Common use of Abated Rent Clause in Contracts

Abated Rent. If this Lease provides for a postponement of any monthly rental payments, a period of free Rent or other Rent concession, such postponed rent or free rent is called the "Abated Rent." Lessee shall be credited with having paid all the Abated Rent on the expiration of the term of this Lease only if Lessee has fully, faithfully and punctually performed all of Lessee's obligations hereunder, including the payment of all Rent (other than the Abated Rent) and all other monetary obligations and the surrender of the Premises in the condition required by this Lease. Lessee acknowledges that its right to receive credit for the Abated Rent is absolutely conditioned upon Xxxxxx's full, faithful and punctual performance of its obligations under this Lease. If Lessee defaults and does not cure within any applicable grace period, the Abated Rent shall immediately become due and payable in full and this Lease 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 rent payable under this Lease, plus interest thereon at the rate of twelve percent (12%) per annum from date each monthly Rental payment was postponed.

Abated Rent. If this Lease provides for a postponement of any monthly rental payments, a period of free "Free" Rent or other Rent concession, such postponed rent Rent or free rent "Free" Rent is called the "Abated Rent." Lessee ". Tenant shall be credited with having paid all of the Abated Rent on the expiration of the term of this Lease Term only if Lessee Tenant has fully, faithfully faithfully, and punctually performed all of LesseeTenant's obligations hereunder, including the payment of all Rent (other than the Abated Rent) and all other monetary obligations and the surrender of the Premises property in the physical condition required by this Lease. Lessee Tenant acknowledges that its right to receive credit for the Abated Rent is absolutely conditioned upon XxxxxxTenant's full, faithful faithfully and punctual performance of its obligations under this Lease. If Lessee Tenant defaults and does not cure within any applicable grace period, the Abated Rent shall immediately become due and payable in full full, and this Lease shall be enforced as if there were no such Rent abatement Abatement or other Rent concession. In such case, case Abated Rent shall be calculated based on the full initial rent payable under this Lease, plus interest thereon at the rate of twelve percent (12%) per annum from date each monthly Rental payment was postponed.

Abated Rent. If With the exception of reduction in Rent due to Lessor’s environmental remediation activities, if this Lease provides for a postponement of any monthly rental Rent payments, a period of free Rent or other Rent concession, such postponed rent Rent or free rent Rent is called the "“Abated Rent." ” Lessee shall be credited with having paid all of the Abated Rent on the expiration of the term Initial Term of this Lease only if Lessee has fully, faithfully faithfully, and punctually performed all of Lessee's obligations hereunder, including the payment of all Rent (other than the Abated Rent) due and owing and all other monetary obligations and the surrender of the Premises in the condition required by this Lease. Lessee acknowledges that its right to receive credit for the Abated Rent is absolutely conditioned upon XxxxxxLessee's full, faithful and punctual performance of its obligations under this Lease. If Lessee defaults and does not cure the default within any applicable grace period, the Abated Rent shall immediately become due and payable in full and this Lease 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 rent Base Rent payable under this Lease, plus interest thereon at the rate of twelve percent Five Percent (125%) per annum from beginning on the date each respective monthly Rental Rent payment was postponedpostponed until such Abated Rent is paid in full.