Rent Abatement Period Sample Clauses

Rent Abatement Period. During the first two (2) years of the Initial Term, Lessee shall pay a reduced Base Monthly Rent as provided in the schedule set forth in Section 1.4 hereof (such period of reduced rent payment, the “Rent Abatement Period”). In the event a Lessor Delay (as defined in Exhibit “C”) occurs during the Rent Abatement Period, the Rent Abatement Period shall be extended one Day for each Day of Lessor Delay.‌
Sample 1
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Rent Abatement Period. With respect to any Applicable Portion of the Premises, the period commencing on the Delivery Date of such Applicable Portion and ending on the day preceding the Rent Commencement Date with respect to such Applicable Portion.
Sample 1
Rent Abatement Period. Notwithstanding any other provision of this Lease, and provided that no default exists on the part of Tenant under this Lease, Landlord shall provide Tenant with an eight (8) consecutive calendar month abatement of Basic Annual Rent reduced by actual Common Area Expenses incurred by Landlord during such abatement period (and for which Tenant would otherwise be liable under this Lease), such abatement period commencing on the Commencement Date if the Commencement Date occurs on the first day of a calendar month or otherwise commencing on the first day of the first full calendar month following the Commencement Date. If this Lease is terminated as a result of a default by Tenant during the initial Term described in Section 2.1, the unamortized portion (total abatement amortized over ten (10) years) of the foregoing abated of Basic Annual Rent shall be immediately due and payable. For avoidance of doubt, and regardless of the fact that this Lease otherwise provides that Tenant shall pay Additional Rent only after the Base Year, Tenant shall pay as rent during the abatement period all actual Common Area Expenses related to the Building (but not any items constituting Common Area Expense Exclusions). The estimated amount of Common Area Expenses is SEVEN AND NO/100 DOLLARS ($7.00) per Rentable Square Foot per year. Accordingly, during the abatement period, Tenant shall pay on the first day of each calendar month during the abatement period estimated Common Area Expenses of $0.583 per Rentable Square Foot per calendar month, which shall be reconciled in accordance with Section 4.3 of this Lease as though it were Additional Rent.
Sample 1
Rent Abatement Period. Notwithstanding the foregoing subsection (a), Subtenant’s obligation to pay gross Rent shall be conditionally abated as follows (the “Rent Abatement Period”): From: To: Gross Rent (per month) Gross Rent Abated (per month) Gross Rent Due and Payable (per month) June 1, 2021 June 30, 2021 $21,027.88 $21,027.88 $0.00 During the Rent Abatement Period, Subtenant’s obligation to pay any and all other charges pursuant to the terms of the Sublease shall continue in full force and effect without abatement of any kind. The abatement of gross Rent described above is expressly conditioned on Subtenant’s performance of its obligations under the Sublease throughout the Term. If there is default under the Sublease and such default leads to the enforcement of any remedies against Subtenant (including the termination of the Sublease prior to the expiration of the Term), then Subtenant shall immediately pay to Sublandlord on demand, in addition to all other amounts and damages to which Sublandlord is entitled, the amount of gross Rent which would otherwise have been due and payable during any portion of the Rent Abatement Period.
Sample 1
Rent Abatement Period. Notwithstanding the foregoing, provided no default by Tenant has occurred under this Lease (beyond applicable notice and cure periods), Base Rent otherwise payable hereunder shall be abated during [***] after the Rent Commencement Date (the “Abatement Period”). If Tenant defaults under this Lease (beyond applicable notice and cure periods) at any time during the Abatement Period, no further rent abatement will be recognized and Tenant shall immediately pay Landlord the amount of the rent abatement previously recognized. Tenant shall pay all other sums due under this Lease during the Abatement Period including parking fees and Tenant’s Proportionate Share of Operating Charges and Tenant’s Proportionate Share of Real Estate Taxes.
Sample 1
Rent Abatement Period. Provided Lessee faithfully performs all terms and conditions of this Lease during the term hereof, Lessee’s obligation to pay Base Rent, Lessee’s Share of Operating Expenses and Real Estate Taxes under this Lease shall be abated from the Commencement Date through January 31, 2002. Thereafter Lessee shall pay Base Rent, Lessee’s Share of Operating Expense and Real Estate Taxes and all other amounts due hereunder to Lessor according to the terms hereof. If Lessee at any time is in default hereunder beyond any applicable cure period, Lessor may, in addition to all other rights or remedies it may have, rescind the abatement and receive all Base Rent, Lessee’s Share of Operating Expenses and Real Estate Taxes which Lessor would have otherwise received from Lessee had there been no period of abatement. Lessor’s failure to rescind the abatement of Base Rent, Lessee’s Share of Operating Expenses and Real Estate Taxes provided for hereunder as a result of any default by Lessee shall not be deemed to be a waiver of Lessor’s right to so rescind on any subsequent default by Lessee.
Sample 1
Rent Abatement Period. The parties hereto acknowledge and reaffirm that Tenant has been granted by Landlord under Section 3 of the Lease a rent abatement period of three (3) months and five (5) days. Notwithstanding the provisions of Section 3 of the Lease to the contrary, the parties hereto amend said Section to provide that such rental abatement shall commence on the 1st day of July, 1985, and continue through the 5th day of October, 1985.
Sample 1
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Rent Abatement Period. Notwithstanding anything to the contrary contained in this Sublease, Sublessee shall not be obligated to commence paying Monthly Base Rent for the Subleased Premises until the date that is fifty-three (53) days after the Commencement Date ("Rent Commencement Date"). Sublessee shall commence paying Additional Rent on the Commencement Date, however.
Sample 1

