RENT; LATE CHARGES. Lessee shall pay Lessor the first Rental Payment (as specified in the applicable Schedule) for the Equipment and Facilities on or before the Commencement Date of the applicable Schedule and shall pay Lessor the remaining periodic Rental Payments on or before the periodic payment dates specified in the applicable Schedule. If, pursuant to this Agreement or the applicable Schedule, the Term is extended, Lessee shall also pay all Rental Payments required with respect thereto. In the case of a breach or an Event of Default on the part of Lessee under this Agreement or any Schedule, all Rental Payments shall become immediately due and payable by Lessee without demand or notice, without any court order or other process of law and without liability to Lessee for any damages occasioned by such action, and all Equipment and Facilities are to be immediately returned to Lessor’s possession in the same condition provided to the Lessee, less reasonable wear and tear. Lessor is under no duty to mitigate any damages caused by Lessee’s breach or Event of Default. All Rental Payments will be sent to Lessor’s above-referenced address, or to such other address as specified by Lessor in writing. Lessee agrees to pay Lessor interest at the rate of *** per month (or such lesser rate as is the maximum rate allowable under applicable law) on any Rental Payment (or other amount due hereunder) that is not paid within ten (10) days of its due date.
RENT; LATE CHARGES. As rent for the Equipment under any Lease and the Financed Items under any Financing (in either case, referred to in this Master Agreement and any Schedule as “Rent”), Lessee agrees to pay the amounts specified in the applicable Schedule on the due dates specified in the applicable Schedule. If any part of any Rent payment or other amount due under this Master Agreement is not paid within 10 days of its due date, Lessee agrees to pay Lessor: (a) in the first month, a late charge to compensate Lessor for collecting and processing the late amount, which late charge is stipulated and liquidated at the greater of $.05 per dollar of each delayed amount or $50; plus (b) a charge for every month after the first month in which the amount is late to compensate Lessor for the inability to reinvest the amount, which charge is stipulated and liquidated at 1- 1⁄2% of the delayed amount per month (or the lesser rate that is the maximum rate allowable under applicable law).
RENT; LATE CHARGES. Lessee shall pay Lessor the first Rental Payment (as specified in the applicable Schedule) for the Equipment on or before the Commencement Date of the applicable Schedule, and shall pay Lessor the remaining periodic Rental Payments on or before the periodic payment dates specified in the applicable Schedule or, if periodic payment dates are not specified, on or before the corresponding day of each subsequent period during the Initial Term of the applicable Schedule, regardless of whether Lessee has received notice that such Rental Payments are due. Additionally, if pursuant to this Agreement or the applicable Schedule the Term is extended or a renewal option exercised, Lessee shall also pay all Rental Payments required with respect thereto. All Rental Payments will be sent to Lessor's above-referenced address, or to such other address as specified by Lessor in writing. Lessee agrees to pay Lessor interest at the rate of 1-1/2% per month (or such lesser rate as is the maximum rate allowable under applicable law) on any Rental Payment (or other amount due hereunder) that is not paid within 10 days of its due date.
RENT; LATE CHARGES. AND SECURITY DEPOSITS 10 3.1 Base Monthly Rent 10 3.2 Additional Rent 10 3.3 Year-End Adjustments 11
RENT; LATE CHARGES. As Rent for the Equipment, Lessee shall pay Lessor the amounts on the due dates set forth in the Schedule. Lessor and Lessee agree that any interest on Late Payments shall be paid by Lessee in accordance with the payment provisions of the New Mexico Procurement Code, Section 13-1-158, NMSA 1978.
RENT; LATE CHARGES. Lessee shall pay Lessor the periodic Rental Payments specified in the applicable Schedule quarterly in arrears beginning three months after the applicable Commencement Date, regardless of whether Lessee has received notice that such Rental Payments are due. Additionally, if pursuant to this Agreement or the applicable Schedule the term is extended or a renewal option exercised, Lessee shall also pay all Rental Payments required with respect thereto. All Rental Payments will be sent to Lessor's above-referenced address, or to such other address as specified by Lessor in writing. The Rental Payments are based on the methodology and assumptions set forth in Appendix A (the "Pricing Assumptions") subject to adjustment as set forth in Section 7. Lessee agrees to pay Lessor interest on any Rental Payment (or other amount due hereunder) that is not paid within ten days of its due date at the rate of 1 1/2% per month on any such amounts (or such lesser rate as is the maximum rate allowable under applicable law). Also, in the event that more than one Schedule is entered into hereunder, the parties will use their best efforts to implement a common billing date for all Schedules.
RENT; LATE CHARGES. Lessee shall pay Lessor the first Rental Payment (as specified in the applicable Schedule) for the Equipment on or before the Commencement Date of the applicable Schedule and shall pay Lessor the remaining periodic Rental Payments on or before the periodic payment dates specified in the applicable Schedule. Additionally, if pursuant to this Agreement or the applicable Schedule the Term is extended or a renewal option exercised, Lessee shall also pay all Rental Payments required with respect thereto. All Rental Payments will be sent to Lessor's above-referenced address, or to such other address as specified by Lessor in writing. Lessee agrees to pay Lessor interest at the rate of 1-1/2% per month (or such lesser rate as is the maximum rate allowable under applicable law) on any Rental Payment (or other amount due hereunder) that is not paid within 10 days of its due date.
RENT; LATE CHARGES. As lease payments (“Rent”) for the Equipment under any Lease, Xxxxxx agrees to pay the amounts specified in the applicable Schedule on the due dates specified in the applicable Schedule. Xxxxxx agrees to pay Lessor interest on any Rent payment or other amount due hereunder that is not paid within 15 days of its due date, at the rate of 1% per month (or such lesser rate as is the maximum rate allowable under applicable law). Lessee will make provision for such payments in budgets submitted to its governing body for the purpose of obtaining funding for the payments.
RENT; LATE CHARGES. During the Term, Tenant shall pay to Landlord as rent ("Rent"), all net cash flow (calculated using the methodology of the calculation set forth in Exhibit B hereto) from the Leased Premises after payment to Tenant of an operations fee equal to 7% of Resident Service Fee Revenues (determined as shown in Exhibit B) from the Leased Premises. The Rent for each month shall be paid to Landlord when available, but in no event later than the twentieth day of the following month, such that, for example, the Rent for the month of January 2004 shall be paid to Landlord when available, but no later than February 20, 2004. In consideration for Landlord's agreement to accept the net cash flow as the Rent due hereunder, Tenant agrees that it shall operate the Facility at all times during the Term in a manner consistent with its past practices as the same may be modified from time to time during the Term with the consent of Landlord. 4.
RENT; LATE CHARGES. Subtenant will pay to Sublandlord monthly base rent ("Base Rent") for the Sublease Premises in advance, without abatement, deduction or setoff, on the Commencement Date and on the first day of each calendar month thereafter during the Sublease Term, as follows: --------------------------------------------------------------------------- Period Annually Per Monthly Annual Square Foot --------------------------------------------------------------------------- --------------------------------------------------------------------------- Commencement date -- $12.50 $24,123.96 $289,487.50 3/31/02 --------------------------------------------------------------------------- 4/01/02 - 3/31/03 $12.50 $24,123.96 $289,487.50 --------------------------------------------------------------------------- 4/01/03 - 3/31/04 $13.00 $25,088.92 $301,067.00 --------------------------------------------------------------------------- 4/01/04 - 3/31/05 $13.00 $25,088.92 $301,067.00 --------------------------------------------------------------------------- ---------------------------------------------------------------------------
