Underlease Payment definition
Underlease Payment means the payment calculated pursuant to paragraph 1.1 of Schedule 10 (Payment Mechanism) of this Lease; Underlease Payment Notice means the monthly notice to be delivered by the Landlord to the Tenant pursuant to Clause 19.2.1 of this Lease; Underlet Premises means the premises which are shown [edged [ ]] on Plan[s] [ ] and extend from the upper side of the floor slab immediately below such premises to the underside of the floor or roof slab immediately above such premises including:
Examples of Underlease Payment in a sentence
As part of the Underlease Payment the Tenant will pay the Utilities Cost to the Landlord in each Contract Month.
In the event that the Landlord fails to deliver any Underlease Payment Notice by the due date pursuant to Clause 19.2.1 the invoice accompanying that Underlease Payment Notice shall fall due for payment as many days after the Payment Date as the Underlease Payment Notice was delivered after the due date pursuant to Clause 19.2.1.
Subject to the provisions of this Lease, the Tenant shall pay the Landlord the Underlease Payment in respect of each Contract Month following the Payment Commencement Date in accordance with the provisions of this Clause 19 and Schedule 10.