Rent Abatement Period Sample Clauses

Rent Abatement Period. During the first two (2) years of the Initial Term, Lessee shall pay a reduced Base Monthly Rent as provided in the schedule set forth in Section 1.4 hereof (such period of reduced rent payment, the “Rent Abatement Period”). In the event a Lessor Delay (as defined in Exhibit “C”) occurs during the Rent Abatement Period, the Rent Abatement Period shall be extended one Day for each Day of Lessor Delay.‌
Sample 1
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Rent Abatement Period. With respect to any Applicable Portion of the Premises, the period commencing on the Delivery Date of such Applicable Portion and ending on the day preceding the Rent Commencement Date with respect to such Applicable Portion.
Sample 1
Rent Abatement Period. Notwithstanding any other provision of this Lease, and provided that no default exists on the part of Tenant under this Lease, Landlord shall provide Tenant with an eight (8) consecutive calendar month abatement of Basic Annual Rent reduced by actual Common Area Expenses incurred by Landlord during such abatement period (and for which Tenant would otherwise be liable under this Lease), such abatement period commencing on the Commencement Date if the Commencement Date occurs on the first day of a calendar month or otherwise commencing on the first day of the first full calendar month following the Commencement Date. If this Lease is terminated as a result of a default by Tenant during the initial Term described in Section 2.1, the unamortized portion (total abatement amortized over ten (10) years) of the foregoing abated of Basic Annual Rent shall be immediately due and payable. For avoidance of doubt, and regardless of the fact that this Lease otherwise provides that Tenant shall pay Additional Rent only after the Base Year, Tenant shall pay as rent during the abatement period all actual Common Area Expenses related to the Building (but not any items constituting Common Area Expense Exclusions). The estimated amount of Common Area Expenses is SEVEN AND NO/100 DOLLARS ($7.00) per Rentable Square Foot per year. Accordingly, during the abatement period, Tenant shall pay on the first day of each calendar month during the abatement period estimated Common Area Expenses of $0.583 per Rentable Square Foot per calendar month, which shall be reconciled in accordance with Section 4.3 of this Lease as though it were Additional Rent.
Sample 1
Rent Abatement Period. Notwithstanding the foregoing subsection (a), Subtenant’s obligation to pay gross Rent shall be conditionally abated as follows (the “Rent Abatement Period”): From: To: Gross Rent (per month) Gross Rent Abated (per month) Gross Rent Due and Payable (per month) June 1, 2021 June 30, 2021 $21,027.88 $21,027.88 $0.00 During the Rent Abatement Period, Subtenant’s obligation to pay any and all other charges pursuant to the terms of the Sublease shall continue in full force and effect without abatement of any kind. The abatement of gross Rent described above is expressly conditioned on Subtenant’s performance of its obligations under the Sublease throughout the Term. If there is default under the Sublease and such default leads to the enforcement of any remedies against Subtenant (including the termination of the Sublease prior to the expiration of the Term), then Subtenant shall immediately pay to Sublandlord on demand, in addition to all other amounts and damages to which Sublandlord is entitled, the amount of gross Rent which would otherwise have been due and payable during any portion of the Rent Abatement Period.
Sample 1
Rent Abatement Period. Notwithstanding the foregoing, provided no default by Tenant has occurred under this Lease (beyond applicable notice and cure periods), Base Rent otherwise payable hereunder shall be abated during [***] after the Rent Commencement Date (the “Abatement Period”). If Tenant defaults under this Lease (beyond applicable notice and cure periods) at any time during the Abatement Period, no further rent abatement will be recognized and Tenant shall immediately pay Landlord the amount of the rent abatement previously recognized. Tenant shall pay all other sums due under this Lease during the Abatement Period including parking fees and Tenant’s Proportionate Share of Operating Charges and Tenant’s Proportionate Share of Real Estate Taxes.
Sample 1
Rent Abatement Period. Provided Lessee faithfully performs all terms and conditions of this Lease during the term hereof, Lessee’s obligation to pay Base Rent, Lessee’s Share of Operating Expenses and Real Estate Taxes under this Lease shall be abated from the Commencement Date through January 31, 2002. Thereafter Lessee shall pay Base Rent, Lessee’s Share of Operating Expense and Real Estate Taxes and all other amounts due hereunder to Lessor according to the terms hereof. If Lessee at any time is in default hereunder beyond any applicable cure period, Lessor may, in addition to all other rights or remedies it may have, rescind the abatement and receive all Base Rent, Lessee’s Share of Operating Expenses and Real Estate Taxes which Lessor would have otherwise received from Lessee had there been no period of abatement. Lessor’s failure to rescind the abatement of Base Rent, Lessee’s Share of Operating Expenses and Real Estate Taxes provided for hereunder as a result of any default by Lessee shall not be deemed to be a waiver of Lessor’s right to so rescind on any subsequent default by Lessee.
Sample 1
Rent Abatement Period. The parties hereto acknowledge and reaffirm that Tenant has been granted by Landlord under Section 3 of the Lease a rent abatement period of three (3) months and five (5) days. Notwithstanding the provisions of Section 3 of the Lease to the contrary, the parties hereto amend said Section to provide that such rental abatement shall commence on the 1st day of July, 1985, and continue through the 5th day of October, 1985.
Sample 1
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Rent Abatement Period. Notwithstanding anything to the contrary contained in this Sublease, Sublessee shall not be obligated to commence paying Monthly Base Rent for the Subleased Premises until the date that is fifty-three (53) days after the Commencement Date ("Rent Commencement Date"). Sublessee shall commence paying Additional Rent on the Commencement Date, however.
Sample 1
Rent Abatement Period. “Rent Abatement Period” as used in this Lease is defined in Paragraph 5(a) of the Summary.
Sample 1

Related to Rent Abatement Period

  • Lease Period The lease period of the Finance Lease Agreement II is 36 months, which commenced on April 21, 2023. The lease period of the Finance Lease Agreement III is 36 months, which commenced on September 22, 2023. The lease period of the Finance Lease Agreement IV is 36 months, which commenced on November 30, 2023. The lease period of the Finance Lease Agreement V is 36 months, which shall commence on February 27, 2024.

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

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