Rent Prorations. ET and Genesis agree that adjustments of rent under the Lease Agreement shall be made as of the Closing Date, and a statement setting forth such adjustments shall be initialed by the parties. In addition, all security deposits and any escrow reserves which ET is holding shall be refunded to Genesis at Closing.
Rent Prorations. In any partial month or year during the Term, or if Tenant is unable to operate its business in the Premises in the manner and on each day as required under this Lease due to fire or other casualty or condemnation of any part of the Facility, Rent for the partial month, year or the time affected by Tenant's inability to operate shall be prorated on a daily basis.
Rent Prorations. In the event of termination of this Lease pursuant to the immediately preceding Paragraph, Rent shall be prorated on a per diem basis and paid to the date of the casualty, unless the Leased Premises shall be tenantable, in which case Rent shall be payable to the date of the Lease termination and if only partly tenantable, Tenant shall receive abatement to the extent that portion is untenantable. If the Leased Premises are wholly untenantable and this Lease is not terminated, Rent shall abate on a per diem basis from the date of the casualty until the Lexxxx Premises are ready for occupancy by Tenant. If part of the Leased Premises are untenantable, Rent shall be prorated on a per diem basis and partially abated in accordance with the part of the Leased Premises which is usable by Tenant until the damaged part is ready for Tenant's occupancy. Notwithstanding the foregoing, if any damage was proximately caused by an act of omission of Tenant, its employees, agents, contractors, licensees or invitees, then, in such event, Tenant agrees that Rent shall not abate or be diminished during the term of this Lease.
Rent Prorations. In the event that the Commencement Date is other than the first day of a calendar month or in the event that the Term of this Lease terminates on other than the last day of a calendar month, then the Basic Rent for the portion of that month shall be prorated based upon the actual number of days of that month contained within the Term.
Rent Prorations. Collected rents for the then current period, and security deposits (the full amount thereof with interest earned thereon, if any), prepaid rentals, common area maintenance charges, promotional charges, service charges, tax charges and all other incidental expenses and charges paid by tenants under the Leases, in each case to the extent collected for the current period and any future periods, shall be apportioned and full value shall be adjusted and prorated as of the Closing Date. Except
Rent Prorations. Collected rents for the then current period; and security deposits (the full amount thereof with interest earned thereon, if any); prepaid rentals; common area maintenance charges; and all other incidental expenses and charges paid by tenants under the Leases, in each case to the extent collected for the current period and any future periods, will be apportioned and full value shall be adjusted and prorated as of the Closing Date. Buyer shall assume all Seller’s obligations with respect to security deposits and shall comply with MGL c.186 §15B in connection with the assumption of all liability and responsibility for such deposits and shall after Closing indemnify, defend and hold Seller harmless from and against any claims, losses, damages or liability with respect to such deposits.
Rent Prorations. Section 7(a)(i)(B) of the Agreement is deleted in its entirety and replaced with the following:
Rent Prorations. In the event the Commencement Date under Article 4.1 is not on the first day of a month, Rent payable by the Tenant to the Landlord, at the rates specified in such Article, shall be prorated, on a daily basis. DRAFT: June 6, 1995
Rent Prorations. If the Commencement Date is other than the first day of a calendar month, rent for the period from the Commencement Date to the end of the month shall be prorated on a daily basis. Similarly, rent for any partial month at the end of the Term shall be prorated on a daily basis.
Rent Prorations. Collected rents for the then current period; and security deposits; prepaid rentals; common area maintenance charges; promotional charges; service charges; tax charges; and all other incidental expenses and charges paid by tenants under the Leases, in each case to the extent collected for the current period and any future periods, will be apportioned and full value shall be adjusted and prorated as of the Closing Date. Except for any Interim Leases, all lease commissions, improvement allowances and improvement commitments payable or to be performed, before or after the Closing Date, with respect to the Leases shall be charged to Seller as an adjustment at the Closing. Buyer will be responsible for lease commissions, improvement allowances and improvement commitments payable or to be performed, before or after the Closing Date, with respect to the Interim Leases.
