Document ID: 13793

Text:
| 3.02| Time of Payment. Upon execution of this Lease, Tenant shall deposit with Rattikin Title, at 201 Main Street, Suite 800, Fort Worth, Texas, 70102, Attn : Megan Newborn, as the escrow holder in connection with Landlord's acquisition of the Premises, the installment of Base Rent for the first 30 days of the Term. Upon the closing of the Premises, said first installment of Base Rent shall be disbursed to Landlord. On or before the first day of each succeeding month of the Term, the installment of Base Rent and other sums due under this Lease will be due and payable, in advance, without off-set, deduction or prior demand. If the Term commences or ends on a day other than the first or last day of a calendar month, the Rent for any fractional calendar month following the Commencement Date or preceding the end of the Term will be prorated by days. If any Rent is not received by Landlord or Landlord's designee within five (5) days after that Rent is due, Tenant shall pay to Landlord a late charge of 5% of the amount due as liquidated damages in lieu of actual damages (other than interest and attorneys' fees and costs). Tenant shall pay such amount to Landlord as Rent concurrently with the next installment of Base Rent due and owing under the Lease. In addition, if any Rent is not received by Landlord or Landlord's designee within five (5) days after that Rent is due, Tenant shall pay to Landlord annual interest on the past due amount from the date due until paid at the rate of 10% per year, or such lesser rate allowed by law. ---|---|---

Named Entities:
19
20
Title
212
213
Percentage
312
315
Percentage

Tokenized Text:
|
3
.
02
|
Time
of
Payment
.
Upon
execution
of
this
Lease
,
Tenant
shall
deposit
with
Rattikin
Title
,
at
201
Main
Street
,
Suite
800
,
Fort
Worth
,
Texas
,
70102
,
Attn
:
Megan
Newborn
,
as
the
escrow
holder
in
connection
with
Landlord
'
s
acquisition
of
the
Premises
,
the
installment
of
Base
Rent
for
the
first
30
days
of
the
Term
.
Upon
the
closing
of
the
Premises
,
said
first
installment
of
Base
Rent
shall
be
disbursed
to
Landlord
.
On
or
before
the
first
day
of
each
succeeding
month
of
the
Term
,
the
installment
of
Base
Rent
and
other
sums
due
under
this
Lease
will
be
due
and
payable
,
in
advance
,
without
off-set
,
deduction
or
prior
demand
.
If
the
Term
commences
or
ends
on
a
day
other
than
the
first
or
last
day
of
a
calendar
month
,
the
Rent
for
any
fractional
calendar
month
following
the
Commencement
Date
or
preceding
the
end
of
the
Term
will
be
prorated
by
days
.
If
any
Rent
is
not
received
by
Landlord
or
Landlord
'
s
designee
within
five
(
5
)
days
after
that
Rent
is
due
,
Tenant
shall
pay
to
Landlord
a
late
charge
of
5
%
of
the
amount
due
as
liquidated
damages
in
lieu
of
actual
damages
(
other
than
interest
and
attorneys
'
fees
and
costs
)
.
Tenant
shall
pay
such
amount
to
Landlord
as
Rent
concurrently
with
the
next
installment
of
Base
Rent
due
and
owing
under
the
Lease
.
In
addition
,
if
any
Rent
is
not
received
by
Landlord
or
Landlord
'
s
designee
within
five
(
5
)
days
after
that
Rent
is
due
,
Tenant
shall
pay
to
Landlord
annual
interest
on
the
past
due
amount
from
the
date
due
until
paid
at
the
rate
of
10
%
per
year
,
or
such
lesser
rate
allowed
by
law
.
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