Common use of Inducement Recapture Clause in Contracts

Inducement Recapture. Any agreement by Landlord for free, abated or deferred 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 (collectively, any "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. Upon the occurrence of any Default hereunder by Tenant, any such Inducement Provisions shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration previously abated, deferred, given or paid by Landlord under such Inducement Provisions shall be immediately due and payable by Tenant to Landlord as additional rent hereunder, notwithstanding any subsequent cure of said breach by Tenant. The acceptance by Landlord of rent or the cure of the Default that initiated the operation of this paragraph shall not be deemed a waiver by Landlord of the provisions of this paragraph unless specifically so stated in writing by Landlord at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 3 contracts

Samples: Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)

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Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable (to the Premisesextent not repaid by Subtentant to Sublandlord), or for the giving or paying by Landlord Sublandlord to or for Tenant Subtenant of any cash or other bonus, inducement or consideration for TenantSubtenant's entering into this Lease (collectivelySublease, any all of which concessions are hereinafter referred to as "Inducement Provisions") , shall be deemed conditioned upon TenantSubtenant's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantSublease. Upon Breach of this Sublease by Subtenant which results in the occurrence termination of any Default hereunder by Tenantthis Sublease, any such Inducement Provisions Provision shall automatically be deemed deleted from this Lease Sublease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration previously theretofore abated, deferred, given or paid by Landlord Sublandlord under such an Inducement Provisions Provision less any Abatement Reimbursement Rent paid pursuant to Paragraph 3.3 shall be immediately due and payable by Tenant Subtenant to Landlord as additional rent hereunder, notwithstanding any subsequent cure of said breach by TenantSublandlord. The acceptance by Landlord Sublandlord of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Sublandlord of the provisions of this paragraph with respect to any future Breach unless specifically so stated in writing by Landlord Sublandlord at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 2 contracts

Samples: Sublease Commencement Date Agreement (Ariba Inc), Sublease (Interwoven Inc)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to charges, the Premisescost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for TenantLxxxxx's entering into this Lease (collectivelyLease, any all of which concessions are hereinafter referred to as "Inducement Provisions") ," shall be deemed conditioned upon TenantLxxxxx's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLease. Upon the occurrence Breach of any Default hereunder this Lease by TenantLxxxxx, any such Inducement Provisions 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 previously theretofore abated, deferred, given or paid by Landlord Lessor under such an Inducement Provisions Provision shall be immediately due and payable by Tenant Lessee to Landlord as additional rent hereunderLessor, notwithstanding any subsequent cure of said breach Breach by TenantLxxxxx. The acceptance by Landlord Lessor of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Lessor of the provisions of this paragraph unless specifically specifically so stated in writing by Landlord Lessor at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Ceribell, Inc.), Lease Agreement (Ceribell, Inc.)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to the Premisescharges, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for Tenant's Lessee’s entering into the Lease or this Lease (collectivelyAmendment, any "all of which concessions are hereinafter referred to as “Inducement Provisions") ,” shall be deemed conditioned upon Tenant's Lessee’s full and faithful performance of all of the terms, covenants and conditions of the Lease and this Lease to be performed or observed by TenantAmendment. Upon a default by Lessee under the occurrence of any Default hereunder by TenantLease or this Amendment, any such Inducement Provisions 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 previously theretofore abated, deferred, given or paid by Landlord under Lessor pursuant to such an Inducement Provisions Provision shall be immediately due and payable by Tenant Lessee to Landlord as additional rent hereunderLessor, notwithstanding any subsequent cure of said breach default by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Default that default which initiated the operation of this paragraph Paragraph shall not be deemed a waiver by Landlord Lessor of the provisions of this paragraph Paragraph unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 2 contracts

