Rent Concessions. Whether Tenant is currently receiving any rental concessions, rebates, or abatements; and, if so, the terms of such concession, rebate, or abatement, including, without limitation, the date when this concession, rebate, or abatement shall expire. Tenant will also confirm whether it is entitled to any future rent concessions, rebates, or abatements under the lease; and if so, the terms of the future concessions, rebates, or abatements.
Rent Concessions. Notwithstanding any other term or provision of this Lease, in the event Landlord has made any Rent concession of any type or character or has waived, reduced or deferred the payment of any Rent installment, should Tenant fail to take possession of the Premises on the Commencement Date or should any Default occur, all such Rent concessions and waivers or deferrals of Rent installments shall be canceled and the unamortized amount of such concessions, waivers and deferrals received by Tenant, together with interest at the Default Rate, shall become immediately due and payable.
Rent Concessions. 13.1 Upon the following conditions are met at the same time, the Tenant is entitled to enjoy rent concessions granted by the Lessor, namely:
13.1.1 The Tenant shall make its best efforts to make its business and tax registration for all its business in BDA (the relevant procedures of submitting reports for approval shall be applied for by the Tenant and the expenses incurred shall be assumed by the Tenant), within six months from the date when the Lessor provides the Tenant with relevant licenses necessary for business and tax registration (including the Recording Form for the Final Checking and Acceptance of the Completion of the Construction Project of Rental Facilities and the proof that certification of real estate is being handled). However, in the case of any delay for any cause beyond the control of the Tenant, the Lessor agrees to defer a period of three month. If the Tenant has not yet make its business and tax registration for all its business in BDA upon the expiration of such three month, the Tenant is not entitled to enjoy any preferential conditions (including rent concessions) hereunder and the rent criteria shall be determined and implemented in accordance with the relevant provisions of Section 13.3 of this Article.
13.1.2 During the validity term of the Tenant’s license (for details of copy of the approval certificate of foreign-invested enterprises of the Tenant, see Annex 7 to “Build to Suit and Pre-Lease Agreement”), the Tenant shall not split or transfer in any way all its investments to Beijing or any other place in China, and shall register all its investments in BDA. Otherwise the Tenant is not entitled to enjoy any preferential conditions (including rent concessions) hereunder, and shall make up the rent hereunder in full to the Lessor in accordance with the provisions of Section 13.3 of this Article.
13.2 If all the conditions referred to in Section 13.1 of this Article are met, the Lessor shall, from the date of completion of the Tenant’s tax registration for all its business in BDA, grant the Tenant the rent concession period for 2 years and 6 months with exemption from house lease use fees of the rent (the criteria of house lease use fees is 37 Yuan / square meter / month). Such exemption for 2 years and 6 months shall be implemented from the first Payment Period after the date of completion of the Tenant’s tax registration for all its business in BDA, and shall apply for ten Payment Periods, during which the Tenant shall pay ...
Rent Concessions. 8 Rent............................................................ 11
Rent Concessions. To Seller's knowledge, as of the Execution Date, no tenant under any of the tenant leases affecting the Property is entitled to any remaining free rent or similar tenant rent concessions pursuant to its lease, except as expressly disclosed in the schedule attached hereto as Schedule 12.1.9 (the "Rent Concession Schedule"), which shall be updated as of the Closing to reflect any new or changed lease terms entered into in accordance with the terms of this Agreement. Except for security deposits, and as expressly disclosed on the Rent Concession Schedule, no base rents under tenant leases ("Rents") have been prepaid more than one (1) month in advance. None of the tenant leases and none of the Rents have been assigned, pledged, or encumbered by Seller, except pursuant to financing encumbering the Property that will be paid off effective as of the Closing.
Rent Concessions. Tenant shall receive a total rent concession of $ to be applied to the months of , through , .
Rent Concessions. At the time of entering into this Lease, Landlord granted certain rent concessions to Tenant, on the condition that Tenant not be in breach of any of the terms or conditions of the Lease. Those rent concessions are described in ¶11 of the Lease Summary. In addition to any other remedies available to Landlord, in the event Tenant is ever in default under this Lease, which default is not cured within 48 hours of written notice of the default from Landlord, then Landlord, at its option, may void such rent concessions and thereafter Tenant shall pay rent as though no concessions had originally been given.
Rent Concessions. Under the Illinois Rent Concessions Act, Landlord must display on the Lease the nature and amount of each concession granted.
Rent Concessions. At Closing, Purchaser shall receive a credit to the Purchase Price in the amount of free rent, rent abatements or other rent concessions under the Leases for any period of time that extends beyond the Closing Date, but excluding any free rent, rent abatements or rent concessions granted under the Joy Parking Lease and Caracol 2 Lease.
Rent Concessions. Notwithstanding the foregoing, Sub-Lessor does hereby grant to Sub-Lessee the right to defer the basic rental portion of rents which would otherwise be due under the Sub-Lease for the periods shown in Paragraph 1 above under the following terms and conditions:
2.1 The abatement and forgiveness of rent shall be effective upon the execution of the Sub-Lease by Sub-Lessor, Sub-Lessee and Master Lessor, and upon payment of rent and security deposits as stipulated in the Sub-Lease, and shall continue for the time and in the amount as set forth hereinabove.
2.2 If at the date of expiration of the Sub-Lease, Sub-Lessee has paid to Sub-Lessor all sums due pursuant to the terms of the Sub-Lease, then the rent which has previously been deferred will be forgiven as of the date of expiration of the Sub-Lease.
2.3 At any time the Sub-Lessee should be in default and has not timely cured under the Sub-Lease, Sub-Lessor may declare the accrued amount of abated and forgiven rent to be then due and payable and include the amount of the abated and forgiven rent in any action for collection of rent in the same manner as if the rent had not been abated and forgiven.
2.4 This right of rent deferment and conditional forgiveness is given in consideration of the execution of the Sub-Lease.
