Consideration for Lease Sample Clauses
The 'Consideration for Lease' clause defines the payment or value exchanged by the tenant to the landlord in return for the right to occupy and use the leased property. Typically, this involves specifying the amount of rent, the payment schedule, and any additional fees or deposits required under the lease agreement. By clearly outlining the financial obligations of the tenant, this clause ensures both parties understand the terms of compensation, thereby reducing the risk of disputes over payment and establishing a clear basis for the lease relationship.
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Consideration for Lease. If the units constructed at the Project are for tenant occupancy, the Borrower covenants and agrees not to require as a condition of the occupancy or leasing of any dwelling unit in the Project and not to accept nor allow any employee or agent to accept any consideration other than the prepayment of the first month's rent plus a security deposit not in excess of one (1) month's rent to guarantee the performance of the covenants of the lease or occupancy agreement.
Consideration for Lease. In consideration for the Lease of the Property, Lessee agrees to pay Lessor a pipeline lease fee of $9,000 per month, payable by the 10th day of each month (or if not a business day then on the next business day following the 10th) during the term of the Pipeline Lease Agreement.
Consideration for Lease. The consideration for this Lease shall be entering into the Digester Agreement and other good and valuable consideration, including, but not limited to, the construction of buildings and improvements on the Subject Property. Lessee will not be liable for any rental payment in relation to the Subject Property, other than the payments for taxes and utilities stated in Sections 4 and 5 herein.
Consideration for Lease. 2.1 In consideration of the leasehold rights in the Leased Property and of the covenants, conditions and stipulations hereinafter contained and subject to the respective Parties’ performance of its obligations herein, NMDC shall pay to PDPL a one-time non-refundable lease premium aggregating to INR 400,00,00,000 (Indian Rupees Four Hundred Crores only) (“Lease Premium”) in the following manner:
(a) taking over the liability with respect to payment of the loan amount of INR 375,00,00,000 (Indian Rupees Three Hundred Seventy-Five Crores only), which was borrowed by PDPL from A▇▇▇▇▇ ▇▇▇▇▇ Finance Limited, which has been assigned by PDPL to NMDC vide a novation agreement dated ______;
(b) NMDC shall pay INR 25,00,00,000 (Indian Rupees Twenty Five Crores only) to PDPL on or before 31st March, 2021.
2.2 Further, NMDC shall pay a lease rent of INR 5 (Indian Rupees Five only) per square meter of the Leased Property every year (“Rent”) for the Leased Property. The Rent will increase by 5% (five percent) every year from the anniversary date of this Agreement (each a “Reset Date”). The Rent, subject to deduction of tax at source (TDS) under Section 194-1 of the Income Tax Act, 1961, or other applicable law as may be in force from time to time, shall be paid within 15 (fifteen) days of the Handover Date and thereafter within 15 (fifteen) days of each Reset Date.
2.3 PDPL shall be responsible for payment of applicable income taxes, if any, on the Lease Premium in accordance with the law.
2.4 All other taxes, duties, levies, municipal tax, cess or other charges and other outgoings, if any, in respect of the Leased Property shall be paid by NMDC without any recourse to PDPL from the date of execution of this Agreement.
Consideration for Lease. 4.1 In consideration of the lease hereby granted and subject to the respective Parties’ performance of its obligations herein, the Lessor acknowledges that the total consideration of lease premium to be paid by Lessee is of INR 4,74,00,00,000/- (Indian Rupees Four Hundred Seventy Four Crore only) for the Leased Property (“Lease Premium”), to be made by bank transfers, from the Lessee, toward the following:
(a) Lessor acknowledges payment of Lease Premium of INR 4,50,00,00,000/- (Indian Rupees Four Hundred Fifty Crore only) through bank transfer as specified in Schedule III towards lease of the building called ‘New Castle’ comprising of 16 upper floors as per office building specifications, as specified in Schedule II hereto;
(b) L▇▇▇▇▇ agrees accepts and confirms that a Lease Premium of INR 24,00,00,000/- (Indian Rupees Twenty Four Crore only) towards lease of the SEZ Land more particularly described in Schedule 1 hereunder shall be paid on or before execution of the Lease Deed.
