Common use of Base Rent Abatement Clause in Contracts

Base Rent Abatement. Provided that Tenant is not then in default of the Lease (as hereby amended), then during the initial four (4) full calendar months of the following the Existing Premises Recommencement Date (the “Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Base Rent Abatement Period (the “Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Base Rent Abatement equals One Million Three Hundred Eight Thousand Seven Hundred Fourteen and 80/100 Dollars ($1,308,714.80) (i.e., $327,178.70 per month). Xxxxxx acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Third Amendment, and for agreeing to pay the Rent and perform the terms and conditions otherwise required under the Lease (as hereby amended). If Tenant shall be in default under the Lease (as hereby amended) and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease (as hereby amended), or if the Lease (as hereby amended) shall terminate other than as a result of a default by Landlord or a casualty or condemnation event, then the dollar amount of the unapplied portion of the Base Rent Abatement as of such default or termination, as applicable, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Second Expansion Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Base Rent Abatement. Provided that Tenant is not then Notwithstanding anything in default this Lease to the contrary, so long as there exists no uncured monetary or material non-monetary Event of the Lease Default, (as hereby amended), then during the initial four (4i) full calendar months of the following the Existing Premises Recommencement Date (the “Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to Premises for the first twelve (12) months after the Lease Commencement Date (the "Full Rent Abatement Period"), and (ii) for the twelve (12) months after the expiration of the Full Rent Abatement Period, Tenant shall not be obligated to pay Base Rent attributable to the Premises second floor of the Premises, containing 33,484 RSF (the "Second Floor Abatement Period"). The aggregate amount of Base Rent to be abated during such Base the Full Rent Abatement Period is $10,514,460.00 (the “Base Rent Abatement”"Fully Abated Rent"). Landlord , and Tenant acknowledge that the aggregate amount of the Base Rent to be abated during the Second Floor Abatement equals One Million Three Hundred Eight Thousand Seven Hundred Fourteen and 80/100 Dollars (Period is $1,308,714.80) 2,276,242.32 (i.e., $327,178.70 189,686.86 per month) (the "Abated Second Floor Rent"). Xxxxxx acknowledges and agrees that The total aggregated amount of the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Third Amendment, and for agreeing to pay the Fully Abated Rent and perform the terms and conditions otherwise required Abated Second Floor Rent is referred to as the "Abated Rent". If the Lease should terminate as a result of an Event of Default by Tenant, then Landlord may at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Lease (as hereby amended). If Tenant shall be in default under the Lease (as hereby amended) and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease (as hereby amended), or if the Lease (as hereby amended) shall terminate other than as a result of a default by Landlord or a casualty or condemnation event, then that the dollar amount of the unapplied portion of the Base Abated Rent Abatement as of such default or termination, as applicable, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Second Expansion Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for all of the Premises in full.

