THE LESSEE HEREBY COVENANTS WITH THE LESSOR AS FOLLOWS Sample Clauses

THE LESSEE HEREBY COVENANTS WITH THE LESSOR AS FOLLOWS. (a) To pay the rent hereby reserved on the days and in the manner aforesaid without any deduction and in the event that any rent hereby reserved shall remain unpaid for more than seven (7) days after the date upon which the same becomes due, (whether formally demanded or not), (which sum together with any other amounts of rent then unpaid are hereinafter referred to as “the unpaid rent”) to pay interest on the unpaid rent compounded at the rate of two percent (2%) per month for the first calendar month from the date upon which the same became payable, and at the rate of four percent (4%) per month for the second calendar month after the date upon which the same became payable, and at the rate of five percent (5%) per month for any period thereafter until the date of payment.
Sample 1
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THE LESSEE HEREBY COVENANTS WITH THE LESSOR AS FOLLOWS. First: The Lessee will pay the rent herein reserved to the Lessor on the terms, at the times and in the manner herein provided, without deduction for any set-off of claim against the Lessor. If the Lessee shall fail to pay any in- stallment of rent within 10 days from the time same becomes due, the Lessee shall on demand pay interest thereon at the rate of six per cent per annum from the date when such installment became due to the date of payment thereof, and such interest shall be deemed additional rent hereunder.
Sample 1
THE LESSEE HEREBY COVENANTS WITH THE LESSOR AS FOLLOWS. First: The Lessee will pay the rent herein reserved to the Lessor on the terms, at the times and in the manner herein provided, without deduction for any set-off of claim against the Lessor. If the Lessee shall fail to pay any in- stallment of rent within 10 days from the time same becomes due, the Lessee shall on demand pay interest thereon at the rate of six per cent per annum from the date when such installment became due to the date of payment thereof, and such interest shall be deemed additional rent hereunder. Second: If the Lessor shall contract for the furnishing of electric current for the building by the public service corporation, the Lessee will purchase from the Lessor all electric current that the Lessee shall require, and will pay the Lessor for the amount consumed as indicated by the matter furnished therefor, at the same rates charged by said public service corporation for consumption simi- lar to that of the Lessee, and the Lessee shall comply with rules and regulations similar to those prescribed by said public service corporation. Payment for such electric current and telephone service shall be made as and when bills therefor are rendered, and shall include all taxes or imports chargeable to or customarily collected from users or consumers of such utilities. If at any time such pay- ments are in default, they shall be deemed to be additional rent hereunder. RIGHTS ON DEFAULT COLLECTION FROM UNDER- TENANTS HOUSE RULES Third: In the event the Lessor resumes possession of the apartment by summary proceedings, action of ejectment or otherwise, because of default by the Lessee in payment of rent, additional rent, or other default, or on expiration of the term pursuant to a notice given as provided in Article III hereof on the happening of any event specified in sub-sections (a), (b), (c), (d), (e) and (f) of paragraph First of Article III, the Lessor may, at its option, either relet the apartment for the Lessor’s own account or from time to time relet the apartment as the agent of or for the account of the Lessee. If the Lessor relets the apart- ment as agent of or for the account of the Lessee, it shall after reimbursing itself for its reasonable expenses in connection therewith, including a reasonable amount for decorations, alterations and repairs in and to the apartment, apply the remaining avails of such reletting to the payment of any sums then due from the Lessee to the Lessor or which would thereafter have become due from the Lessee ...
Sample 1
THE LESSEE HEREBY COVENANTS WITH THE LESSOR AS FOLLOWS. ( a) To pay the reserved monthly rent on the days and in the manner aforesaid. Lessee shall pay the reserved monthly rent after deducting the applicable TDS.
Sample 1

Related to THE LESSEE HEREBY COVENANTS WITH THE LESSOR AS FOLLOWS

  • Covenants Run with the Land All of the grants, covenants, terms, provisions and conditions herein shall run with the Premises, shall be binding upon Borrower and shall inure to the benefit of Lender, subsequent holders of this Security Instrument and their successors and assigns. Without limitation to any provision hereof, the term “Borrower” shall include and refer to the borrower named herein, any subsequent owner of the Property, and its respective heirs, executors, legal representatives, successors and assigns. The representations, warranties and agreements contained in this Security Instrument and the other Loan Documents are intended solely for the benefit of the parties hereto, shall confer no rights hereunder, whether legal or equitable, in any other Person and no other Person shall be entitled to rely thereon.

