Rent Abatement definition

Rent Abatement means a reduction in base rent due under the Lease: (1) by reason of the Tenant's or Owner's exercise of the right under the Lease to xxxxx Rent in the event of Condemnation, or (2) in the event the Lease does not specifically provide such right, such reduction is pursuant to a final, non-appealable order or judgment granting the Tenant or Owner such reduction in the event of Condemnation.

Rent Abatement means an agreement by the Company and a tenant to suspend rent payments for a period of time without corresponding repayment of the suspended payments;

Rent Abatement. Provided that Tenant is not in material breach of the Lease, and no amount of Adjusted Rental is then past due, the Basic Rental shall xxxxx and be deemed timely paid by Tenant for the eighteenth (18th) month and thirty-sixth (36th) month of the lease Term (collectively the “Rent Abatement Months”). Notwithstanding any other term or condition of this Lease, Tenant need not pay Landlord any Basic Rental for the Rent Abatement Months.

Examples of Rent Abatement in a sentence

• During the term of this Agreement, the Contractor will act as Rent Abatement Hearing Examiner in all matters assigned to him by the Rent Abatement Clerk.

• The purpose of this Agreement is to provide for a Rent Abatement Hearing Examiner to conduct hearings, to mediate abatement disputes, and to prepare decisions in rent abatement proceedings conducted in accordance with Chapter 32 of the Madison General Ordinances.

• The City shall pay the Contractor within fifteen (15) days of Contractor submitting to the Rent Abatement Clerk a detailed statement of services performed and number of total minutes spent in performing such services.

• Within ten (10) days after the Judgment becomes Final, Xxxxxx Xxxxxx shall wire transfer into the Cash Settlement Account the Net Cash Settlement Amount, which, as described in the following paragraph, will consist of the Settlement Amount less the Rent Abatement Portion, the amount paid for the Attorneys’ Fees and Expenses Award, and the amount paid for the Representative Plaintiffs’ Compensatory Award.

• The City will pay the Contractor for Training of an alternate Rent Abatement Hearing Examiner at a rate of Sixty-Five Dollars per hour ($65.00/hour), with a cap of $300.00 per alternate examiner.

More Definitions of Rent Abatement

Rent Abatement. If all or any part of the Premises are damaged by fire or other casualty and this Lease is not terminated as hereinabove provided, Monthly Base Rental shall abatx xxx that part of the Premise which are untenantable on a per diem and proportionate area basis from the date three (3) business days after the date of the fire or other casualty causing such damage until such time as Landlord has substantially completed the repair and restoration work in the Premises which it is required to perform, provided, that as a result of such fire or other casualty, Tenant does not occupy the portion of the Premises which are untenantable during such period.

Rent Abatement shall have the meaning set forth in Section 4.2 hereof.

Rent Abatement means the Base Rent that would otherwise have been due pursuant to Section 32 from the Commencement Date through March 14, 2000. For example, if the Lease commences on November 15, 1999, the abatement of Rent would equal $360,000.00 (3 months multiplied by $80,000.00 + 1 month multiplied by $120,000.00 = $360,000.00).

Rent Abatement has the meaning ascribed in Paragraph 4.4 7

Rent Abatement means a reduction of rent owed by Tenant pursuant to Section 3.1 and further described in Exhibit I.

Rent Abatement. Notwithstanding anything to the contrary herein, the Monthly Base Rent as specified above for the Suite 300 Premises shall be abated by fifty percent (50%) in each of the 1st , 2nd , 13th , 14th , 25th and 26th full calendar months following the Suite 350 Premises Commencement Date, to the extent such abatement months occur prior to February 28, 2019 (and if not, then such abated months shall be the last months of the Term). Tenant’s Percentage Share for Suite 300 Premises: 2.75% Base Year for Suite 300 Premises: The calendar year immediately following the Suite 300 Premises Actual Delivery Date

Rent Abatement means Tenant's right to xxxxx payment of its Basic Monthly Rent for the period beginning on the Commencement Date and expiring on the earliest of the following (the "Rent Commencement Date"): (a) 60 days after the Commencement Date; (b) the day on which Tenant begins business operations from the Premises; and (c) the day on which Tenant's Work is substantially completed such that Tenant is able to commence normal business operations from the Premises. The Rental Commencement Date shall mean that date which is one (1) day following the date the Rent Abatement period expires.