Reduction in Base Rent Clause Samples
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Reduction in Base Rent. In the event Tenant exercises its Expansion Rights such that the total space leased by Tenant is 75,000 square feet or more, Landlord shall discount the total space or square footage leased by Tenant by $0.50 per square foot per year for the remainder of the Lease Term from and after the date on which the Premises contains 75,000 square feet of space or more.
Reduction in Base Rent. In the event of a Taking which does not result in a termination of the Lease, Base Rent and Tenant’s Percentage (if applicable) shall be proportionately reduced based on the portion of the Premises rendered unusable, and Landlord shall restore the Premises or the Building to the extent of available proceeds or awards from such Taking. Landlord shall not be required to repair or restore any damage to Tenant’s Property or any Alterations.
Reduction in Base Rent. FC Products acknowledges that it is receiving a reduction in Base Rent, as shown on the attached Exhibit D. If FC Products surrenders any portion of the Sub-subleased Premises, any reduction in Base Rent which would otherwise be attributable to a reduction in space leased shall be postponed until such time as Sublandlord and FCC have recouped the entire subsidy granted prior to the date of surrender.