Common use of Inducement Recapture Clause in Contracts

Inducement Recapture. Any agreement for free or abated rent or other charges, for any option to extend the term of this Lease, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lessee’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon Lessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by Lessee, 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 Lessee. 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.

Inducement Recapture. Any agreement for free or abated rent or other charges, for any option to extend the term of this Lease, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lessee’s 's entering into this Lease, all of which concessions are hereinafter referred to as “"Inducement Provisions,” ", shall be deemed conditioned upon Lessee’s 's full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by LesseeLessee (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 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 Lessee. 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.

Inducement Recapture. Any agreement for free or abated rent or other charges, for any option to extend the term of this Lease, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lessee’s 's entering into this Lease, all of which concessions are hereinafter referred to as “"Inducement Provisions,” " shall be deemed conditioned upon Lessee’s 's full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon a termination of this Lease by Lessor following a Breach of this Lease by Lessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and a portion of 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 in the same proportion that the then-expired term of said Breach by Lesseethe Lease bears to the initial four-year term. The acceptance by Lessor of Rent or the cure of the Breach which initiated the operation of this foregoing paragraph shall not apply to, and there shall be deemed a waiver no recapture of, the $10,000 contribution by Lessor toward the cost of certain electrical work on the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance.Premises. [Initial]

Inducement Recapture. Any agreement for early possession, free or abated rent or other charges, for any option to extend the term of this Lease, 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 Lessee’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions,” shall be deemed conditioned upon Lessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by Lessee, 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 the Inducement Provision Provisions shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by Lessee. 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.