Examples of Final Rent Payment in a sentence
On the earlier to occur of the Scheduled Lease Termination Date or the Option Date, Lessee shall pay to the Lessor the Final Rent Payment or, if the Company has elected to purchase the Facility, the Purchase Price.
The Final Rent Payment shall mean the sum of the Property Account as of the Year 10 Expiration Date plus 10% of the Original Purchase Price.
During the Marketing Period, the obligation of Lessee to pay Rent with respect to each Unit (including the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, the Final Rent Payment, if any, the amount due under Section 21.3, if any, and all other amounts due to Lessor with respect to the Unit.
The Company shall not have the right to terminate this Agreement prior to the Final Rent Payment Date without the prior written consent of Arabica.
The Company's right to reimbursement pursuant to (i) above shall at all times and in all respects be subject and subordinate to the rights of the Lessor to receive full repayment of the Final Rent Payment or the Completion Costs Payment, as applicable, and all other amounts payable to the Lessor under the Lease.