Tolling of Rent for the Auto Sign Sample Clauses

Tolling of Rent for the Auto Sign. The parties hereto agree that, as of the effective date of this MOU, all rent due from Regency to City under the Regency Lease and from Association to Regency under the Sublease shall be tolled during the term of this MOU, and shall be extinguished in accordance with the following: (a) upon Regency’s receipt of all City- related permits and approvals for the display of off-site and general advertising on the Third Sign, then fifty percent (50%) of the tolled rents under the Regency Lease and the Sublease will be extinguished, and (b) if the City enters into an acceptable lease with Regency for the Second Auto Sign on the City Parcel, then fifty percent (50%) of the tolled rents under the Regency Lease and the Sublease will be extinguished. Upon the occurrence of both (a) and (b), the Regency Lease will be terminated, and no further rent will be due under the Regency Lease and the Sublease. If during the term of this MOU (unless the MOU and deadlines are extended by the mutual agreement of the parties), Regency does not receive all City-related permits and approvals for the display of off-site and general advertising on the Third Sign, or if no lease for the Second Auto Sign is entered into, then Regency will be entitled to recover back rent from the Association pursuant to the Sublease, and Regency will pay back rent to City pursuant to the Regency Lease, from the date the tolling commenced until the date of termination in July 2014, except for any rent that has been extinguished pursuant to this Paragraph D.6 of Section 1.
Sample 1
AutoNDA by SimpleDocs

Related to Tolling of Rent for the Auto Sign

  • NOW THIS AGREEMENT WITNESSETH AS FOLLOWS 1. In this Agreement words and expressions shall have the same meanings as are respectively assigned to them in the Conditions of Contract referred to.

  • Our Liability for Failing to Make Transfers If we do not complete a transaction to or from the Card on time or in the correct amount according to our Agreement with you, we may be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • RIGHT TO ENTER THE APARTMENT FOR REPAIRS The Promoter / maintenance agency /association of allottees shall have rights of unrestricted access of all Common Areas, garages/closed parking's and parking spaces for providing necessary maintenance services and the Allottee agrees to permit the association of allottees and/or maintenance agency to enter into the [Apartment/Plot] or any part thereof, after due notice and during the normal working hours, unless the circumstances warrant otherwise, with a view to set right any defect.

  • NOW THIS DEED WITNESSETH as follows The Transferor hereby transfers unto the Transferee with full title guarantee all right, title, interest, benefit and obligation (both present and future) of the mortgagee in and under the Mortgages which do not relate to registered land including for the avoidance of doubt:

  • Your Billing Rights: Keep This Document For Future Use This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.

  • YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.

  • NOW THIS AGREEMENT WITNESSETH 1. Subject to the context the words and expressions used in this Agreement have the same meanings respectively as they have in and for the purpose of the Principal Agreement.

  • Execution of the Agreement The Company, the party executing this Agreement on behalf of the Company, and the Consultant, have the requisite corporate power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder. All corporate proceedings have been taken and all corporate authorizations and approvals have been secured which are necessary to authorize the execution, delivery and performance by the Company and the Consultant of this Agreement. This Agreement has been duly and validly executed and delivered by the Company and the Consultant and constitutes a valid and binding obligation, enforceable in accordance with the respective terms herein. Upon delivery of this Agreement, this Agreement, and the other agreements and exhibits referred to herein, will constitute the valid and binding obligations of Company, and will be enforceable in accordance with their respective terms. Delivery may take place via facsimile transmission.

  • NOW THEREFORE THIS AGREEMENT WITNESSETH that, in consideration of the mutual covenants and provisos herein contained, THE PARTIES HERETO AGREE AS FOLLOWS:

  • Retention or Repurchase of Assets Essential to Receiver (a) The Receiver may refuse to sell to the Assuming Institution, or the Assuming Institution agrees, at the request of the Receiver set forth in a written notice to the Assuming Institution, to assign, transfer, convey, and deliver to the Receiver all of the Assuming Institution's right, title and interest in and to, any Asset or asset essential to the Receiver as determined by the Receiver in its discretion (together with all Credit Documents evidencing or pertaining thereto), which may include any Asset or asset that the Receiver determines to be:

Time is Money Join Law Insider Premium to draft better contracts faster.