Abated Rent Sample Clauses

Abated Rent. If this Amendment provides for a postponement of any Base Rent or payment of Operating Expenses, a period offree” rent, reduced rent, early occupancy, or other rent concession, such postponed rent, “free” rent, reduced rent or other rent concession shall be referred to herein as the “Abated Rent”. Tenant shall be credited with having paid all of the Abated Rent on the expiration of the Third Extension Period only if Tenant has fully, faithfully, and punctually performed all of Tenant’s obligations hereunder, including the payment of all Base Rent and Operating Expenses (other than the Abated Rent) and all other monetary obligations and the surrender of the Premises in the physical condition required by this Amendment. Tenant acknowledges that its right to receive credit for the Abated Rent is absolutely conditioned upon Tenant’s full, faithful and punctual performance of its obligations under this Amendment. If an Event of Default shall occur, the Abated Rent shall immediately become due and payable in full and this Amendment shall be enforced as if there were no such rent abatement or other rent concession. In such case Abated Rent shall be calculated based on the full initial Base Rent payable under this Amendment.
Abated Rent. Provided that Tenant is not then in default of the Lease, after expiration of any applicable notice and cure periods, then during the five (5) month period commencing on the Lease Commencement Date and ending on date that is five (5) months thereafter (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”). 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 Rent and perform the terms and conditions otherwise required under this Lease. If Tenant shall be in default under the Lease, after expiration of any applicable notice and cure period, or if the Lease is terminated as a result of an Event of Default by Tenant, then Landlord may at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under this Lease, that the dollar amount of the unapplied portion of the Rent Abatement as of the date of such termination 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 pay Base Rent for the Premises in full.
Abated Rent. Sublessee will not be entitled to the benefit of any rent abatement or reduction provided to Sublessor under the Master Lease. However, Sublessee shall receive abatement of its obligation to pay fifty percent (50%) of the monthly Base Rent due hereunder during the second (2nd) through tenth (10th) full months of the Term of this Sublease (for instance, if Commencement Date is January 15, 2018 then 50% of Base Rent shall be abated for the months of March-November 2018). Sublessee shall be responsible for its Pro Rata Share (as defined below) of all other Rent payable hereunder and for janitorial costs for the Sublease Premises during such Base Rent abatement period. In the event Sublessee defaults under this Sublease after the expiration of any applicable notice and cure period, Sublessor will be entitled to reimbursement of all Base Rent abated pursuant to this paragraph.
Abated Rent. Notwithstanding anything to the contrary, Tenant may occupy the Premises and shall be entitled to the full abatement of Basic Rent and Additional Rent attributable to Tenant's Share of Expenses (the "Abated Rent") for the period of March 1, 2014 through May 31, 2014. The parties agree that the value of the Abated Rent shall be $59,082.15. If no uncured Event of Default by Tenant occurs prior to the expiration of the Term, then Tenant shall have no obligation to pay the Abated Rent. The Abated Rent shall be amortized on a straight-line basis in equal monthly installments over the 36-month period commencing on June 1, 2014. If at any time during said period an Event of Default occurs, and if said default is not cured as provided in this Lease, then Tenant shall pay to Landlord, in addition to all other amounts owed hereunder, a sum equal to the portion of the Abated Rent that has not been amortized as of the date the Event of Default occurs.
Abated Rent. In the event that Tenant is not then in economic default of the Lease (as hereby amended, and beyond any applicable notice and cure period), then during the twelve month period commencing on the Expansion Commencement Date and ending on the day immediately prior to the first anniversary of the Expansion Commencement Date (the “Rent Abatement Period”), Tenant shall only be obligated to pay one-half (½) of (i) the Base Rent and (ii) Tenant’s Share of Direct Expenses, which are otherwise attributable to the Expansion Premises during such Rent Abatement Period (the “Rent Abatement”). To the extent that Tenant is in such economic default of the Lease (as hereby amended, and beyond any applicable notice and cure period) as of the first day of any calendar month that is part of the Rent Abatement Period, then Tenant shall be obligated to immediately pay the full amount of the Base Rent and Tenant’s Share of Direct Expenses otherwise (but for the Rent Abatement) attributable to the Expansion Premises during such calendar month (each such month, a “Deferred Abatement Month”); provided, however, that following Tenant’s full payment of any and all such amounts and Tenant’s cure of any such economic default, the Rent Abatement Period shall be extended one (1) month for each Deferred Abatement Month; provided further, however, in no event shall the total dollar amount of such Rent Abatement exceed the dollar amount of the Rent Abatement otherwise attributable to the first twelve months immediately following the Expansion Commencement Date.
