Common use of INDUCEMENT RECAPTURE IN EVENT OF BREACH Clause in Contracts

INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, inducement or consideration for Tenant's entering into this Lease, all of which concessions are hereinafter referred to as "INDUCEMENT PROVISIONS" shall be deemed conditioned upon Tenant's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by Tenant, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, --15-- Initials /s/ MB / XXX ------------ and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Landlord under such an Inducement Provision shall be immediately due and payable by Tenant to Landlord, and recoverable by Landlord, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by Tenant. The acceptance by Landlord of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord at the time of such acceptance. LANDLORD AND TENANT ACKNOWLEDGE THAT THERE WAS NO INDUCEMENT OR CONSIDERATION GIVEN TO TENANT TO ENTER THIS LEASE.

Appears in 1 contract

Samples: Lease Agreement (SBS Technologies Inc)

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INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord Lessor for free or abated rent or other charges applicable to the Premises, Premises or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement Inducement or consideration for TenantLessee's entering into this Lease, lease all of which concessions are hereinafter referred to as "INDUCEMENT PROVISIONSInducement Provisions" shall be deemed conditioned upon TenantLessee's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLessee during the term hereof as the same may be extended. Upon the occurrence of a breach (as defined in Paragraph ??) of this Lease by Lessee, any such Inducement inducement Provision shall automatically be deemed deleted ?????? from this Lease and of no further force or effect, --15-- Initials /s/ MB / XXX ------------ and any rentother form of ??????????, other charge, bonus, inducement or consideration theretofore abated, given or paid by Landlord Lessee under such an Inducement inducement Provision shall be immediately due and payable by Tenant Lessee to LandlordLessor, and recoverable by LandlordLessor, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord Lessor of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. LANDLORD AND TENANT ACKNOWLEDGE THAT THERE WAS NO INDUCEMENT OR CONSIDERATION GIVEN TO TENANT TO ENTER THIS LEASE.

Appears in 1 contract

Samples: Lease Agreement (Launch Media Inc)

INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord Lessor for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for TenantLessee's entering into this Lease, all of which concessions are hereinafter referred to as "INDUCEMENT PROVISIONS," shall be deemed conditioned upon TenantLessee's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLessee during the term hereof as the same may be extended. Upon the occurrence of a Breach of this Lease by Lessee, as defined in Paragraph 13.1, any such Inducement inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, --15-- Initials /s/ MB / XXX ------------ and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Landlord Lessor under such an Inducement Provision shall be immediately due and payable by Tenant Lessee to LandlordLessor, and recoverable by Landlord, Lessor as additional rent due under this Lease, ADDENDUM "A" to the contract (Standard Industrial/Commercial Single-Tenant Lease - Net) dated June 26, 1995 covering the premises commonly known as 0000 Xxxxxxxx Xxxxx, Xxxxxxxxx, XX 00000 between FORMFACTOR, INC., as Lessee and XXXX X. XXXXXX as Lessor. notwithstanding any subsequent cure of said Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord Lessor of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. LANDLORD AND TENANT ACKNOWLEDGE THAT THERE WAS NO INDUCEMENT OR CONSIDERATION GIVEN TO TENANT TO ENTER THIS LEASE.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Formfactor Inc)

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INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord Lessor for free or abated rent or Tenant Improvement Allowances or other charges applicable to the Premises, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for TenantLessee's entering into this Lease, all of which concessions are hereinafter referred to as "INDUCEMENT PROVISIONSInducement Provisions" shall be deemed conditioned upon TenantLessee's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLessee during the term hereof as the same may be extended. Upon the occurrence of a Breach (as defined in Paragraph 13.1) of this Lease by Lessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, --15-- Initials /s/ MB / XXX ------------ and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Landlord Lessor under such an Inducement Provision shall be immediately due and payable by Tenant Lessee to LandlordLessor, and recoverable by LandlordLessor, as additional rent due under this Lease, notwithstanding any subsequent cure Lease and prorated based upon the portion of said the Lease Term expired at the time of the Breach by Tenantwhen compared to the portion of the Lease Terms (including unexercised options) remaining. The acceptance by Landlord Lessor of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord Lessor of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. LANDLORD AND TENANT ACKNOWLEDGE THAT THERE WAS NO INDUCEMENT OR CONSIDERATION GIVEN TO TENANT TO ENTER THIS LEASE.

Appears in 1 contract

Samples: Multi Tenant Lease (New Century Financial Corp)

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