Common use of Abated Base Rent Clause in Contracts

Abated Base Rent. Provided that Tenant is not then in material or monetary default of the Lease beyond applicable notice and cure periods, then during the first four (4) full calendar months of the Second Extended 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 $924,492.80 (the “Abated Base Rent”). Xxxxxx acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under the Lease. If Tenant shall be in material or monetary default under the Lease and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease, and the Lease is terminated thereafter, then Landlord may at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Lease, that Tenant shall immediately become obligated to pay to Landlord all unamortized Abated Base Rent (i.e., based upon the amortization of the Abated Base Rent in equal monthly amounts, without interest, during the period commencing on the Second Extended Term Commencement Date and ending on the Second Extended Term Expiration Date).

Abated Base Rent. Provided that Tenant is not then in material or monetary default of the Lease beyond applicable notice and cure periodsLease, then during the first four last two (42) full calendar months of the Second Extended 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 Three Hundred Ninety Thousand Seven Hundred Ninety-Nine and 74/100 Dollars ($924,492.80 (the “Abated Base Rent”390,799.74). Xxxxxx Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Second Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under the Lease. If Tenant shall be in material or monetary default under the Lease during the Rent Abatement Period and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease, then the Rent Abatement as of the date of such default shall terminate effective immediately and the Lease is terminated thereafter, then Landlord may at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Lease, that Tenant shall immediately become be obligated to pay to Landlord all unamortized Abated recommence paying Base Rent (i.e., based upon for the amortization of the Abated Base Premises in full and Tenant shall have no further right to any Rent in equal monthly amounts, without interest, during the period commencing on the Second Extended Term Commencement Date and ending on the Second Extended Term Expiration Date)Abatement hereunder.

Abated Base Rent. Provided that Tenant is not then in material or monetary default of the Lease beyond applicable notice and cure periods, then during the first four two (42) full calendar months month(s) of the Second Extended 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 $924,492.80 488,510.40 (the “Abated Base Rent”). Xxxxxx Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under the Lease. If Tenant shall be in material or monetary default under the Lease and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease, and the Lease is terminated thereafter, then Landlord may at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Lease, that Tenant shall immediately become obligated to pay to Landlord all unamortized Abated Base Rent (i.e., based upon the amortization of the Abated Base Rent in equal monthly amounts, without interest, during the period commencing on the Second Extended Term Commencement Date and ending on the Second Extended Term Expiration Date).

Abated Base Rent. Provided that Tenant is not then in material or monetary default of the Lease beyond applicable notice and cure periods(as hereby amended), then during the first four (4) full calendar months of the Second Extended 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 $924,492.80 98,181.00 (the “Abated Base Rent”i.e., $49,090.50 per month). Xxxxxx Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Second Amendment, and for agreeing to pay the rental Rent and performing perform the terms and conditions otherwise required under the LeaseLease (as hereby amended). If Tenant shall be in material or monetary default under 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 the LeaseLease (as hereby amended), and or if the Lease (as hereby amended) is terminated thereafterfor any reason, other than as the result of casualty or condemnation, then Landlord may the dollar amount of the unapplied portion of the Rent Abatement as of such default or termination shall be converted to a credit to be applied to the Base Rent applicable at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Lease, that end of the Extended Term and Tenant shall immediately become be obligated to pay to Landlord all unamortized Abated begin paying Base Rent (i.e., based upon for the amortization of the Abated Base Rent Premises in equal monthly amounts, without interest, during the period commencing on the Second Extended Term Commencement Date and ending on the Second Extended Term Expiration Date)full.

Abated Base Rent. Provided that Tenant is not then in material or monetary default of the this Lease beyond applicable notice and cure periods, then during (i) the first four second (42nd) through ninth (9th) full calendar months of following the Second Extended Term Lease Commencement Date with respect to the 10275 Building, and (ii) the “second (2nd) through fourteenth (14th) full Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent Period nt 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 (a) $924,492.80 3,167,068.00 with respect to the 10275 Building, and (b) $2,992,571.02 with respect to the “Abated Base Rent”)10275 Building. Xxxxxx Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under the this Lease. If Tenant shall be in material or monetary default under the Lease this 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, and the or if this Lease is terminated thereafterof this Lease or an event of casualty or condemnation, at any time prior to the expiration of the Rent Abatement Period, then Landlord 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 its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Lease, that end of the Lease Term and Tenant shall immediately become be obligated to pay to Landlord all unamortized Abated begin paying Base Rent (i.e., based upon for the amortization of the Abated Base Rent Premises in equal monthly amounts, without interest, during the period commencing on the Second Extended Term Commencement Date and ending on the Second Extended Term Expiration Date)full. 4.