Abated Rent. Notwithstanding anything herein to the contrary, Sublandlord and Subtenant acknowledge and agree that Subtenant shall not pay Monthly Base Rent or Subtenant’s Pro Rata Share of Operating Expenses, Insurance Expenses or Real Estate Taxes for the Subleased Premises (expressly excluding any applicable utility or janitorial costs provided to the common areas of the Premises or to the Subleased Premises and not otherwise separately paid for by Subtenant) for the first two (2) months of the Term hereof commencing on the Commencement Date (the “Base Rent Abatement Period”); provided, however, that if, at any time during the Term hereof, Subtenant is in default under the terms of this Sublease (beyond any applicable notice and cure periods provided for herein), Sublandlord’s agreement to waive the Monthly Base Rent and Subtenant’s Pro Rata Share of Operating Expenses, Insurance Expenses and Real Estate Tax payments as specified in this Section 3.2 during the Base Rent Abatement Period shall be immediately revoked without further notice to Subtenant. In the event of a default by Subtenant under this Sublease (beyond any applicable notice and cure period provided for herein), in addition CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT OF 1933. to all other remedies in connection therewith, Sublandlord shall have the right to demand immediate payment of any and all Base Rent which would have been due and payable in accordance with this Sublease absent the waiver contained in this Section 3.2.
Abated Rent. Provided Subtenant is not in Default under this Sublease, Subtenant shall be entitled to an abatement of Monthly Base Rent for the first, five and ARTISTdirect Sublease January 26, 2006 one half months of the Sublease Term (the "Abated Monthly Base Rent"). In the event of a Subtenant Default at any time during the Term, all Abated Monthly Base Rent shall immediately become due and payable. The payment by Subtenant of the Abated Monthly Base Rent in the event of a Default shall not limit or affect any of Sublandlord's other rights, pursuant to this Sublease or at law or in equity. Only Monthly Base Rent shall be abated, and all Additional Rent and other costs and charges specified in this Sublease shall remain due and payable pursuant to the provisions of this Sublease.
Abated Rent. Notwithstanding anything to the contrary contained in Section 5.1.1 above, provided that there is no then-existing Event of Default (as defined below) by Tenant under this Lease: (a) Landlord shall xxxxx Tenant’s obligation to pay the monthly installments of Base Rent otherwise payable by Tenant for the Initial Premises (and those Suite Spaces in the Remaining Premises for which the Lease Commencement Date applicable thereto has actually occurred) during the first six (6) months of the Initial Premises Term (the “Initial Abated Rent”); and (b) in addition to the Initial Abated Rent, Landlord shall also xxxxx Tenant’s obligation to pay Base Rent during the Initial Premises Term in a total amount equivalent to the total amount of monthly Base Rent actually paid by Tenant for the Initial Premises (and those Suite Spaces in the Remaining Premises for which the Lease Commencement Date applicable thereto has actually occurred) for the seventh (7th) through the tenth (10th) months of the Initial Premises Term (the “Subsequent Abatable Rent”), which Subsequent Abatable Rent shall be abated by Landlord as follows: Landlord shall apply the Subsequent Abatable Rent against fifty percent (50%) of the monthly installments of Base Rent otherwise payable for the Initial Premises (and those Suite Spaces in the Remaining Premises for which the Lease Commencement Date applicable thereto has actually occurred) commencing with the thirty-first (31st) month of the Initial Premises Term and for each month thereafter until such Subsequent Abatable Rent is exhausted. By way of illustration only, if (i) the Subsequent Abatable Rent equaled $500,000.00, and (ii) the Lease Commencement Date for each and every Suite Space in the Premises had occurred on or prior to the first (1st) day of the thirty-first (31st) month of the Initial Premises Term, then Tenant would have the obligation to pay Base Rent as follows after applying such fifty percent (50%) abatement of the Subsequent Abatable Rent and provided there is no then-existing Event of Default by Tenant under this Lease: (A) $97,793.64 (i.e., $195,587.27 / 2) per month during the thirty-first (31st) through thirty-fifth (35th) months of the Initial Premises Term; and (B) $184,555.47 (i.e., $195,587.27 - $11,031.80 [representing the then-remaining balance of the Subsequent Abatable Rent]) for the thirty-sixth (36th) month of the Initial Premises Term.
Abated Rent. Landlord agrees that, provided that Tenant is not in default under this Lease, then for the first (1st) month of the initial Lease Term, Tenant shall have no obligation to pay Base Rent and Tenant’s Share of Direct Expenses otherwise attributable to the first (1st) month of the initial Lease Term.
Abated Rent. Notwithstanding anything to the contrary, Tenant may occupy the Premises and shall be entitled to the full abatement of Basic Rent and Additional Rent attributable to Tenant’s Share of Expenses for a period commencing on the Commencement Date and terminating two months from such date (the “Abated Rent Period”; such amounts are referred to herein as “Abated Rent”.