Contraction Fee Sample Clauses

POPULAR SAMPLE Copied 2 times
Contraction Fee. The Tenant is obligated to pay to the Landlord the sum of One Hundred and Twelve Thousand, Four Hundred and Seventy Four and 08/100 Dollars ($112,474.08), which is the Contraction Fee due and computed in accordance with Article IV C of the Second Amendment. The Contraction Fee is due and payable to the Landlord ten (10) days after the Effective Date.
View Source
Contraction Fee. Tenant's notice of contraction must be accompanied by Tenant's good bank check or other payment acceptable to Landlord in an amount equal to the aggregate of (i) three monthly payments of Minimum Rent for the portion of the Premises with respect to which Tenant is terminating this Lease (pro rated on a per Rentable Square Foot basis) (which sum shall not be credited to Minimum Rent owing under this Lease), plus (ii) three monthly payments on account of Tenant's Tax Share and Tenant's Expense Share in the amounts Tenant is then paying as additional rent for the portion of the Premises with respect to which Tenant is terminating this Lease (pro rated on a per Rentable Square Foot basis) (which payments shall not be credited to Tenant's Tax Share or Tenant's Expense Share), plus
View Source
Contraction Fee. Pursua nt to Section 2.1.2 of the Lease, on or before the Su1Tender Date, Tenant shall deliver to Landl ord good funds equal to t he Contraction Fee, which Contraction Fee Land lcml and Tenant acknowledge is in the amount of One Million Three Hund red Ni nety-Si x Thousand rive H undred Sixty-Nine and 00/1 00 Dolla rs ($1 ,396,569.00).
View Source
Contraction Fee. Tenant shall pay Landlord a fee (the “Contraction Fee”) equal to the unamortized amount of the tenant improvement allowance, brokers’ commissions and legal fees paid by Landlord in connection with the Contraction Space amortized over the scheduled portion of the initial Term of this Lease with respect to the Contraction Space, utilizing a 7% per annum interest rate. The Contraction Fee shall be paid on or before the Contraction Date. Notwithstanding the foregoing, Tenant may elect to instead pay the Contraction Fee to Landlord as additional rent over the balance of the initial Term, by written notice to Landlord prior to the Contraction Date. If Tenant so elects to pay the Contraction Fee over the balance of the initial Term, the amount of the Contraction Fee will be amortized on a straight-line basis over the period commencing on the Contraction Date and expiring on the Expiration Date (not including any extension of that date pursuant to the First Extension Option (as hereinafter defined)), with interest on the principal balance from time to time outstanding at seven percent (7%) per annum, compounded, and shall be paid by Tenant in equal monthly installments at the same time and in the same manner as Monthly Base Rent. Upon the early termination of the Term for any reason, the entire unpaid principal balance of the Contraction Fee and all accrued and unpaid interest thereon shall immediately become due and payable. Upon Tenant’s written request at any time, Landlord shall promptly thereafter notify Tenant of the Contraction Fee for any applicable Contraction Space (including showing Landlord’s calculation of such amount(s)), provided all components for determination of such fee are then known.
View Source

Related to Contraction Fee

  • Construction Fee A fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitations on a Property.

  • Origination Fee The Borrower shall pay the Lender a fully earned and non-refundable origination fee of $50,000, due and payable upon the execution of this Agreement.

  • CONTRACT FEE An annual charge for administration expenses made on each contract anniversary prior to the Maturity Date.

  • Transaction Fee In connection with the creation or redemption of Creation Units, the Transfer Agent shall charge, and the Participant agrees to pay to the Transfer Agent, the Transaction Fee prescribed in the Prospectus and such additional amounts as may be prescribed pursuant to the Prospectus. Such Transaction Fee and additional amounts, if any, shall be included in the calculation of the Cash Component or Cash Redemption Amount payable or to be received, as the case may be, by the Participant in connection with the creation or redemption order.

  • Modification Fee In consideration of the Lenders amending the Loan Agreement as provided herein, each Borrower jointly and severally agrees to pay to the Agent for the account of each Lender approving this Amendment (which approval is evidenced by its signature below) a modification fee in an amount equal to one-half of one percent (0.50%) of such Lender’s Commitment.