Common use of TERM; RENTAL; ELECTRICAL Clause in Contracts

TERM; RENTAL; ELECTRICAL. a. This Agreement shall be effective as of the date of execution by both Parties, provided, however, the initial term shall be for five (5) years and shall commence on the Commencement Date (as hereinafter defined) at which time rental payments shall commence and be due at a total annual rental of Twenty-Five Thousand Eight Hundred and 00/100 Dollars ($25,800.00) to be paid in equal monthly installments on the first day of the month, in advance, to the Village of Antioch to such other person, firm or place as LESSOR may, from time to time, designate in writing at least thirty (30) days in advance of any rental payment date by notice given in accordance with Paragraph 25 below. The Agreement shall commence based upon the date LESSEE commences installation of the equipment on the Premises. In the event the date LESSEE commences installation of the equipment on the Premises falls between the 1st and 15th of the month, the Agreement shall commence on the 1st of that month and if the date installation commences falls between the 16th and 31st of the month, then the Agreement shall commence on the 1st day of the following month (either the “Commencement Date”). LESSOR and LESSEE agree that they shall acknowledge in writing the Commencement Date. LESSOR and LESSEE acknowledge and agree that initial rental payment(s) shall not actually be sent by LESSEE until thirty (30) days after a written acknowledgement confirming the Commencement Date. By way of illustration of the preceding sentence, if the Commencement Date is January 1 and the written acknowledgement confirming the Commencement Date is dated January 14, LESSEE shall send to the LESSOR the rental payments for January 1 and February 1 by February 13. Upon agreement of the Parties, LESSEE may pay rent by electronic funds transfer and in such event, LESSOR agrees to provide to LESSEE bank routing information for such purpose upon request of LESSEE. LESSEE shall also reimburse LESSOR in an amount not to exceed Ten Thousand and 00/100 Dollars ($10,000.00) for all reasonable engineering and final inspection fees incurred by LESSOR in connection with the construction plans and specifications; and LESSOR shall provide LESSEE with copies of actual invoices from the engineering consultant.

TERM; RENTAL; ELECTRICAL. a. This Agreement shall be effective as of the date of execution by both Parties, provided, however, the initial term shall be for five (5) years and shall commence on the Commencement Date (as hereinafter defined) at which time rental payments shall commence and be due at a total annual rental of Twenty-Five Thousand Eight Hundred and 00/100 Dollars ($25,800.00) to be paid in equal monthly installments on the first day of the month, in advance, to the Village of Antioch to such other person, firm or place as LESSOR may, from time to time, designate in writing at least thirty (30) days in advance of any rental payment date by notice given in accordance with Paragraph 25 below. The Agreement shall commence based upon the date LESSEE commences installation of the equipment on the Premises. In the event the date LESSEE commences installation of the equipment on the Premises falls between the 1st and 15th of the month, the Agreement shall commence on the 1st of that month and if the date installation commences falls between the 16th and 31st of the month, then the Agreement shall commence on the 1st day of the following month (either the “Commencement Date”). LESSOR XXXXXX and LESSEE XXXXXX agree that they shall acknowledge in writing the Commencement Date. LESSOR XXXXXX and LESSEE XXXXXX acknowledge and agree that initial rental payment(s) shall not actually be sent by LESSEE XXXXXX until thirty (30) days after a written acknowledgement confirming the Commencement Date. By way of illustration of the preceding sentence, if the Commencement Date is January 1 and the written acknowledgement confirming the Commencement Date is dated January 14, LESSEE shall send to the LESSOR the rental payments for January 1 and February 1 by February 13. Upon agreement of the Parties, LESSEE may pay rent by electronic funds transfer and in such event, LESSOR XXXXXX agrees to provide to LESSEE bank routing information for such purpose upon request of LESSEE. LESSEE XXXXXX shall also reimburse LESSOR in an amount not to exceed Ten Thousand and 00/100 Dollars ($10,000.00) for all reasonable engineering and final inspection fees incurred by LESSOR in connection with the construction plans and specifications; and LESSOR shall provide LESSEE with copies of actual invoices from the engineering consultant.

