Common use of ADJUSTMENT FOR VACANT PREMISES Clause in Contracts

ADJUSTMENT FOR VACANT PREMISES. A. If the Government fails to occupy any portion of the leased Premises or vacates the Premises in whole or in part prior to expiration of the term of the Lease, the rental rate will be reduced by the agreed rate reduction. B. If no rate reduction has been established in this Lease, the rate will be reduced by that portion of the costs per SF of rent, and operating expenses not required to maintain the Space. C. Said reduction shall occur after the Government gives thirty (30) calendar days’ prior notice to the Lessor and shall continue in effect until the Government occupies the vacant Premises or the Lease expires or is terminated.