Common use of Rental Payment Clause in Contracts

Rental Payment. Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent due hereunder after the expiration of the Abatement Period. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided herein. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated.

Rental Payment. Commencing on the Commencement Date, Subject to increase as provided in this Lease. Tenant agrees to pay Rent to Lessor as and for rent for the Demised Premises for the Term hereof the sum of Fifty-one thousand nine hundred sixteen dollars and eighty cents (defined below$51,916.80) in monthly installments on or before plus all applicable sales and use taxes which sum for the convenience of the Tenant shall be paid as follows: $2,163.20 + 6.5% sales tax = $2,303.81 ("Base Monthly Rental") plus all applicable sales and use taxes upon the first day of each calendar month during for the TermTerm hereof commencing with the first calendar month following the calendar month of the Commencement Date. The rental payments shall be made to Lessor of the address hereinafter set forth to which notices to Lessor shall be sent or at such other place as Lessor may, from time to time, hereafter designate by notice to Tenant. Tenant's obligation to pay rent and keep and perform any and all covenants and agreements herein contained shall not be abated, released or discharged because of any reason whatsoever except as is otherwise specifically provided for in this Lease. Rent and each installment thereof shall be paid in lawful money of the United States States, legal tender at the time of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period payment. All rents shall be paid payable in advance on and paid without deduction, setoff, discount or abatement. Under no circumstances shall any holding over by Tenant be authorized and no occupancy beyond the date of Tenant’s execution of this Lease and term limited hereby shall be applied to the first full monthly installment of Base Rent due hereunder ever constitute anything except an unlawful holding over by Tenant after the expiration of the Abatement PeriodTerm. By Tenant's execution hereof, Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, acknowledges that Tenant has inspected the Demised Premises and all other sums of money which become due the Building and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except that as provided herein. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at date hereof the Default Rate, defined below or Demised Premises and the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure Building are in all respects in satisfactory condition and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant. Landlord may assess a reasonable fee acceptable to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be proratedand Tenant is accepting same as is.

Rental Payment. Commencing on the Commencement Date, Subject to increase as provided in this Lease. Tenant agrees to pay Rent to Lessor as and for rent for the Demised Premises for the Term hereof the sum of Twenty-one thousand seven hundred dollars (defined below$21,700.00) in monthly installments on or before plus all applicable sales and use taxes which sum for the convenience of the Tenant shall be paid as follows: $700.00 ("Base Monthly Rental") plus all applicable sales and use taxes upon the first day of each calendar month during for the TermTerm hereof commencing with the first calendar month following the calendar month of the Commencement Date. The rental payments shall be made to Lessor of the address hereinafter set forth to which notices to Lessor shall be sent or at such other place as Lessor may, from time to time, hereafter designate by notice to Tenant. Tenant's obligation to pay rent and keep and perform any and all covenants and agreements herein contained shall not be abated, released or discharged because of any reason whatsoever except as is otherwise specifically provided for in this Lease. Rent and each installment thereof shall be paid in lawful money of the United States States, legal tender at the time of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period payment. All rents shall be paid payable in advance on and paid without deduction, setoff, discount or abatement. Under no circumstances shall any holding over by Tenant be authorized and no occupancy beyond the date of Tenant’s execution of this Lease and term limited hereby shall be applied to the first full monthly installment of Base Rent due hereunder ever constitute anything except an unlawful holding over by Tenant after the expiration of the Abatement PeriodTerm. By Tenant's execution hereof, Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, acknowledges that Tenant has inspected the Demised Premises and all other sums of money which become due the Building and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except that as provided herein. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at date hereof the Default Rate, defined below or Demised Premises and the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure Building are in all respects in satisfactory condition and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant. Landlord may assess a reasonable fee acceptable to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be proratedand Tenant is accepting same as is.

