Common use of Exercise of Option, Offset Amounts and Credits Clause in Contracts

Exercise of Option, Offset Amounts and Credits. If Tenant exercise its option to lease the Properties or any portion thereof under the Third and Separate Montalva Lease Option Agreement, then any and all Lease Option Payments made in accordance with the Third and Separate Montalva Lease Option Agreement and Amendments by Tenant, together with any and all payments made in accordance with this Amendment No. 5, shall be applied as an offset and reduction of the Annual Rent payments as such payments and offset provisions are set forth in the Third and Separate Montalva Lease Option Agreement. Any payment of late fees under Articles 3 or 4, shall not apply as offset and reduction of the Annual Rent. If subsequent to this Agreement, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.

Exercise of Option, Offset Amounts and Credits. If Tenant exercise its option to lease the Properties or any portion thereof under the Third and Separate Montalva Lease Option Agreement, then any and all Lease Option Payments made in accordance with the Third and Separate Montalva Lease Option Agreement and Amendments by Tenant, together with any and all payments made in accordance with this Amendment No. 56, shall be applied as an offset and reduction of the Annual Rent payments as such payments and offset provisions are set forth in the Third and Separate Montalva Lease Option Agreement. Any payment of late fees under Articles 3 or 4, shall not apply as offset and reduction of the Annual Rent. If subsequent to this Agreement, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.

Exercise of Option, Offset Amounts and Credits. If Tenant exercise its option to lease the Properties or any portion thereof under the Third Second and Separate Montalva Lease Option Agreement, then any and all Lease Option Payments made in accordance with the Third Second and Separate Montalva Lease Option Agreement and Amendments by Tenant, together with any and all payments made in accordance with this Amendment No. 5, shall be applied as an offset and reduction of the Annual Rent payments as such payments and offset provisions are set forth in the Third Second and Separate Montalva Lease Option Agreement. Any payment of late fees under Articles Article 3 or 4, shall not apply as offset and reduction of the Annual Rent. If subsequent to this Agreement, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.

Exercise of Option, Offset Amounts and Credits. If Tenant exercise its option to lease the Properties Property or any portion thereof under the Third Fourth and Separate Montalva Lease Option Agreement, then any and all Lease Option Payments made in accordance with the Third Fourth and Separate Montalva Lease Option Agreement and Amendments by Tenant, together with any and all payments made in accordance with this Amendment No. 5, shall be applied as an offset and reduction of the Annual Rent payments as such payments and offset provisions are set forth in the Third Fourth and Separate Montalva Lease Option Agreement. Any payment of late fees under Articles Article 3 or 4, shall not apply as offset and reduction of the Annual Rent. If subsequent to this Agreement, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.

Exercise of Option, Offset Amounts and Credits. If Tenant exercise its option to lease the Properties or any portion thereof under the Third and Separate Montalva Lease Option Agreement, then any and all Lease Option Payments made in accordance with the Third and Separate Montalva Lease Option Agreement and Amendments by Tenant, together with any and all payments made in accordance with under this Amendment No. 57 for Parcel No. 1, and any purchase option payments made for Parcel No. 6 which "qualify" for offset of the Parcel No. 6 land purchase price, shall be applied as an offset and reduction of the Annual Rent payments as such payments and offset provisions are set forth in the Third and Separate Montalva Lease Option Agreement. Any payment of late fees under Articles 3 or 4, shall not apply as offset and reduction of the Annual Rent. If subsequent to this AgreementAmendment, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.

Exercise of Option, Offset Amounts and Credits. If Tenant exercise its option to lease the Properties Property or any portion thereof under the Third Fourth and Separate Montalva Lease Option Agreement, then any and all Lease Option Payments made in accordance with the Third Fourth and Separate Montalva Lease Option Agreement and Amendments by Tenant, together with any and all payments made in accordance with this Amendment No. 56, shall be applied as an offset and reduction of the Annual Rent payments as such payments and offset provisions are set forth in the Third Fourth and Separate Montalva Lease Option Agreement. Any payment of late fees under Articles Article 3 or 4, shall not apply as offset and reduction of the Annual Rent. If subsequent to this Agreement, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.

Exercise of Option, Offset Amounts and Credits. If Tenant exercise its option to lease the Properties or any portion thereof under the Third Second and Separate Montalva Lease Option Agreement, then any and all Lease Option Payments made in accordance with the Third Second and Separate Montalva Lease Option Agreement and Amendments by Tenant, together with any and all payments made in accordance with this Amendment No. 56, shall be applied as an offset and reduction of the Annual Rent payments as such payments and offset provisions are set forth in the Third Second and Separate Montalva Lease Option Agreement. Any payment of late fees under Articles Article 3 or 4, shall not apply as offset and reduction of the Annual Rent. If subsequent to this Agreement, either Party's records indicate a discrepancy or errors in the record of Lease Option Payments made by Tenant which payments are applicable to offset, then the Parties shall work in good faith to adjust and correct said records.