Common use of Advance Rent Clause in Contracts

Advance Rent. Upon execution of this Lease, Tenant shall pay Landlord the Advance Rent to be held as advance rent and security and which Landlord shall be entitled to retain, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the commencement of the Term. If no such defaults occur, the Advance Rent shall be applied by Landlord against first installments of Base Rent payable by Tenant hereunder.

Appears in 2 contracts

Samples: Agreement of Lease (Convera Corp), Commencement Date Agreement (Dialysis Corp of America)

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Advance Rent. Upon execution of this Lease, Tenant shall pay Landlord the Advance Rent to be held as advance rent and security and which Landlord shall be entitled to retain, without limitation of other remedies, for any defaults Event of Default by Tenant under this Lease by Tenant occurring prior to the commencement of the Term. If no such defaults occurEvent of Default occurs, the Advance Rent shall be applied by Landlord against first installments of Annual Base Rent payable by Tenant hereunder.

Appears in 2 contracts

Samples: Agreement of Lease (Spectranetics Corp), Agreement of Lease (Spectranetics Corp)

Advance Rent. Upon Tenant shall pay, upon the execution of this Lease, Tenant shall pay Landlord advance rent in the amount of ($13,101.00) (“Advance Rent Rent”) to be held as advance rent and additional security and which Landlord shall to be entitled to retainforfeited, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the commencement of the TermCommencement Date. If no such defaults occurdefault occurs, the Advance Rent shall be applied by Landlord against to the first installments installment of Base Rent payable by Tenant hereunderTenant. Landlord shall not be required to escrow or otherwise segregate the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect thereto.

Appears in 2 contracts

Samples: Office Lease Agreement (Global Defense Technology & Systems, Inc.), Office Lease Agreement (Global Defense Technology & Systems, Inc.)

Advance Rent. Upon execution of this Lease, Tenant shall pay Landlord the Advance Rent to be held as advance rent and security and which Landlord shall be entitled to retain, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the commencement of the Term. If no such defaults occur, the Advance Rent shall be applied by Landlord against first installments of Annual Base Rent payable by Tenant hereunder.

Appears in 1 contract

Samples: Agreement of Lease (Titan Corp)

Advance Rent. Upon Tenant shall pay upon the execution of this Lease, Tenant shall pay Landlord Lease the Advance Rent amount set forth in Section 1.2(b) to be held as advance rent and security and which Landlord shall (the "Advance Rent") to be entitled to retainretained by Landlord, without limitation of other remedies, for to offset Landlord's costs in preparing and negotiating this Lease and to protect Landlord against any defaults of this Lease by Tenant occurring prior to the commencement of the Term. If no such defaults occur, the Advance Rent shall be applied by Landlord against the first monthly installments of Base Rent payable by Tenant hereunderTenant.

Appears in 1 contract

Samples: Standard Office Lease (Lunn Industries Inc /De/)

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Advance Rent. Upon execution of this Lease, Tenant shall pay ------------ Landlord the Advance Rent to be held as advance rent and security and which Landlord shall be entitled to retain, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the commencement of the Term. If no such defaults occur, the Advance Rent shall be applied by Landlord against first installments of Base Rent payable by Tenant hereunder.

Appears in 1 contract

Samples: Agreement of Lease (Dialysis Corp of America)

Advance Rent. Upon execution of this Lease, Tenant shall pay Landlord the Advance Rent to be held as advance rent and security and which Landlord shall be entitled to retain, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the commencement of the Term. If no such defaults occur, the Advance Rent shall be applied by Landlord against first installments of Base Rent payable by Tenant hereunder. 5.

Appears in 1 contract

Samples: Agreement of Lease

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