Common use of Base Rent Abatement – Taking Clause in Contracts

Base Rent Abatement – Taking. In the event that this Lease is terminated pursuant to Sections 9.1.2.1, 9.1.2.3 or 9.1.2.4, above, Landlord shall refund to Tenant any prepaid Base Rent, less any sum then owing to Landlord by Tenant. If, however, this Lease is not terminated pursuant to any of said Sections, Base Rent shall be reduced proportionately to the extent that the Premises is reduced as a result of the Taking.

Appears in 5 contracts

Samples: Datacenter Lease (Rhodium Enterprises, Inc.), Datacenter Lease (Endurance International Group Holdings, Inc.), Turn Key Datacenter Lease (Endurance International Group Holdings, Inc.)

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Base Rent Abatement – Taking. In the event that this Lease is terminated pursuant to Sections 9.1.2.1, 9.1.2.3 or 9.1.2.4, above, Landlord shall refund to Tenant any prepaid Base Rent, less any sum then owing to Landlord by TenantXxxxxx. If, however, this Lease is not terminated pursuant to any of said Sections, Base Rent shall be reduced proportionately to the extent that the Premises is reduced as a result of the Taking.

Appears in 1 contract

Samples: Datacenter Lease (SilverSun Technologies, Inc.)

Base Rent Abatement – Taking. In the event that If this Lease is terminated pursuant to Sections 9.1.2.1, 9.1.2.3 or 9.1.2.4Section 9.1.6.3, above, Landlord shall refund to Tenant any prepaid Base Rent, less any sum then owing to Landlord by Tenant. If, however, this Lease is not terminated pursuant to any of said SectionsSection, Base Rent shall be reduced proportionately to based upon the extent that the Premises is reduced as a result amount of Rentable Area of the TakingTenant Space that is taken in connection therewith.

Appears in 1 contract

Samples: Indemnity Agreement (Equinix Inc)

Base Rent Abatement – Taking. In the event that this Lease is terminated pursuant to Sections 9.1.2.1, 9.1.2.3 or 9.1.2.4, above, Landlord shall refund to Tenant any prepaid Base Rent, less any sum then owing to Landlord by Tenant. If, however, this Lease is not terminated pursuant to any of said Sections, Base Rent related to the taken Tenant Space shall be reduced proportionately to the extent that the Premises square footage of each such Tenant Space is reduced as a result of the Taking.

Appears in 1 contract

Samples: Datacenter Lease (Rackspace Hosting, Inc.)

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Base Rent Abatement – Taking. In the event that this Lease is terminated pursuant to Sections 9.1.2.1, 9.1.2.3 or 9.1.2.4Section 9.1.2.3, above, Landlord shall refund to Tenant any prepaid Base Rent, less any sum then owing to Landlord by Tenant. If, however, this Lease is not terminated pursuant to any of said SectionsSection, Base Rent shall be reduced proportionately to and equitably, based on the extent that the Premises is reduced as a result amount of square feet of the TakingBuilding that is taken in connection therewith.

Appears in 1 contract

Samples: Duane Avenue (Equinix Inc)

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