Rent Credit. A. If and so long as Tenant is not in default under ----------- the Lease or this Agreement after notice and beyond any grace period, Tenant shall be entitled to a rent credit in the amount of $29,029.00, to be applied against the first (1/st/) and second (2/nd/) monthly installments of fixed annual rent (without electricity) accruing under this Agreement with respect to the Additional Space from and after the Additional Space Commencement Date. B. Anything contained hereinabove to the contrary notwithstanding, if Tenant at any time during the term of the Lease, breaches any material covenant, condition or provision of the Lease or this Agreement and fails to cure such breach within any applicable grace period, and provided that this Lease is terminated by Landlord because of such material default, then, in addition to all other damages and remedies herein provided and to which Landlord may be otherwise entitled, Landlord shall also be entitled to the repayment in full of any rent credit theretofore enjoyed by Tenant, which repayment Tenant shall make upon demand therefor provided, however, that the amount of such rent credit to be repaid hereunder shall be multiplied by a fraction, the numerator of which is the number of months, including portions thereof, remaining in the originally stated term of this Lease following such breach, and the denominator of which is 60.
Appears in 1 contract
Samples: Lease Agreement (Phase2media Inc)
Rent Credit. A. If and so long as Tenant is not in default under ----------- the Lease or this Agreement after notice and beyond any grace period, Tenant shall be entitled to a rent credit in the amount of $29,029.00, 2,149.33 to be applied against to the first (1/st/) and second (2/nd/) monthly installments installment of fixed annual rent (without electricity) accruing due under this Agreement with respect to the Additional Space Lease; except that Tenant shall nevertheless be obligated, from and after the Additional Space Commencement Date.
B. commencement date of the term, to pay any additional rents hereunder and to pay the ERIF portion of the fixed annual rent pursuant to Section 27.04 hereof. Anything contained hereinabove herein to the contrary notwithstanding, if Tenant Tenant, at any time during the term of this Lease after Tenant has been granted all or a portion of the Leaserent credit described in this Article, breaches any material covenant, condition or provision of the this Lease or this Agreement and fails to cure such breach within any applicable grace period, and provided that this Lease is terminated by Landlord because of such material default, then, in addition to all other damages and remedies herein provided and to which Landlord may otherwise be otherwise entitled, Landlord shall also be entitled to the repayment in full of any rent credit theretofore enjoyed by Tenant, which repayment Tenant sum shall make be deemed additional rent hereunder and shall be due upon demand therefor provided, however, that by Landlord. The obligation of Tenant to pay such additional rent (or damages) to Landlord shall survive the amount expiration or sooner termination of such rent credit to be repaid hereunder shall be multiplied by a fraction, the numerator of which is the number of months, including portions thereof, remaining in the originally stated term of this Lease following such breach, and the denominator of which is 60Lease.
Appears in 1 contract
Rent Credit. A. If and so long as Tenant is not in default under ----------- the this Lease or this Agreement after notice and beyond any grace period, Tenant shall be entitled to a rent credit in the amount of $29,029.0049,728.00, to be applied against the first (1/st/1st) and second (2/nd/2nd) monthly installments of fixed annual rent (without electricity) accruing under this Agreement with respect to Lease after the Additional Space Commencement Date (as defined in Article 55), so that Tenant shall occupy the demised Premises free of such fixed annual rent for that period; except that Tenant shall nevertheless be obligated from and after the Additional Space Commencement Date.
B. Date of the term, to pay additional rents hereunder and to make payment of the ERIF portion of the fixed annual rent due under Article 40 hereof, (anything in said Article 40 to the contrary notwithstanding). Anything contained hereinabove to the contrary notwithstanding, if Tenant at any time during the term of the this Lease, breaches any material covenant, condition or provision of the this Lease or this Agreement and fails to cure such breach within any applicable grace period, and provided that this Lease is terminated by Landlord because of such material default, then, in addition to all other damages and remedies herein provided and to which Landlord may be otherwise entitled, Landlord shall also be entitled to the repayment in full of any rent credit theretofore enjoyed by Tenant, which repayment Tenant shall make upon demand therefor providedprovided , however, that the amount of such rent credit to be repaid hereunder shall be multiplied by a fraction, the denominator of which is one hundred twenty (120), and the numerator of which is the number of months, including portions thereof, remaining in the originally stated term of this Lease following such breach, and the denominator of which is 60.
Appears in 1 contract
Samples: Lease Agreement (Fusion Telecommunications International Inc)
Rent Credit. A. If and so long as Tenant is not in default under ----------- the this Lease or this Agreement after notice and beyond any grace period, Tenant shall be entitled to a rent credit in the amount of $29,029.00$ N/A, to be applied against the first (1N/st/) and second (2/nd/) A monthly installments installment of fixed annual monthly rent (without electricity) accruing under this Agreement with respect Lease after possession of the premises is delivered to Tenant, so that Tenant shall occupy the Additional Space Demised Premises free of such fixed monthly rent for that period; except that Tenant shall nevertheless be obligated, from and after the Additional Space Commencement Date.
B. commencement date of the term, to pay additional rents hereunder and to make payment of the ERIF portion of the fixed monthly rent due under Article __ hereof, (anything in said Article __ to the contrary notwithstanding). Anything contained hereinabove to the contrary notwithstanding, if Tenant at any time during the term of the this Lease, breaches any material covenant, condition or provision of the this Lease or this Agreement and fails to cure such breach within any applicable grace period, and provided that this Lease is terminated by Landlord because of such material default, then, in addition to all other damages and remedies herein provided and to which Landlord may be otherwise entitled, Landlord shall also be entitled to the repayment in full of any rent credit theretofore enjoyed by Tenant, which repayment Tenant shall make upon demand therefor provided, however, that the amount of such rent credit to be repaid hereunder shall be multiplied by a fraction, the numerator of which is the number of months, including portions thereof, remaining in the originally stated term of this Lease following such breach, and the denominator of which is 60.therefor. PORTXX'X XXXE ESCALATION
Appears in 1 contract
Samples: Lease Agreement (Medscape Inc)