Common use of Application of Rent Payments Clause in Contracts

Application of Rent Payments. Tenant waives all rights that it may have under present or future law to designate the items to which any payments made by Tenant are to be credited. Tenant agrees that Landlord may apply any payments made by Tenant to such items as Landlord sees fit, irrespective of any designation or request by Tenant as to the items to which such payments should be credited.

Application of Rent Payments. Tenant waives all rights that it may have under present or future law to designate the items to which any payments made by Tenant are to be credited. Tenant agrees that Landlord may apply any payments made by Tenant to such items then due and payable under this Lease as Landlord sees fit, irrespective of any designation or request by Tenant as to the items to which such payments should be credited.