Common use of Process for Payment Clause in Contracts

Process for Payment. Each monthly installment of Base Rent shall be payable in advance on the first (1st) day of each calendar month during the Term, except that Base Rent for the first (1st) full month of the Term following the Commencement Date shall be prepaid upon the execution of this Sublease by Subtenant and will be credited against the first (1st) installment of Base Rent due under this Sublease. If the Term commences or ends on a day other than the first (1st) day of a calendar month, then the Base Rent for the month in which this Sublease commences or ends shall be prorated (and paid at the beginning of each such month) by the number of days this Sublease is in effect during such month based upon a thirty (30) day month, and such partial month’s installment shall be paid no later than the commencement of the subject month. In addition, to the Base Rent, Subtenant agrees to pay Additional Rent (as defined in Section 5 below) as and when the same is due. All “Rent” (which shall include Base Rent, Additional Rent and other sums due to Sublandlord) shall be paid to Sublandlord, without prior demand and without any deduction, offset, counterclaim or abatement, in lawful money of the United States of America, via electronic funds transfer to: Bank Name: Silicon Valley Bank ABA Routing Number: Account Name: Okta, Inc. Account Number: or to such other person or at such other place as Sublandlord may from time to time designate in writing. Subtenant’s covenant to pay Rent shall be independent of every other covenant in this Sublease.

Process for Payment. Each monthly installment of Base Rent shall be payable in advance on the first (1st) day of each calendar month during the Term, except that Base Rent for the First Increment for the first (1st) full month of for which Base Rent is due therefor (i.e., the Term first full month following the Commencement Date Abatement Period) shall be prepaid paid upon the execution Subtenant’s receipt of this Sublease by Subtenant Master Landlord’s Consent and will be credited against the first (1st) installment installment(s) of Base Rent due under this SubleaseSublease (which, for the avoidance of doubt, will, after application of the $260,000 credit under Section 4.2.2, be in the aggregate amount of $972,308). If the Term commences or ends on a day other than the first (1st) day of a calendar month or ends on a day other than the last day of a calendar month, then the Base Rent for the month in which this Sublease commences or ends shall be prorated (and paid at the beginning of each such month) by the number of days this Sublease is in effect during such month based upon a thirty (30) day month, and such partial month’s installment shall be paid no later than the commencement of the subject such month. In addition, addition to the Base Rent, Subtenant agrees to pay Additional Rent (as defined in Section 5 below5) as and when the same is due. All “Rent” (which shall include Base Rent, Additional Rent and other sums due to Sublandlord) shall be paid to Sublandlord, without prior demand and without any deduction, offset, counterclaim or abatement, in lawful money of the United States of America, via electronic funds transfer to: Bank Name: Silicon Valley Bank SWIFT: ABA Routing Number: Account Name: Okta, Inc. Account Number: or to such other person or at such other place as Sublandlord may from time to time designate in writing. Subtenant’s covenant to pay Rent shall be independent of every other covenant in this Sublease.