Common use of Abated Rent Clause in Contracts

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 en 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. 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 en 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.