Common use of Advance Rent Clause in Contracts

Advance Rent. Tenant shall pay, upon the execution of this Lease, advance rent in the amount of ($13,101.00) (“Advance Rent”) to be held as additional security and to be forfeited, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the Commencement Date. If no such default occurs, the Advance Rent shall be applied by Landlord to the first installment of Base Rent payable by Tenant. Landlord shall not be required to escrow or otherwise segregate the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect thereto.

Appears in 2 contracts

Samples: Office Lease Agreement (Global Defense Technology & Systems, Inc.), Office Lease Agreement (Global Defense Technology & Systems, Inc.)

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Advance Rent. Tenant shall pay, upon the Upon execution of this Lease, advance rent in Tenant shall pay Landlord the amount of ($13,101.00) (“Advance Rent”) Rent to be held as additional advance rent and security and which Landlord shall be entitled to be forfeitedretain, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the Commencement Datecommencement of the Term. If no such default occursdefaults occur, the Advance Rent shall be applied by Landlord to the against first installment installments of Base Rent payable by Tenant. Landlord shall not be required to escrow or otherwise segregate the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect theretoTenant hereunder.

Appears in 2 contracts

Samples: Agreement of Lease (Convera Corp), Commencement Date Agreement (Dialysis Corp of America)

Advance Rent. Tenant shall pay, upon the Upon execution of this Lease, advance rent in Tenant shall pay Landlord the amount of ($13,101.00) (“Advance Rent”) Rent to be held as additional advance rent and security and which Landlord shall be entitled to be forfeitedretain, without limitation of other remedies, for any defaults Event of Default by Tenant under this Lease by Tenant occurring prior to the Commencement Datecommencement of the Term. If no such default Event of Default occurs, the Advance Rent shall be applied by Landlord to the against first installment installments of Annual Base Rent payable by Tenant. Landlord shall not be required to escrow or otherwise segregate the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect theretoTenant hereunder.

Appears in 2 contracts

Samples: Agreement of Lease (Spectranetics Corp), Agreement of Lease (Spectranetics Corp)

Advance Rent. Tenant shall pay, upon Concurrently with the execution of this Lease, advance rent Tenant shall deposit with the Landlord the Advance Rent as described in the amount of ($13,101.00) (“Advance Rent”) to be held as additional security and to be forfeited, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the Commencement DateSection 2.01 hereof. If no such default occurs, the The Advance Rent shall be applied by Landlord to against the first installment of Base Rent due hereunder. No interest shall be payable by Tenant. Landlord shall not be required to escrow or otherwise segregate Tenant on account of the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect thereto.

Appears in 1 contract

Samples: Lease (Chicago Pizza & Brewery Inc)

Advance Rent. Tenant shall pay, upon the Upon execution of this Lease, advance rent in Tenant shall pay Landlord the amount of ($13,101.00) (“Advance Rent”) Rent to be held as additional advance rent and security and which Landlord shall be entitled to be forfeitedretain, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the Commencement Datecommencement of the Term. If no such default occursdefaults occur, the Advance Rent shall be applied by Landlord to the against first installment installments of Annual Base Rent payable by Tenant. Landlord shall not be required to escrow or otherwise segregate the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect theretoTenant hereunder.

Appears in 1 contract

Samples: Agreement of Lease (Titan Corp)

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Advance Rent. Tenant shall pay, pay upon the execution of this Lease, advance rent in Lease the amount of ($13,101.00) (“Advance Rent”set forth in Section 1.2(b) to be held as additional advance rent and security and (the "Advance Rent") to be forfeitedretained by Landlord, without limitation of other remedies, for to offset Landlord's costs in preparing and negotiating this Lease and to protect Landlord against any defaults of this Lease by Tenant occurring prior to the Commencement Datecommencement of the Term. If no such default occursdefaults occur, the Advance Rent shall be applied by Landlord to against the first installment monthly installments of Base Rent payable by Tenant. Landlord shall not be required to escrow or otherwise segregate the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect thereto.

Appears in 1 contract

Samples: Standard Office Lease (Lunn Industries Inc /De/)

Advance Rent. Tenant shall pay, upon the Upon execution of this Lease, advance rent in Tenant shall pay ------------ Landlord the amount of ($13,101.00) (“Advance Rent”) Rent to be held as additional advance rent and security and which Landlord shall be entitled to be forfeitedretain, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the Commencement Datecommencement of the Term. If no such default occursdefaults occur, the Advance Rent shall be applied by Landlord to the against first installment installments of Base Rent payable by Tenant. Landlord shall not be required to escrow or otherwise segregate the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect theretoTenant hereunder.

Appears in 1 contract

Samples: Agreement of Lease (Dialysis Corp of America)

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