Abatement of Base Rent. Notwithstanding anything to the contrary contained in Section 3.1 above or Article 4 below, Landlord hereby agrees to xxxxx Tenant’s obligation to pay the following (collectively, the “Abated Rent”): (i) the monthly installments of Base Rent otherwise payable with respect to the entire initial Premises described in Section 6.2 of the Summary for the second (2nd) through eleventh (11th) months of the initial Lease Term; and (ii) the portion of the monthly installments of Base Rent otherwise payable with respect to 5,000 rentable square feet of such initial Premises for the twelfth (12th) through seventeenth (17th) months of the initial Lease Term. Notwithstanding the foregoing to the contrary, if as of the first (1st) day of such applicable month scheduled for abatement, Tenant is in monetary or material non-monetary default under this Lease, the monthly Base Rent abatement for such applicable month shall be suspended until such default is cured by Tenant (with the amount of such suspended Abated Rent to be credited toward the next monthly installment of Base Rent due under this Lease for the first (1st) month immediately following such cure that Tenant is not in monetary or material non-monetary default under this Lease). During such abatement periods, Tenant shall remain responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in the early termination of this Lease pursuant to the provisions of Article 19 below, then as a part of the recovery set forth in Article 19, Landlord shall be entitled to the recovery of the unamortized balance of the Abated Rent. For purposes of this Section 3.2, the Abated Rent shall be amortized on a straight-line basis over the scheduled 6-year initial Lease Term, and the unamortized balance thereof shall be determined based upon the unexpired portion of such initial Lease Term as of the date of such early termination.
Abatement of Base Rent. Notwithstanding anything to the contrary contained herein, so long as Tenant is not then in default of its obligations under the Lease, Tenant shall be entitled to receive an abatement of the Base Rent due during the first two (2) full calendar months of the Term (the “Abatement Period”) subject to the provisions of this Section 4.01(c). During the Abatement Period, Tenant shall still be responsible for the payment of all of its other monetary obligations under the Lease (including, without limitation, Tenant’s Share of Operating Expenses, Insurance Expenses and Tax Expenses, as defined below). In the event of a default by Tenant under the terms of the Lease that results in early termination pursuant to the provisions of Article XII of this Lease, and as part of the recovery set forth in Article XII of this Lease, Landlord shall be entitled to the recovery of the Base Rent that was abated under the provisions of this Section 4.01(c).
Abatement of Base Rent. Notwithstanding the Base Rent schedule attached to this Amendment as Exhibit B, Base Rent in the amount of $30,000.00 shall be abated from Base Rent first coming due for the Expansion Space in the second (2nd) full month of the Expansion Space Term and partially in the third (3rd) full month of the Expansion Space Term.
Abatement of Base Rent. Notwithstanding Section 3.1 above to the contrary, and provided that Tenant faithfully performs all of the terms and conditions of this Lease and is not in default under this Lease beyond the expiration of all applicable notice and cure periods, Landlord hereby agrees to axxxx Tenant’s obligation to pay the monthly installments of Base Rent otherwise payable by Tenant to Landlord for the Premises (collectively, the “Abated Rent”) during the first four (4) months of the initial Lease Term. During such abatement period, Tenant shall remain responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease beyond the expiration of any applicable notice and cure periods that results in the early termination of this Lease during the Lease Term pursuant to the provisions of Article 19 below, then as a part of the recovery set forth in Article 19 below, Landlord shall be entitled to recover the unamortized balance of the Abated Rent. For purposes of this Section 3.2, the Abated Rent shall be amortized on a straight-line basis over the scheduled 76-month initial Lease Term, and the unamortized portion thereof shall be determined based upon the unexpired portion of the initial Lease Term as of the date of such early termination. MARINA VILLAGE [Aqua Metals, Inc.]
Abatement of Base Rent. Notwithstanding Section 3 above to the contrary, and provided that Tenant faithfully performs all of the terms and conditions of the Lease (as amended hereby), Landlord shall abaxx Xxnant's obligation to pay the monthly installments of Base Rent otherwise payable by Tenant for the Existing Premises and the Expansion Space (the "Abated Rent"), for the first two (2) months of the Expansion Space Term (the "Abatement Period"). During the Abatement Period, Tenant shall remain responsible for the payment of all of its other monetary obligations under the Lease (as amended hereby). In the event of a default by Tenant under the terms of the Lease (as amended hereby) that results in the early termination of Tenant's interest therein pursuant to the provisions of Section 24 of the Original Lease, then as a part of the recovery set forth therein, Landlord shall be entitled to the recovery of the Abated Rent.
Abatement of Base Rent. Base Rent shall be abated during the first four (4) months of the Term. Commencing with the fifth (5th) month of the Term, Tenant shall make Base Rent payments as otherwise provided in the Lease. Notwithstanding such abatement of Base Rent (a) all other sums due under the Lease, including Tenant's share of Taxes and Operating Expenses, shall be payable as provided in the Lease, and (b) any increases in Base Rent set forth in the Lease shall occur on the dates scheduled therefore.
Abatement of Base Rent. Notwithstanding anything to the contrary contained herein (specifically including Section 3.2, above) and provided Tenant is not in economic or material non-economic default of this Lease (beyond the applicable notice and cure period), Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Base Rent for the months of February 2011, March 2011, January 2012, January 2013, and January 2014 (as applicable, the "Base Rent Abatement Periods"). The foregoing abatement of Base Rent provided to Tenant pursuant to this Section 3.3 shall not exceed an aggregate of Two Hundred Seventy-Four Thousand Five Hundred Eighty-Two and 17/100 Dollars ($274,582.17). During the Base Rent Abatement Periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease.
Abatement of Base Rent. Provided Tenant is not in default (after the expiration of any applicable notice and cure periods) under the Lease, Tenant shall be entitled to an abatement of the monthly installments of Base Rent otherwise due hereunder during the periods and for the portion of the Premises set forth below: Portion of Premises Number of Months of Base Rent Abated Abatement Period Fifth Floor Premises Two (2) months July 16, 2008 through September 15. 2008 Notwithstanding the foregoing, if, at any time, Tenant is in default (after the expiration of any applicable notice and cure periods) of any term, condition or provision of the Lease, any such waiver by Landlord of Tenant’s requirement to pay rental payments shall be null and void and Tenant shall immediately pay to Landlord all rental payments so abated by Landlord.
Abatement of Base Rent. In the event of fire or other casualty, against which Landlord is insured, and which is not caused by the negligence of Tenant, the Base Rent shall xxxxx in the proportion that the unusable portion of the Demised Premises, as reasonably determined by Landlord, is of the total area of the Demised Premises until the Demised Premises are rebuilt; and Landlord agrees that it will with reasonable diligence repair the Demised Premises, unless Tenant is obliged to repair under the terms hereof, or unless this Lease is terminated as hereinafter provided; subject to the provisions of Sections 18.2.1 and 18.2.2 and 18.3. Any abatement hereunder shall continue as to all or any portion of the Demised Premises only until and to the extent that same or any portion thereof shall be repaired or restored so that it can be beneficially used by Tenant.
Abatement of Base Rent. Provided no Event of Default occurs during the Abatement Period, the Base Rent will be abated in full for the entire Abatement Period. If an Event of Default occurs during the Abatement Period, Tenant will be obligated to pay Landlord, on demand, for all Base Rent attributable to the Abatement Period.
