Application of Rent. No payment by Tenant or receipt by Landlord of lesser amounts of Base Annual Rent or Additional Rent than those required by this Lease shall be deemed to be other than on account of the earliest unpaid stipulated Base Annual Rent or Additional Rent. No endorsement or statement on any check or any letter accompanying any check or payment as Base Annual Rent or Additional Rent shall be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such Base Annual Rent and Additional Rent or pursue any other remedy provided in this Lease. Any credit due to Tenant hereunder by reason of overpayment of Base Annual Rent or Additional Rent shall first be applied to any Base Annual Rent, Additional Rent or other sums owed to Landlord by Tenant as set forth elsewhere in this Lease or if Tenant shall be in default when said credit shall be owed.
Application of Rent. Xxxxxx agrees that Landlord may apply any payment of Rent Landlord receives from Tenant first to any additional rent, outstanding fees, costs or charges owed by Tenant to Landlord under this Apartment Lease and then to the first rent payment due and owing regardless of any statement by Xxxxxx, written or oral, or any notation on Tenant’s rental payment check or money order to the contrary.
Application of Rent. No payment by Tenant or receipt by Landlord of lesser amounts of rent or additional rent than those herein stipulated shall be deemed to be other than on account of the earliest unpaid stipulated rent. No endorsement or statement on any check or any letter accompanying any check or payment as rent shall be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord's right to recover the balance of such rent or pursue any other remedy provided in this Lease. Any credit due to Tenant hereunder by reason of overpayment of additional rent shall first be applied to any damages or rent owed to Landlord by Tenant if Tenant shall be in default when said credit shall be owed.
Application of Rent. 6 2.9 Late Payment Fee and Interest Charge.................................6 2.10 Other Tenant Costs and Expenses......................................6
Application of Rent. Any Rent received will be applied in this order: (i) to unpaid Rent owed for earlier months than the current month; and then (ii) to Rent owed for the current month.
Application of Rent. Any rent received by Sublessor before the Effective Date under the Existing Lease will be retained in full by Sublessor. The first installment of rent due under this Sublease shall be on March 1, 1998.
Application of Rent. If this Agreement be assigned or if the Leased Premises be sublet or occupied by any party other than by Airline, or should any other transfer of interest or rights of any nature prohibited by Section 16.01 occur without authorization of the Board of Control of City, City may collect rent from any assignee, sublessee or transferee and in such event shall apply the net amount collected to the rents payable by Airline hereunder, without such action by City being a waiver of the covenant contained in Section 16.01 or constituting acceptance of such assignee, sublessee, or transferee by City or releasing Airline from this Agreement or any of its obligations hereunder.
Application of Rent. (a) Each Tenant may, until Lender delivers a Payment Notice, pay Rent directly to Mortgagor (or its designee). Mortgagor shall hold all Rent it (or its designee) receives in trust for the benefit of Lender. Unless Lender otherwise agrees, Mortgagor may only use the Rent to satisfy obligations arising under the Promissory Note, including payment of all Real Estate Taxes, insurance premiums, maintenance and repair costs, for the Property.
Application of Rent. No act by Landlord hereunder, including acts of maintenance, preservation or efforts to lease the Premises or the appointment of a receiver upon application of Landlord to protect Xxxxxxxx's interest under this Lease, shall terminate this Lease unless Landlord notifies Tenant that Landlord elects to terminate this Lease. In the event that Landlord elects to relet the Premises, the rent that Landlord receives from reletting shall be applied to the payment of, first, any indebtedness from Tenant to Landlord other than Base Rent and Operating Expenses and Real Property Taxes; second, all costs, including maintenance, incurred by Landlord in reletting; and, third, Base Rent and Operating Expenses and Real Property Taxes under this Lease. After deducting the payments referred to above, any sum remaining from the rental Landlord receives from reletting shall be held by Landlord and applied in payment of future Rent as Rent becomes due under this Lease. In no event shall Tenant be entitled to any excess rent received by Landlord.
Application of Rent. The Authority covenants to use and apply Annual Rent to payment of debt service of the Bonds, Operating Costs, deposits to required reserve accounts and other appropriate purposes pertaining to the Facilities and/or the Bonds all as provided in the Bond Resolution.
