Common use of Rental Abatement Clause in Contracts

Rental Abatement. Notwithstanding anything to the contrary contained in the Lease or in this First Amendment, and provided that Tenant faithfully performs all of the terms and conditions of the Lease, as amended by this First Amendment, Landlord hereby agrees to xxxxx (i) Tenant’s obligation to pay Monthly Basic Rental for the Expansion Space for the second (2nd), third (3rd), fourteenth (14th), fifteenth (15th), twenty-sixth (26th), twenty-seventh (27th), thirty-eighth (38th), thirty-ninth (39th) and fortieth (40th) full calendar months of the Expansion Space Term, and (ii) [***] percent ([***]) of Tenant’s obligation to pay Monthly Basic Rental for the twenty-fifth (25th) full calendar month of the Expansion Space Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under the Lease, as amended by this First Amendment. In the event of a default by Tenant under the terms of the Lease, as amended by this First Amendment, that results in early termination pursuant to the provisions of Section 20 of the Lease, then as a part of the recovery set forth in Section 20 of the Lease, Landlord shall be entitled to the recovery of the Monthly Basic Rental that was abated under the provisions of this Section 4.

Rental Abatement. Notwithstanding anything to the contrary contained in the Lease or in this First Amendment, and provided that Tenant faithfully performs all of the terms and conditions of the Lease, as amended by this First Amendment, Landlord hereby agrees to xxxxx (i) Tenant’s obligation to pay Monthly Basic Rental for the Expansion Space for the second (2nd), third (3rd), fourteenth (14th), fifteenth (15th), twenty-sixth (26th), twenty-seventh (27th), thirty-eighth (38th), thirty-ninth (39th) and fortieth (40th) full calendar months of the Expansion Space Term, and (ii) [***] fifty percent ([***]50%) of Tenant’s obligation to pay Monthly Basic Rental for the twenty-fifth (25th) full calendar month of the Expansion Space Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under the Lease, as amended by this First Amendment. In the event of a default by Tenant under the terms of the Lease, as amended by this First Amendment, that results in early termination pursuant to the provisions of Section 20 of the Lease, then as a part of the recovery set forth in Section 20 of the Lease, Landlord shall be entitled to the recovery of the Monthly Basic Rental that was abated under the provisions of this Section 4.

Rental Abatement. Notwithstanding anything to the contrary contained in the Lease or in this First Second Amendment, and provided that Tenant faithfully performs all of the terms and conditions of the Lease, as amended by this First Second Amendment, Landlord hereby agrees to xxxxx (i) Four Thousand One Hundred Eighty Six Dollars ($4,186.00) of Tenant’s obligation to pay Monthly monthly Basic Rental for the Second Expansion Space for the second (2nd), third (3rd), fourteenth (14th), fifteenth (15th), twenty-sixth (26th), twenty-seventh (27th), thirty-eighth (38th), thirty-ninth (39th) and fortieth (40th) first full calendar months month of the Second Expansion Space Term, and (ii) [***] percent ([***]) 100% of Tenant’s obligation to pay Monthly Basic Rental for the Second Expansion Space for the ninth (9th), tenth (10th), eleventh (11th), twenty-second (22nd), twenty-third (23rd), thirty-fourth (34th), thirty-fifth (25th35th) and thirty-sixth (36th) full calendar months of the Second Expansion Space Term, and (iii) 50% of Tenant’s obligation to pay monthly Basic Rental for the twenty-first (21st) full calendar month of the Second Expansion Space Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under the Lease, as amended by this First Second Amendment. In the event of a default by Tenant under the terms of the Lease, as amended by this First Second Amendment, that results in early termination pursuant to the provisions of Section 20 of the Original Lease, then as a part of the recovery set forth in Section 20 of the Original Lease, Landlord shall be entitled to the recovery of the Monthly Basic Rental that was abated under the provisions of this Section 4.

Rental Abatement. Notwithstanding anything to the contrary contained in the Lease or in this First Second Amendment, and provided that Tenant faithfully performs all of the terms and conditions of the Lease, as amended by this First Amendment, Second Amendment Landlord hereby agrees to xxxxx (i) Tenant’s obligation to pay Monthly Basic Rental for the Expansion Space for the second (2nd), third (3rd), fourteenth (14th), fifteenth (15th), twenty-sixth (26th), twenty-seventh (27th), thirty-eighth (38th), thirty-ninth (39th) and fortieth (40th) full calendar months of the Expansion Space Term, and (ii) [***] percent Dollars ($[***]) of Tenant’s obligation to pay monthly Basic Rental for the Second Expansion Space for the first full calendar month of the Second Expansion Space Term, (ii) [***]% of Tenant’s obligation to pay Monthly Basic Rental for the Second Expansion Space for the ninth (9th), tenth (10th), eleventh (11th), twenty-second (22nd), twenty-third (23rd), thirty-fourth (34th), thirty-fifth (35th) and thirty-sixth (36th) full calendar months of the Second Expansion Space Term, and (iii) [***]% of Tenant’s obligation to pay monthly Basic Rental for the twenty-fifth first (25th21st) full calendar month of the Second Expansion Space Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under the Lease, as amended by this First Second Amendment. In the event of a default by Tenant under the terms of the Lease, as amended by this First Second Amendment, that results in early termination pursuant to the provisions of Section 20 of the Original Lease, then as a part of the recovery set forth in Section 20 of the Original Lease, Landlord shall be entitled to the recovery of the Monthly Basic Rental that was abated under the provisions of this Section 4.