Collection of Rent and Other Sums Sample Clauses

Collection of Rent and Other Sums. Manager shall supervise the collection by the third-party or Affiliate managing agents of all fixed rent, additional rent and other sums payable by tenants of the Properties or portions thereof, and review the accounts of the third-party or Affiliate managing agents in respect of all items of income and expense of the Properties. Manager shall arrange for the deposit of all such income not required by the third-party or Affiliate managing agent to pay recurring or budgeted expenses to be deposited in the bank account established by Manager and described in Subsection 4.3.6. Manager shall use diligent efforts to insure that all necessary steps are taken with respect to the enforcement on behalf of the Fund of any and all rights and remedies of the Fund under the leases, including, but not limited to, the giving of all notices, whether of default or of intention to end the term of a lease or otherwise, which in the judgment of Manager are desirable or proper for the protection of the interests of the Fund.
Sample 1
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Collection of Rent and Other Sums. Advisor shall collect (or supervise the collection by any third-party managing agents engaged pursuant to Section 3.2.2 hereof) all fixed rent, percentage rent, additional rent and other sums payable by tenants of the Properties or portions thereof and shall review the accounts of any third-party managing agents in respect of all items of income and expense of each Property. All rents and other funds received with respect to the Properties shall be deposited in an account opened in the name of AGAR or an affiliate thereof at a financial institution approved by AGAR, and such rent and other funds shall not be commingled with Advisor's funds or the funds of any other client of Advisor. Advisor agrees (and shall instruct any third-party managing agents engaged) that no sums collected from the Properties shall be deposited in interest-bearing accounts, and all cash management activities for the Properties, whether handled by Advisor or by a third-party managing agent, shall be conducted in compliance with the provisions of EXHIBIT E hereto (which EXHIBIT describes cash management procedures which AGAR is satisfied will be in compliance with the rules and principles of the Sharx'x). Advisor shall use its best efforts to ensure that all necessary steps are taken with respect to the enforcement on behalf of AGAR of any and all rights and remedies of AGAR under any leases, including, but not limited to, the giving of all notices, whether of default or of intention to end the term of a lease or otherwise, which in the judgment of Advisor are desirable or proper for the protection of the interests of AGAR. Advisor shall not commence, or cause any third-party property manager to commence, any legal action or to take any step to terminate any lease, that, if such lease were being entered as a new lease, would require AGAR's prior approval, without first obtaining the written approval of AGAR.
Sample 1

Related to Collection of Rent and Other Sums

  • Rent and Other Charges Base Rent, Operating Expenses, and any other amounts which Tenant is or becomes obligated to pay Landlord under this Lease or other agreement entered in connection herewith, are sometimes herein referred to collectively as "Rent," and all remedies applicable to the non-payment of Rent shall be applicable thereto. Rent shall be paid at any office maintained by Landlord or its agent at the Property, or at such other place as Landlord may designate.

  • Rent and Other Charges Payable by Tenant See below. ----------------------------------------

  • Utilities and Other Services Tenant shall be liable for and shall pay directly all charges, fees and amounts (together with any applicable penalties, late charges, taxes or assessments thereon) when due for water, gas, electricity, air conditioning, heat, septic, sewer, refuse collection, telephone and any other utility charges or similar items in connection with the use or occupancy of the Leased Property. Landlord shall not be responsible or liable in any way whatsoever for the quality, quantity, impairment, interruption, stoppage, or other interference with any utility service, including, without limitation, water, air conditioning, heat, gas, electric current for light and power, telephone, or any other utility service provided to or serving the Leased Property or any damage or injury caused thereby. No such interruption, termination or cessation of utility services shall relieve Tenant of its duties and obligations pursuant to this Lease, including, without limitation, its obligation to pay all Rent as and when the same shall be due hereunder.

  • Royalties and Other Payments A. For the rights, privileges and exclusive license granted hereunder, Licensee shall pay to CMCC the following amounts in the manner hereinafter provided. Unless expressly stated otherwise in this Agreement, periodic payment obligations listed below shall endure through the Term of this Agreement, unless this Agreement shall be sooner terminated as hereinafter provided.

  • Expenses and Other Payments (a) Except as otherwise provided in this Section 8.3, each party shall pay its own expenses incident to preparing for, entering into and carrying out this Agreement and the consummation of the Transactions, whether or not the Merger shall be consummated.

  • Administrative and Other Services (a) Subadviser will, at its expense, furnish (i) all necessary investment and management facilities, including salaries of personnel required for it to execute its duties faithfully, and (ii) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the investment affairs of the Fund (excluding determination of net asset values and shareholder accounting services).

  • Fees and Other Charges (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date.

  • Commissions and Other Charges (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect on the date of issuance of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Date.

  • Taxes and Other Payments 7.1. Unless otherwise specifically provided for in this Agreement, the Company shall not be liable for the payment of taxes or other payments for which the Employee is responsible as result of this Agreement or any other legal provision, and the Employee shall be personally liable for such taxes and other payments.

  • Improper and Other Payments (a) Neither the Company, any director, officer, employee thereof, nor any agent or representative of the Company nor any person acting on behalf of any of them, has made, paid or received any unlawful bribes, kickbacks or other similar payments to or from any person or authority, (b) no contributions have been made, directly or indirectly, by the Company to a domestic or foreign political party or candidate; and (c) the internal accounting controls of the Company are believed by the Company’s management to be adequate to detect any of the foregoing under current circumstances.

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