Common use of Consequences of Recapture Clause in Contracts

Consequences of Recapture. Base Rent and Additional Rent shall be recalculated upon any recapture. To recalculate the Base Rent under this Lease if Lessor recaptures the Recapture Space, the then current Base Rent (immediately before Lessor's recapture) under the Lease shall be multiplied by a fraction, numerator of which is the square feet of the Rentable Area retained by Lessee after Lessor's recapture and the denominator of which is the total square feet of the Rentable Area before Lessor's recapture. The Additional Rent, to the extent that it is calculated on the basis of Rentable Area of the Building, shall be recalculated in identical fashion. This Lease as so amended shall continue thereafter in full force and effect. Either party may require written confirmation of the amendments to this Lease necessitated by Lessor's recapture of the Recapture Space. If Lessor recaptures the Recapture Space, Lessor shall, at Lessor's sole expense, construct, paint, and furnish any partitions required to segregate the Recapture Space from the remaining Premises retained by Lessee.

Appears in 2 contracts

Samples: Informatica Corp, Informatica Corp

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Consequences of Recapture. Base Rent and Additional Rent shall be recalculated upon any recapture. To recalculate the Base Rent under this Lease if Lessor recaptures the Recapture Space, the then current Base Rent (immediately before Lessor's ’s recapture) under the Lease shall be multiplied by a fraction, numerator of which is the square feet of the Rentable Area retained by Lessee after Lessor's ’s recapture and the denominator of which is the total square feet of the Rentable Area before Lessor's ’s recapture. The Additional Rent, to the extent that it is calculated on the basis of Rentable Area of the Building, shall be recalculated in identical fashion. This Lease as so amended shall continue thereafter in full force and effect. Either party may require written confirmation of the amendments to this Lease necessitated by Lessor's ’s recapture of the Recapture Space. If Lessor recaptures the Recapture Space, Lessor shall, at Lessor's ’s sole expense, construct, paint, and furnish any partitions required to segregate the Recapture Space from the remaining Premises retained by Lessee.

Appears in 2 contracts

Samples: Agreement and Certificate (Openwave Systems Inc), Agreement and Certificate (Openwave Systems Inc)

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Consequences of Recapture. Base Rent and Additional Rent shall be recalculated upon any recapture. To recalculate In the event of a recapture by Landlord, to determine the new Base Rent under this Lease if Lessor recaptures the Recapture Spacefollowing a recapture, the then current Base Rent (immediately before Lessor's Landlord’s recapture) under the this Lease shall be multiplied by a fraction, the numerator of which is the square feet of the Rentable Area retained by Lessee Tenant after Lessor's Landlord’s recapture and the denominator of which is the total square feet of the Rentable Area immediately before Lessor's Landlord’s recapture. The Additional Rent, to the extent that it is calculated on the basis of Rentable Area of the BuildingPremises, shall be recalculated in identical fashionadjusted to reflect Tenant’s Share based on the Rentable Area of the Premises retained by Tenant after Landlord’s recapture. This Lease as so amended shall continue thereafter in full force and effect. Either party may require written confirmation of the amendments to this Lease necessitated by Lessor's Landlord’s recapture of the Recapture Space. If Lessor Landlord recaptures the Recapture Space, Lessor Landlord shall, at Lessor's Landlord’s sole expense, promptly construct, paint, and furnish any partitions required to segregate the Recapture Space from the remaining Premises retained by LesseeTenant as well as arrange separate metering of utilities and repair any damage created by the partition.

Appears in 1 contract

Samples: Lease Agreement (C3.ai, Inc.)

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