Easement Costs definition
Examples of Easement Costs in a sentence
The delivery of Earnest Money, including the Expense Reimbursement Amount portion ther▇▇▇ (▇▇d if required pursuant to Section 1.05(b)(i) hereof the Easement Costs), to Seller pursuant to this Section 1.05 shall constitute liquidated damages and shall be paid in lieu of any additional legal recourse for any damages, specific performance or any other rights or remedies available to Seller resulting therefrom.
Tenant's share of the Easement Costs shall be fifty percent (50%) of the Easement Costs up to, but not to exceed, Thirty Thousand and no/l00 Dollars ($30,000.00), which amount shall be added to the Premises Cost and paid by Tenant through Fixed Monthly Rent throughout the Term of the Lease.Landlord and Tenant acknowledge that the Premises Cost attached hereto as Exhibit E includes the $30,000.00 maximum amount of Tenant's share of the Easement Costs.
Landlord agrees to provide Tenant with copies of all notices received from the Neighboring Owner in connection with the Easement Agreement, including but not limited to any notices relating to the failure of Landlord to pay the Easement Costs.
Any amounts required to be paid under the Easement Agreement shall be paid by Landlord at its sole cost and expense (the "Easement Costs").
In the event Tenant pays any Easement Costs for and on behalf of Landlord,Tenant shall have the right, at Tenant's option, to recover such costs from Landlord by either (a) requesting reimbursement of such costs directly from Landlord;or (b) setting-off and deducting such costs from Fixed Monthly Rent until Tenant is reimbursed in full.
In the event Landlord fails to pay the Easement Costs in accordance with the terms of the Easement Agreement, Tenant shall have the right, but not the obligation, to pay the Easement Costs for and on behalf of Landlord.