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

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to charges, the Premisescost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for Tenant's Lessee’s entering into this Lease (collectivelyLease, any "all of which concessions are hereinafter referred to as “Inducement Provisions") ,” shall be deemed conditioned upon Tenant's Lessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLease. Upon the occurrence Breach of any Default hereunder this Lease by TenantLessee, any such Inducement Provisions Provision shall automatically be deemed deleted from this Lease | INITIALS INITIALS and of no further force or effect, and the unamortized value (amortized over the initial term) of any rent, other charge, bonus, inducement or consideration previously theretofore abated, deferred, given or paid by Landlord Lessor under such an Inducement Provisions Provision shall be immediately due and payable by Tenant Lessee to Landlord as additional rent hereunderLessor, notwithstanding any subsequent cure of said breach Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Lessor of the provisions of this paragraph unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Social Capital Suvretta Holdings Corp. I), Standard Industrial/Commercial Multi Tenant Lease Gross (Social Capital Suvretta Holdings Corp. I)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to charges, the Premisescost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for Tenant's Lxxxxx’s entering into this Lease (collectivelyLease, any "all of which concessions are hereinafter referred to as “Inducement Provisions") ,” shall be deemed conditioned upon Tenant's Lxxxxx’s full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLease. Upon the occurrence Breach of any Default hereunder this Lease by TenantLxxxxx, any such Inducement Provisions 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 previously theretofore abated, deferred, given or paid by Landlord Lessor under such an Inducement Provisions Provision shall be immediately due and payable by Tenant Lessee to Landlord as additional rent hereunderLessor, notwithstanding any subsequent cure of said breach Breach by TenantLxxxxx. The acceptance by Landlord Lessor of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Lessor of the provisions of this paragraph unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 2 contracts

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

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to charges, the Premisescost of tenant improvements for Lessee paid for or performed by Lessor, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for Tenant's Lessee’s entering into this Lease (collectivelyLease, any "all of which concessions are hereinafter referred to as “Inducement Provisions") ,” shall be deemed conditioned upon Tenant's Lessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLease. Upon the occurrence Breach of any Default hereunder this Lease by TenantLessee, any such future Inducement Provisions 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 previously theretofore abated, deferred, given or paid by Landlord Lessor under such an Inducement Provisions Provision shall be immediately due and payable by Tenant Lessee to Landlord as additional rent hereunderLessor, notwithstanding any subsequent cure of said breach Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Lessor of the provisions of this paragraph unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Lease (Zenlabs Holdings Inc)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to the Premisescharges, 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 (collectivelyLease, any 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 termsterns, covenants and conditions of this Lease Lease, including without limitation, the timely payment (i.e., prior to be performed or observed by Tenantthe time Lessee is in default, as set forth in paragraph 13.1(b)) of all rent due hereunder. Upon Breach of this Lease by Lessee (which shall be deemed to include any late payment of rent or other sums due hereunder, or the occurrence presentation in payment of any Default obligation hereunder by Tenantof any check which is not honored on the first attempt to realize on it), any such Inducement Provisions 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 previously theretofore abated, deferred, given or paid by Landlord Lessor under such Inducement Provisions an inducement Provision shall be immediately due and payable by Tenant Lessee to Landlord as additional rent hereunderLessor, notwithstanding any subsequent cure of said breach Breach by TenantLessee. The acceptance by Landlord Lessor of rent Rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Lessor of the provisions of this paragraph unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions Notwithstanding anything else herein to the contrary, Lessee shall not be subject to the loss of an inducement due to a default in connection the payment of Rent if Lessee has not been late with respect to the payment of Rent more than three times in the first thirty menthe of the Term, and all such late payments have been made within the time periods allowed by this Lease.

