Abatement Event shall have Financing Program” has the meaning given to the meaning given to such term in the Facility Lease.
Abatement Event shall have the meaning set forth in Section 8.3(b), below.
Abatement Event shall have the meaning given to such term in the Facility Lease.
Examples of Abatement Event in a sentence
Such right to xxxxx Base Rent and Tenant’s Share of Direct Expenses shall be Tenant’s sole and exclusive remedy for rent abatement at law or in equity for an Abatement Event.
To the extent an Abatement Event is caused by an event covered by Articles 11 or 13 of this Lease, then Tenant’s right to xxxxx rent shall be governed by the terms of such Article 11 or 13, as applicable, and the Eligibility Period shall not be applicable thereto.
Such right to xxxxx Rent shall be Tenant’s sole and exclusive remedy at law or in equity for an Abatement Event.
To the extent an Abatement Event is caused by an event covered by Articles 11 or 13 of this Lease, then Tenant's right to xxxxx rent shall be governed by the terms of such Article 11 or 13, as applicable, and the Eligibility Period shall not be applicable thereto.
Such right to xxxxx Base Rent and Tenant's Share of Direct Expenses shall be Tenant's sole and exclusive remedy for rent abatement at law or in equity for an Abatement Event.
More Definitions of Abatement Event
Abatement Event shall have the meaning as set forth in Section 7.1.
Abatement Event means any of the following: (i) Landlord fails to provide any of the Essential Services required under this Lease to be provided to the Premises, (ii) Landlord fails to make the repairs required under this Lease to be made by Landlord or (iii) Landlord’s entry into the Premises to make repairs to the Building. The term “Essential Services” means any of the following: electricity; HVAC; passenger elevator service; water for lavatory purposes; and any other service required under this Lease to be provided to the Premises which if interrupted would prevent Tenant from using and occupying the Premises for the conduct of its business (or the applicable material portion thereof).
Abatement Event means any of the following, provided same substantially interferes with Tenant's use of the Premises and Tenant as a result thereof vacates all, or a portion of the Premises because Tenant can no longer use same for its business purposes:
Abatement Event means and refer solely to any one or more of the following:
Abatement Event means any of the following, provided same substantially interferes with Tenant's use of the Demised Premises and Tenant as a result thereof vacates all, or a portion of the Demised Premises because Tenant can no longer use same for its business purposes: (i) any repair, maintenance or other work by Landlord done or not done in or about the Demised Premises; (ii) any default by Landlord under this Lease; or (iii) the presence of any Hazardous Materials at the Demised Premises not caused by Tenant. C. If an Abatement Event occurs and continues for five (5) consecutive days, all base Rent shall xxxxx from the date the Abatement Event first occurred until its cessation. In the event of an Abatement Event that renders only part of the Demised Premises unusable, the abatement shall be calculated by multiplying the base rent and any additional rent by the proportion that the square footage of the portion of the Demised Premises so affected bears to the square footage of the entire Demised Premises, provided, however, if the interference is to Tenant's use of the Demised Premises and is such that the unaffected portion of the Demised Premises, if any, is not sufficient to allow Tenant to conduct effectively its business from such portion, the said base rent, additional rent and any other charges due hereunder shall totally xxxxx until such interference ceases. ARTICLE 27 [INTENTIONALLY OMITTED]
Abatement Event means only: (a) any failure by Landlord to substantially complete the Additional Landlord's Work on or before the Outside Completion Date (defined below); (b) any (i) alteration or construction by Landlord in the Building or the Premises after the Commencement Date, (ii) any repair or maintenance which Landlord is required to perform hereunder and which Landlord fails to perform after the Commencement Date; (c) any failure, for any reason within Landlord's reasonable control, to provide services, utilities or access to the Premises; or (d) the presence of any Hazardous Materials in, on, under or about, the Premises or any portion thereof (or the abatement by Landlord thereof in accordance with Paragraph 3.1.4, below) that were present in, on, under or about the Premises on the Effective Date or that become present in, on, under or about the Premises or any portion thereof at any time after the Effective Date other than as a result of any act or omission of Tenant or any other Tenant's Party. As used herein, the "OUTSIDE COMPLETION DATE" shall mean April 15, 2006; provided, however, that notwithstanding anything to the contrary herein, the Outside Completion Date shall be extended on a day for day basis for each day of delay in substantial completion of the material Landlord's Work that is caused by a Tenant Delay or a Qualifying Holdover Delay. Such right to xxxxx Base Rent and Additional Rent under this Paragraph 3.1.4 shall be Tenant's sole and exclusive remedy at law or in equity for an Abatement Event; provided, however, that such right to xxxxx rent (for an Abatement Event) under this Section 3.1.4 shall not in any manner prohibit the exercise by Tenant of its right to terminate this Lease in accordance with and under Section 1.3.2(b), above (to the extent permitted thereunder); provided, further, however, that if Landlord has not cured any such Abatement Event (other than any Abatement Event described in clause (a), above) within one hundred eighty (180) days after the Landlord's receipt of written notice of the Abatement Event from Tenant, Tenant shall additionally have the right to terminate this Lease during the first five (5) business days of each calendar month following the end of such one hundred eighty (180) day period and continuing until such time as Landlord shall have cured the Abatement Event, which right may be exercised only by delivery of notice to Landlord (the "ABATEMENT EVENT TERMINATION NOTICE") during such five (5) business-day p...
Abatement Event means the destruction of, or material damage to, all or any portion of the Premises by fire, earthquake, riot, storm, war, or by any other casualty beyond the control of the Lessor or the Lessee so that the Premises becomes wholly or partly unusable.