Common use of Rental Abatement Clause in Contracts

Rental Abatement. Although Base Rent shall continue at all times to accrue at the amounts set forth in the Lease, for the period commencing May 1, 2022 and continuing through May 31, 2022 (the “Rental Abatement Period”), so long as Tenant is not in default under the Lease (any required notice having been given and any applicable cure period having expired), Tenant may xxxxx one hundred percent (100%) of its monthly installment of Base Rent payable under the Lease, but only the Base Rent that relates to the eleven thousand nine hundred three (11,903) square feet of Floor Area identified as the “Supplementary Premises” in the Sixth Amendment as such Floor Area was modified by the Seventh Amendment and the ninety-one thousand four hundred ninety four (91,494) square feet of Floor Area identified as the “Expansion Premises Building” in the Sixth Amendment. The difference between monthly installments of Base Rent payable under the Lease and the amounts payable by Tenant as set forth in this Paragraph 5 shall be “Abated Rental”. The provisions of this Paragraph 5 do not amend Tenant’s other obligations under the Lease including, but not limited to, the payment of Base Rent for other portions of the Premises and any and all Additional Rent or any other charges Tenant is obligated to pay to Landlord, in advance on or before the first day of each calendar month (collectively “Tenant’s Other Obligations”). Nothing contained in this Amendment shall be construed to relieve Tenant of Tenant’s obligation to pay Tenant’s Other Obligations.

Rental Abatement. Although (a) The portion of Paragraph 1.D of the Original Lease entitled "RENTAL ABATEMENT" is hereby amended and restated in its entirety to read as follows: "RENTAL ABATEMENT" (1) Commencing on June 1, 2006, the Tenant will be entitled to receive a credit as prepaid Base Rent shall continue at all times equal to accrue at the amounts set forth in the Lease, for the period commencing May 1, 2022 and continuing through May 31, 2022 two (the “Rental Abatement Period”), so long as Tenant is not in default under the Lease (any required notice having been given and any applicable cure period having expired), Tenant may xxxxx one hundred percent (100%2) of its monthly installment months of Base Rent payable under (but not Taxes) based on 65,406 RSF at the Lease, but only the $14.75 RSF annual Base Rent that relates rate, to be applied monthly against Base Rent as it becomes due. (2) Commencing on June 1, 2006, Tenant will be entitled to receive a credit (the eleven thousand nine hundred three "9th Floor Credit") as prepaid Base Rent equal to sixteen (11,90316) square feet of Floor Area identified as the “Supplementary Premises” in the Sixth Amendment as such Floor Area was modified by the Seventh Amendment and the ninety-one thousand four hundred ninety four (91,494) square feet of Floor Area identified as the “Expansion Premises Building” in the Sixth Amendment. The difference between monthly installments months of Base Rent payable under based on the Lease 7,794 RSF of the Premises located on the 9th Floor which is not currently built-out and which is depicted on Exhibit A to this First Amendment (the amounts payable by "9th Floor Credit Space") at the $14.75 RSF annual Base Rent rate; provided, however, that at such time as Tenant as set forth occupies or uses all or any portion of the 9th Floor Credit Space in this Paragraph 5 shall be “Abated Rental”. The provisions any manner (excluding Tenant's continued use of this Paragraph 5 do not amend Tenant’s other obligations under the Lease including9th Floor Credit Space for storage only or the build-out of the 9th Floor Credit Space, but not limited tofor any other purposes), the payment of 9th Floor Credit shall no longer be provided to Tenant and Tenant shall immediately begin paying Base Rent on the 9th Floor Credit Space in accordance with the terms of this Lease. (3) Commencing on June 1, 2006, Tenant will be entitled to receive an abatement for other portions the monthly charges for any unreserved Tenant Parking Spaces or for monthly charges for any Tenant Parking Spaces in the Parking Nest (as defined in Paragraph 4.H), if any. for a period of twenty (20) months (the Premises and "Parking Abatement")." (b) Tenant acknowledges that it is not entitled to any and all Additional credits against Rent or any other charges Tenant is obligated to pay to Landlord, allowances except (i) as expressly provided in advance on or before Section 4(a) and Section 6(b) of this First Amendment and (ii) the first day Refurbishment Allowance (as defined below in Section 14 of each calendar month (collectively “Tenant’s Other Obligations”this First Amendment). Nothing contained in this Amendment shall be construed to relieve Tenant of Tenant’s obligation to pay Tenant’s Other Obligations.

Rental Abatement. Although Base Notwithstanding the foregoing, Lessor shall grant to Lessee a “rent holiday” from the payment of a certain portion of Monthly Rent shall continue at all times only for an aggregate of twelve (12) calendar months during the term, consisting of the first (1st) full twelve (12) consecutive calendar months which immediately follow the Occupancy Date (said twelve (12) months being hereafter referred to accrue at the amounts set forth in the Lease, for the period commencing May 1, 2022 and continuing through May 31, 2022 (as the “Rental Abatement Free Rent Period”). During such Free Rent Period, so long as Tenant is not in default under the Lease (any required notice having been given and any applicable cure period having expired), Tenant may xxxxx one hundred percent (100%) of its monthly each installment of Base Monthly Rent payable under shall be abated by the Lease, but only the Base Rent that relates amount of two thousand three hundred fifty & 00/100 dollars ($2,350.00) (such rental abatement being hereinafter referred to the eleven thousand nine hundred three (11,903) square feet of Floor Area identified as the “Supplementary Premises” in Free Rent Allowance”); provided, however, that: i) the Sixth Amendment as such Floor Area was modified by the Seventh Amendment Free Rent Period and the ninety-one thousand four hundred ninety four (91,494) square feet of Floor Area identified as the “Expansion Premises Building” in the Sixth Amendment. The difference between monthly installments of Base Rent payable under the Lease and the amounts payable by Tenant as set forth in this Paragraph 5 shall be “Abated Rental”. The provisions of this Paragraph 5 do not amend Tenant’s other obligations under the Lease including, but not limited to, the payment of Base Rent for other portions granting of the Premises and any and Free Rent Allowance as provided hereunder shall not affect the Commencement Date as determined herein; ii) Lessee shall remain obligated during the Free Rent Period to pay all Additional Rent or pursuant to this Lease and to perform all of Lessee’s obligations under this Lease except as expressly aforesaid; and iii) if during the initial Lease Term in the event of any other charges Tenant termination of this Lease by Lessor based upon a default hereunder by Lessee, the amount of Monthly Rent which is obligated equal to pay the Free Rent Allowance; shall immediately become due and payable upon Lessee’s written demand to Landlord, in advance on or before the first day of each calendar month (collectively “Tenant’s Other Obligations”). Nothing contained in this Amendment shall be construed to relieve Tenant of Tenant’s obligation to pay Tenant’s Other ObligationsLessee.