Appears in 1 contract

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

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to the Premisescharges, or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, bonus inducement or consideration for Tenant's ’s entering into this Lease Lease, all of which concessions (collectively, any "excluding the tenant improvements specified on the attached Exhibit B) are hereinafter refereed to as “Inducement Provisions") ”, shall be deemed conditioned upon Tenant's ’s full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLease. Upon the occurrence Breach of any Default hereunder this Lease by Tenant, any such Inducement Provisions 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 previously heretofore abated, deferred, given or paid by Landlord under such an Inducement Provisions Provision shall be immediately due and payable by Tenant to Landlord as additional rent hereunderLandlord, notwithstanding any subsequent cure of said breach Breach by Tenant. The acceptance by Landlord of rent or the cure of the Default that Breach which initiated the operation of this paragraph Section shall not be deemed a waiver by Landlord of the provisions of this paragraph Section unless specifically so stated in writing by Landlord at landlord as the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Commercial Lease Agreement (BioTrove, Inc.)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to the Premisescharges, or for the giving or paying by Landlord Sublandlord to or for Tenant Subtenant of any cash or other bonus, inducement or consideration for Tenant's Subtenant’s entering into this Lease (collectivelySublease, any "including but not limited to the waiver of rent during he period proceeding the Rent Commencement Date, all of which concessions are hereinafter referred to as “Inducement Provisions") ”, shall be deemed conditioned upon Tenant's Subtenant’s full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantSublease. Upon Breach of this Sublease by Subtenant, unless such Breach if fully cured to Sublandlord’s satisfaction within ten (10) business days after the occurrence of any Default hereunder by Tenantsuch Breach, any such Inducement Provisions Provision shall automatically be deemed deleted from this Lease Sublease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration previously theretofore abated, deferred, given or paid by Landlord Sublandlord under such an Inducement Provisions Provision shall be immediately due and payable by Tenant Subtenant to Landlord as additional rent hereunder, notwithstanding any subsequent cure of said breach by TenantSublandlord. The acceptance by Landlord Sublandlord of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Sublandlord of the provisions of this paragraph unless specifically so stated in writing by Landlord Sublandlord at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Sublease (Ariba Inc)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to charges, the Premisescost of tenant improvements for Lessee paid for or performed by Lessor, 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 (collectivelyLease, any 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 TenantLease. Upon the occurrence Breach of any Default hereunder this Lease by TenantLessee, any such Inducement Provisions 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 previously theretofore abated, deferred, given or paid by Landlord Lessor under such an Inducement Provisions Provision shall be immediately due and payable by Tenant Lessee to Landlord as additional rent hereunderLessor, notwithstanding any subsequent cure of said breach Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Lessor of the provisions of this paragraph unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.DRAFT

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Gross

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Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to the Premisescharges, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for Tenant's Lessee’s entering into this Lease (collectivelyLease, any "all of which concessions are hereinafter referred to as “Inducement Provisions") ,” shall be deemed conditioned upon Tenant's Lessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. If Lessor terminates the Lease due to be performed or observed a Breach of this Lease by Tenant. Upon the occurrence of any Default hereunder by TenantLessee, any such Inducement Provisions 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 previously theretofore abated, deferred, given or paid by Landlord Lessor under such Inducement Provisions an inducement Provision shall be immediately due and payable by Tenant Lessee to Landlord as additional rent hereunderLessor, notwithstanding any subsequent cure of said breach Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Lessor of the provisions of this paragraph unless specifically so stated in writing by Landlord Lessor at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (BridgeBio Pharma, Inc.)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to the Leased 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 ’s entering into this Lease (collectivelyLease, including, but not limited to, any "free rent or tenant improvement or finish allowance, all of which concessions are hereinafter referred to as “Inducement Provisions") shall be deemed conditioned upon Tenant's ’s full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantTenant during the Term hereof as the same may be extended. Upon the occurrence of any Default hereunder a default (as defined in Article 14) of this Lease by Tenant, (a) any such Inducement Provisions Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and (b) the unamortized portion of any rentRent, other charge, bonus, inducement or consideration previously theretofore abated, deferred, given or paid by Landlord under such an Inducement Provisions Provision, shall be immediately due and payable by Tenant to Landlord Landlord, and recoverable by Landlord, as additional rent hereunderAdditional Rent due under this Lease, notwithstanding any subsequent cure of said breach event of default by Tenant. The acceptance by Landlord of rent Rent or the cure of the Default that event of default which initiated the operation of this paragraph Section 17.21 shall not be deemed a waiver by Landlord of the provisions of this paragraph Section 17.21 unless specifically so stated in writing by Landlord at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Lease Agreement (Ada-Es Inc)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to the Leased 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 ’s entering into this Lease (collectivelyLease, including, but not limited to, any "rent abatement, free rent, tenant finish allowance, free parking or commissions, all of which concessions are hereinafter referred to as “Inducement Provisions") shall be deemed conditioned upon Tenant's ’s full and faithful performance of all of the terms, covenants and conditions of this the Lease to be performed or observed by TenantTenant during the term hereof as the same may be extended. Upon the occurrence of any an Event of Default hereunder of the Lease by Tenant, any such Inducement Provisions Provision shall automatically be deemed deleted from this the Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration previously theretofore abated, deferred, given or paid by Landlord under such an Inducement Provisions Provision shall be immediately due and payable by Tenant to Landlord Landlord, and recoverable by Landlord, as additional rent hereunderdue under the Lease, notwithstanding any subsequent cure of said breach Event of Default by Tenant. The acceptance by Landlord of rent or the cure of the Default that initiated the operation of this paragraph shall not be deemed a waiver by Landlord of the provisions of this paragraph unless specifically so stated in writing by Landlord at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Lease Agreement

