Common use of Lock Box Agent/Rent Collection Agent Clause in Contracts

Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent by written notice thereof to Tenant. Tenant’s payment of Rent to the lock box collection agent or other person in accordance with such notice from Landlord shall fully satisfy Tenant’s obligations to make such payment to Landlord (Landlord hereby expressly authorizing Tenant to make such payments in accordance with such notice), and such payment is deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s payment (if the payment is not dishonored for any reason); or (b) if Tenant’s payment is dishonored for any reason, the date of such dishonor. If Tenant pays any amount to the lock box collection agent or other person other than the actual amount due Landlord, then (x) Landlord’s or Landlord’s agent’s receipt or collection of such amount does not constitute an accord and satisfaction, (y) Landlord is not prejudiced in collecting the proper amount due Landlord (or in pursuing any rights or remedies available under this Lease, at law or in equity as a result of Tenant’s failure to pay the full amount when due), and (z) Landlord may retain the proceeds of any such payment, whether restrictively endorsed or otherwise, and apply the same toward amounts due and payable by Tenant under this Lease.

Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent by written notice thereof to TenantRent. In such event, Tenant’s payment of Rent to the lock box collection agent or other person in accordance with such notice from Landlord shall fully satisfy Tenant’s obligations to make such payment to Landlord (Landlord hereby expressly authorizing Tenant to make such payments in accordance with such notice), and such payment is deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s payment (if the payment is not dishonored for any reason); or (b) if Tenant’s payment is dishonored for any reason, the date Landlord or Landlord’s agent collects the payment. Neither Tenant’s payment of any amount of Rent to the lock box collection agent or other person nor Landlord’s or Landlord’s agent’s collection of such dishonoramount if the payment is dishonored constitutes Landlord’s waiver of any default by Tenant in the performance of Tenant’s obligations under this Lease or Landlord’s waiver of any of Landlord’s rights or remedies under this Lease. If Tenant pays any amount to the lock box collection agent or other person other than the actual amount due Landlord, then (x) Landlord’s or Landlord’s agent’s receipt or collection of such amount does not constitute an accord and satisfaction, (y) Landlord is not prejudiced in collecting the proper amount due Landlord (or in pursuing any rights or remedies available under this Lease, at law or in equity as a result of Tenant’s failure to pay the full amount when due), and (z) Landlord may retain the proceeds of any such payment, whether restrictively endorsed or otherwise, and apply the same toward amounts due and payable by Tenant under this Lease.

Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent by written notice thereof to TenantRent. In such event, Tenant’s payment of Rent to the lock box collection agent or other person in accordance with such notice from Landlord shall fully satisfy Tenant’s obligations to make such payment to Landlord (Landlord hereby expressly authorizing Tenant to make such payments in accordance with such notice), and such payment is deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s payment (if the payment is not dishonored for any reason); or (b) if Tenant’s payment is dishonored for any reason, the date Landlord or Landlord’s agent collects the payment. Neither Tenant’s payment of any amount of Rent to the lock box collection agent or other person nor Landlord’s or Landlord’s agent’s collection of such dishonoramount if the payment is dishonored constitutes Landlord’s waiver of any default by Tenant in the performance of Tenant’s obligations under this Lease or Landlord’s waiver of any of Landlord’s rights or remedies under this Lease. If Tenant pays any amount to the lock box collection agent or other person other than the actual amount due Landlord, then (x) Landlord’s or Landlord’s agent’s receipt or collection of such amount does not constitute an accord and satisfaction, (y) Landlord is not prejudiced in collecting the proper amount due Landlord (or in pursuing any rights or remedies available under this Lease, at law or in equity as a result of Tenant’s failure to pay the full amount when due), ) and (z) Landlord may retain the proceeds of any such payment, whether restrictively endorsed or otherwise, and apply the same toward amounts due and payable by Tenant under this Lease.

Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent by written notice thereof to TenantRent. In such event, Tenant’s payment of Rent to the lock box collection agent or other person in accordance with such notice from Landlord shall fully satisfy Tenant’s obligations to make such payment to Landlord (Landlord hereby expressly authorizing Tenant to make such payments in accordance with such notice), and such payment is deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s payment. Neither Tenant’s payment (of any amount of Rent to the lock box collection agent or other person nor Landlord’s or Landlord’s agent’s collection of such amount if the payment is not dishonored for constitutes Landlord’s waiver of any reason); or (b) if default by Tenant in the performance of Tenant’s payment is dishonored for obligations under this Lease or Landlord’s waiver of any reason, the date of such dishonorLandlord’s rights or remedies under this Lease. If Tenant pays any amount to the lock box collection agent or other person other than the actual amount due Landlord, then (x) Landlord’s or Landlord’s agent’s receipt or collection of such amount does not constitute an accord and satisfaction, (y) Landlord is not prejudiced in collecting the proper amount due Landlord (or in pursuing any rights or remedies available under this Lease, at law or in equity as a result of Tenant’s failure to pay the full amount when due), ) and (z) Landlord may retain the proceeds of any such payment, whether restrictively endorsed or otherwise, and Landlord shall apply the same toward amounts due and payable by Tenant under this Lease.

Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent by written notice thereof to TenantRent. In such event, Tenant’s payment of Rent to the lock box collection agent or other person in accordance with such notice from Landlord shall fully satisfy Tenant’s obligations to make such payment to Landlord (Landlord hereby expressly authorizing Tenant to make such payments in accordance with such notice), and such payment is deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s payment (if the payment is not dishonored for any reason); or (b) if Tenant’s payment is dishonored for any reason, the date Landlord or Landlord’s agent collects the payment. Neither Tenant’s payment of any amount of Rent to the lock box collection agent or other person nor Landlord’s or Landlord’s agent’s collection of such dishonoramount, if the payment is dishonored, constitutes Landlord’s waiver of any Event of Default by Tenant in the performance of Tenant’s obligations under this Lease or Landlord’s waiver of any of Landlord’s rights or remedies under this Lease. If Tenant pays any amount to the lock box collection agent or other person other than the actual amount due Landlord, then (x) Landlord’s or Landlord’s agent’s receipt or collection of such amount does not constitute an accord and satisfaction, (y) Landlord is not prejudiced in collecting the proper amount due Landlord (or in pursuing any rights or remedies available under this Lease, at law or in equity as a result of Tenant’s failure to pay the full amount when due)Landlord, and (z) Landlord may retain the proceeds of any such payment, whether restrictively endorsed or otherwise, and apply the same toward amounts due and payable by Tenant under this Lease.

Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent by written notice thereof to Rent. In such event, Tenant. Tenant’s 's payment of Rent to the lock box collection agent or other person in accordance with such notice from Landlord shall fully satisfy Tenant’s obligations to make such payment to Landlord (Landlord hereby expressly authorizing Tenant to make such payments in accordance with such notice), and such payment is deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s 's payment (if the payment is not dishonored for any reason); or (b) if Tenant’s 's payment is dishonored for any reason, the date Landlord or Landlord's agent collects the payment. Neither Tenant's payment of any amount of Rent to the lock box collection agent or other person nor Landlord's or Landlord's agent's collection of such dishonoramount if the payment is dishonored constitutes Landlord's waiver of any default by Tenant in the performance of Tenant's obligations under this Lease or Landlord's waiver of any of Landlord's rights or remedies under this Lease. If lf Tenant pays any amount to the lock box collection agent or other person other than the actual amount due Landlord, then (x) Landlord’s 's or Landlord’s 's agent’s 's receipt or collection of such amount does not constitute an accord and satisfaction, (y) Landlord is not prejudiced in collecting the proper amount due Landlord (or in pursuing any rights or remedies available under this Lease, at law or in equity as a result of Tenant’s 's failure to pay the full amount when due), ) and (z) Landlord may retain the proceeds of any such payment, whether restrictively endorsed or otherwise, and apply the same toward amounts due and payable by Tenant under this Lease.

Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent by written notice thereof to Rent. In such event, Tenant. Tenant’s 's payment of Rent to the lock box collection agent or other person in accordance with such notice from Landlord shall fully satisfy Tenant’s obligations to make such payment to Landlord (Landlord hereby expressly authorizing Tenant to make such payments in accordance with such notice), and such payment is deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s 's payment (if the payment is not dishonored for any reason); or (b) if Tenant’s 's payment is dishonored for any reason, the date Landlord or Landlord's agent collects the payment. Neither Tenant's payment of any amount of Rent to the lock box collection agent or other person nor Landlord's or Landlord's agent's collection of such dishonoramount if the payment is dishonored constitutes Landlord's waiver of any default by Tenant in the performance of Tenant's obligations under this Lease or Landlord's waiver of any of Landlord's rights or remedies under this Lease. If Tenant pays any amount to the lock box collection agent or other person other than the actual amount due Landlord, then (x) Landlord’s 's or Landlord’s 's agent’s 's receipt or collection of such amount does not constitute an accord and satisfaction, (y) Landlord is not prejudiced in collecting the proper amount due Landlord (or in pursuing any rights or remedies available under this Lease, at law or in equity as a result of Tenant’s failure to pay the full amount when due), and (z) Landlord may retain the proceeds of any such payment, whether restrictively endorsed or otherwise, and apply the same toward amounts due and payable by Tenant under this Lease.

Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent by written notice thereof to TenantRent. In such event, Tenant’s payment of Rent to the lock box collection agent or other person in accordance with such notice from Landlord shall fully satisfy Tenant’s obligations to make such payment to Landlord (Landlord hereby expressly authorizing Tenant to make such payments in accordance with such notice), and such payment is will be deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s payment (if the payment is not dishonored for any reason); or (b) if Tenant’s payment is dishonored for any reason, the date Landlord or Landlord’s agent collects the payment. If the payment is dishonored, neither Tenant’s payment of any amount of Rent to the lock box collection agent or other person nor Landlord’s or Landlord’s agent’s collection of such dishonoramount will constitute Landlord’s waiver of any default by Tenant in the performance of Tenant’s obligations under this Lease or Landlord’s waiver of any of Landlord’s rights or remedies under this Lease. If Tenant pays any amount to the lock box collection agent or other person other than the actual amount due to Landlord, then (x) Landlord’s or Landlord’s agent’s receipt or collection of such amount does (a) will not constitute an accord and satisfaction, (yb) Landlord is will not be prejudiced in collecting the proper amount due Landlord (or in pursuing any rights or remedies available under this Lease, at law or in equity as a result of Tenant’s failure to pay the full amount when due), and (zc) Landlord may retain the proceeds of any such payment, whether restrictively endorsed or otherwise, and apply the same toward amounts due and payable by Tenant under this Lease.