Abatement of Base Rent. Notwithstanding anything to the contrary contained in Section 3.1 above or Article 4 below, Landlord hereby agrees to xxxxx Tenant’s obligation to pay the following (collectively, the “Abated Rent”): (i) the monthly installments of Base Rent otherwise payable with respect to the entire initial Premises described in Section 6.2 of the Summary for the second (2nd) through eleventh (11th) months of the initial Lease Term; and (ii) the portion of the monthly installments of Base Rent otherwise payable with respect to 5,000 rentable square feet of such initial Premises for the twelfth (12th) through seventeenth (17th) months of the initial Lease Term. Notwithstanding the foregoing to the contrary, if as of the first (1st) day of such applicable month scheduled for abatement, Tenant is in monetary or material non-monetary default under this Lease, the monthly Base Rent abatement for such applicable month shall be suspended until such default is cured by Tenant (with the amount of such suspended Abated Rent to be credited toward the next monthly installment of Base Rent due under this Lease for the first (1st) month immediately following such cure that Tenant is not in monetary or material non-monetary default under this Lease). During such abatement periods, Tenant shall remain responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in the early termination of this Lease pursuant to the provisions of Article 19 below, then as a part of the recovery set forth in Article 19, Landlord shall be entitled to the recovery of the unamortized balance of the Abated Rent. For purposes of this Section 3.2, the Abated Rent shall be amortized on a straight-line basis over the scheduled 6-year initial Lease Term, and the unamortized balance thereof shall be determined based upon the unexpired portion of such initial Lease Term as of the date of such early termination.
Abatement of Base Rent. Notwithstanding Section 3.1 above to the contrary, and provided that Tenant faithfully performs all of the terms and conditions of this Lease and is not in default under this Lease beyond the expiration of all applicable notice and cure periods, Landlord hereby agrees to axxxx Tenant’s obligation to pay the monthly installments of Base Rent otherwise payable by Tenant to Landlord for the Premises (collectively, the “Abated Rent”) during the first four (4) months of the initial Lease Term. During such abatement period, Tenant shall remain responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease beyond the expiration of any applicable notice and cure periods that results in the early termination of this Lease during the Lease Term pursuant to the provisions of Article 19 below, then as a part of the recovery set forth in Article 19 below, Landlord shall be entitled to recover the unamortized balance of the Abated Rent. For purposes of this Section 3.2, the Abated Rent shall be amortized on a straight-line basis over the scheduled 76-month initial Lease Term, and the unamortized portion thereof shall be determined based upon the unexpired portion of the initial Lease Term as of the date of such early termination.
Abatement of Base Rent. Notwithstanding anything to the contrary contained herein, so long as Tenant is not then in default of its obligations under the Lease, Tenant shall be entitled to receive an abatement of the Base Rent due during the first two (2) full calendar months of the Term (the “Abatement Period”) subject to the provisions of this Section 4.01(c). During the Abatement Period, Tenant shall still be responsible for the payment of all of its other monetary obligations under the Lease (including, without limitation, Tenant’s Share of Operating Expenses, Insurance Expenses and Tax Expenses, as defined below). In the event of a default by Tenant under the terms of the Lease that results in early termination pursuant to the provisions of Article XII of this Lease, and as part of the recovery set forth in Article XII of this Lease, Landlord shall be entitled to the recovery of the Base Rent that was abated under the provisions of this Section 4.01(c).
Abatement of Base Rent. Notwithstanding the Base Rent schedule attached to this Amendment as Exhibit B, Base Rent in the amount of $30,000.00 shall be abated from Base Rent first coming due for the Expansion Space in the second (2nd) full month of the Expansion Space Term and partially in the third (3rd) full month of the Expansion Space Term.