4.2 The Lessor shall be responsible for payment of applicable income taxes, if any, on the Lease Premium and Rent, in accordance with the Applicable Law.
4.3 All other taxes, duties, levies, municipal tax, cess or other charges and other outgoings, if any, in respect of the Leased Property shall be paid by the Lessee without any recourse to the Lessor from the date of execution of this Deed until termination.
Consideration for Lease. As consideration for this sublease, SUBLESSEE hereby agrees to SUBLESSOR’s Division of Blind Services (“DIVISION”) cash payments and in-kind services as follows:
A. CASH CONSIDERATION. SUBLESSEE will pay the DIVISION $25,000 per year in equal monthly installments of $2,083.33. Payments shall be due to the DIVISION on the first of each month in advance—with the first payment due on _ _, to be known as the “Payment Commencement Date”—or the first business day thereafter if the payment date falls on a weekend or holiday, and ending at the conclusion of the sublease term. Payment shall be deemed delinquent and subject to a 5% late payment if not paid within 10 days of the due date.
Consideration for Lease. (a) In consideration for the Lease Water which is the subject of this Lease, for all Community CAP Water delivered pursuant to this Lease, the CAWCD shall pay to the Community the sum of Two Hundred, Ninety Dollars and 00/100 ($290.00) per acre-foot for the Lease Water (hereinafter “Water Use Charge”) for total Water Use Charges of $145,000.00 (500 acre-feet x $290.00).
(b) CAWCD shall pay the Water Use Charge for Lease Water to the Community in full within thirty (30) days after the Effective Date.
Consideration for Lease. The consideration for Tenant's use of the Premises shall be comprised of the following, in addition to the consideration described in the Basic Lease Information: (i) Tenant will pay, as Additional Charges, $150.00 per month as Tenant's contribution for expenses paid or incurred by Landlord in connection with the ownership, operation, maintenance, repair and management of the common areas, including but not limited to the sidewalks, walkways, driveways, curbs, lighting systems and security services, throughout Treasure Island; (ii) Tenant shall maintain the Premises as a sailing center facility; (iii) Tenant shall use the Premises for the public purposes described in Section 6 of this Lease and Section 6.1(a) of the Addendum to Lease, and for no other purposes; (iv) Tenant shall pay any and all charges, costs and expenses related to its use, occupancy, operation or enjoyment of the Premises or any Alterations permitted by Landlord thereon, including, without limitation, the cost of any utilities, taxes, insurance, maintenance, repairs, equipment or services, and (v) Tenant shall expend any Net Revenues (as defined in below) on the improvement, upkeep or maintenance of the Premises, as provided in Section 8 of this Lease. For purposes of this Lease, "Net Revenues" shall mean any and all use fees, rentals (Tenant shall not be allowed to store boats or other watercrafts not belonging to TISC), income, revenue, compensation or other consideration generated from Tenant's use or operation of the Premises, after the payment of reasonable costs incurred in connection therewith; and in any event excluding revenues generated through the operation of any snack stand and/or sponsorship revenues.”
Consideration for Lease. Consideration for County’s lease of the Park Property from the District shall include: (a) The County having completed the construction of River Parkway in furtherance of Section of the Interagency Cooperation Agreement; (b) District’s shared use of certain amenities located at the Regional Park pursuant to the terms set forth in this Lease in Section 5.2 and 5.3; (c) County’s agreement to the daily closure of the ▇▇▇▇ Road Closure Area as defined in the Interagency Cooperation Agreement as memorialized in San Benito County Board of Supervisors Resolution No. 2016-90 which may be amended or supplemented in conjunction with the approval of this Lease; (d) County’s continued cooperation to consummate the permanent closure of the ▇▇▇▇ Road Closure Area in furtherance of the obligations under the Interagency Cooperation Agreement.
Consideration for Lease