Examples of Lease Payments in a sentence
This Lease shall be deemed and construed to be a "net lease." The Lessee covenants that it shall pay absolutely net during the Lease Term the Lease Payments, free of any deductions, and without abatement, deduction or setoff.
Xxxxxx's sole remedy for such a material breach shall be that the forgiveness set forth in Section 5(d) of this Agreement shall be applied to the $6.7 million total Loan and thereby the total regular Lease Payments owed from the Lessee to the Lender will be reduced accordingly, unless the Lessee and the WVDED agree to another remedy in writing.
The parties intend that upon acquisition by Lessor, the Additional Parcels are to be incorporated into the definition of Leased Premises for the purposes of this Lease, with no further modification or alteration of any other provision, condition, representation, warranty, or agreement contained herein, including the Lease Term and the Regular Lease Payments.
No interruption or failure of such facilities or services shall be deemed an eviction or disturbance of Xxxxxx's use and possession of the Leased Premises or render Lessor liable for any abatement of any Lease Payments.
The Lessee further covenants that it shall pay the Additional Lease Payments for the Leased Premises to the parties to whom such payments are owing in the amounts and at the times such amounts may be due and payable (inclusive of any applicable grace period).