Modified Payments Sample Clauses

Modified Payments. Use the first area available for the “Modified Gross” lease definition to list every expense the Lessee must pay for in addition to the defined rent amount (i.e. waste disposal) and the second area in this item to list every monthly expense the Lessor must maintain for the duration of this lease (i.e. water). (29) Triple Net (NNN). If the Lessee will be expected to take on certain responsibilities in addition to the rent amount such as the expenses needed to operate a Business on the leased premises the taxes owed for the property making up the leased premises, and insurance, then select the “Triple Net (NNN)” option. This selection must be acknowledged by both the Lessee’s initials (“Tenant”) and Lessor’s initials (“Landlord”). (30)
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Modified Payments. Use the first area available for the “Modified Gross” lease definition to list every expense the Lessee must pay for in addition to the defined rent amount (i.e. waste disposal) and the second area in this item to list every monthly expense the Lessor must maintain for the duration of this lease (i.e. water).
Sample 1
Modified Payments. Office Office commercial properties include a large subset of buildings used for business operations. The full name of the Person or Entity that has the legal right to rent the commercial space is required by the wording of the first article. Step 4 – Hire an Agent or Market the Property Yourself Now you will need to get the property listed. Expenses (26) Gross Lease. (47) Printed Name Of Lessee (48) Lessor’s Signature. Report the maximum number of days the rent may go unpaid before a late fee is charged to the space available in the seventh article. Produce the number of years and/months this lease will be effective. There may need to be more special provisions made depending on the property type or business. This provision shall require additional information. This requires a physical measurement of the length of each wall and (if relevant) ceiling height. How to Use a Commercial Lease Agreement Commercial lease agreements are different from residential lease agreements. Security Deposit (15) Waiving The Security Deposit. Download: Adobe PDF, MS Word, OpenDocument Garage (Parking) Rental Agreement – Space that is to be used by parking a vehicle. Option To Renew (33) Lessee May Not Renew. Owners, operators, lessors, and lessees of commercial properties are all responsible for ADA compliance. This signature along with the Lessee’s signature date and printed name should be provided as a Notary Public observes. Step 7 – Conduct a Credit Check (Business + Individual) Unless you are dealing with an established company chances are that you will be dealing with an entrepreneur or small business. The amount of money the Lessor expects from the Lessee as a rent payment should be written out then numerically presented to the spaces in Article VI. Step 9 – Determine the Security Deposit Once the tenant has been approved by the landlord the Security Deposit should be made known to the tenant. Therefore, it is useful to see what other properties have rented for in your area. Once this contract is signed, this will be the premises the Lessee shall pay to occupy. A commercial lease is between a landlord and a tenant seeking to rent space for business purposes. How to Lease Commercial Property (11 steps) The process of renting commercial space depends on the type of property such as office, retail, or industrial. Additional Terms & Conditions (44)
Sample 1
Modified Payments. If the rent remains unpaid for the number of days recorded in Article VII’s statement, then a late fee may be collected. XXV Notices (42) Lessor Information. (2) Name Of Lessor. The two-digit calendar day when the Lessee must submit the monthly rent to the Lessor is needed to complete the statement made in the fifth article. XXIV. Step 4 – Hire an Agent or Market the Property Yourself Now you will need to get the property listed. Download: Adobe PDF, MS Word, OpenDocument Co-Working Space Agreement – For office space that is shared amongst many tenants. IX. There may need to be more special provisions made depending on the property type or business. When trying to figure the rental amount, it is a good idea to set the price that is close to what others are asking in your area. Download: Adobe PDF, MS Word, OpenDocument Month-to-Month Lease – For commercial tenants renting for 30-day periods. Late Fee (23)
Sample 1
Modified Payments. Generally, this will be a Business Entity therefore make sure to identify this Party by its formal name. Download: Adobe PDF, MS Word, OpenDocument Month-to-Month Lease – For commercial tenants renting for 30-day periods. Retail Retail properties are ideal for most shopping centers, restaurants and small shops. The Lessor may be responsible for some of these improvements to the leased property or this cost can be covered by the Lessee. Office space or store is almost need of all businesses and companies to run their business affairs effectively and large number of companies like to take properties on rent or lease instead of buying because it lessen the cost for business. Download: Adobe PDF, MS Word, OpenDocument Booth (Massage) Rental Agreement – For a therapist that is seeking to rent a room or share space within a spa. This way the signatures are proven and the agreement is much more likely to hold up in court if its legality is ever questioned. The annual rent is calculated as a price per square foot ($/SF) of the usable space with 1/12th due each month. This rule is only grandfathered to properties that have not been built or had renovations since 1992. Popular Commercial Listing Websites Step 6 – Negotiating the Lease When dealing with a prospective tenant it is best to understand their needs and come to an agreement. The Entity that shall pay the Lessor for the right to occupy and conduct business on the commercial property is the Lessee. Option to Purchase – Use if the tenant would like the option to purchase the property for a specified price during the course of their lease. Here is the download button to download it. (14)
Sample 1
Modified Payments. 24 Calendar Months commencing on the first of the month following signed acceptance of the terms of this contract. (18)
Sample 1

Related to Modified Payments

  • Delayed payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Permitted Payments Hedging Liabilities

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

  • Restricted Payments Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:

  • Refused Payments We reserve the right to refuse to pay any Receiver. We will attempt to notify the Sender promptly if we decide to refuse to pay a Receiver designated by the Sender. This notification is not required if you attempt to make a prohibited payment under this Agreement.

