Common use of Collection of Rent Clause in Contracts

Collection of Rent. If Lessee's interest in this Lease is assigned, whether or not in violation of the provisions hereof, Lessor may collect Basic Rent and Additional Rent from the assignee. If the Premises is sublet to, or occupied by, or used by, any person other than Lessee, whether or not in violation hereof, Lessor after default by Lessee under this Lease, may collect Basic Rent and Additional Rent from the subtenant, user or occupant. In either case, no such assignment, sublease or collection shall affect Lessee's obligations hereunder, and Lessor shall apply the net amount collected to the Basic Rent, Additional Rent and other obligations of Lessee reserved in this Lease in such order as Lessor elects.

Appears in 4 contracts

Samples: Lease Agreement (Manchester Technologies Inc), Lease Agreement (Point 360), Lease Agreement (Manchester Technologies Inc)

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Collection of Rent. If Lessee's ’s interest in this Lease is assigned, whether or not in violation of the provisions hereof, Lessor may collect Basic Base Rent and Additional Rent other amounts payable by Lessee to Lessor from the assignee. If the Premises is sublet to, or occupied by, or used by, any person other than Lessee, whether or not in violation hereof, Lessor after default by Lessee under this Lease, may collect Basic Base Rent and Additional Rent other amounts payable by Lessee to Lessor from the subtenantsublessee, user or occupant. In either case, no such assignment, sublease or collection shall affect Lessee's ’s obligations hereunder, and Lessor shall apply the net amount collected to the Basic Rent, Additional Base Rent and other obligations of Lessee reserved in this Lease in such order as Lessor elects.

Appears in 1 contract

Samples: Lease Agreement (National American University Holdings, Inc.)

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Collection of Rent. If Lessee's ’s interest in this Lease is assigned, whether or not in violation of the provisions hereof, Lessor may collect Basic Rent and Additional Rent from the assignee. If the Premises is sublet to, or occupied by, or used by, any person other than Lessee, whether or not in violation hereof, Lessor after default by Lessee under this Lease, may collect Basic Rent and Additional Rent from the subtenant, user or occupant. In either case, no such assignment, sublease or collection shall affect Lessee's ’s obligations hereunder, and Lessor shall apply the net amount collected to the Basic Rent, Additional Rent and other obligations of Lessee reserved in this Lease in such order as Lessor elects.

Appears in 1 contract

Samples: Lease Agreement (Inamed Corp)

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