Free Rent Period definition

Free Rent Period. As defined in Section 3.7.

Free Rent Period is hereby defined as follows: (i) if the Commencement Date is the first day of a calendar month, the Free Rent Period shall be the period beginning on the Commencement Date and ending on the last day of the third (3rd) complete calendar month following the Commencement Date, and (ii) if the Commencement Date is a day other than the first day of a calendar month, the Free Rent Period shall be the period beginning on the Commencement Date and ending on the day immediately preceding the day which corresponds numerically to the Commencement Date in the third (3rd) calendar month following the calendar month which contains the Commencement Date (provided that if there is no such numerically corresponding day in such third (3rd) calendar month, the Free Rent Period shall end on the last day of such third (3rd) calendar month).

Free Rent Period shall have the meaning ascribed to it in Schedule “D”;

Examples of Free Rent Period in a sentence

• At the conclusion of the Free Rent Period, this Section 4.15 shall have no further force or effect.

• After the expiration of the Free Rent Period, Tenant agrees to pay to Landlord as rent for the Leased Premises, at such place as Landlord may designate in writing, without prior demand and without any deduction or off- set whatsoever, a monthly rent (“the “Rent”) of One Dollar ($1.00) per square foot in the Leased Premises per month for a total monthly Rent of One Thousand Three Hundred Dollars and zero Cents ($1,300.00).

• Each subsequent Lease year will begin on the day following the day that the prior Lease year expired, and will end on the anniversary of the prior Lease year’s expiration date; provided, however, the Lease year in which the initial Lease term expires may be longer than twelve (12) full calendar months (due to the inclusion of the Free Rent Period at the beginning of the first Lease year).

• It is acknowledged and agreed that in consideration for the Tenant being responsible for all the costs associated with the Landlord’s Work as contemplated herein, the cost of the Landlord’s Work shall be included in total amount subject recoverable by the Tenant and to the Free Rent Period (as hereinafter defined) subject to the terms and conditions of this Schedule “D” and the Lease, generally.

• After the expiration of the Free Rent Period, Xxxxxx agrees to pay to Landlord as rent for the Leased Premises, at such place as Landlord may designate in writing, without prior demand and without any deduction or off- set whatsoever, a monthly rent (“the “Rent”) of One Dollar ($1.00) per square foot in the Leased Premises per month for a total monthly Rent of One Thousand Three Hundred Dollars and zero Cents ($1,300.00).

More Definitions of Free Rent Period

Free Rent Period. (as defined in Section 4.2, below), or (b) the date upon which Tenant presents Landlord with proof that Tenant's net worth has reached at least Ten Million Dollars ($10,000,000.00), which proof shall include financial statements prepared in accordance with generally accepted accounting principles, and Tenant shall provide Landlord with any additional proof as to Tenant's net worth which Landlord reasonably requests prior to being released from Tenant's obligation to maintain the Letter of Credit. Alternatively, if at any time after the last day of the twelfth (12th) month after the expiration of the Free Rent Period, Tenant is unable to meet the net worth criteria specified in clause (b) above, then provided Tenant is not currently and has not been in Default hereunder, Tenant shall have the option to deposit a cash security deposit with Landlord in the amount of Ninety-Five Thousand Three Hundred Twenty Eight and 31/100 Dollars ($95,328.31), in which event Tenant's obligation to maintain the Letter of Credit shall cease upon Landlord's receipt of such cash security deposit. Any such cash security deposit shall be held by Landlord pursuant to the terms of Section 19.8

Free Rent Period are defined in Article 38.

Free Rent Period. From N/A to N/A = $_________ Per Month Fixturing Period: From June 1, 2005 to July 31, 2005 Expiration Date: July 31, 2008

Free Rent Period. Notwithstanding the provisions in Article 1.5 of this lease, the minimum monthly rent due under the lease for the first, second and third months of the lease term shall be zero (0). During the free period, Tenant shall pay the operating costs and other charges (other then the minimum monthly rent) in accordance with the terms of the lease.

Free Rent Period means the sum of One Hundred Five (105) Days plus the number of days, if any, comprising the Late Delivery Period. The term “Late Delivery Period” shall equal the number of days that elapse, if any, between Adjusted Target Substantial Completion Date and the Delivery Date if the Tenant Improvements have not been substantially completed by the Adjusted Target Substantial Completion Date.

Free Rent Period. The period between the Commencement Date and the Rent Commencement Date. See Paragraph 4.A Expiration Date: April 30, 2009 Landlord: Renco Investment Company

Free Rent Period. In addition, if any portion of the Allowance (as defined in EXHIBIT D) is not used by Tenant to complete Tenant’s Work (as defined in EXHIBIT D) in accordance with the Space Plans and Construction Drawings (as defined in EXHIBIT D) approved by Landlord and no Event of Default has occurred and is continuing, the unused Allowance (the “Unused Allowance”) shall at Tenant’s option upon not less than thirty (30) days prior notice to Landlord after final determination of any Unused Allowance and receipt of all final lien waivers for the Tenant, be credited against any Rent then due Landlord from Tenant or Tenant may receive a payment equal to the Unused Allowance. With respect to any expansion or renewal of this Lease for which Tenant is provided an allowance for tenant improvements, the portion of the allowance not used by Tenant for such tenant improvements (not in excess of twenty-five percent (25%) of such allowance) may be credited against any Rent payable during the extension or renewal term on the same terms as set forth above.