Related to Rent Abatement Period

  • Base Rent Abatement Provided that Tenant is not then in Default, and subject to the terms of this Section 3.2 below, then (i) during the last six (6) full calendar months of the Lease Term with respect to the Phase I Premises and (ii) during the last ten (10) full calendar months of the Lease Term with respect to the Phase II Premises (collectively, the “Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises or the Phase II Premises, as applicable, during such Base Rent Abatement Period (collectively, the “Rent Abatement Amount”). Tenant acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Lease, and for agreeing to pay the rental and perform the terms and conditions otherwise required under this Lease. Notwithstanding the foregoing, Landlord shall have the right, at Landlord’s option, on a month by month basis commencing on the Lease Commencement Date, to accelerate any remaining Base Rent Abatement Amount relating to a full month during the Base Rent Abatement Period for a particular phase of the Premises (the “Phase”) forward, to apply to the Base Rent that would otherwise be due with respect to the next occurring month of the Lease Term for such Phase (the “Landlord Base Rent Abatement Acceleration Election”), in which case Tenant shall have no obligation to pay Base Rent attributable to such next occurring month of the Lease Term for such Phase, and the Base Rent Abatement Amount that is accelerated forward shall no longer be applicable during the Base Rent Abatement Period. Landlord may make such election on a month by month basis with respect to each of the months of the Base Rent Abatement Period. In addition, commencing on the Lease Commencement Date, if Landlord has not exercised the Landlord Base Rent Abatement Acceleration Election on or before the date that the next installment of Base Rent is due under the Lease, and provided that the Lease has not been terminated as a result of any Default of Tenant or rejection of the Lease in bankruptcy (the “Abatement Condition”), then Tenant shall have the right, at Tenant’s option, on a month by month basis commencing on the Lease Commencement Date, to accelerate any Base Rent Abatement Amount relating to a full month during the Base Rent Abatement Period for a Phase forward to apply to the Base Rent that would otherwise be due with respect to the next occurring month of the Lease Term for such Phase (the “Tenant Base Rent Abatement Acceleration Election”), in which case Tenant shall have no obligation to pay Base Rent attributable in such next occurring month of the Lease Term for such Phase, and the Base Rent Abatement Amount that is accelerated forward shall no longer be applicable during the Base Rent Abatement Period. Tenant may not elect to accelerate more than one (1) month of such Base Rent Abatement at any particular time. Notwithstanding the foregoing, as long as the Abatement Condition is satisfied, if Tenant fails to deliver notice to Landlord exercising the Tenant Base Rent Abatement Acceleration Election for a particular month of the Lease Term, then Tenant shall be deemed to have elected to exercise the Tenant Base Rent Abatement Acceleration Election for such month without the requirement of providing notice to Landlord. Notwithstanding the different monetary amount of one (1) full calendar month at the end of the Lease Term from the monetary amount of one (1) full calendar month at the beginning of the Lease Term, the value of any full month of Base Rent Abatement, whether accelerated by Landlord or by Tenant, shall be equal to one (1) full month of Base Rent at the time it is applied.

  • Rent Abatement Except for the negligence or willful act of Tenant or its agents, employees, contractors or invitees, if all or any part of the Premises are rendered untenantable by fire or other casualty and this Lease is not terminated, Monthly Base Rent and Rent Adjustments shall xxxxx for that part of the Premises which is untenantable on a per diem basis from the date of the casualty until Landlord has Substantially Completed the repair and restoration work in the Premises which it is required to perform, provided, that as a result of such casualty, Tenant does not occupy the portion of the Premises which is untenantable during such period.

  • Lease Period The lease period of the Finance Lease Agreement I is 36 months, which commenced on October 28, 2022. The lease period of the Finance Lease Agreement II is 36 months, which shall commence on July 31, 2023.

  • Rental Abatement If (a) the Property is damaged by fire or other casualty thereby causing the Premises to be inaccessible or (b) the Premises are partially damaged by fire or other casualty, the Rent shall be proportionally abated to the extent of any actual loss of use of the Premises by Tenant.

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Sublease Rent Limitation Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublet the Leased Property on any basis such that the rental to be paid by the sublessee thereunder would be based, in whole or in part, on either (a) the income or profits derived by the business activities of the sublessee, or (b) any other formula such that any portion of the Rent would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

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