Rental Payment. Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix IIIUnited Property Management, LLC, X.X. Xxx 000000, 0000 XX 00xx Xxxxxx, XX Xxxxx, Xx. 00000-0000, Attention: Accounting -Xxxxxx Office Tower or via wire instruction upon request of Tenant; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent due hereunder after the expiration of the Abatement Periodhereunder. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided hereincounterclaim. If Tenant fails to pay part or all of the Rent within five four (54) days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is lessbelow, on the unpaid Rent, plus (ii) a late charge equal to five ten percent (510%) of the unpaid Rent; providedRent or the maximum then allowed by law, however, that Landlord whichever is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenantless. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated.

Rental Payment. Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix IIIPKY-San Fxxxxx Plaza, LLCL.P., San Fxxxxx Xxxxx, X.X. Xxx 000000, Xxxxxx, XX Xxxxxx Xxxxx 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period and Additional Rent shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent and Additional Rent due hereunder after the expiration of the Abatement Periodhereunder. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided hereincounterclaim. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is lessbelow, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; providedRent or the maximum then allowed by law, however, that Landlord whichever is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenantless. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated.

Rental Payment. Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America to the following address Payment Address as set forth in Section 1 or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period Initial Payment shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent and Additional Rent due hereunder after the expiration of following the Abatement Period. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim counterclaim, except as for the diminution provided hereinin Section 11. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is lessbelow, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant$100.00. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated. Tenant shall be entitled to a full credit of Base Rent and Additional Rent (defined below), such credit being equal to $4,277.17 per month for Base Rent, plus $2,412.71 per month for Additional Rent, for an aggregate abatement of $40,139.28 for a period of six (6) months following the Commencement Date (the “Abatement Period”) (e.g., if the Commencement Date is May 15, 2018, then Base Rent and Additional Rent for the entire Premises shall be abated until November 14, 2018). Said credit shall be used solely to offset Base Rent and Additional Rent during the Abatement Period and in no circumstances shall Tenant be paid any amounts pursuant thereto. Tenant shall continue to be responsible for the payment of all of its other monetary obligations under this Lease during the Abatement Period. In the event Tenant is in monetary Default under the terms and conditions of this Lease on the day any installment of Base Rent or Additional Rent would have been due hereunder but for the aforesaid abatements of Base Rent and Additional Rent, 47842-0001 NY\53603744.6 then, in such event, the rent abatements as set forth above, shall no longer be in effect and Tenant shall be obligated, during the period of such uncured Default, to pay the installments of Base Rent and Additional Rent in the amount set forth in the Base Rent Schedule in the Lease Summary and Section 6 below. In the event of a Default by Tenant under the terms of this Lease that results in early termination of this Lease, Landlord shall be entitled to the recovery of the unamortized portion of the Base Rent and Additional Rent abated hereunder. In no event shall Tenant be entitled to any extension of any Abatement Period because of any payment of Base Rent or Additional Rent made due to Defaults.

Rental Payment. Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America via wire to Landlord’s wire instructions as set forth below or to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix IIIBrickell Key Centre, LLC, X.X. Xxx 000000c/o Masaveu & C/O Management Real Estate US LLC, XxxxxxP.O. Box 531828, XX 00000Atlanta, Georgia 30353-0000; provided1828: Xxxxxxxx's wire instructions are as follows: Wire Transfers: Account Name: Brickell Key Centre LLC Account Number: 1029060888 Bank Name: PNC ACH Routing Number: 000000000 Wire Routing Number: 000000000 Notwithstanding the foregoing, however, that the first full monthly installment of Base Rent due after the Abatement Period under this Lease shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent due hereunder after the expiration of the Abatement Periodhereunder. Tenant Xxxxxx agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided hereincounterclaim. If Tenant fails to pay part or all of the Rent within five seven (57) days after it is due, Tenant shall also pay (i) interest at as a part of the Default Rate, defined below or the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) Rent due from Tenant hereunder a late charge equal to five percent (5%) of the unpaid RentRent or the maximum then allowed by law, whichever is less; provided, however, that with respect to Xxxxxx’s first late Rent payment during the Term only, Landlord is required to shall provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term days prior written notice before it can impose applies the aforementioned late charge on Tenantcharge. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by TenantXxxxxx’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated.

