Rent Free Periods Sample Clauses

Rent Free Periods. The Landlord agrees that provided the Tenant is not then in material default under the terms of this Lease beyond the expiry of any applicable notice and cure period provided for in this Lease, then, the Tenant shall not be required to pay Base Rental for the first twelve (12) months of the Term commencing on the Commencement Date in respect of that portion of the Leased Premises comprising the fourth (4th), fifth (5th) and sixth (6th) floors of the Building only (the “First Rent Free Period”). It is agreed and understood that during the First Rent Free Period, the Tenant will be required to pay Additional Rent and the Tenant’s hydro usage for that part of the Leased Premises to which the First Rent Free Period applies, which hydro usage shall be metered separately or check metered, and the Tenant will abide by all other terms, conditions and covenants of this Lease.
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Rent Free Periods. Subject to the Tenant’s due performance of the terms, covenants and conditions contained herein, the Tenant is entitled to occupy the Premises free of payment of Rent during the Rent Free Periods referred to in clause 1.8 provided that the Tenant shall pay and discharge all Management Charge, rates and Government rent and all other outgoings payable in respect of or referable to the Premises during the Rent Free Periods.
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Rent Free Periods. Notwithstanding the aforementioned, the Landlord agrees to provide to the Tenant four (4) months during which Base Rent is not payable, being the months of March, April, May and June of 1995, provided during such period the Tenant shall remain responsible for Additional Rent, notification of all proper authorities as to utility hookup and payment for utility charges as separately metered, business taxes, and ail other responsibilities hereunder this Lease.
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Rent Free Periods. The Tenant will be entitled to the following rent free periods. The first rent free period is from 1st September 2023 to 30th September 2023 (both days inclusive), the second rent free period, subject to the due performance and observation of the duties, obligations and stipulations on the part of the Tenant under this Tenancy Agreement is from 1st September 2024 to 30th September 2024 and the third rent free period, subject to the due performance and observation of the duties, obligations and stipulations on the part of the Tenant under this Tenancy Agreement is from 1st September 2025 to 15th September 2025. During the said rent free periods, the Tenant:- (a) shall not be required to pay rent; (b) but shall be obliged to pay and discharge all management and air-conditioning charges, Government rates and all other outgoings and utilities charges payable by the Tenant In manner hereinafter mentioned. The Rent shall be HONG KONG DOLLARS THREE HUNDRED SEVEN THOUSAND SEVEN HUNDRED AND EIGHT ONLY (HK$307,708.00) per calendar month (exclusive of management and air-conditioning charges and Government rates and other outgoings).
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Rent Free Periods. The Landlord shall grant to the Tenant the rent free period(s) as set out in the Second Schedule hereto (if any) provided that (i) during which period(s) the Tenant shall be required to pay the rates, government rent, management and air-conditioning and other utility service charges payable in respect of the Premises and (ii) there is no arrears of rent and/or breach of any terms and conditions hereof before the commencement of each of such rent free period(s). For the avoidance of doubt, it is hereby agreed that if there is any arrears of rent and/or breach of any terms and conditions hereof before the commencement of any such rent free period(s), the Tenant shall not be entitled to such rent free period(s) and shall pay rent during such period(s).
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Rent Free Periods. If at the date of the incident the premises are subject to a rent free concession under the terms of the lease the indemnity period will be adjusted by adding the unexpired portion of the rent free period to the maximum indemnity period.
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Rent Free Periods. Subject to the provisions of Section 2 of this Schedule “D”, Tenant shall not be responsible for the payment of: (i) Basic Rent, Operating Costs and Realty Taxes for the first two (2) months of the initial Term of the Lease (the “First Rent Free Period”) but the Tenant shall be responsible for the payment of all other items of Additional Rent during the First Rent Free Period; and (ii) Basic Rent for the third month of the initial Term of the Lease (the “Second Rent Free Period”) but the Tenant shall be responsible for the payment of all items of Additional Rent during the Second Rent Free Period. If at any time during the Term: (a) the Lease is terminated by reason of a default of Tenant; (b) Tenant has become bankrupt or insolvent or has taken the benefit of any statute for bankrupt or insolvent debtors, or has filed a proposal, or has made an assignment for the benefit of creditors or any arrangement or compromise, then in such event, and without prejudice to any of Landlord’s other rights and remedies available to it under the Lease and at law, the unamortized portion of the First Rent Free Period and Second Rent Free Period calculated from the date that Landlord no longer actually receives payments of Rent under the Lease (whether by way of Court Order or otherwise) on the basis of an assumed rate of depreciation on a straight line basis to zero over the Term of the Lease shall immediately become due and payable to Landlord as Additional Rent.
Sample 1

Related to Rent Free Periods

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.