Common use of Abated Base Rent Clause in Contracts

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 monetary default or material non-monetary under this Leaseof the Lease (as hereby amended), then during the first two (2) full calendar month(s) of the Lease Term period commencing on August 1, 2017 and ending on September 30, 2017 (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 $145,452.6098,181.00 (i.e., $49,090.50 per month). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this LeaseSecond Amendment, and for agreeing to pay the rental Rent and performing perform the terms and conditions otherwise required under this Leasethe Lease (as hereby amended). If Tenant shall be in default under this the Lease (as hereby amended) and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to this Leasethe Lease (as hereby amended), or if this the Lease (as hereby amended) is terminated for any reason reason, other than Landlord’s breach as the result of this Leasecasualty or condemnation, 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, termination shall be converted to a credit to be applied to the Base Rent applicable at the end of the Lease Extended Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that no Event of Default by Tenant has then occurred and is not then in monetary default or material non-monetary continuing under this Lease, then during the first (1st) two (2) full calendar month(s) months 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 $145,452.6042,183.00. 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 an Event of Default under this Lease and shall fail have occurred or is continuing at any time prior to cure such default within the notice and cure period, if any, permitted for cure pursuant to this Leaseexpiration of the Rent Abatement Period, or if this Lease is terminated for any reason other than Landlord’s breach of this Lease, or in the event of casualty or condemnation, at any time prior to the expiration of the Rent Abatement Period, 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.