Common use of Amount and Manner Clause in Contracts

Amount and Manner. Tenant shall pay to Landlord Annual Base Rent in advance in equal Monthly Installments, without setoff or demand except as specifically provided for herein on the first day of each calendar month during the Term of this Lease. Monthly Installments for any fractional month at the commencement or expiration of the Term shall be prorated based upon a thirty (30) day month. Monthly Installments of Annual Base Rent, Operating Expenses and Real Estate Taxes shall be payable by Tenant to Landlord at the address set forth in Section 1.2, above, or at such other place as Landlord shall hereinafter designate in writing with thirty (30) days notice to Tenant. Tenant agrees to pay Monthly Installments of Annual Base Rent, Operating Expenses, Parking Rent and Real Estate Taxes via automatic direct transfer and Tenant shall have the right, but not the obligation, to pay any other monthly payments due pursuant to the terms of this Lease in the same manner. Tenant agrees to take such action and execute such documents as Landlord deems reasonably necessary to cause the timely automatic direct transfer from Tenant’s bank account of funds necessary to make all of the payments required under the terms of this Lease.

Appears in 2 contracts

Samples: Office Lease (DiaMedica Therapeutics Inc.), Office Lease (DiaMedica Therapeutics Inc.)

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Amount and Manner. Tenant shall pay to Landlord Annual Base Rent in advance in equal Monthly Installments, without setoff or demand except as specifically provided for herein expressly set forth herein, on the first fifth (5th) day of each calendar month during the Term of this Lease. Monthly Installments for any fractional month at the commencement or expiration of the Term shall be prorated based upon a thirty (30) day month. Monthly Installments of Annual Base Rent, Operating Expenses and Real Estate Taxes shall be payable by Tenant to Landlord at the address set forth in Section 1.2, above, or at such other place as Landlord shall hereinafter designate in writing with thirty (30) days notice to Tenant. Tenant agrees to pay Monthly Installments of Annual Base Rent, Operating Expenses, Parking Rent and Real Estate Taxes via automatic direct transfer and Tenant shall have the right, but not the obligation, to pay any other monthly payments due pursuant to the terms of this Lease in the same mannerwriting. Tenant agrees to take such action and execute such documents as Landlord deems reasonably shall deem necessary or desirable to cause the timely automatic direct transfer from Tenant’s 's bank account of funds necessary to make all Monthly Installments and regular monthly payments of the payments Operating Expenses and Real Estate Taxes required under the terms of this Lease, provided that annual adjusting payments and non-regular payments will be invoiced and paid by Tenant as Additional Rent. Tenant shall have the right to suspend the automatic direct transfer in the event of a dispute with Landlord regarding Annual Base Rent or Additional Rent due hereunder, or any other matter regarding the Lease, until the resolution of such dispute. Landlord shall provide Tenant with sixty (60) days prior written notice before implementing any change in the amount to be paid via the automatic payment.

Appears in 1 contract

Samples: Office Lease (Galagen Inc)

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