Base Rent Abatement. Provided that Notwithstanding Section 3(a) above to the contrary, Tenant is not then in default shall be entitled to an abatement of Base Rent for a period of six (6) months beginning either (i) on May 1, 2022, and ending on October 31, 2022, or (ii) provided Tenant gives written notice to Landlord of Tenant’s election under this subsection, on January 1, 2022 and ending on June 30, 2022 (the Lease (as hereby amended)applicable period being the, then during the initial four (4) full calendar months of the following the Existing Premises Recommencement Date (the “Base Rent Abatement Period”), Tenant shall in an amount not be obligated to pay any Base Rent otherwise attributable to the Premises during such Base Rent Abatement Period exceed $677,719.98 (the “Abated Base Rent AbatementRent”). Landlord and If Tenant acknowledge that the aggregate amount of the Base Rent Abatement equals One Million Three Hundred Eight Thousand Seven Hundred Fourteen and 80/100 Dollars ($1,308,714.80) (i.e., $327,178.70 per month). Xxxxxx acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Third Amendment, and for agreeing to pay the Rent and perform the terms and conditions otherwise required is in Default under the Lease (as hereby amendedamended hereby) at any time from and after the First Amendment Effective Date, then (a) at Landlord’s option, all unamortized Abated Rent credited to Tenant prior to the occurrence of the Default shall become due and payable to Landlord (with amortization to be calculated on a straight-line basis over the First Amendment Extended Term); and (b) if the Default occurs prior to the expiration of the Abatement Period, there will be no further abatement of Base Rent pursuant to this Section 3(b). If No such recapture by Landlord of the Abated Rent pursuant to clause (a) above shall constitute a waiver of any Default of Tenant or any election of remedies by Landlord. During the Base Rent Abatement Period, only Base Rent shall be abated, and all other costs and charges specified in default under the Lease (as hereby amendedamended hereby) shall remain as due and shall fail to cure such default within the notice and cure period, if any, permitted for cure payable pursuant to the provisions of the Lease (as hereby amendedamended hereby), or if the Lease (as hereby amended) shall terminate other than as a result of a default by Landlord or a casualty or condemnation event, then the dollar amount of the unapplied portion of the Base Rent Abatement as of such default or termination, as applicable, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Second Expansion Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Base Rent Abatement. Provided that Tenant is not then in default (after expiration of the Lease (as hereby amendedany applicable notice and cure periods), then during Tenant shall have no obligation to pay Base Rent with respect to the initial four Premises for the first two (42) full calendar months of the following the Existing Premises Recommencement Date Extended Term (the “Base Rent Abatement Period”), Tenant . The total amount of Base Rent abated during the Abatement Period shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Base Rent Abatement Period (the “Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Base Rent Abatement equals One Million Three Hundred Eight Thousand Seven Hundred Fourteen and 80/100 Dollars (exceed $1,308,714.80) (i.e., $327,178.70 per month). Xxxxxx acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Third Amendment, and for agreeing to pay the Rent and perform the terms and conditions otherwise required under the Lease (as hereby amended)379,671.80. If Tenant shall be in default under the Lease (as hereby amended) Lease, and shall fail to cure such default within the notice and cure periodtime, if any, permitted provided for cure pursuant to the Lease Lease, then, in addition to any other remedies Landlord may have under the Lease, Landlord, at its option, may elect any or all of the following remedies: (i) Tenant shall immediately become obligated to pay to Landlord the amount of all Base Rent previously abated hereunder during the Abatement Period, together with interest on such amounts as hereby amended), or if provided in the Lease from the date such Base Rent would have otherwise been due but for the Base Rent abatement provided herein; or (as hereby amendedii) shall terminate other than as a result of a default by Landlord or a casualty or condemnation event, then the dollar amount of the unapplied unexpired portion of the Base Rent Abatement Period as of if such default or termination, as applicable, shall be converted moved to a credit to be applied to the Base Rent applicable at the end of the Second Expansion Extended Term (provided that such abatement shall not exceed $379,671.80 in the aggregate), and Tenant shall immediately be obligated to begin paying Base Rent for at the Premises in fullfull amounts of the monthly installments therefor set forth above.

Base Rent Abatement. Provided that Tenant is not then in default (after expiration of the Lease (as hereby amendedany applicable notice and cure periods), then during Tenant shall have no obligation to pay Base Rent with respect to the initial Expansion Space for the first four (4) full calendar months of the following the Existing Premises Recommencement Date Expansion Space Term (the “Base Rent Expansion Space Abatement Period”), Tenant ) The total amount of Base Rent abated during the Expansion Space Abatement Period shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Base Rent Abatement Period (the “Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Base Rent Abatement equals One Million Three Hundred Eight Thousand Seven Hundred Fourteen and 80/100 Dollars (exceed $1,308,714.80) (i.e., $327,178.70 per month). Xxxxxx acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Third Amendment, and for agreeing to pay the Rent and perform the terms and conditions otherwise required under the Lease (as hereby amended)489,436.00. If Tenant shall be in default under the Lease (Lease, as hereby amended) , and shall fail to cure such default within the notice and cure periodtime, if any, permitted provided for cure pursuant to the Lease (Lease, as hereby amended), then, in addition to any other remedies Landlord may have under the Lease, Landlord, at its option, may elect any or if all of the following remedies: (i) Tenant shall immediately become obligated to pay to Landlord the amount of all Base Rent previously abated hereunder during the Expansion Space Abatement Period, together with interest on such amounts as provided in the Lease from the date such Base Rent would have otherwise been due but for the Base Rent abatement provided herein; or (as hereby amendedii) shall terminate other than as a result of a default by Landlord or a casualty or condemnation event, then the dollar amount of the unapplied unexpired portion of the Base Rent Expansion Space Abatement Period as of if such default or termination, as applicable, shall be converted moved to a credit to be applied to the Base Rent applicable at the end of the Second Expansion Space Term (provided that such abatement shall not exceed $489,436.00 in the aggregate), and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in fullExpansion Space at the full amounts of the monthly installments therefor set forth above.