Abatement of Base Rent. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, but subject to the provisions of Section 1.4.2 above, Landlord hereby agrees to abate Tenant's obligation to pay Tenant's monthly Base Rent for the Ixxxxxl Premises and the Must-Take Space for the following periods: (i) with respect to the Initial Premises, such abatement period shall be the first four (4) full months of the initial Lease Term (i.e., from September 1, 2002 through December 31, 2002); and (ii) with respect to the Must-Take Space, such abatement period shall be the first four (4) full months of the initial Lease Term following the Must-Take Space Commencement Date; provided, however, if the Must-Take Space Commencement Date occurs after September 1, 2002, such abatement period shall be decreased to equal the time period determined by multiplying four (4) months by the fraction, the numerator of which is equal to the number of months (or partial months) during the period from the Must-Take Space Commencement Date through December 31, 2007, and the denominator of which is sixty-four (64) (such abatement period shall commence as of the Must-Take Space Commencement Date. During the applicable abatement period described above, Tenant shall remain responsible for the payment of all of its other monetary obligations under this Lease, including, without limitation, Tenant's obligation to pay Direct Expenses as provided in Article 4 below. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Article 19 of this Lease, then as a part of the recovery set forth in Article 19 of this Lease, Landlord shall be entitled to the recovery of the Base Rent abated pursuant to the foregoing provisions of this Section 3.2.
Abatement of Base Rent. Notwithstanding Section 3.1 above, provided that Tenant fully performs all of the terms and conditions of the Lease, as hereby amended, and is not in default under the Lease, as hereby amended, Landlord hereby agrees to xxxxx Tenant's obligation to pay the monthly installments of Base Rent otherwise payable for the Premises (the "Abated Rent") during the period from April 1, 2018 through and including September 30, 2018. During such abatement period, Tenant shall remain responsible for the payment of all of its other monetary obligations under the Lease, as hereby amended. In the event of a default by Tenant under the terms of the Lease, as hereby amended, that results in the early termination of the Lease, as hereby amended, pursuant to the provisions of Section 19 of the Original Lease, then as a part of the recovery set forth in Section 19 of the Original Lease, Landlord shall be entitled to recover the Abated Rent.
Abatement of Base Rent. Notwithstanding any other term or provision of this Lease and provided Lessee is not in default pursuant to any term or provision of this Lease, Lessee shall not be required to pay Base Rent for the months of May and June of 1998.
Abatement of Base Rent. Provided that Tenant does not exercise the Early Termination Option as defined and set forth in Section 7 below, Landlord shall thereafter xxxxx Tenant's obligation to pay the monthly installments of Base Rent otherwise attributable to the Premises with respect to the following three (3) full calendar months (collectively, the “Base Rent Abatement”): January, February and March 2026.
Abatement of Base Rent. Notwithstanding the provisions of the Basic Lease Information and Tenant's obligation to pay monthly Base Rent pursuant to Section 4.1, Tenant shall be entitled to an abatement of Base Rent (the "Rent Abatement") for the period commencing on the Rent Commencement Date until the ninth (9th) month anniversary of the Rent Commencement Date (the "Rent Abatement Period") provided that no Event of Default has occurred.
Abatement of Base Rent. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of the Lease, as hereby amended, Landlord hereby agrees to xxxxx Tenant’s obligation to pay the monthly installments of Base Rent otherwise payable by Tenant for the entire Premises (for a total abatement of $122,653.24) during the first four (4) months of the Revised Term (i.e., November 1, 2016 through February 28, 2017) (collectively, the “Abatement Period”) . During the Abatement Period, Tenant shall remain responsible for the payment of all of its other monetary obligations under the Lease, as hereby amended. In the event of a default by Tenant under the terms of the Lease, as hereby amended, that results in the early termination of the Lease, as hereby amended, pursuant to the provisions of Article 15 of the Original Lease, then as a part of the recovery set forth in Article 15 of the Original Lease, Landlord shall be entitled to recover the full amount of the Base Rent abated pursuant to the foregoing provisions of this Section 2.2.
