Common use of Rent and Other Payments Clause in Contracts

Rent and Other Payments. Lessee shall pay the advance rentals due under this Lease as stated above upon signing this Lease. All such amounts shall be non-refundable. Monthly rent payments due after the first month's rent shall be payable on the "Payment Due Date" to be determined by Lessor or on the first business day thereafter if a Payment Due Date falls on a non-business day. Lessee agrees to pay to Lessor a service charge of $10 or 10% of the amount that is late, whichever is more, not to exceed the maximum amount permitted by law, on any payment due under this Lease which is not paid within five days of the Payment Due Date. Lessee shall pay all sales, use, excise, personal property, stamp, documentary, and ad valorem taxes, licenses and registration fees, assessments, fines, penalties, and other charges imposed on the ownership, possession or use of the Equipment during the term of this Lease, and Lessee shall pay all taxes (except income taxes imposed on Lessor) with respect to the rental payment hereunder, and shall, with the next scheduled payment reimburse Lessor for any taxes paid by advanced by Lessor. Lessee's obligation to pay such taxes, fees, assessments, fines, penalties, and other charges shall survive termination of the Lease. Lessee agrees that Lessor may adjust the rent payment proportionally up or down if the actual cost of the Equipment exceeds or is less than the amount stated in the Lease. All payments under this Lease shall be made to Lessor at the address set forth above or at any other address Lessor subsequently gives to Lessee for purposes of making payment. In the event of default, payments made under the Lease may be applied to Lessee's obligation to Lessor in any order Lessor chooses.

Appears in 1 contract

Samples: Business Lease Agreement (Interactive Telesis Inc)

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Rent and Other Payments. Lessee shall pay the advance rentals due under this Lease as stated above upon signing this Lease. All such amounts shall be non-refundable. Monthly rent payments due after the first month's rent shall be payable on the "Payment Due Date" to be determined by Lessor or on the first business day thereafter if a Payment Due Date falls on a non-business day. Lessee agrees to pay to Lessor a service charge of $10 or 105% of the amount that is lateper month, whichever is more, but not to exceed the maximum amount permitted by law, on any payment due under this Lease which is not paid within five days of the Payment Due Date. Lessee shall pay all sales, use, excise, personal property, stamp, documentary, and ad valorem taxes, licenses and registration fees, assessments, fines, penalties, and other charges imposed on the ownership, possession possession, or use of the Equipment during the term of this Lease, and Lessee shall pay all taxes (except income taxes imposed on Lessor) with respect to the rental payment hereunder, and shall, with the next scheduled payment reimburse Lessor for any taxes paid by advanced by Lessor. Lessee's obligation to pay such taxes, fees, assessments, fines, penalties, and other charges shall survive termination of the Lease. Lessee agrees that Lessor may adjust the rent payment proportionally up or down if the actual cost of the Equipment exceeds or is less than the amount stated in the Lease. All payments under this Lease shall be made to Lessor at the address set forth above or at any other address Lessor subsequently gives to Lessee for purposes of making payment. In the event of default, payments made under the Lease may be applied to Lessee's obligation to Lessor in any order Lessor chooses.

Appears in 1 contract

Samples: Business Lease Agreement (Interactive Telesis Inc)

Rent and Other Payments. Lessee shall pay the advance rentals due under this Lease the Lease, as stated above above, upon signing this the Lease. All such amounts shall be non-refundable. Monthly rent payments due after the first month's rent shall be payable on the "Payment Due Date" to be determined by Lessor indicated above or on the first business day thereafter if a Payment Due Date falls on a non-business day. Lessee agrees to pay to Lessor a service charge of $10 or 105% of the amount that is lateper month, whichever is more, but not to exceed the maximum amount permitted by law, on any payment due under this the Lease which is not paid within five days of the Payment Due Date. Lessee shall pay all sales, use, excise, personal property, stamp, documentary, and ad valorem taxes, licenses and registration fees, assessments, fines, penalties, and other charges imposed on the ownership, possession possession, or use of the Equipment during the term of this Lease, and Lessee shall pay all taxes (except income taxes imposed on Lessor) with respect to the rental payment payments hereunder, and shall, with the next scheduled payment reimburse Lessor for any taxes paid by or advanced by Lessor. Lessee's obligation obligations to pay such taxes, fees, assessments, fines, penalties, penalties and other charges shall survive termination of the Lease. Lessee agrees that Lessor may adjust the rent payment proportionally up or down if the actual cost of the Equipment exceeds or is less than the amount stated in the Lease. All payments under this the Lease shall be made to Lessor at the address set forth above or at any other address Lessor subsequently gives to Lessee for purposes of making payment. In the event of default, payments made under the Lease may be applied to Lessee's obligation to Lessor in any order Lessor chooses. Time is of the essence with respect to all payments due and all other obligations of Lessee under the Lease. All payments shall be made to Lessor via automatic draft pursuant to Lessee's Pre-Authorized Draft Request or as Lessor may otherwise designate in writing. In the event Lessee does not authorize the Draft Request, a monthly billing charge of $5 per month shall be added to the Monthly Rental Payment.

Appears in 1 contract

Samples: Business Lease Agreement (Play Co Toys & Entertainment Corp)

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Rent and Other Payments. Lessee shall pay the advance rentals due under this Lease Lease, as stated above above, upon signing this Lease. All such amounts shall be non-refundable. Monthly rent payments due after the first month's rent shall be payable on the "Payment Due Date" to be determined by Lessor indicated above or on the first business day thereafter if a Payment Due Date falls on a non-business day. The Payment Due Date shall be either the 1st or the 15th of each month, whichever is next closer to the Lease Start Date, as determined by Lessor. In addition to regular rentals, Lessee shall pay to Lessor interim rent for the use of the Equipment prior to the due date of the first payment interim rent shall be in an amount equal to 1/30th of the monthly rental, multiplied by the number of days elapsing between the date on which the Equipment is accepted by Lessee and the Lease Start Date of this Lease, together with the number of days elapsing between the Lease Start Date and the due date of the first payment. The payment of interim rent shall be due and payable upon Lessee's receipt of invoice from Lessor. Lessee agrees to pay to Lessor a service charge of $10 or 105% of the amount that is lateper month, whichever is more, but not to exceed the maximum amount permitted by law, on any payment due under this Lease which is not paid within five days of the Payment Due Date. Lessee shall pay all sales, use, excise, personal property, stamp,. Stamp, documentary, and ad valorem taxes, licenses and registration fees, assessments, fines, penalties, and other charges imposed on the ownership, possession possession, or use of the Equipment during the term of this Lease, and Lessee shall pay all taxes (except income taxes imposed on Lessor) with respect to the rental payment payments hereunder, and shall, with the next scheduled payment reimburse Lessor for any taxes paid by or advanced by Lessor. Lessee's obligation to pay such taxes, fees, assessments, fines, penalties, penalties and other charges shall survive termination of the Lease. Lessee agrees that Lessor may adjust the rent payment proportionally up or down if the actual cost of the Equipment exceeds or is less than the amount stated in the Lease. All payments under this Lease shall be made to Lessor at the address set forth above or at any other address Lessor subsequently gives to Lessee for purposes of making payment. In the event of default, payments made under the Lease may be applied to Lessee's obligation to Lessor in any order Lessor chooses.. ================================================================================ ================================================================================

Appears in 1 contract

Samples: Rx Technology Holdings Inc

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