Common use of Inducement Recapture Clause in Contracts

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lxxxxx’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon Lxxxxx’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by Lxxxxx, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by Lxxxxx. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 2 contracts

Samples: Arbitration Agreement (Brownie's Marine Group, Inc), Arbitration Agreement (Brownie's Marine Group, Inc)

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Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lxxxxx’s Lessee's entering into this Lease, all of which concessions are hereinafter referred to as "Inducement Provisions," shall be deemed conditioned upon Lxxxxx’s Lessee's full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effecteffect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 2 contracts

Samples: Guaranty of Lease (International Stem Cell CORP), static1.squarespace.com

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for LxxxxxLessee’s entering into the Lease or this LeaseAmendment, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon LxxxxxLessee’s full and faithful performance of all of the terms, covenants and conditions of the Lease and this LeaseAmendment. Upon Breach of a default by Lessee under the Lease or this Lease by LxxxxxAmendment, any such Inducement Provision shall automatically be deemed deleted from the Lease and this Lease Amendment and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under pursuant to such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach default by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach default which initiated the operation of this paragraph Paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph Paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 2 contracts

Samples: Lease (SMART Global Holdings, Inc.), Lease (SMART Global Holdings, Inc.)

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lxxxxx’s Lessee's entering into this Lease, all of which concessions are hereinafter referred to as "Inducement Provisions,” ", shall be deemed conditioned upon Lxxxxx’s Lessee's full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee (subject to any and all applicable cure periods), any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: SMART Modular Technologies (WWH), Inc.

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of for any cash or other bonus, inducement or consideration for LxxxxxLessee’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon LxxxxxLessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: Growlife, Inc.

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor Landlord to or for Lessee Tenant of any cash or other bonus, bonus inducement or consideration for LxxxxxTenant’s entering into this Lease, all of which concessions (excluding the tenant improvements specified on the attached Exhibit B) are hereinafter referred refereed to as “Inducement Provisions,” ”, shall be deemed conditioned upon LxxxxxTenant’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxTenant, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effectaffect, and any rent, other charge, bonus, inducement or consideration theretofore heretofore abated, given or paid by Lessor Landlord under such an Inducement Provision shall be immediately due and payable by Lessee Tenant to LessorLandlord, notwithstanding any subsequent cure of said Breach by LxxxxxTenant. The acceptance by Lessor Landlord of rent or the cure of the Breach which initiated the operation of this paragraph Section shall not be deemed a waiver by Lessor Landlord of the provisions of this paragraph Section unless specifically so stated in writing by Lessor at landlord as the time of such acceptance.

Appears in 1 contract

Samples: Lease Agreement (BioTrove, Inc.)

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for LxxxxxLessee’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon LxxxxxLessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such future Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and the unamortized amount of rent (amortized over the Lease term), any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: Lease (Zenlabs Holdings Inc)

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lxxxxx’s Lessee's entering into this Lease, all of which concessions are hereinafter referred to as "Inducement Provisions," shall be deemed conditioned upon Lxxxxx’s Lessee's full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.. DRAFT

Appears in 1 contract

Samples: migcres.com

Inducement Recapture. Any agreement for early possession, free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any Improvement, renovation, cash or other bonus, inducement Inducement or consideration for LxxxxxLessee’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon LxxxxxLessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an the Inducement Provision Provisions shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: Stevanato Group S.p.A.

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for LxxxxxXxxxxx’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon LxxxxxXxxxxx’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxXxxxxx, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxXxxxxx. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: Multi Tenant Office Lease (Signing Day Sports, Inc.)

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Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lxxxxx’s Lessee's entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon Lxxxxx’s Lessee's full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: Multi Tenant Office Lease (America Great Health)

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lxxxxx’s Lessee's entering into this Lease, all of which concessions are hereinafter referred to as "Inducement Provisions," shall be deemed conditioned upon Lxxxxx’s Lessee's full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: SPI Energy Co., Ltd.

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for LxxxxxLessee’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon LxxxxxLessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon If Lessor terminates the Lease due to a Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: Office Lease (BridgeBio Pharma, Inc.)

Inducement Recapture. Any agreement for free or abated rent or other charges, for any option to extend the cost term of tenant improvements for Lessee paid for or performed by Lessorthis Lease, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for LxxxxxLessee’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon LxxxxxLessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rentRent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by LxxxxxLessee. The acceptance by Lessor of rent Rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: Lease (Zulily, Inc.)

Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee Lesse paid for or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lxxxxx’s Lessee's entering into this Lease, all of which concessions are hereinafter referred to as "Inducement Provisions," shall be deemed conditioned upon Lxxxxx’s Lessee's full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LxxxxxLessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor Lesser under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by Lxxxxxlessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this paragraph shall not be deemed a waiver by Lessor of at the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.

Appears in 1 contract

Samples: Multi Tenant Office Lease (Energy Vault Holdings, Inc.)

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