Common use of Abated Base Rent Clause in Contracts

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.

Appears in 2 contracts

Samples: Office Lease (Apptio Inc), Office Lease (Apptio Inc)

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Abated Base Rent. Provided Notwithstanding anything in Section 3.1, above, to the contrary, 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 $153,702.50 150,168.37 of the monthly Base Rent attributable to the Premises for each of the first eight (8) full calendar months of the initial Lease Term.

Appears in 1 contract

Samples: Office Lease

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Abated Base Rent. Provided that Tenant is not then in default of this the Lease (after beyond the expiration of any applicable notice and cure period) period set forth in the Lease), then during the first twelve six (126) calendar months of the initial Lease TermTerm (the “Base Rent Abatement Period“), Tenant shall not be obligated to pay an amount equal to $153,702.50 of the monthly Base Rent otherwise attributable to the Premises for each during such Base Rent Abatement Period. Landlord and Tenant acknowledge that the aggregate amount of the first eight (8) full calendar months such abatement of the initial Lease TermBase Rent equals $682,416.00.

Appears in 1 contract

Samples: Office Lease (Imperial Capital Group, Inc.)

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