No Rent; Consideration Clause Samples
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No Rent; Consideration. Tenant shall not be obligated to pay rent to Landlord, it being understood and agreed that the consideration for this Lease is Tenant’s agreement to perform its obligations under the Contract Research Agreement and this Lease. [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
No Rent; Consideration. The Parties acknowledge and agree that (a) Tenant shall not pay any rent during the Lease Term for the Leasehold Interest and (b) Tenant’s payment for the development of the Public Facilities in the minimum amount of $47,712,500 constitutes good and sufficient consideration for the Leasehold Interest of Tenant granted pursuant to this Lease.