  • Covenants to Run With the Land All of the grants, covenants, terms, provisions and conditions in this Mortgage shall run with the Land and shall apply to, and bind the successors and assigns of, the Mortgagor. If there shall be more than one mortgagor with respect to the Mortgaged Property, the covenants and warranties hereof shall be joint and several.

  • COVENANTS OF LESSEE Lessee hereby covenants and agrees with Lessor as follows:

  • Landlord Covenants Landlord covenants and agrees to the following during the Term

  • Equipment Covenants With respect to the Equipment: (a) upon Lender's request, Borrower shall, at its expense, at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender; (b) Borrower shall keep the Equipment in good order, repair, running and marketable condition (ordinary wear and tear excepted); (c) Borrower shall use the Equipment with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable laws; (d) the Equipment is and shall be used in Borrower's business and not for personal, family, household or farming use; (e) Borrower shall not remove any Equipment from the locations set forth or permitted herein, except to the extent necessary to have any Equipment repaired or maintained in the ordinary course of the business of Borrower or to move Equipment directly from one location set forth or permitted herein to another such location and except for the movement of motor vehicles used by or for the benefit of Borrower in the ordinary course of business; (f) the Equipment is now and shall remain personal property and Borrower shall not permit any of the Equipment to be or become a part of or affixed to real property; and (g) Borrower assumes all responsibility and liability arising from the use of the Equipment.

  • COVENANTS OF LANDLORD 23.1 Landlord covenants that it has the right to enter into this Lease, and that if Tenant shall perform timely all of its obligations hereunder, then, subject to the provisions of this Lease, Tenant shall during the Lease Term peaceably and quietly occupy and enjoy the full possession of the Premises (i.e., quiet enjoyment) without hindrance by Landlord, its employees or agents.

  • COMPLIANCE WITH COVENANTS, RESTRICTIONS AND BUILDING CODE Lessor warrants that any improvements (other than those constructed by Lessee or at Lessee's direction) on or in the Premises which have been constructed or installed by Lessor or with Lessor's consent or at Lessor's direction shall comply with all applicable covenants or restrictions of record and applicable building codes, regulations and ordinances in effect on the Commencement Date. Lessor further warrants to Lessee that Lessor has no knowledge of any claim having been made by any governmental agency that a violation or violations of applicable building codes, regulations, or ordinances exist with regard to the Premises as of the Commencement Date. Said warranties shall not apply to any Alterations or Utility Installations (defined in Paragraph 7.3(a)) made or to be made by Lessee. If the Premises do not comply with said warranties, Lessor shall, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee given within six (6) months following the Commencement Date and setting forth with specificity the nature and extent of such non-compliance, take such action, at Lessor's expense, as may be reasonable or appropriate to rectify the non-compliance. Lessor makes no warranty that the Permitted Use in Paragraph 1.8 is permitted for the Premises under Applicable Laws (as defined in Paragraph 2.4).

  • LESSEE'S COVENANTS Lessee further covenants and agrees as follows:

  • Covenants Running with the Land All Obligations contained in this Mortgage are intended by Mortgagor and Mortgagee to be, and shall be construed as, covenants running with the Land. As used herein, “Mortgagor” shall refer to the party named in the first paragraph of this Mortgage and to any subsequent owner of all or any portion of the Mortgaged Property. All Persons who may have or acquire an interest in the Mortgaged Property shall be deemed to have notice of, and be bound by, the terms of the Credit Agreement and the other Loan Documents; provided, however, that no such party shall be entitled to any rights thereunder without the prior written consent of Mortgagee.

  • Compliance with Terms of Leaseholds Make all payments and otherwise perform all obligations in respect of all leases of real property to which the Borrower or any of its Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled, notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

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