Common use of Timing of Lease Payments Clause in Contracts

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: 4.2.6.13.2.6.1. The Final Tenant Improvement Payment has been paid; 4.2.6.23.2.6.2. All applicable Retention (less the Lease Payments) retention has been paid pursuant to the terms of the Contract Documents; 4.2.6.33.2.6.3. The Parties have executed the Memorandum of Commencement Date, attached to the Facilities Lease as Exhibit EE2; and 4.2.6.43.2.6.4. 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: 4.2.6.13.2.6.1. The Final Tenant Improvement Payment has been paid; 4.2.6.23.2.6.2. All applicable Retention (less the Lease Payments) has been paid pursuant to the terms of the Contract Documents; 4.2.6.33.2.6.3. The Parties have executed the Memorandum of Commencement Date, attached to the Facilities Lease as Exhibit E; and 4.2.6.43.2.6.4. 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: 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;the 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: 4.2.6.14.2.5.1. The Final Tenant Improvement Payment has been paid; 4.2.6.24.2.5.2. All applicable Retention (less the Lease Payments) retention has been paid pursuant to the terms of the Contract Documents; 4.2.6.34.2.5.3. The Parties have executed the Memorandum of Commencement Date, attached to the Facilities Lease as Exhibit E; and 4.2.6.44.2.5.4. 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.