Payment of Holdover Rent for Tenant’s Existing Premises Sample Clauses

Payment of Holdover Rent for Tenant’s Existing Premises. In the event that the Final Completion Date occurs after June 1, 2013 (which date shall be extended on a day-for-day basis for each day of Tenant Delay, as defined in Section 5.2 of the Work Letter), Tenant shall use commercially reasonable efforts to cause Tenant's currently existing landlord under the terms of that certain Office Lease Agreement between BTC U.S. L.L.C. (the "Existing Landlord") and Tenant dated September 17, 2004 (the "Existing Lease"), for premises located at Millennium Corporate Park, 18400 N.E. Union Hill Road, Redmond, Washington (the “Existing Premises”), to give its express written consent for Tenant to occupy such premises beyond the expiration of the term of the Existing Lease such that Tenant’s obligation to pay holdover rent under the Existing Lease shall be only 125% of the Basic Rent last due under the Existing Lease, as opposed to any greater amount, as provided in the last sentence of Section 14.1 of the Existing Lease, but Tenant does not warrant that any such efforts will be successful. To the extent that (i) the Final Completion Date does not occur by June 1, 2013 (which date shall be extended on a day-for-day basis for each day of Tenant Delay, as defined in Section 5.2 of the Work Letter), and (ii) as a result of Tenant’s holding over under the Existing Lease, Tenant is required to pay, and actually pays, an increase in the Basic Rent (the amount of Basic Rent which is in excess of Tenant’s existing $108,273.75 monthly Basic Rent obligation under the Existing Lease shall be referred to herein as the “Holdover Rent”) to the Existing Landlord, then in addition to Tenant’s rights under Section 2.1.2.2, above, for the period commencing as of June 1, 2013, and ending on the last day of the calendar month in which the Final Completion Date occurs, Tenant shall be entitled to receive 692500.09/WLA371593-00023/6-13-12/ao/ao an additional abatement of, or credit towards, the “Base Rent” (as that term is defined in Section 3.1, below) otherwise attributable to the Premises under this Lease in an amount equal to: the lesser of (A) the actual Holdover Rent paid by Tenant to the Existing Landlord, and (B) the applicable amount of the Holdover Rent determined in accordance with the terms set forth in Section 14.1 of the Existing Lease. If, after the date of mutual execution of this Lease, Tenant negotiates with the Existing Landlord and obtains an extension of the Existing Lease ("Existing Lease Extension Agreement"), any increase i...
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