Rent Abatements Clause Samples
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Rent Abatements. The Rent Schedule in Exhibit E of the Lease is hereby deleted in its entirety and replaced with Exhibit E2 attached hereto and made a part hereof. It is mutually agreed and understood that Landlord is granting a rent abatement on Suite #74 effective September 1, 1996 ending November 30, 1996. It is mutually agreed that No Base Rent, exclusive of adjustments as provided in Addendum Section V, Paragraph 4. items (a), (b), (c), (d) and (e), shall be due for the following month(s): September, October and November, 1996. The entire Base Rent otherwise due and payable for the Abatement Month(s) shall become immediately due and payable upon the occurrence of an event of default by Tenant under this Lease, default as defined in Addendum Section V, Paragraph 10. subparagraph DEFAULT. Effective December 1, 1996 and for the subsequent 33 months ending August 31, 1999 Tenant shall pay a base rent of $1,000.00 per month exclusive of the underlying pass-throughs provided in Lease Addendum Section V, Paragraph 4. items (a), (b), (c), (d) and (e). It is agreed that effective September 1, 1999, and thereafter, the rental rate applicable to Suite #74 shall be equal to the rental rate applicable to Suite #44.
Rent Abatements. Buyer shall receive a credit at the Closing for the Rent abatements set forth on Schedule 7, as reduced to reflect rent abatements applicable to periods prior to the Closing. Buyer shall otherwise be responsible for all Rent abatements under any existing or new Leases, and any renewals or extensions of Leases.
Rent Abatements. Buyer shall also receive a credit at Closing in the amount of Eight Hundred Two Thousand Six Hundred Forty-Seven Dollars ($802,647) for the rent abatements identified on Exhibit B-1 attached hereto (which amount shall be subject to adjustment if the Closing Date occurs after October 1, 2014) and Buyer shall assume all obligations with respect thereto from and after the Closing pursuant to the Assignment and Assumption Agreements.
Rent Abatements. ▇▇▇▇▇▇ shall receive abatement in the monthly rent as follows:
4.2.1 Beginning upon the Commencement Date and terminating upon the County's completion of Phase I of its Apron Pavement Rehabilitation Project, Lessee shall receive a rent abatement in the amount of $2,098.00 per month to compensate Lessee for their inability to occupy the Leased Premises during Phase I of County's Apron Pavement Rehabilitation Project.
4.2.2 Beginning upon County's completion of Phase I of its Apron Pavement Rehabilitation Project and terminating upon ▇▇▇▇▇▇'s receipt of its Certificate(s) of Occupancy for the improvements described on Exhibit C of this Lease, Lessee shall receive a rent abatement in the amount of $1,264.00 per month to compensate Lessee for their inability to occupy the improvements.
4.2.3 Lessee shall receive an additional rent abatement in the amount equal to one hundred percent (100%) of ▇▇▇▇▇▇’s total actual costs incurred for their demolition and removal of the existing building on the Leased Premises described on Exhibit C of this Lease. The total amount of rent abatement will be determined by County or Manager based on bona fide invoices which Lessee shall provide to County or Manager. The rent abatement will be divided into sixty equal instalments to be granted to Lessee monthly beginning upon the month following County's receipt of ▇▇▇▇▇▇'s final invoice for work performed and County's confirmation that the demolition and removal have been completed in accordance with Exhibit C.
Rent Abatements. There shall be no abatement of any Rent due under this Lease for any reason except as specifically provided for herein.