Counterclaim. If Landlord commences any proceedings for non-payment of rent (Minimum Annual Rent, Percentage Rent or additional rent), Tenant will not interpose any counterclaim of any nature or description in such proceedings. This shall not, however, be construed as a waiver of Tenant's right to assert such claims in a separate action brought by Tenant. The covenants to pay rent and other amounts hereunder are independent covenants and Tenant shall have no right to hold back, offset or fail to pay any such amounts for default by Landlord or any other reason whatsoever, it being understood and acknowledged by Tenant that Tenant's only recourse is to seek an independent action against Landlord.
Appears in 2 contracts
Samples: Lease (St John Knits Inc), Lease (Hotel Discovery Inc)
Counterclaim. If Landlord commences any proceedings for non-payment of rent (Minimum Annual Rent, Percentage Rent [CONFIDENTIAL] or additional rent), Tenant will not interpose any NON-COMPULSORY counterclaim of any nature or description in such proceedings. This shall not, however, be construed as a waiver of Tenant's right to assert such claims in a separate action brought by Tenant. The covenants to pay rent and other amounts hereunder are independent covenants and Tenant shall have no right to hold back, offset or fail to pay any such amounts for default by Landlord or any other reason whatsoever, it being understood and acknowledged by Tenant that Tenant's only recourse is to seek an independent action against Landlord.
Appears in 1 contract
Samples: Success Bancshares Inc
Counterclaim. If Landlord commences any proceedings for non-payment of rent (Minimum Annual Rent, Percentage Fixed Rent or additional rentAdditional Rent), Tenant will not interpose any counterclaim of any nature or description in such proceedings. This shall not, however, be construed as a waiver of Tenant's right to assert such claims in a separate action brought by Tenant. The covenants to pay rent Fixed Rent and other amounts hereunder are independent covenants and Tenant shall have no right to hold back, offset or fail to pay any such amounts for default by Landlord or any other reason whatsoever, it being understood and acknowledged by Tenant that Tenant's only recourse is to seek an independent action against Landlord.
Appears in 1 contract
Samples: Lease (Abovenet Communications Inc)
Counterclaim. If Landlord commences any proceedings for non-payment of rent (rent, Minimum Annual Monthly Rent, Percentage Rent or additional rent), rent Tenant will not interpose any counterclaim of any nature or description in such of proceedings. This shall not, however, be construed as a waiver of if Tenant's's right to assert such claims in a separate action brought by Tenant. The covenants to pay rent and other amounts amount hereunder are independent covenants and Tenant shall have no right to hold back, offset or fail to pay any such amounts for default by Landlord or any other reason whatsoever, it being understood and acknowledged by Tenant that Tenant's only recourse is to seek an independent action against Landlord.
Appears in 1 contract
Samples: University Hill Plaza Lease Agreement (Allstar Systems Inc)
Counterclaim. If Landlord commences any proceedings for non-payment of rent (Minimum Annual Rent, Percentage Rent or additional rent), Tenant will not interpose any counterclaim of any nature or description in such proceedings. This shall not, however, be construed as a waiver of Tenant's right to assert such claims in a separate action brought by Tenant. The covenants to pay rent and other amounts hereunder are independent covenants and Tenant shall have no right to hold back, offset or fail to pay any such amounts for default by Landlord or any other reason whatsoever, it being understood and acknowledged by Tenant that Tenant's only recourse is to seek an independent action against Landlord.
Appears in 1 contract
Samples: Havana Republic Inc/Fl