Post-Dated Cheques. The Tenant shall, on or before the commencement of each and every Lease Year of the Term, including the first Lease Year, deliver to the Landlord a series of post-dated cheques, one for each month of the Lease Year, drawn for an amount equal to the amount of Monthly Rent and the Additional Rent (as estimated by the Landlord) payable in each month of such Lease Year, provided that the first such payment is to include also any pro-rated Monthly Rent and Additional Rent for the period from the date of the commencement of the Term to the first day of the first full calendar month in the Term, provided further that the obligation in the first Lease Year shall be adjusted to take into account all advance rental paid hereunder.
Post-Dated Cheques. If requested by the Landlord from time to time, the Tenant will provide to the Landlord, without prejudice to any other right or remedy of the Landlord, a series of cheques, post-dated to the respective due dates of payments, for the amounts of Basic Rent, Operating Costs and Taxes fixed by the Landlord which are periodically payable under the Lease.
Post-Dated Cheques. The Borrower(s) or the Guarantor(s) shall deposit with the lender Post dated Cheques for the amount of Installments and shall ensure that adequate balance are available in the bank account from which the Post dated Cheques have been issued. The Borrower(s) and the Guarantor(s) warrant that the Post dated Cheques will be honoured on first persentation. No notice shall be given by the Lender to the Borrower(s) and the Guarantor(s) prior to the persentation of any of the Post dated cheques and Insurance premium cheques issued by the Borrower(s) or the Guarantor(s).It is expressly agreed and understood that the Borrower(s) and the Guarantor(s) Shall at no time close the bank account(s) from which the said cheques have been issued or issue any communication to the Lender for stopping or postponing the presentment of the said cheque and the Lender will not be bound to take notice of any such communication, if issued. Xxxxxx compliance with the repayment schedule is an essential condition for the grant of the loan. Any non-presentation of the cheques due to any reason will be not affect the liability of the borrower(s) and the Guarantor(s) to pay Installments or any other sum. The Borrower(s) and the Guarantor(s) agree to replace the cheques/issue fresh cheques if required by the Lender. In the event of any cheque, given by the Borrower(s) or the Guarantor(s) for payment of any of the sums payable under this Agreement is returned unpaid for any reason whatsoever the Lender shall be entitled to levy a penal charges as set out in Schedule 1 for each such return. This is without prejudice to any other rights or remendies that the Lender may have against the Borrower(s) and the Gurantor(s) under the statutory provisions and also under this Agreement. The Borrower(s) and the Guarantor(s) agree that if any amounts are outstanding for payment by the Borrower(s) and/or the Gurantor(s) (not being the Installment under the Agreement) either under this Agreement or on account of indebtedness of the Borrower(s) or the Guarantor(s) in respect of any other agreement entered with the lender in any capacity, the Lender shall be entitled to encash the Post dated Cheques deposited with it for the satisfaction of such outstanding amounts notwith standing that the Post dated cheuqes have been deposited with it for the repayment of the Installments under this Agreement and the Borrower(s) and the Guarantor(s) shall continue to be indebted to the Lender for the Installments under this...
Post-Dated Cheques. 8.1. Post-dated cheques shall be dropped off at City Hall for the duration of the Tax Arrears Agreement, in accordance with the timelines and provisions of the agreement.
Post-Dated Cheques. 1. The Borrower shall furnish post-dated cheques, NACH, Standing Instructions at the time of loan documentation
Post-Dated Cheques. The Tenant shall deliver to the Landlord on or before the Commencement Date and on every anniversary date thereof 12 post-dated cheques on account of the monthly Minimum Rent and estimated Additional Rent (as hereinafter defined) for the ensuing lease year. Minimum Rent, Additional Rent and Percentage Rent are collectively referred to as "Rent" and are payable without deduction, abatement or set-off.
Post-Dated Cheques. On demand the Borrower agrees to deliver to the Bank post-dated cheques for the monthly instalments and the Borrower warrants that the cheque will be honoured on first presentation. Any non-presentation of a cheque due to any reason will not affect the liability of the Borrower to pay the monthly instalments or any other sum. The Borrower agrees to forthwith replace the cheque/ issue fresh cheques if required by the Bank. The borrower shall not be entitled to call upon the Bank to refrain from presenting any cheque for payment and if the borrower does so, the Bank shall nevertheless be entitled to present the cheque for payment and in the event of dishonour the provisions under Chapter XVII of the Negotiable Instruments Act, 1881 shall apply.
Post-Dated Cheques. The Tenant shall deliver to the Landlord at the beginning of each new Lease year, a series of six (6) postdated cheques in payment of Rent and Additional Rent.
Post-Dated Cheques. The Tenant shall, on or before the commencement of each and every Lease Year of the Term, including the first Lease Year, deliver to the Landlord a series of post-dated cheques, one for each month of the Lease Year, drawn for an amount equal to the amount of Monthly Rent and the Additional Rent (as estimated by the Landlord) payable in each month of such Lease Year, provided that the first such payment is to include also any pro-rated Monthly Rent and Additional Rent for the period from the date of the commencement of the Term to the first day of the first full calendar month in the Term, provided further that the obligation in the first Lease Year shall be adjusted to take into account all advance rental paid hereunder. Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 406 of the Securities Act.
Post-Dated Cheques. The Tenant agrees to deliver to the Landlord upon occupancy pursuant to this Lease a series of post-dated cheques to cover the monthly installments of Gross Rent and Additional Rent for management hereinbefore reserved for the period ending December 31 in the year of the Commencement Date and thereafter prior to January 1 in each year of the Term a series of post-dated cheques to cover the monthly installments of Gross Rent and Additional Rent for Management for each ensuring calendar year or portion thereof of the Term of this Lease.
