Examples of Tenant Inducements in a sentence
All unpaid Leasing Commissions, unpaid Tenant Inducements Costs and Security Deposits under the Leases (to the extent not applied to delinquencies, provided the landlord has no future obligation to pay back such amounts to any such applicable Tenants) shall be credited to Buyer and/or its assign at the Closing.
If Tenant defaults hereunder, in addition to all other remedies to which Landlord may be entitled under law or in equity, Tenant shall reimburse Landlord an amount equal to the unamortized Tenant Inducements amortized over a 150-month period commencing on the Commencement Date.
For all purposes under this Lease, upon the occurrence of any default and the lapse of the applicable cure period, if any, any Tenant Inducements shall be amortized over the initial Term of this Lease and any unamortized amounts (or value) thereof will be deemed to be additional rent then immediately due and payable.
Purchaser agrees not to unreasonably withhold or delay its consent and approval of the credit worthiness of the Prospect or of such terms, provisions and conditions, provided the same are reasonably consistent with the Leases and New Leases (or does not violate any provision thereof) in respect to (i) rental rates and proposed Tenant Inducements for comparable space within the Project for Prospects of comparable net worth, (ii) duration of lease term, and (iii) exclusive uses proposed for the Prospect.
All unpaid Leasing Commissions, unpaid Tenant Inducements Costs and Security Deposits under the Leases shall be credited to Buyer at the Closing.
For all purposes, upon the occurrence of any default and the lapse of the applicable cure period, if any, any Tenant Inducements shall be deemed void as of the date hereof as though such had never been included, and the aggregate amounts (or value) thereof will be deemed to be additional rent then immediately due.
Notwithstanding the foregoing, subsequent to the applicable Closing Date, Seller and Seller's agents, contractors and subcontractors shall have access to such portions of the Project necessary and convenient to commence and/or complete (i) the Punchlist Work; (ii) Unacceptable Conditions; (iii) Seller's New Lease Obligations; (iv) incomplete tenant improvement work under Leases; (v) Warranty Work; and (vi) Tenant Inducements (collectively in respect to clauses (i) through (vi), "Post Closing Work").
If Tenant has exercised its option under this Section 18.12, Landlord will prepare a lease modification agreement to amend this Lease by changing the Basic Rent to reflect the prevailing market rent and market rate, along with the Tenant Inducements.
For all purposes, upon the occurrence of any default and the lapse of the applicable cure period, if any, any Tenant Inducements shall be deemed void as of the date hereof as though such had never been included.
Tenant Inducements, Vacancy Loss, and Bad Debt Expense on Residential Suites and Sites($ Thousands) Three Months Ended Six Months Ended June 30 June 30 (1) As a percentage of total operating revenues.(2) Includes tenant inducements for commercial leases.