Examples of Basic Rent in a sentence
Notwithstanding anything to the contrary contained herein, should Lessee fail to pay any installment of Basic Rent or Additional Rent punctually on the due date thereof, Lessee shall pay to Lessor as additional rent, a late charge of Fifty Dollars ($50.00) from date due to date paid.
Any subtenants, transferees or assignees shall automatically, upon acceptance of such subtenancy, transfer or assignment, become and thereafter be directly liable to Lessor for all obligations of Lessee under this Lease (including but not limited to Basic Rent) without relieving Lessee of liability to Lessor under this Lease.
The Project Property has been leased under the Amended and Restated Lease Agreement and the Basic Rent is to be remitted by the Company directly to the Purchaser on or before each principal payment date and interest payment date, as applicable, subject to the rights of offset set forth in Section 5.05(b) of the Amended and Restated Lease Agreement.
The Tenant agrees to pay Basic Rent and Additional Rent as herein provided.
The Developer shall receive a credit against the Basic Rent payable by the Developer in an amount equal to the principal amount of the Bonds so tendered for cancellation plus accrued interest thereon.