Abated Base Rent Sample Clauses

Abated Base Rent. Provided that Tenant is not then in monetary default or material non-monetary under this Lease, then during the first two (2) full calendar month(s) of the Lease Term (the “Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $145,452.60. Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Lease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this Lease. If Tenant shall be in default under this Lease and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to this Lease, or if this Lease is terminated for any reason other than Landlord’s breach of this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.
Abated Base Rent. Provided that Tenant is not then in default of this Lease, then (i) during the first three (3) full calendar months of the Lease Term (the “First Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such First Rent Abatement Period (the “First Rent Abatement”), and (ii) during the fourth (4th) through twelfth (12th) full calendar months of the Lease Term (the “Second Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to a portion of the Premises consisting of 2,313 rentable square feet during such Second Rent Abatement Period (the “Second Rent Abatement,” and together with the First Rent Abatement, collectively, the “Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $176,259.39 (i.e., which consists of the sum of $118,434.49 on account of the First Rent Abatement and $57,825.00 on account of the Second Rent Abatement). In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Article 19, below, then as a part of Landlord’s exercise of its remedies as set forth in Section 19.2, below, Landlord shall be entitled to make a claim to recover the monthly Base Rent that was abated under the provisions of this Section 3.2.
Abated Base Rent. Provided that Tenant is not then in default of the Lease, then during the calendar month of January 2019 or, if the Suite 1300 Rent Commencement Date has not occurred until after January 1, 2019, the first full calendar month after the Suite 1300 Rent Commencement Date (the "Base Rent Abatement Period"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to Suite 1300 during such Base Rent Abatement Period (the "Base Rent Abatement"). Landlord and Tenant acknowledge that the aggregate amount of the Base Rent Abatement equals One Hundred Sixty-Six Thousand Nine Hundred Three and 92/100 Dollars ($166,903.92). Tenant acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Ninth Amendment, and for agreeing to pay the Rent and performing the terms and conditions otherwise required under the Lease. If Tenant shall be in default under the Lease, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, or if the Lease is terminated for any reason other than Landlord’s breach of the Lease, then the dollar amount of the unapplied portion of the Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for Suite 1300 in full.
Abated Base Rent. Provided that Tenant is not in default of this Lease (after the expiration of any applicable notice and cure period) during the first twelve (12) months of the initial Lease Term, Tenant shall not be obligated to pay an amount equal to $153,702.50 of the monthly Base Rent attributable to the Premises for each of the first eight (8) full calendar months of the initial Lease Term.
Abated Base Rent. The paragraph below the Base Rent schedule located in Section 1.4 of the Lease is hereby amended and restated as the following: “Notwithstanding the foregoing, Base Rent shall be abated, in the amount of (i) $32,754.15 per month, for the first full calendar of the Term and (ii) $14,858.48 per month, for the second full calendar of the Term; provided, however, that if a Default (defined in Section 19.1) exists when any such abatement would otherwise apply, such abatement shall be deferred until the date, if any, on which such Default is cured.”
Abated Base Rent. Notwithstanding the foregoing, to the extent that Tenant is not then in default under this Lease (beyond the applicable notice and cure period provided in this Lease), Tenant shall not be required to pay the monthly installment of Base Rent otherwise attributable to the Premises (the “Abated Monthly Base Rent”) for the first three (3) full calendar months of the Lease Term following the Lease Commencement Date (the “Base Rent Abatement Period”), which period shall be determined pursuant to the terms of this Section 3.2. If the Lease Commencement Date occurs on the first day of a calendar month, then the Base Rent Abatement Period shall commence on the Lease Commencement Date and expire on the last day of the third (3rd) month of the Lease Term. If, however, the Lease Commencement Date occurs on a day other than the first day of a calendar month, then, the Base Rent Abatement Period shall commence on the first day of the second (2nd) calendar month of the Lease Term and expire on the last day of the fourth (4th) calendar month of the Lease Term. Landlord and Tenant acknowledge that the total amount of such abatement of Base Rent equals Two Hundred Forty Thousand Eight Hundred Ninety-Five and 20/100 Dollars ($240,895.20).
