Rental Credit. As an inducement to and as consideration for Tenant's execution of this Lease Agreement Tenant shall be granted use and occupancy of the Premises for the first two (2) months of the Lease Term without having to pay Base Rent therefor. Notwithstanding this rental credit, the CPI adjustment to Base Rent shall be without regard to the rental credit and shall be made as if full Base Rent was paid.
Rental Credit. Provided the Tenant has furnished Landlord with the Security Deposit and provided Tenant is not in default of its obligations under the terms of the Lease at the relevant time, Landlord shall grant to Tenant a rental credit in a maximum amount of Two Hundred Thirty-One Thousand Three Hundred Eighty-Two Dollars and Fifty-Nine Cents ($231,382.59) plus G.S.T. and P.S.T. (the “Rental Credit”), which Rental Credit shall be granted in ten (10) equal instalments of Twenty-Three Thousand One Hundred Thirty-Eight Dollars and Twenty-Six Cents ($23,138.26), each instalment to be applied against the Tenant’s Basic Rent and Tenant’s Proportionate Share of Operating Costs and Taxes payable for the months of October 2014, November 2014, December 2014, January 2015, October 2015, November 2015, December 2015, January 2016, February 2016 and October 2016, until such Rental Credit is fully used up. Any amount of monthly rental which is not fully compensated by the Rental Credit remains payable by the Tenant in accordance with the provisions of the Lease.
Rental Credit. [describe any free rent or rent credit].
Rental Credit above exceed Landlord's share of the delay damages from Landlord's Contractor (as specified in Section 40.3 above and after crediting Tenant as provided in Section 5.3), then Tenant shall be entitled to pursue all available remedies against Landlord to collect such excess costs and damages (together with interest on such sums at the rate of Bank of America's "reference rate" plus 3% per annum), including, without limitation, the right to make a credit offset against the next rent payment(s) owing on this Lease to the extent of such sums owing to Tenant. Prior to exercising such offset right, Tenant shall first attempt to satisfy Landlord's obligation to compensate Tenant under this Section 40 through the sums to be received pursuant to Section 40.3 and any remaining loan proceeds available from the New Loan."
Rental Credit. The Purchaser intends to take occupancy of the home on or before May 31st, 2023. If the home is not completed on or before that date, the Seller will grant a $40,000.00 rental credit to the Purchaser at the closing. This $40,000.00 credit will assist the Purchaser in securing a rental property while the estate home is completed/move-in ready.
Rental Credit. As of the Renewal Commencement Date, provided that Sublessee is not then in default of the Sublease, Sublessee shall receive a rental credit in the amount of Twenty Four Thousand Two Hundred Fifteen and 63/100 ($24,215.63) Dollars (hereinafter the “Rental Credit”) which Sublessor shall apply towards the Rent due for the months of April 2016, May 2016, and June 2016 (the “Rental Credit Period”). The Rental Credit shall xxxxx during any period of a default by Sublessee. In the event the Sublessee is in default at any time during this Sublease, any Rental Credit provided shall be negated and recoverable by the Sublessor and may be sued for in a non-payment proceeding.
Rental Credit. For the month of March, 1997, Lessee shall receive a rental credit equivalent to the monthly rent for the forty six thousand (46,000) square feet to a maximum of thirteen thousand eight hundred dollars ($13,800.00). For the month of July, 1997, Lessee shall receive a rental credit equivalent to the monthly rent for one hundred fifty seven thousand (157,000) square feet, to a maximum of forty seven thousand one hundred dollars ($47,100.00).
Rental Credit. In the event that Suite 605 is not delivered to Tenant on the Suite 601 Commencement Date, Landlord shall grant Tenant a rent credit in the amount of $30,000, to be used against Basic Rental payable by Tenant for Suite 601, as same becomes due, until such rent credit is extinguished.
Rental Credit. Landlord hereby grants Tenant a rental credit equal to ONE HUNDRED FIFTY-THREE THOUSAND FOUR HUNDRED SIX AND 50/100 DOLLARS ($153 406.50) or ($3. 90 per rentable square foot of space leased). Tenant may apply said rental credit to the cost of its Suite Improvements which exceed Landlord's allowance as described in the Work Letter attached hereto as Exhibit B, or Tenant may apply said rental credit to Tenant's rental payments for the initial months of the Lease term.
Rental Credit. Landlord hereby grants Tenant a rental credit in the amount of EIGHT THOUSAND SEVEN HUNDRED SIXTY-NINE AND 96/100 DOLLARS ($8,769.96). Said rental credit may be used by Tenant at anytime after Tenant takes occupancy of the Expansion Space. With the exception of the modifications set out above, all other terms, covenants and agreements of the Lease shall remain in full force and effect. LANDLORD TENANT ALEXANDER PROPERTIES COMPANY, SILICON GRAPHICS, INC., A CALIFORNIA PARTNERSHIP A DELAWARE CORPORATION By:__________________________ By:______________________________ Title:_______________________ Title:___________________________ Date:________________________ Date:____________________________ Regarding: Xxxxxx Ranch 8, Building Q 0000 Xxxxxxxxx Xxxxxxx, Xxxxx 000 Xxx Xxxxx, XX 00000 FIRST LEASE ADDENDUM THIS FIRST LEASE ADDENDUM IS MADE AND ENTERED INTO THIS 15TH DAY OF JANUARY, 1993, BY AND BETWEEN ALEXANDER PROPERTIES COMPANY, A CALIFORNIA PARTNERSHIP (HEREINAFTER REFERRED TO AS "LANDLORD") AND SILICON GRAPHICS, INC., A DELAWARE CORPORATION (HEREINAFTER REFERRED TO AS "TENANT"). IT IS AGREED BETWEEN LANDLORD AND TENANT TO MODIFY THE LEASE DATED MARCH 13, 1991, (HEREINAFTER REFERRED TO AS "LEASE"). THE MODIFICATIONS UNDER THIS ADDENDUM, EFFECTIVE JANUARY 1, 1993, ARE AS FOLLOWS:
