Common use of Rent Abatement Clause in Contracts

Rent Abatement. If Landlord fails to perform the obligations required of Landlord under this Lease and such failure causes all or a portion of the Premises to be untenantable, or if the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantable, Tenant shall give Landlord notice (the “Initial Notice”), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a “Landlord Failure”). If Landlord has not cured such Landlord Failure within five (5) business days after the receipt of the Initial Notice (the “Eligibility Period”), Tenant may deliver an additional notice to Landlord (the “Additional Notice”), specifying such Landlord Failure and Tenant’s intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure within three (3) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall be Tenant’s sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failure. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 2 contracts

Samples: Office Lease (Artiva Biotherapeutics, Inc.), Office Lease (Artiva Biotherapeutics, Inc.)

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Rent Abatement. If Landlord fails to perform the obligations required of Landlord under the terms of this Lease and such failure causes all or a portion of the Premises to be untenantableuntenantable and unusable by Tenant and such failure relates to the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the electricity in the Premises, the nonfunctioning of the elevator service to the Premises, or if a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant shall give Landlord notice (the “Initial Notice”), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a the “Landlord FailureDefault”). If Landlord has not cured such Landlord Failure Default within five (5) business days after the receipt of the Initial Notice (the “Eligibility Period”), Tenant may deliver an additional notice to Landlord (the “Additional Notice”), specifying such Landlord Failure Default and Tenant’s intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Default within three five (35) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Default or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall be Tenant’s sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failureDefault. Except as expressly provided in this Section 6.4, nothing contained herein in this Section 6.4 shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 2 contracts

Samples: Office Lease (CrowdStrike Holdings, Inc.), Office Lease (CrowdStrike Holdings, Inc.)

Rent Abatement. If (i) Landlord fails to perform the obligations required of Landlord under the TCCs of this Lease and Lease, (ii) such failure causes all or a portion of the Premises to be untenantableuntenantable and unusable by Tenant, and (iii) such failure relates to (A) the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the electricity in the Premises, the nonfunctioning of the elevator service to the Premises, or if (B) a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant shall give Landlord notice (the "Initial Notice"), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a “the "Landlord Failure”Default"). If Landlord has not cured such Landlord Failure Default within five (5) business days after the receipt of the Initial Notice (the "Eligibility Period"), Tenant may deliver an additional notice to Landlord (the "Additional Notice"), specifying such Landlord Failure Default and Tenant’s 's intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Default within three five (35) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Default or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall be Tenant’s 's sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failureDefault. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 2 contracts

Samples: Office Lease (Global Clean Energy Holdings, Inc.), Office Lease (Global Clean Energy Holdings, Inc.)

Rent Abatement. If Landlord fails to perform the obligations required of Landlord under the terms of this Lease and such failure causes all or a portion of the Premises to be untenantableunusable by, or if inaccessible to, Tenant and such failure relates to (x) the negligence nonfunctioning of the Building HVAC system in the Premises, the interruption of electricity to the Premises, the nonfunctioning of the elevator service to the Premises, or willful misconduct of Landlord causes (y) a failure to provide access to all or a portion of the Premises (including as a result of any work performed by Landlord in or about the Premises or the Building unless in response to become untenantableTenant’s request or as a result of Tenant’s breach of this Lease), Tenant shall give Landlord notice to the Building management office (the “Initial Failure Notice”), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a the Landlord FailureAbatement Event”). If Landlord has not cured such Landlord Failure Abatement Event within five three (53) business days after the receipt of the Initial Failure Notice (the “Eligibility Period”), Tenant may deliver an additional notice to Landlord (the “Additional Notice”), specifying such Landlord Failure Abatement Event and Tenant’s intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Abatement Event within three (3) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable unusable or inaccessible and not used by Tenant, for the period beginning on the date five (5) business days after expiration of the Initial Notice Eligibility Period to the earlier of the date Landlord cures such Landlord Failure Abatement Event or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall be Tenant’s sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failurean Abatement Event. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 2 contracts

Samples: Office Lease (Lyft, Inc.), Office Lease (Lyft, Inc.)

Rent Abatement. If Landlord fails to perform the obligations required -------------- of Landlord under the terms of this Lease and such failure causes all or a portion of the Premises to be untenantableuntenantable and unusable by Tenant and such failure relates to the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the electricity in the Premises, the nonfunctioning of the elevator service to the Premises, or if a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant shall give Landlord notice (the "Initial Notice"), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a “the "Landlord Failure”Default"). If Landlord has not cured such Landlord Failure Default within five (5) business days after the receipt of the Initial Notice (the "Eligibility Period"), Tenant may deliver an additional notice to Landlord (the "Additional Notice"), specifying such Landlord Failure Default and Tenant’s 's intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Default within three five (35) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Default or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall be Tenant’s 's sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failureDefault. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 2 contracts

Samples: Office Lease (Entravision Communications Corp), Office Lease (Entravision Communications Corp)

Rent Abatement. If (i) Landlord fails to perform the obligations required of Landlord under the TCCs of this Lease and (whether or not such failure relates to the negligence or willful misconduct of Landlord, its employees, agents, or contractors), (ii) such failure causes all or a portion of the Premises to be untenantableuntenantable by Tenant, and (iii) such failure relates to (A) the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the nonfunctioning of electricity in the Premises, the nonfunctioning of the elevator service to the Premises, the nonfunctioning of the fire sprinkler-system, or if (B) a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant shall give Landlord notice (the “Initial Notice”), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a the Landlord FailureAbatement Event”). If Landlord has not cured such Landlord Failure Abatement Event within five three (53) business days after the receipt of the Initial Notice (the “Eligibility Period”), Tenant may deliver an additional notice to Landlord (the “Additional Notice”), specifying such Landlord Failure Abatement Event and Tenant’s intention to xxxxx the abatx xxx payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Abatement Event within three two (32) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent abatx Xxxt payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five three (53) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Abatement Event or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall abatx Xxxt xxxll be Tenant’s sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failurean Abatement Event. Except as provided in this Section 6.46.7, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 1 contract

Samples: Office Lease (Dexcom Inc)

Rent Abatement. If Landlord fails to perform the obligations required --------------- of Landlord under the terms of this Lease and such failure causes all or a portion of the Premises to be untenantableuntenantable and unusable by Tenant and such failure relates to the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the electricity in the Premises, the nonfunctioning of the elevator service to the Premises, or if a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant shall give Landlord notice (the “Initial Notice”"INITIAL NOTICE"), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a “Landlord Failure”the "LANDLORD DEFAULT"). If Landlord has not cured such Landlord Failure Default within five (5) business days after the receipt of the Initial Notice (the “Eligibility Period”"ELIGIBILITY PERIOD"), Tenant may deliver an additional notice to Landlord (the “Additional Notice”"ADDITIONAL NOTICE"), specifying such Landlord Failure Default and Tenant’s 's intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Default within three five (35) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Default or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall be Tenant’s 's sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failureDefault. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 1 contract

Samples: Office Lease (Franchise Mortgage Acceptance Co)

Rent Abatement. If Landlord fails to perform the obligations required of Landlord under the terms of this Lease and such failure causes all or a portion of the Premises to be untenantableuntenantable and unusable by Tenant and such failure relates to the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the electricity in the Premises, the nonfunctioning of the elevator service to the Premises, or if a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant shall give Landlord notice (the "Initial Notice"), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a “the "Landlord Failure”Default"). If Landlord has not cured such Landlord Failure Default within five (5) business days after the receipt of the Initial Notice (the "Eligibility Period"), Tenant may deliver an additional notice to Landlord (the "Additional Notice"), specifying such Landlord Failure Default and Tenant’s 's intention to xxxxx abate the payment of Rent under this Lease. If Landlord does Landxxxx xoes not cure such Landlord Failure sucx Xxxdlord Default within three five (35) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx abate Rent payable under this Lease for that portion of the Premises rendered rendxxxx untenantable and not used by Tenant, for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Default or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx abate Rent shall be Tenant’s 's sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failureequitx xxx x Xxndlord Default. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 1 contract

Samples: Office Lease (Capital Growth Holdings LTD /De/)

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Rent Abatement. If Landlord fails to perform the obligations required of Landlord under the terms of this Lease and such failure causes all or a portion of the Premises to be untenantableuntenantable and unusable by ‘Tenant and such failure relates to the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the electricity in the Premises, the nonfunctioning of the elevator service to the Premises, or if a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant tenant shall give Landlord notice (the “Initial Notice”), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a the “Landlord FailureDefault”). , If Landlord has not cured such Landlord Failure Default within five three (53) business days after the receipt of the Initial Notice (the “Eligibility Period”), Tenant may deliver an additional notice to Landlord (the “Additional Notice”), specifying such Landlord Failure and Tenant’s intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure within three (3) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx axxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, Tenant for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Default or the date Tenant tenant recommences the use of such portion of the Premises. Such right to xxxxx axxxx Rent shall be Tenant’s sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failureDefault. Except as provided in this Section 6.4, . nothing contained herein shall be interpreted to mean that Tenant tenant is excused from paying Rent due hereunder.

Appears in 1 contract

Samples: Office Lease (KAYAK SOFTWARE Corp)

Rent Abatement. If (i) Landlord fails to perform the obligations required of Landlord under the TCCs of this Lease and (whether or not such failure relates to the negligence or willful misconduct of Landlord, its employees, agents, or contractors), (ii) such failure causes all or a portion of the Premises to be untenantableuntenantable by Tenant, and (iii) such failure relates to (A) the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the nonfunctioning of electricity in the Premises, the nonfunctioning of the elevator service to the Premises, the nonfunctioning of the fire sprinkler-system, or if (B) a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant shall give Landlord notice (the “Initial Notice”), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a the Landlord FailureAbatement Event”). If Landlord has not cured such Landlord Failure Abatement Event within five three (53) business days after the receipt of the Initial Notice (the “Eligibility Period”), Tenant may deliver an additional notice to Landlord (the “Additional Notice”), specifying such Landlord Failure Abatement Event and Tenant’s intention to xxxxx axxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Abatement Event within three two (32) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx axxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five three (53) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Abatement Event or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx axxxx Rent shall be Tenant’s sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failurean Abatement Event. Except as provided in this Section 6.46.7, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 1 contract

Samples: Work Letter Agreement (Dexcom Inc)

Rent Abatement. If Landlord fails to perform the obligations required of Landlord under the terms of this Lease and such failure causes all or a portion of the Premises to be untenantableuntenantable and unusable by Tenant and such failure relates to the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the electricity in the Premises, the water in the Premises, the nonfunctioning of the elevator service to the Premises, or if a failure to provide access to the negligence or willful misconduct of Landlord causes all or a portion of the Premises to become untenantablePremises, Tenant shall give Landlord notice (the "Initial Notice"), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a “the "Landlord Failure”Default"). If Landlord has not cured such Landlord Failure Default within five (5) business days after the receipt of the Initial Notice (the "Eligibility Period"), Tenant may deliver an additional notice to Landlord (the "Additional Notice"), specifying such Landlord Failure Default and Tenant’s 's intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Default within three five (35) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure Default or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall be Tenant’s 's sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failureDefault. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 1 contract

Samples: Office Lease (Wageworks, Inc.)

Rent Abatement. If Landlord fails to perform the obligations required of Landlord under this Lease and such failure causes all or a portion of the Premises to be untenantable, or if untenantable and such failure relates to the negligence or willful misconduct of Landlord causes all or a portion non-functioning of the Premises to become untenantableBase Building HVAC, mechanical, electrical or plumbing systems, Tenant shall give Landlord notice (the “Initial Notice”), specifying such failure to perform by Landlord or such negligence or willful misconduct (referred to herein as a the “Landlord Failure”). If Landlord has not cured such Landlord Failure within five (5) business days after the receipt of the Initial Notice (the “Eligibility Period”), Tenant may deliver an additional notice to Landlord (the “Additional Notice”), specifying such Landlord Failure and TenantXxxxxx’s intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure within three five (35) business days of receipt of the Additional Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the date five (5) business days after the Initial Notice to the earlier of the date Landlord cures such Landlord Failure or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent Xxxx shall be Tenant’s sole and exclusive remedy at law or in equity for a Landlord Failure. Under no circumstances shall any public safety power shutoff (“PSPS”), planned maintenance outage or other power shutoff by PG&E or any other utility provider render Landlord liable to Tenant for abatement of Rent. Tenant’s right to xxxxx Xxxx shall be Tenant’s sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failure. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 1 contract

Samples: Office Lease (Doma Holdings, Inc.)

Rent Abatement. If Landlord fails to perform the obligations required of Landlord under the terms of this Lease and such failure causes all or a portion of the Premises to be untenantableunusable by, or if inaccessible to, Tenant and such failure relates to (x) the negligence nonfunctioning of the Building HVAC system in the Premises, the interruption of electricity to the Premises, the nonfunctioning of the elevator service to the Premises, or willful misconduct of Landlord causes (y) a failure to provide access to all or a portion of the Premises (including as a result of any work performed by Landlord in or about the Premises or the Building unless in response to become untenantableTenant's request or as a result of Tenant's breach of this Lease), Tenant shall give Landlord notice to the Building management office and the other Landlord notice addresses set forth in Section 11 of the Summary (the "Initial Failure Notice"), specifying such failure to perform by Landlord or (the "Abatement Event"). The address for the Building management office is currently 000 Xxxxx Xxxxxx, Xxxxx 000, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000, provided that Landlord may change such negligence or willful misconduct (referred address and its other notice addresses from time to herein as a “Landlord Failure”)time by notice to Tenant. If Landlord has not cured such Landlord Failure Abatement Event within five three (53) business days after the receipt of the Initial Failure Notice (the "Eligibility Period"), Tenant may deliver an additional notice to Landlord (the "Additional Failure Notice"), specifying such Landlord Failure Abatement Event and Tenant’s 's intention to xxxxx the payment of Rent under this Lease. If Landlord does not cure such Landlord Failure Abatement Event within three (3) business days of receipt of the Additional Failure Notice, Tenant may, upon written notice to Landlord, immediately xxxxx Rent payable under this Lease for that portion of the Premises rendered untenantable unusable or inaccessible and not used by Tenant, for the period beginning on the date five (5) business days after expiration of the Initial Notice Eligibility Period to the earlier of the date Landlord cures such Landlord Failure Abatement Event or the date Tenant recommences the use of such portion of the Premises. Such right to xxxxx Rent shall be Tenant’s 's sole and exclusive remedy at law or in equity for a Landlord Failure. Without limiting the generality of the foregoing, Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law permitting the termination of this Lease due to a service or utility interruption or failurean Abatement Event. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

Appears in 1 contract

Samples: Office Lease (Nektar Therapeutics)

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