Abated Base Rent. Provided that no event of default is occurring during the four (4) month period commencing on the first (1st) day of the first (1st) full calendar month of the RP Extended Term and ending on the last day of the fourth (4th) full calendar month of the RP Extended Term (such four (4) month period, the “Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Remaining Premises during such Base Rent Abatement Period (the “Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Base Rent Abatement equals Two Hundred Sixty-Five Thousand One Hundred Seventy-One and 20/100 ($265,171.20) (i.e., $66,292.80 per month). Tenant acknowledges and agrees that during such Base Rent Abatement period, such abatement of Base Rent for the Remaining Premises shall have no effect on the calculation of any future increases in Base Rent or Direct Expenses payable by Tenant pursuant to the terms of the Lease, as amended, which increases shall be calculated without regard to such Base Rent Abatement. Additionally, Tenant shall be obligated to pay all “Additional Rent” (as that term is defined in Section 4.1 of the Office Lease) during the Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Second Amendment, and for agreeing to pay the Base Rent and perform the terms and conditions otherwise required under the Lease, as amended. If Tenant shall be in default under the Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease, as amended, or if the Lease, as amended, is terminated for any reason other than Landlord’s breach of the Lease, as amended, then the dollar amount of the unapplied portion of the Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the RP Extended Term and Tenant shall immediately be obligated to begin paying Base Rent for the Remaining Premises in full. The foregoing Base Rent Abatement right set forth in this Section 6.2 shall be personal to the tenant named above (the “Original Tenant”) and shall only apply to the extent that the Original Tenant (and not any assignee, or any sublessee or other transferee of the Original Tenant’s interest in the Lease, a...
Abated Base Rent. Provided that an Option Nullification Default, as that term is defined in Section 1.3.7 of the Office Lease, has not occurred under the Lease, as amended, then during the first (1st), second (2nd), third (3rd), thirteenth (13th) and thirty-seventh (37th) full calendar months of the Lease Term (the "Second Floor Premises Rent Abatement Period") Tenant shall not be obligated to pay any Base Rent or Direct Expenses otherwise attributable to the Premises (the "Second Floor Premises Rent Abatement"). Tenant acknowledges and agrees that the foregoing Second Floor Premises Rent Abatement has been granted to Tenant as additional consideration for entering into this Second Amendment, and for agreeing to pay the Rent and performing the terms and conditions otherwise required under the Lease, as hereby amended. Except as specifically set forth in this Section 4.1, the terms and conditions of Section 3.2 of the Office Lease shall apply to the Second Floor Premises Rent Abatement.
Abated Base Rent. Provided that no event of default is occurring during the four (4) month period commencing on the first (151) day of the second (2nd) full calendar month of the Lease Term and ending on the last day of the fifth (5th) full calendar month of the Lease Term (the "First Base Rent Abatement Period"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such First Base Rent Abatement Period (the "First Base Rent Abatement"). In addition, provided that no event of default is occurring during the sixth (6th) month of the Lease Term (the "Second Base Rent Abatement Period"), Tenant shall not be obligated to pay fifty percent (50%) of the Base Rent otherwise attributable to the Premises during such Second Base Rent Abatement Period (the "Second Base Rent Abatement"). Furthermore, provided that no event of default is occurring during the two (2) month period commencing on the first (1st) day of the seventh (7th ) full calendar month of the Lease Term and ending on the last day of the eighth (8th) full calendar month of the Lease Term (the "Third Base Rent Abatement Period"), Tenant shall not be obligated to pay Base Rent otherwise attributable to 4,213 rentable square feet of the Premises during such Third Base Rent Abatement Period (the "Third Base Rent Abatement"). The First Base Rent Abatement Period, the Second Base Rent Abatement Period and the Third Base Rent Abatement Period shall be referred to collectively as the "Base Rent
Abated Base Rent. The parties hereto acknowledge and agree that the Base Rent Abatement Period referenced in Section 3.2 of the Lease shall commence on November 1, 2008, and shall end on January 31, 2009.