rant Payment Sample Clauses
A Rent Payment clause defines the tenant's obligation to pay rent to the landlord under a lease agreement. It typically specifies the amount of rent due, the frequency and method of payment, and any penalties for late payment. For example, the clause may require monthly payments via bank transfer and outline late fees if payment is not received on time. The core function of this clause is to ensure both parties are clear on the financial terms of the lease, reducing the risk of disputes over payment.
rant Payment. Provided Grantee is in compliance with the terms of this Agreement, Impact 100 NYC will pay the Grant funds for the Grant Project in installments as follows: . Installment payments may be withheld in the event of delays in completing the Grant Project as defined and described in paragraph 1B herein and/or a breach of any of the terms of this Agreement by Grantee.