Rent Instalment definition
Examples of Rent Instalment in a sentence
The parties acknowledge that the formula set forth in Exhibit A assumes a 55%/45% ownership split, but such ownership split may be adjusted to up to a 76%/24% based on the terms of this Note, and payment (but not the valuation multiple) shall be adjusted accordingly.
We may at any time by giving you not less than one month's notice in writing increase or decrease the Rent Instalment under this Agreement to reflect changes in the Implicit Rate.
In the event that You fail to take up the Tenancy from the Start Date, or that You fail to pay the Advanced Rent Instalment before or on the corresponding Rent Payment Date and We cancel Your booking as a result, We shall be entitled to retain the Deposit in full.
To pay when due the GST component of each Rent Instalment and any other payment to be made by you under this Agreement and to pay when due any other taxes in relation to this Agreement.
To the extent permitted by this Agreement, and by law, you must continue to pay each Rent Instalment, despite the presence or occurrence of any defect or total or partial breakdown in or damage to the Equipment.
You must immediately pay the balance of the Rent Instalments which would otherwise have been payable by you during the Lease Term up to and including the Last Rent Instalment Due Date (less such rebate (if any) as we may in our absolute discretion determine represents the interest component of such Rent Instalments), plus GST on that amount, and any other default interest payable.
The first payment is due on the first Rent Instalment Due Date as set out on the Schedule and then subsequent Rent Instalments must be paid in accordance with the Payment Frequency during the Lease Term.
Date upon which first Deferred Rent Instalment is due (the Deferred Rent Instalment might also be payable in addition to the rent specified in the lease, if the pandemic period has ended).
Monthly amount of deferred rent (Total Rent Deferred divided by Number of Months) $ per month (Deferred Rent Instalment) The deferred rent is payable by consecutive monthly instalments until paid in full.
This agreement will terminate on the due date of your next Rent Instalment following after the expiry of your notice.