ALI-ABA's practice checklist manual for drafting leases II
... recurring expenses payable annually for which Lessee sets aside cash on a monthly basis as a liability (for example, ... The partnership capital of Lessee shall not be included in Lesseea#39;s Partnership Liabilities. ... on the Commencement Date) shall be an irrevocable letter of credit in an amount equal to six (6) monthsa#39; initial Monthly Rent plus ... the Letter of Credit annually unless the issuing bank delivers thirty (30) daysa#39; prior written notice of non-renewal to both Lessor and Lessee.
| Title | : | ALI-ABA's practice checklist manual for drafting leases II |
| Author | : | American Law Institute-American Bar Association Committee on Continuing Professional Education |
| Publisher | : | - 1997-10 |
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