Lease Modification Payment Sample Clauses

Lease Modification Payment. Landlord shall, on or before the date that is ten (10) business days following the date of this Ninth Amendment, deliver to Tenant funds in the amount of $200,895.00 (“Lease Modification Payment”), as consideration for Tenant’s agreement to enter into this Ninth Amendment and to surrender the Surrender Premises as of the Surrender Date. Notwithstanding anything to the contrary contained herein, if Tenant does not surrender the Surrender Premises in the condition otherwise required in Section 1 above on or before the Surrender Date, then the Lease Modification Payment shall be decreased by an amount equal to $285.97 for each day following the Surrender Date until such date as Tenant surrenders the Surrender Premises in the condition required in Section 1 above.
Sample 1
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Lease Modification Payment. In consideration of Landlord’s agreement to enter into this Agreement, Tenant shall pay to Landlord an amount equal to $5,115,038.40 (the “Lease Modification Payment”). The Lease Modification Payment shall be paid as follows:
Sample 1
Lease Modification Payment. Landlord and Tenant hereby agree that, as consideration for entering into this Agreement (including without limitation Landlord’s agreement to forego collection of any Base Rent, Operating Expenses, and/or any other monthly financial obligations arising under the Lease from and after the Early Vacate Date on the terms set forth in Section 1(e)), Tenant shall pay to Landlord an amount equal to $5,380,000 (the “Lease Modification Payment”) and Landlord shall have the right to immediately draw down and retain the full amount of the Letter of Credit serving as the Security Deposit in the amount of $916,300. Tenant has already delivered $630,000 of the Lease Modification Payment to Landlord, and Tenant shall deliver the remainder of the Lease Modification Payment in the amount of $4,750,000 to Landlord concurrent with Xxxxxx’s delivery to Landlord of a copy of this Agreement signed by Xxxxxx.
Sample 1
Lease Modification Payment. Commencing on January 1, 2018, and continuing thereafter on the first day of each month during the Base Term, Tenant shall pay the amount necessary to fully amortize the amount of $203,829.31, in equal monthly payments as consideration for Landlord’s agreement to enter into this Eighth Amendment and to accept the surrender of the Surrender Premises on the Surrender Date.
Sample 1
Lease Modification Payment. Within 5 business days following Tenant’s delivery of an executed copy of this Agreement to Landlord, Tenant shall deliver to Landlord funds in the amount of $928,000.00 (the “Lease Modification Payment”), as consideration for Landlord’s agreement to enter into this Agreement and accelerate the expiration date of the term of the Lease to the Termination Date.
Sample 1

Related to Lease Modification Payment

  • Lease Modification Tenant agrees to modify this Lease in any way requested by a mortgagee which does not cause increased expense to Tenant or otherwise materially adversely affect Tenant's interests under this Lease.

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • Loan Payment Payments of principal, interest, and Late Charges (as defined in the Note) shall be made as provided in the Note.

  • Estoppel Certificate or Subordination Agreement Tenant fails to execute any document required from Tenant under Sections 23 or 27 within 5 days after a second notice requesting such document.

  • Modification; Assignment No amendment or other modification, rescission, release, or assignment of any part of this Agreement shall be effective except pursuant to a written agreement subscribed by the duly authorized representatives of the parties hereto.

  • Subordination Estoppel Certificate (a) Provided that Tenant’s right of possession of the Premises shall not be disturbed by the Mortgagee so long as there is no Event of Default under this Lease, this Lease shall be subordinate at all times to the lien of any mortgages and deeds of trust now or hereafter placed upon the Premises, Building, and/or Project and land of which they are a part (a “Mortgage”) without the necessity of any further instrument or act on the part of Tenant to effectuate such subordination. Notwithstanding the foregoing, to the extent that there is a subordination, non-disturbance, and attornment agreement executed by Tenant and Mortgagee, the terms of the subordination, non-disturbance, and attornment agreement shall control. Tenant further agrees to execute and deliver within twenty (20) days after demand such further instrument evidencing such subordination and attornment as shall be reasonably required by any Mortgagee. If Landlord shall be or is alleged to be in default of any of its obligations owing to Tenant under this Lease, Tenant shall give to the holder (the “Mortgagee”) of any mortgage or deed of trust now or hereafter placed upon the Premises, Building, and/or Project whose name and address has been furnished to Tenant, notice by overnight mail of any such default that Tenant shall have served upon Landlord. Tenant shall not be entitled to exercise any right or remedy as there may be because of any default by Landlord without having given such notice to the Mortgagee. If Landlord shall fail to cure such default, the Mortgagee shall have thirty (30) additional days within which to cure such default or such longer period as may be reasonably necessary to complete the cure provided Mortgagee is proceeding diligently to cure such default. Notwithstanding the foregoing, any Mortgagee may at any time subordinate its mortgage to this Lease, without Tenant’s consent, by notice in writing to Tenant, and thereupon this Lease shall be deemed prior to such Mortgage without regard to their respective dates of execution and delivery, and in that event the Mortgagee shall have the same rights with respect to this Lease as though it had been executed prior to the execution and delivery of the Mortgage.

  • New Lease The Ground Lease requires the ground lessor to enter into a new lease with Lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

  • Assignment of Lease Assignor hereby assigns, transfers and sets over to Assignee all of Assignor’s right, title and interest as tenant under the Lease, together with all credits, deposits, rights of refusal, options (including, but not limited to, any options to purchase or renew set forth in the Lease), benefits, privileges and rights of Assignor under the Lease.

  • Modification of Lease Should any current or prospective mortgagee or ground lessor for the Building or Project require a modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor.

  • Lease Assignment To the best of Seller's knowledge, the ------------------ Tenant has not assigned its interest in the Lease or sublet any portion of the premises leased to the Tenant under the Lease.

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