid by the tenant at the time HOME funds were committed to the project. If the tenant’s rent does not include utilities, or if the tenant’s rent includes only partial utilities, e.g. heat, but not electricity, these utility costs must be added to the rent. Use actual costs or use the utility allowance schedule provided by the local Public Housing Authority (PHA) in accordance with form HUD-52667, Allowance for Tenant Furnished Utilities and Other Services.
Tenant Contribution. The amount of $3,500,000 reduced upon funding of the Textron Mortgage by the sum of $225,000 (which relates to excess construction costs paid pursuant to paragraph 17(iii) of the Fifth Amendment to this Sublease and subject to adjustment as provided therein) and further reduced by $40,000 (as additional consideration). In the event of a transfer of the Tenant's interest in this Sublease to the Mortgagee or its assignee or transferee, by foreclosure or otherwise, or purchase of the Tenant's interest in this Sublease by a third party at the foreclosure sale, the Tenant Contribution shall be (the "New Tenant Contribution") the least of: (i) the Tenant Contribution immediately prior to the transfer; (ii) the total consideration paid to the Mortgagee by the assignee or transferee of the Tenant's interest in this Sublease; or (iii) the Total Indebtedness, which Total Indebtedness shall not exceed $2,250,000. The New Tenant Contribution shall be increased by the cost of capital improvements to the Property incurred by Mortgagee or its assignee or transferee reasonably necessary to operate the Facilities which costs are reasonably approved in advance in writing by Landlord and which shall not exceed $500,000 in the aggregate. All references to "Tenant Contribution" in this Sublease shall be deemed to include a reference to the "New Tenant Contribution" when such latter term is applicable. The amount of the New Tenant Contribution shall be reduced by the amount of the Total Indebtedness immediately after the transfer, if any, but not less than zero. The Tenant Contribution shall be reduced by payment not more frequently than monthly to the extent Operational Proceeds are available after payment of items 1 through 5 in accordance with the Application of Funds provided that the Tenant Contribution shall not be paid below the Coverage Amount. In the event the Coverage Amount exceeds the Tenant Contribution by reason of additional Principal Advances or otherwise, the Tenant Contribution shall not thereafter be increased by payment or retention of funds to meet such standard.
Tenant Contribution. Notwithstanding anything to the contrary contained in this Exhibit D, should Tenant require work to be completed by Landlord (i) in addition to Landlord Work as set forth in the Plans and Specifications, (ii) as a change order to the Final Plans, and (iii) as otherwise may be required to conform to any legal requirements arising from Tenant's use and occupancy of the demised premises, Tenant shall pay to Landlord an amount equal to the actual cost to Landlord ("Landlord's Costs") of performing the aforesaid work plus ten (10%) percent for general conditions plus ten (10%) percent for profit and overhead. In connection with this Section 2.7, Landlord represents that the use of the demised premises by Tenant as specified in Article V presently conforms to the requirements of the certificate of occupancy for the Building. EXHIBIT B GENTLEMEN: WE HEREBY OPEN OUR IRREVOCABLE STANDBY LETTER OF CREDIT IN YOUR FAVOR FOR THE ACCOUNT OF (INSERT NAME), LOCATED AT (INSERT ADDRESS) IN THE AGGREGATE AMOUNT OF USD ____ (UNITED STATES DOLLARS {_______} THOUSAND 00/100) AVAILABLE BY PAYMENT OF YOUR DRAFT(S) AT SIGHT DRAWN ON OURSELVES WHEN ACCOMPANIED BY THE FOLLOWING DOCUMENT(S): A STATEMENT PURPORTEDLY SIGNED BY AN AUTHORIZED REPRESENTATIVE OF AKZO NOBEL INC. STATING THAT: "I HEREBY CERTIFY THAT OUR DRAFT IN THE AMOUNT OF (INSERT AMOUNT) PRESENTED TO (BANK NAME) UNDER LETTER OF CREDIT NO. (INSERT LETTER OF CREDIT NUMBER) REPRESENTS FUNDS DUE US AS (INSERT NAME) IS IN DEFAULT OF IT'S OBLIGATIONS PURSUANT TO A SUBLEASE DATED MAY ___, 1999 (THE "SUBLEASE") BETWEEN AKZO NOBEL CUSI INC. ("SUBLANDLORD") AND INTERLIENT, INC. ("SUBTENANT"). THIS IRREVOCABLE LETTER OF CREDIT SETS FORTH IN FULL THE TERMS OF OUR UNDERSTANDING. THIS UNDERTAKING SHALL NOT IN ANY WAY BE MODIFIED, AMENDED, OR AMPLIFIED BY REFERENCE TO ANY DOCUMENT OR CONTRACT REFERRED TO HEREIN. IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL TERMINATE ON JULY 30, 2002. WE HEREBY AGREE WITH YOU THAT DRAFT(S) DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS CREDIT SHALL BE DULY HONORED IF PRESENTED TOGETHER WITH DOCUMENT(S) AS SPECIFIED AND THE ORIGINAL OF THIS CREDIT, AT OUR OFFICE LOCATED AT (BANK ADDRESS) ON OR BEFORE THE ABOVE STATED EXPIRY DATE. DRAFT(S) DRAWN UNDER THIS CREDIT MUST SPECIFICALLY REFERENCE OUR CREDIT NUMBER. EXCEPT AS OTHERWISE EXPRESSLY STATED HEREIN, THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, ESTABLISHED BY THE INTERNAT...
