Common use of Proration of Rent Clause in Contracts

Proration of Rent. If this Lease is terminated under this Article 16, the termination shall be effective on the Termination Date, and Landlord shall prorate Rent to that date. Tenant shall be obligated to pay Rent for the period up to, but not including, the Termination Date as prorated by Landlord. Landlord shall return to Tenant prepaid Rent allocable to any period on or after the Termination Date.

Appears in 3 contracts

Samples: Lease (Spectranetics Corp), Cayenta Inc, Acc Consumer Finance Corp

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Proration of Rent. If this Lease is terminated under this Article 16Section 22, the termination shall be effective on the Termination Date, and Landlord shall prorate Rent to that date. Tenant shall be obligated to pay Rent for the period up to, but not including, the Termination Date as prorated by Landlord. Landlord shall return to Tenant prepaid Rent (if any) allocable to any period on or after the Termination Date.

Appears in 3 contracts

Samples: Lease Agreement (Zev Ventures Inc.), Lease Agreement (Full Spectrum Inc.), Lease Agreement (Alliance Fiber Optic Products Inc)

Proration of Rent. If this Lease is terminated under this Article 1615, the termination shall be effective on the Termination Date, and Landlord shall prorate Rent to that date. Tenant shall be obligated to pay Rent for the period up to, but not including, the Termination Date as prorated by Landlord. Landlord shall return to Tenant prepaid Rent allocable to any period on or after the Termination Date.

Appears in 2 contracts

Samples: Office Lease (Inpixon), Office Lease (National Information Group)

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Proration of Rent. If this Lease is terminated under this Article 1617, the termination shall be effective on the Termination Date, and Landlord shall prorate Rent to that date. Tenant shall be obligated to pay Rent for the period up to, but not including, the Termination Date as prorated by Landlord. Landlord shall return to Tenant prepaid Rent allocable to any period on or after the Termination Date.

Appears in 2 contracts

Samples: Sublease Agreement (Starent Networks, Corp.), Agreement (Starent Networks, Corp.)

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