RENT CONCESSION Sample Clauses

RENT CONCESSION. Provided Lessee is not in default and notwithstanding anything contained herein to the contrary, Lessee shall be entitled to a Term Fixed Basic Rent abatement in the amount of Eight Thousand Seven Hundred Eighty-Seven and 51/100 ($8,787.51) Dollars per month, or a proportionate part thereof in the event the Lease commences on a day other than the first day of the month, up to an aggregate total amount of Thirty-Five Thousand One Hundred Fifty and 05/100 ($35,150.05) Dollars, said concession to be applied against the installments of Monthly Fixed Basic Rent due pursuant to this Lease for the first (1st) through fourth (4th) months of the Term (herein “Concession Period”). The entire Fixed Basic Rent otherwise due and payable during the Concession Period shall become immediately due and payable to the Lessor upon the occurrence of an event of default under the Lease.

RENT CONCESSION. Provided Tenant is not in default under the terms, covenants and conditions of this Lease, beyond the expiration of any applicable notice and cure periods, Landlord has agreed to defer commencement of Tenant’s obligation to pay Base Rent until the six (6) month anniversary of the Rent Commencement Date. Landlord’s deferring Tenant’s obligation to pay Base Rent as set forth in this Section is the “Base Rent Allowance.” Except for the Base Rent Allowance as herein provided, Tenant shall use and occupy the Leased Premises pursuant to all of the other terms, covenants and conditions of this Lease, including the payment of all electricity charges in accordance with Article 9 of this Lease, and Base Year Operating Expenses in accordance with Section 5.5 of this Lease. It is understood and agreed that the Base Rent Allowance is given by Landlord in consideration of Tenant’s paying when due all rents under this Lease, and otherwise complying with the terms hereof, and that in the event of any default by Tenant beyond the expiration of any applicable notice and cure periods under this Lease which results in the early termination hereof, the sum of: (i) the Base Rent Allowance given pursuant to this paragraph, to the extent same accrued prior to Tenant’s default, at the rate of $18.00 per rentable square foot on account of the entire Leased Premises, as if Tenant was given possession of the entire Leased Premises as of the Commencement Date, and (ii) any fee, commission or other compensation paid by Landlord to any broker or finder, in connection with this Lease, and (iii) any work allowance or reimbursement paid to or on behalf of Tenant, shall be totaled and divided by 186, with the resulting sum multiplied by the number of months, or parts of months, remaining on the Term at the time of the default, and that sum shall become immediately due and payable to Landlord as Additional Rent under this Lease. To the extent any months in which Tenant would otherwise be entitled to the Base Rent Allowance have not yet occurred upon the date on which any applicable notice and cure periods with respect to Tenant’s default expire, Tenant shall not be entitled to the portion of the Base Rent Allowance for such months, and Base Rent shall be payable at the rate of $18.00 per rentable square foot on account of the entire Leased Premises for such months, in the same manner Base Rent would be payable upon the expiration of the Base Rent Allowance.

RENT CONCESSION. Tenant shall receive a rent concession totaling three months Base Rent as follows: the first month's rental due under this lease shall be waived. Beginning with the second month of the lease term and for 23 months thereafter, Tenant's Base Rent shall be reduced by $1,583.33.

RENT CONCESSION. Provided Sublessee is not in default under any of the terms and provisions of this Sublease and notwithstanding anything contained herein to the contrary, Sublessee shall be entitled to a basic rent abatement in the amount of Two Thousand Five Hundred Nine and 33/100 ($2,509.

RENT CONCESSION. Landlord waives payment of Annual Fixed Rent --------------- attributable only to the First Additional Premises for the period from and including the First Additional Premises Commencement Date to and including March 31, 1997. The rent concession provisions of Section 5.5 of the Lease are not applicable to payments of Annual Fixed Rent and Additional Rent attributable to the First Additional Premises.

RENT CONCESSION. A. Notwithstanding anything to the contrary, Tenant shall not be obligated to pay the monthly installments of fixed rent due with respect to the first four (4) full months of the Term of this Lease and the installments of fixed rent due for the fifth (5th) through the twelfth (12th) full months of the term shall be reduced to one-half of the regular monthly rate. B. If the Commencement Date is a day other than the first day of a month, the installment of fixed rent for that partial month shall be equitably prorated based upon the number of days in that month and shall be due and payable on the Commencement Date.

RENT CONCESSION. Landlord agrees to a rental concession of two (2) free months of base rent commencing on the Commencement Date.

RENT CONCESSION. If applicable, a rent concession(s) in the amount(s) shown above will be deducted from the Rent during the original lease term subject to the following conditions: (a) The concession will not be applied during any month Rent is delinquent, and (b) If Resident cancels, breaches, or otherwise terminates this Lease prior to the Expiration, Landlord reserves the right to require repayment of any rent concession(s) taken.

RENT CONCESSION. LESSEE shall receive a rent concession valued at $21,481.60 to be applied as a rent credit of $5,370.40 for months two (2), three (3), four (4) and five (5) of the initial LEASE term only.

RENT CONCESSION. If and so long as Tenant is not in default of any of the terms, covenants or conditions of this Lease, Tenant shall be entitled to a rent credit in the amount of Twenty Seven Thousand Seven Hundred Eighty-Seven Dollars and Fifty Cents ($27,787.50) to be applied against Basic Rent due hereunder from and after the Commencement Date.