RENTAL CREDIT. As an inducement to and as consideration for Tenant's execution of this Lease Agreement Tenant shall be granted use and occupancy of the Premises for the first two (2) months of the Lease Term without having to pay Base Rent therefor. Notwithstanding this rental credit, the CPI adjustment to Base Rent shall be without regard to the rental credit and shall be made as if full Base Rent was paid.
RENTAL CREDIT. Provided the Tenant has furnished Landlord with the Security Deposit and provided Tenant is not in default of its obligations under the terms of the Lease at the relevant time, Landlord shall grant to Tenant a rental credit in a maximum amount of Two Hundred Thirty-One Thousand Three Hundred Eighty-Two Dollars and Fifty-Nine Cents ($231,382.59) plus G.S.T. and P.S.T. (the “Rental Credit”), which Rental Credit shall be granted in ten (10) equal instalments of Twenty-Three Thousand One Hundred Thirty-Eight Dollars and Twenty-Six Cents ($23,138.26), each instalment to be applied against the Tenant’s Basic Rent and Tenant’s Proportionate Share of Operating Costs and Taxes payable for the months of October 2014, November 2014, December 2014, January 2015, October 2015, November 2015, December 2015, January 2016, February 2016 and October 2016, until such Rental Credit is fully used up. Any amount of monthly rental which is not fully compensated by the Rental Credit remains payable by the Tenant in accordance with the provisions of the Lease.
RENTAL CREDIT. [describe any free rent or rent credit].
RENTAL CREDIT. To the extent that Tenant’s costs and damages pursuant to Section 40.2 above exceed Landlord’s share of the delay damages from Landlord’s Contractor (as specified in Section 40.3 above and after crediting Tenant as provided in Section 5.3), then Tenant shall be entitled to pursue all available remedies against Landlord to collect such excess costs and damages (together with interest on such sums at the rate of Bank of America’s “reference rate” plus 3% per annum), including, without limitation, the right to make a credit offset against the next rent payment(s) owing on this Lease to the extent of such sums owing to Tenant. Prior to exercising such offset right, Tenant shall first attempt to satisfy Landlord’s obligation to compensate Tenant under this Section 40 through the sums to be received pursuant to Section 40.3 and any remaining loan proceeds available from the New Loan.
RENTAL CREDIT. For the month of March, 1997, Lessee shall receive a rental credit equivalent to the monthly rent for the forty six thousand (46,000) square feet to a maximum of thirteen thousand eight hundred dollars ($13,800.00). For the month of July, 1997, Lessee shall receive a rental credit equivalent to the monthly rent for one hundred fifty seven thousand (157,000) square feet, to a maximum of forty seven thousand one hundred dollars ($47,100.00).
4.2.2 Additional Rent Initials: ______/______/__________ Lessor/Lessee/Indemnifer The Lessee's Proportionate Share of the Operating and Maintenance Costs (as these terms are hereinafter defined, calculated and adjusted) are included in the Minimum Rent.
4.3 Should the Term of the Lease take effect on any day other than the first day of a month shall be the monthly rent multiplied by the days in the month in which the Lessee is in occupancy and divided by the number of days in the month. This amount is due and payable on the first day of the Term of the Lease.
4.4 The term "Operating and Maintenance Costs" shall include the cost of:
RENTAL CREDIT. The parties acknowledge that pursuant to the terms of a certain side letter dated May 6, 1990 between Landlord and Tenant, Landlord is required to pay to Tenant on or before the "Commencement Date" as defined in the Lease the amount of Two Hundred Fifty Thousand Dollars ($250,000) (herein referred to as the "Moving Allowance"). Further, pursuant to the terms of a certain Settlement Agreement, Mutual Release and Termination of Lease dated May 30, 1990 between JOHN X. xxx SUSAX X. XXXXXXX 0009 REVOCABLE TRUST and JOHN X. XXXXXXX xxxividually, on the one hand, and Tenant, on the other hand, the sum of Seventy Thousand Five Hundred Eleven and 10/100 Dollars ($70,511.10) is to be credited to the monthly rent due under the Lease (herein referred to as the "Rent Credit") . The total amount of the Moving Allowance and the Rent Credit (herein collectively referred to as the "Credit") is Three Hundred Twenty Thousand Five Hundred Eleven and l0/l00 Dollars ($320,511.10).
RENTAL CREDIT. Provided that Lessee is not then currently in default, Lessor agrees that Lessee may deduct from each month's rent which is paid on or before the 10th day of each calendar month the sum of $500.00 per month for the months of November, 1997 through March 1998 only.
RENTAL CREDIT. The Purchaser intends to take occupancy of the home on or before May 31st, 2023. If the home is not completed on or before that date, the Seller will grant a $40,000.00 rental credit to the Purchaser at the closing. This $40,000.00 credit will assist the Purchaser in securing a rental property while the estate home is completed/move-in ready.
RENTAL CREDIT. Paragraph 8.07 is added as follows:
RENTAL CREDIT. Paragraph 8 is hereby deleted.