TERM; RENTAL; ELECTRICAL. a. This Agreement shall be effective as of the date of execution by both Parties, provided, however, the initial term shall be for five ten (510) years and shall commence on the Commencement Date (as hereinafter defined) at which time rental payments shall commence and be due at a total annual rental of Twenty-Five Sixty Thousand Eight Hundred and 00/100 No/100 Dollars ($25,800.0060,000.00) to be paid in equal monthly installments on the first day of the month, in advance, to the Village of Antioch LESSOR or to such other person, firm or place as LESSOR may, from time to time, designate in writing at least thirty (30) days in advance of any rental payment date by notice given in accordance with Paragraph 25 24 below. The Agreement shall commence based upon the date LESSEE commences installation of the equipment on the Premises. In the event the date LESSEE commences installation of the equipment on the Premises falls between the 1st and 15th of the month, the Agreement shall commence on the 1st of that month and if the date installation commences falls between the 16th and 31st of the month, then the Agreement shall commence on the 1st day of the following month (either the “Commencement Date”). LESSOR and LESSEE agree that they shall acknowledge in writing the Commencement Date. LESSOR and LESSEE acknowledge and agree that initial rental payment(s) shall not actually be sent by LESSEE until thirty (30) days after a written acknowledgement confirming the Commencement Date. By way of illustration of the preceding sentence, if the Commencement Date is January 1 and the written acknowledgement confirming the Commencement Date is dated January 14, LESSEE shall send to the LESSOR the rental payments for January 1 and February 1 by February 13. Upon agreement of the Parties, LESSEE may pay rent by electronic funds transfer and in such event, LESSOR agrees to provide to LESSEE bank routing information for such purpose upon request of LESSEE. LESSEE shall also reimburse LESSOR in an amount not to exceed Ten Thousand and 00/100 Dollars ($10,000.00) for all reasonable engineering and final inspection fees incurred by LESSOR in connection with the construction plans and specifications; and LESSOR shall provide LESSEE with copies of actual invoices from the engineering consultant.

TERM; RENTAL; ELECTRICAL. a. This Agreement shall be effective as of the date of execution by both Parties, provided, however, the initial term shall be for five ten (510) years and shall commence on the Commencement Date (as hereinafter defined) at which time rental payments shall commence and be due at a total annual rental of Twenty-Five Twenty Four Thousand Eight Hundred and 00/100 Dollars ($25,800.0024,000.00) to be paid in equal monthly installments of Two Thousand Dollars ($2,000.00) on the first day of the month, in advance, to the Village of Antioch Lessor or to such other person, firm or place as LESSOR Lessor may, from time to time, designate in writing at least thirty (30) days in advance of any rental payment date by notice given in accordance with Paragraph 25 24 below. The This Agreement shall commence based upon the date LESSEE Lessee commences installation of the equipment on the Premises. In the event the date LESSEE Lessee commences installation of the equipment on the Premises falls between the 1st and 15th of the month, the this Agreement shall commence on the 1st of that month and if the date installation commences falls between the 16th and 31st of the month, then the this Agreement shall commence on the 1st day of the following month (either the “Commencement Date”). LESSOR Xxxxxx and LESSEE Xxxxxx agree that they shall acknowledge in writing the Commencement Date. LESSOR Lessor and LESSEE Xxxxxx acknowledge and agree that initial rental payment(s) shall not actually be sent by LESSEE Xxxxxx until thirty (30) days after a written acknowledgement confirming the Commencement Date. By way of illustration of the preceding sentence, if the Commencement Date is January 1 and the written acknowledgement confirming the Commencement Date is dated January 14, LESSEE Lessee shall send to the LESSOR Lessor the rental payments for January 1 and February 1 by February 13. Upon agreement of the Parties, LESSEE Lessee may pay rent by electronic funds transfer and in such event, LESSOR Xxxxxx agrees to provide to LESSEE Lessee bank routing information for such purpose upon request of LESSEE. LESSEE shall also reimburse LESSOR in an amount not to exceed Ten Thousand and 00/100 Dollars ($10,000.00) for all reasonable engineering and final inspection fees incurred by LESSOR in connection with the construction plans and specifications; and LESSOR shall provide LESSEE with copies of actual invoices from the engineering consultantLessee.