Final Lease Payment definition
Examples of Final Lease Payment in a sentence
The Entity expressly acknowledges and agrees that the District’s occupancy at any time shall not entitle the Entity to acceleration of any Lease Payment, including, without limitation, the Final Lease Payment.
Final Lease Payment shall be made at the expiration of the Lease Term in accordance with the Lease 34 Payment Schedule, but in no event earlier than receipt by the District of the submittals required by this Article 35 and the Entity’s Certification of Completion, upon verification that all of the Work is complete, including all 36 punch list items, in accordance with the Facilities Lease and the Construction Documents, and acceptance by 37 the District of the Project.
This assignment shall be made and shall become 28 effective at the time the District tenders the Final Lease Payment to the Entity, without further 29 acknowledgement by the parties.
If School exercises the Option to Purchase, the option purchase price shall be the Outstanding Principal Balance on the Closing Date, with all Lease Interest Payments, prorated if applicable, paid current ("Final Lease Payment").
At the closing, School shall pay the "Final Lease Payment" (the balance due on the Lease Purchase Price, including all interest as reflected on the Addendum "One"), if not previously paid, plus or minus prorations.
In the event that a discretionary extension 44 is granted at the request of the Entity, the District shall have the right to charge to the Entity all or any part, as 45 the Board of Trustees may deem proper, of the actual cost of project management, engineering, inspection, 46 supervision, incidental and other overhead expenses that accrue during the period of the extension, and to 47 deduct all or any portion of that amount from the Final Lease Payment.
At closing School shall pay the Option Money and the Final Lease Payment in cash or other available funds.
When and if School exercises the option to purchase the Premises865Option to Purchase866, the Final Lease Payment shall equal the balance867Outstanding Principal Balance868 due on the Lease Purchase Price for the last month Base Rent has been paid by School, with the Lease Interest Payment prorated, if applicable869.
In the event that no Option is exercised, as provided herein, Lessee shall make the Final Lease Payment to Lessor, in cash or by certified or bank cashier's check or by wire transfer of such funds in accordance with Lessor's written instructions to Lessee no later than six (6) years from the date of execution of this lease.
When and if School exercises the option to purchase the Premises, the Final Lease Payment shall equal the balance due on the Lease Purchase Price for the last month Base Rent has been paid by School.