Common use of Up-Front Payment Clause in Contracts

Up-Front Payment. 2.1. In consideration of us granting you the long term right to exclusively occupy the Property as set out in this Agreement, you agree to pay us the Upfront Payment by way of cleared funds on the Start Date. 2.2. At the same time as payment of the Upfront Payment, you may register this Agreement as a leasehold interest against the title to the Property and grant a mortgage over your registered Agreement to your Bank provided the provisions of clause 6 below have been complied with. We will arrange for any mortgagee of ours to consent to this registration.

Up-Front Payment. 2.1. In consideration of us granting you the long term right to exclusively occupy the Property as set out in this Agreement, you agree to pay us the Upfront Payment by way of cleared funds on the Start Date. 2.2. At the same time as payment of the Upfront Payment, you may register this Agreement as a leasehold interest against the title to the Property and grant a mortgage over your registered Agreement to your Bank provided the provisions of clause 6 below have been complied with. 2.3. We will arrange for any mortgagee agree to have our solicitors hold the Upfront Payment in trust until registration of ours this Agreement and the mortgage to consent to this registrationyour Bank.