Rental Payment. Commencing on the Commencement Date, Subject to increase as provided in this Lease. Tenant agrees to pay Rent to Lessor as and for rent for the Demised Premises for the Term hereof the sum of Fifteen thousand six hundred dollars (defined below$15,600.00) in monthly installments on or before plus all applicable sales and use taxes which sum for the convenience of the Tenant shall be paid as follows: $650.00 ("Base Monthly Rental") plus all applicable sales and use taxes upon the first day of each calendar month during for the TermTerm hereof commencing with the first calendar month following the calendar month of the Commencement Date. The rental payments shall be made to Lessor of the address hereinafter set forth to which notices to Lessor shall be sent or at such other place as Lessor may, from time to time, hereafter designate by notice to Tenant. Tenant's obligation to pay rent and keep and perform any and all covenants and agreements herein contained shall not be abated, released or discharged because of any reason whatsoever except as is otherwise specifically provided for in this Lease. Rent and each installment thereof shall be paid in lawful money of the United States States, legal tender at the time of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period payment. All rents shall be paid payable in advance on and paid without deduction, setoff, discount or abatement. Under no circumstances shall any holding over by Tenant be authorized and no occupancy beyond the date of Tenant’s execution of this Lease and term limited hereby shall be applied to the first full monthly installment of Base Rent due hereunder ever constitute anything except an unlawful holding over by Tenant after the expiration of the Abatement PeriodTerm. By Tenant's execution hereof, Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, acknowledges that Tenant has inspected the Demised Premises and all other sums of money which become due the Building and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except that as provided herein. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at date hereof the Default Rate, defined below or Demised Premises and the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure Building are in all respects in satisfactory condition and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant. Landlord may assess a reasonable fee acceptable to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be proratedand Tenant is accepting same as is.

Rental Payment. Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix IIIPKY International Plaza II, LLC, c/o Parkway Properties LP, X.X. Xxx 000000, XxxxxxXxxxxxx, XX Xxxxxxx 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period under this Lease shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent due hereunder after the expiration of the Abatement Periodhereunder. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided hereincounterclaim. If Tenant fails to pay part or all of the Rent within five (5) business days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is lessbelow, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; providedRent or the maximum then allowed by law, however, that Landlord whichever is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenantless. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated.

Rental Payment. Commencing Tenant shall pay to Landlord the cash sum of $1,600,000.00 (the “Termination Fee”) in partial consideration of Landlord’s agreement to accept Tenant’s surrender of the Must-Take Premises and Tenant shall not be entitled to any refund, offset or other consideration in the event of early termination of the Lease or in the event that Landlord pursues any remedy for breach of Lease or other default. The Termination Fee shall be paid by Tenant to Landlord in the following manner: (i) the Landlord shall have the right to claim against the letter of credit established by Tenant pursuant to Section 6 of the Lease in the amount of FIVE HUNDRED FORTY THOUSAND UNITED STATES DOLLARS EXACTLY (US$ 540,000.00); and (ii) the remaining XXX XXXXXXX XXXXX XXXXXXXX XXXXXX XXXXXX DOLLARS EXACTLY (US$ 1,060,000.00) to be paid by Tenant within ten (10) days of the date of this Addendum. Tenant conclusively and irrevocably agrees that all conditions to a full draw under the LC have been met and Tenant shall so advise or confirm to the LC issuer if so requested by such issuer and shall not otherwise object or interfere with Landlord’s draw on the Commencement DateLC. If the issuer of the LC fails or refuses to timely honor Landlord’s draw request, then Tenant shall make a cash payment to Landlord in the amount of $540,000.00 within ten (10) days of Tenant’s receipt of Landlord’s notice of the issuer’s failure to honor the draw request. Tenant agrees that upon execution hereof the cash security deposit held by Landlord is non-refundable and shall not be returned to pay Rent (defined below) in monthly installments on Tenant upon expiration or before the first day of each calendar month during the Term, in lawful money termination of the United States of America to the following address or to such other address as Lease and may be used by Landlord may designate for any purpose from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent due hereunder after the expiration of the Abatement Period. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided herein. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be proratedhereafter.