Common use of Contract Years Clause in Contracts

Contract Years. 2. The Rent for each Contract Year shall be payable by the Company in two equal semiannual installments, one on the 1st Day of the relevant Contract Year and the other on the 1st Day of the seventh (7th) month of each Contract Year; provided always that the first payment of Rent shall be made by the Company only seven (7) Days after the Possession Date.

Appears in 3 contracts

Samples: Land Lease Agreement, Land Lease Agreement, Land Lease Agreement

AutoNDA by SimpleDocs

Contract Years. 2. The Rent for each Contract Year shall be payable by the Company in two equal semiannual installments, one on the 1st Day of the relevant Contract Year and the other on the 1st Day of the seventh (7th) month of each Contract Year; provided always that the first payment of Rent shall be made by the Company only not later than seven (7) Days after the Possession Date.

Appears in 2 contracts

Samples: Land Lease Agreement, Rooftop Lease Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.