Common use of Post-Dated Cheques Clause in Contracts

Post-Dated Cheques. The Tenant agrees to deliver to the Landlord upon occupancy pursuant to this Lease a series of post-dated cheques to cover the monthly installments of Gross Rent and Additional Rent for management hereinbefore reserved for the period ending December 31 in the year of the Commencement Date and thereafter prior to January 1 in each year of the Term a series of post-dated cheques to cover the monthly installments of Gross Rent and Additional Rent for Management for each ensuring calendar year or portion thereof of the Term of this Lease.