Rent Deferral. The following shall be added as a new Article 34 of the Lease:
Rent Deferral. (a) Subject to the provisions of this Amendment, $1,126,534.80 of the Minimum Rent due under the Lease (the “Deferred Rent”) shall be deferred (the “Rent Deferral”). The Deferred Rent shall be applied in three (3) increments as follows:
Rent Deferral. Owner and Resident agree to a deferral of the payment of rent for the month of April 2020 as stated in this agreement. It is acknowledged and agreed that rent is still owed. Provided the terms of this agreement as fully complied with, Owner will waive late fees for the deferred payment. The intent of this Deferral is to provide temporary assistance to Resident due to the direct economic impact of the COVID-19 virus. In the event the Pandemic and its effects for Resident continue into the month of May 2020, Resident may apply for additional deferral and modification of this Agreement. Nothing herein shall require Owner to allow for continued deferral of rent.
Rent Deferral. Notwithstanding anything contained in Section 2.1 of the Lease Agreement to the contrary, during the period of time between December 1, 1999 and May 31, 2000 the Monthly Base Rent payable by Tenant to Landlord shall be reduced from $36,666.66 per month to $21,666.66 per month and during the period of time between June 1, 2000 through November 30, 2000, the Monthly Base Rent payable by Tenant to Landlord shall be increased to $51,666.66 per month. Subsequent to November 30, 2000, the Monthly Basic Rent shall be payable in accordance with the terms and provisions of Section 2.1 of the Lease Agreement.
Rent Deferral. The parties agree to waive the "Rent Deferral" as described in Paragraph C. of the Recycle Agreement.
Rent Deferral. To the extent that Cash Available for Lease Payments for an Accounting Period is insufficient to pay Rent, any and all unpaid Rent shall accrue and will be payable from subsequent Accounting Period’s Cash Available for Lease Payments. Nothing herein shall be construed to impair Landlord’s right to exercise its right under this Lease, including, but not limited to, Landlord’s right to utilize the Excess Cash Flow Reserves, Pledge Agreement, or Collateral Assignment of Revenues to satisfy any unpaid Rent.
Rent Deferral. If Isonics commences this Lease before receiving Adequate Funding, then Isonics may defer payment of Rent for the first three months of this Lease. In that event, Isonics will pay Rent at the rate of $40,000 per month for the remaining nine months of the initial term of this Lease.
Rent Deferral. In consideration of the costs incurred by Concessionaire for the construction of the Improvements for the Redevelopment Work, County grants Concessionaire the right to defer some or all the Annual Percentage Rent payable by Concessionaire under this Contract in an aggregate amount equal to the Required Cost Amount (as defined in Section 5.1 below) in accordance with the terms and provisions of this Subsection 4.2.2.3 (the “Rent Deferral Amount”). Commencing with the first month following the Construction Period and continuing each month thereafter until the Rent Deferral Amount is fully applied (the “Rent Deferral Period”), Concessionaire shall have the right to reduce the Percentage Rent payable for such month in an amount equal to the amount by which the Percentage Rent that would otherwise be payable for such month exceeds the Monthly Minimum Rent payable for such month. The Monthly Minimum Rent shall not be affected. Concessionaire shall include with each monthly Gross Receipts report required to be delivered by Concessionaire pursuant to the first paragraph of Subsection 4.2.2 above, an accounting of all cumulative reductions in Percentage Rent applied to date under this Subsection 4.2.2.3 and the amount of any remaining unapplied Rent Reduction Amount.
Rent Deferral. In consideration of Landlord’s agreement to the provisions of this Amendment, Tenant shall make a lump-sum rent deferral payment to Landlord in the amount of $[ * ], which payment shall be due on the first day of Month 25 of the Lease (counting from the Rent Commencement Date), as shown in the schedule of minimum rental set forth on Exhibit 1 to this Amendment.
Rent Deferral. Tenant is hereby entitled to defer payment of the monthly Base Rent otherwise accrued and due for the months of December 2001 and January 2002 (the “Rent Deferral”).
