Common use of Lock Box Clause in Contracts

Lock Box. Landlord may from time to time designate a lock box collection agent for the collection of Rent due Landlord. In such event, the date of payment shall be the date of receipt by the lock box collection agent of such payment (or the date of collection of any such sum if payment is made in the form of a negotiable instrument thereafter dishonored upon presentment); however, for the purposes of this Lease, no such payment or collection shall be deemed "accepted" by Landlord if an Event of Default shall then have occurred, and if landlord thereafter remits a check payable to Tenant in the amount received by the lock box collection agent within twenty-one (21) days after the amount sent by the Tenant is received by the lock box collection agent or, in the case of a dishonored instrument, within twenty one (21) days after collection. Neither the negotiation of Tenant's negotiable instrument by the lock box collection agent, nor the possession of the funds by Landlord during the twenty-one (21) day period, nor the return of any such sum to Tenant shall be deemed to be inconsistent with the rejection of Tenant's tender of such payment for all purposes as of the date of Landlord's lock box collection agent's receipt of such payment (or collection), nor shall any of such events be deemed to be a waiver of any breach by Tenant of any terms, covenant or conditions of this Lease nor a waiver of any of Landlord's rights or remedies.

Lock Box. Landlord may from time to time designate a lock box collection agent for the collection of Rent rents or other charges due Landlord. In such event, the date of payment shall be the date of receipt by the lock box collection agent of such payment (or the date of collection of any such sum if payment is made in the form of a negotiable instrument thereafter dishonored upon presentment); however, for the purposes of this Lease, no such payment or collection shall be deemed "accepted" by Landlord if an Event of Default shall then have occurred, and if landlord Landlord thereafter remits a check payable to Tenant in the amount received by the lock box collection agent within twenty-twenty one (21) days after the amount sent by the Tenant is received by the lock box collection agent or, in the case of a dishonored instrument, within twenty one (21) days after collection. Neither the negotiation of Tenant's negotiable instrument by the lock box collection agent, nor nor, the possession of the funds by Landlord during the twenty-twenty one (21) day period, nor the return of any such sum to Tenant shall be deemed to be inconsistent with the rejection of Tenant's tender of such payment for all purposes as of the date of Landlord's lock box collection agent's receipt of such payment (or collection), nor shall any of such events be deemed to be a waiver of any breach by Tenant of any terms, covenant or conditions condition of this Lease nor a waiver of any of Landlord's rights or remedies.

Lock Box. Landlord may from time to time designate a lock box collection agent for the collection of Rent rents or other charges due Landlord. In such event, the date of payment shall be the date of receipt by the lock box collection agent of such payment (or the date of collection of any such sum if payment is made in the form of a negotiable instrument thereafter dishonored upon presentment); however, for the purposes of this Lease, no such payment or collection shall be deemed "accepted" by Landlord if an Event of Default shall then have occurred, and if landlord Landlord thereafter remits a check payable to Tenant in the amount received by the lock box collection agent within twenty-one (21) days after the amount sent by the Tenant is received by the lock box collection agent or, in the case of a dishonored instrument, within twenty one (21) 21 days after collection. Neither the negotiation of Tenant's negotiable instrument by the lock box collection agent, nor the possession of the funds by Landlord during the twenty-one (21) day period, nor the return of any such sum to Tenant shall be deemed to be inconsistent with the rejection of Tenant's tender of such payment for all purposes as of the date of Landlord's lock box collection agent's receipt of such payment (or collection), nor shall any of such events be deemed to be a waiver of any breach by Tenant of any terms, covenant covenants or conditions of this Lease nor a waiver of any of Landlord's rights or remedies.

Lock Box. Landlord may from time to time designate a lock box collection agent for the collection of Rent rents or other charges due Landlord. In such event, the date of payment shall be the date of receipt by the lock box collection agent of such payment (or the date of collection of any such sum if payment is made in the form of a negotiable instrument thereafter dishonored upon presentment); however, for the purposes of this Lease, no such payment or collection shall be deemed "“accepted" ” by Landlord if an Event of Default shall then have occurred, and if landlord Landlord thereafter remits a check payable to Tenant in the amount received by the lock box collection agent within twenty-one (21) days after the amount sent by the Tenant is received by the lock box collection agent or, in the case of a dishonored instrument, within twenty one (21) 21 days after collection. Neither the negotiation of Tenant's ’s negotiable instrument by the lock box collection agent, nor the possession of the funds by Landlord during the twenty-one (21) day period, nor the return of any such sum to Tenant shall be deemed to be inconsistent with the rejection of Tenant's ’s tender of such payment for all purposes as of the date of Landlord's ’s lock box collection agent's ’s receipt of such payment (or collection), nor shall any of such events be deemed to be a waiver of any breach by Tenant of any terms, covenant covenants or conditions of this Lease nor a waiver of any of Landlord's ’s rights or remedies.