  • Prohibited Payments The following types of payments are prohibited through the Service, and we have the right but not the obligation to monitor for, block, cancel and/or reverse such payments:

  • Disputed Payments If either Party, in good faith, disputes the accuracy of an invoice from the other hereunder, the disputing Party shall provide to the other Party an explanation of the basis for the dispute and shall pay to the other Party the portion of the invoice not in dispute by the due date (but shall not be required to pay the disputed portion). For the avoidance of doubt, a Party may dispute the accuracy of an invoice from the other hereunder after payment has been made in respect of such invoice. Any amount disputed by a Party pursuant to this Section 11.4 that is later conclusively determined (whether by agreement of the Parties or a final, non-appealable determination of a Governmental Authority with jurisdiction) to be properly due and payable shall be paid to the Party owed payment on or before ten (10) Days after such determination, together with interest accrued at the Interest Rate from the first Day following the date on which payment would have been made if not disputed to but excluding the date payment is made.

  • CERTIFIED PAYROLL Contractor and Contractor’s subcontractor(s) shall comply with all applicable provisions of Labor Code Sections 1776 and 1812, which relate to preparing and maintaining accurate payroll records, and making such payroll records available for review and copying by District, DIR’s Division of Labor Standards Enforcement, and DIR’s Division of Apprenticeship Standards (including any required electronic submission of records). Payroll records shall include all information required by applicable law, including, but not limited to, name, address, social security number, work week and actual per diem wages paid to each journeyman, apprentice, worker or other employee retained by Contractor in connection with the Work. The payroll records shall be certified, maintained at Contractor’s principal offices, and made available as required pursuant to Labor Code Section 1776. Contractor shall inform District of the location at which the payroll records are maintained, including the street address, city, and county, and shall, within five (5) working days, provide a notice of any change of location and address. Contractor and any subcontractor that fails to timely comply with requests for certified payroll records shall forfeit, as a penalty to District, One Hundred Dollars ($100.00) for each calendar day, or portion thereof, for each worker, until strict compliance is effectuated, and, in addition to penalties as provided by law, may be subject to debarment pursuant to Labor Code Section 1771.1. In addition, Contractor and Contractor’s subcontractor(s) shall comply with Labor Code Section 1771.4(a)(3), which relates to providing the payroll records directly to the Labor Commissioner.

  • PRE-AUTHORIZED PAYMENTS The Primary Cardholder is responsible for all pre-authorized payments (PAPs) charged to the Account. This includes PAPs charged to the Account before the Agreement is cancelled or after the Agreement ends, or charges by any Authorized User, or those that are made after an Authorized User Card has been cancelled, unless the merchant receives a written request from you to cancel the PAP before the PAP is charged to the Account. You must contact a merchant in writing if you want to cancel any PAP and then check the statement to confirm the PAP was cancelled. If the PAP was not cancelled, we may be able to assist you if you provide us with a copy of the written cancellation request you sent to the merchant. You must provide merchants with adequate, correct and up-to-date information for any PAPs, including if your Card number or Card expiry date changes. However, if you have a PAP with a merchant and your Card number or Card expiry date changes, you agree that we may, but we are not required to, provide that merchant with your new Card number or Card expiry date including by using the updating service provided to us through your Card’s payment card network. We are not responsible if any PAPs cannot be posted to the Account. You must settle any dispute or liability you may have for the Transactions relating to those PAPs directly with the merchant involved.

  • Interim payments Interim payments are intended to reimburse the beneficiary for expenditure on the basis of a detailed statement of the costs incurred, once the action has reached a certain level of completion. It may clear all or part of any pre-financing. By the appropriate deadline indicated in Article I.5, the beneficiary shall submit a request for interim payment accompanied by the following documents: - an interim report on implementation of the action; - an interim financial statement of the eligible costs actually incurred, following the structure of the estimated budget; - where required by the provisions of Article I.4 on interim payment, a certificate on the action's financial statements and underlying accounts, produced by an approved auditor or, in case of public bodies, by a competent and independent public officer. The certificate shall certify, in accordance with a methodology approved by the Commission, that the costs declared by the beneficiary in the financial statements on which the request of payment is based are real, accurately recorded and eligible and that all receipts have been declared, in accordance with the agreement. The documents accompanying the request for payment shall be drawn up in accordance with the relevant provisions in Article I.5 and the annexes. The beneficiary shall certify that the information provided in his request for payment is full, reliable and true. He shall also certify that the costs incurred can be considered eligible in accordance with the agreement, that all receipts have been declared, and that his request for payment is substantiated by adequate supporting documents that can be checked. On receipt of these documents, the Commission shall have the period specified in Article I.4 in order to: - approve the interim report on implementation of the action; - ask the beneficiary for supporting documents or any additional information it deems necessary to allow the approval of the report; - reject the report and ask for the submission of a new report. Failing a written reply from the Commission within the time limit for scrutiny indicated above, the report shall be deemed to have been approved. Approval of the report accompanying the request for payment shall not imply recognition of the regularity or of the authenticity, completeness and correctness of the declarations and information it contains. Requests for additional information or a new report shall be notified to the beneficiary in writing. If additional information or a new report is requested, the time limit for scrutiny shall be extended by the time it takes to obtain this information. The beneficiary shall be informed of that request and the extension of the delay for scrutiny by means of a formal document. The beneficiary shall have the period laid down in Article I.4 to submit the information or new documents requested. Extension of the delay for approval of the report may delay the payment by the equivalent time. Where a report is rejected and a new report requested, the approval procedure described in this article shall apply. In the event of renewed rejection, the Commission reserves the right to terminate the agreement by invoking Article II.11.2 (b).

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