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable (to the Premisesextent not repaid by Subtenant to Sublandlord), or for the giving or paying by Landlord Sublandlord to or for Tenant Subtenant of any cash or other bonus, inducement or consideration for TenantSubtenant's entering into this Lease (collectivelySublease, any all of which concessions are hereinafter referred to as "Inducement Provisions") , shall be deemed conditioned upon TenantSubtenant's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantSublease. Upon Breach of this Sublease by Subtenant which results in the occurrence termination of any Default hereunder by Tenantthis Sublease, any such Inducement Provisions Provision shall automatically be deemed deleted from this Lease Sublease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration previously theretofore abated, deferred, given or paid by Landlord Sublandlord under such an Inducement Provisions Provision less any Abatement Reimbursement Rent paid pursuant to Paragraph 3.3 shall be immediately due and payable by Tenant Subtenant to Landlord as additional rent hereunder, notwithstanding any subsequent cure of said breach by TenantSublandlord. The acceptance by Landlord Sublandlord of rent or the cure of the Default that Breach which initiated the operation of this paragraph shall not be deemed a waiver by Landlord Sublandlord of the provisions of this paragraph with respect to any future Breach unless specifically so stated in writing by Landlord Sublandlord at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Sublease Commencement Date Agreement (Interwoven Inc)

Inducement Recapture. Any agreement by Landlord for free, free or abated or deferred rent or other charges applicable to the Premisescharges, 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 (collectivelyLease, any 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 TenantLease. Upon the occurrence ANY UNCURED Breach of any Default hereunder this Lease by Tenant, any such Inducement Provisions Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and a prorated portion of any rentRent, other charge, bonus, inducement or consideration previously theretofore abated, deferred, given or paid by Landlord under such an Inducement Provisions Provision shall be immediately due and payable by Tenant to Landlord as additional rent hereunderLandlord, notwithstanding any subsequent cure of cure-of-said breach Breach by Tenant. The acceptance by Landlord of rent or the cure of the Default that Breach which initiated the operation of this paragraph Paragraph shall not be deemed a waiver by Landlord of the provisions of this paragraph unless specifically so stated in writing by Landlord at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Lease Agreement (Summit Healthcare REIT, Inc)

Inducement Recapture. Any agreement by Landlord for free, abated or deferred 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 (collectively, any "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. Upon the occurrence of any Default hereunder by Tenant, any such Inducement Provisions shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration previously abated, deferred, given or paid by Landlord under such Inducement Provisions shall be immediately due and payable by Tenant to Landlord as additional rent hereunder, notwithstanding any subsequent cure of said breach by Tenant. The acceptance by Landlord of rent or the cure of the Default that initiated the operation of this paragraph shall not be deemed a waiver by Landlord of the provisions of this paragraph unless specifically so stated in writing by Landlord at the time of such acceptance. Landlord acknowledges that there are no Inducement Provisions in connection with this Lease.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

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