Timing of Lease Payments. The first Lease Payment is due only after the following conditions have been completed and satisfied:
4.2.6.1. The Final Tenant Improvement Payment has been paid;
4.2.6.2. All applicable Retention (less the Lease Payments) has been paid pursuant to the terms of the Contract Documents;
4.2.6.3. The Parties have executed the Memorandum of Commencement Date, attached to the Facilities Lease as Exhibit E; and
4.2.6.4. The Contractor has provided a duly completed and executed “Unconditional Waiver and Release upon Final Payment” compliant with Civil Code section 8138 from all subcontractors of any tier and suppliers that each has been paid all amounts owing to it from the Contractor for all work on the Project.
Timing of Lease Payments. The first Lease Payment is due only after the following conditions have been completed and satisfied:
3.2.5.1 The Final Tenant Improvement Payment has been paid;
3.2.5.2 All retention has been paid;
3.2.5.3 The Parties have executed the Memorandum of Commencement Date, attached to the Facilities Lease as Exhibit E; and
3.2.5.4 The Contractor has provided a duly completed and executed “Unconditional Waiver and Release upon Final Payment” compliant with Civil Code section 8138 from all subcontractors of any tier and suppliers that each has been paid all amounts owing to it from the Contractor for all work on the Project.
Timing of Lease Payments. The first Lease Payment is due only after the following conditions have been completed and satisfied:
Timing of Lease Payments. The Lease Payments shall be due and payable by Hospital on a monthly basis within fifteen (15) days after GKF submits to Hospital its statement setting forth its portion of Direct Operating Expenses for such month. Furthermore, Lease Payments shall be due and payable within fifteen (15) days after the close of each month following the termination or expiration of this Agreement to the extent any Technical Component Collections associated with Procedures performed utilizing the Equipment during the Term are collected after the termination or expiration of this Agreement; provided that no Direct Operating Expenses shall be deducted in calculating such Lease Payments following the termination or expiration of the Agreement since such Direct Operating Expenses would already have been deducted in calculating the Lease Payments made during the Term of the Agreement. The terms and provisions of this Section shall survive the expiration or earlier termination of this Agreement.
