WAIVER OF RENT Sample Clauses

WAIVER OF RENT. 27.1 Provided Tenant is not then in default under any of the terms and conditions of this Lease, then notwithstanding anything to the contrary in Section 2.1, Landlord agrees to waive Ninety-Nine and 00/100 Dollars ($99.00) of Base Annual Rent due in each and every month of the initial Lease term. Notwithstanding anything herein, the Base Annual Rent escalation payable pursuant to Section 26.1 shall be calculated without regard to any waiver of rent or rent credit provided to Tenant.
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WAIVER OF RENT. Considering the importance of conducting these services and the health, safety and welfare benefits to its residents, Owner will waive any rental payment that it may be due for the use of the Facility.
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WAIVER OF RENT. Lessor hereby agrees to waive the Base Rent due from July 14, 1999 through September 13, 1999. No amounts due to Lessor under the Lease other than the Base Rent referred to above shall be waived. On or before September 1, 1999, Lessee shall pay Twenty-one Thousand Four Hundred Ninety-eight and 88/100 Dollars ($21,498.88) to Lessor which is the Base Rent due for the period September 14, 1999 through September 30, 1999.
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WAIVER OF RENT. Sublandlord hereby waives payment of the first three months of the rent, subject to the execution and delivery of this Sublease and consent thereto by the Master Landlord. The waiver of rent includes Base Rent only and does not include amounts due for: (i) Additional Rent, (ii) Rental Equipment, (iii) electricity, or (iv) any other charges. The waiver of rent is reflected in the payment schedule set forth in Exhibit D.
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WAIVER OF RENT. 28.1 Provided Tenant is not then in default under any of the terms and conditions of this Lease, then notwithstanding anything to the contrary in Section 2.1, Landlord agrees to waive Seven Hundred Seventy and 78/100 Dollars ($770.78) of Base Annual Rent due in each of the first (1st) through the fourth (4th) months of the initial Lease term, and Three Thousand Five Hundred Forty-Six and 63/100 Dollars ($3,546.63) of Base Annual Rent due in each of the fifth (5th) through the sixty-fourth (64th) months of the initial Lease term. Notwithstanding anything herein, Additional Rent, if any, payable pursuant to Subsections 1.5(c) and 2.2(c) shall be calculated without regard to any waiver of rent or rent credit provided to Tenant.
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WAIVER OF RENT. 27.1 Notwithstanding anything to the contrary in section 2.1, Xxxxxxxx agrees to waive the first Six (6) months' Base Annual Rent due hereunder.
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WAIVER OF RENT. Any and all obligations of Tenant to pay 2009 Deferred Minimum Rent (as defined in the Leases), unpaid Minimum Rent, and Percentage Rent (as defined in the Leases) if any, due and payable under the Leases with respect to any and all Accounting Periods prior to the January 2012 Accounting Period (collectively, the “Past Due Rent”) are hereby waived and forgiven by Landlords in their entirety. From and after the Effective Date, all remedies of Landlords related to the 2009 Deferred Minimum Rent and the Past Due Rent are hereby waived, released and discharged in their entirety.
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Related to WAIVER OF RENT

  • Abatement of Rent In the event that Tenant is prevented from using, and does not use, the Premises or any portion thereof, as a result of (i) any repair, maintenance or alteration performed by Landlord, or which Landlord failed to perform, after the Lease Commencement Date and required by this Lease, which substantially interferes with Tenant’s use of the Premises, or (ii) any failure by Landlord to provide services, utilities or access to the Premises required by this Lease to be provided by Landlord (either such set of circumstances as set forth in items (i) or (ii), above, to be known as an “Abatement Event”), then Tenant shall give Landlord notice of such Abatement Event, and if such Abatement Event continues for five (5) consecutive business days after Landlord’s receipt of any such notice (the “Eligibility Period”), then the Base Rent and Tenant’s Share of Direct Expenses shall be abated or reduced, as the case may be, after expiration of the Eligibility Period for such time that Tenant continues to be so prevented from using, and does not use for the normal conduct of Tenant’s business, the Premises or a portion thereof, in the proportion that the rentable area of the portion of the Premises that Tenant is prevented from using, and does not use, bears to the total rentable area of the Premises; provided, however, in the event that Tenant is prevented from using, and does not use, a portion of the Premises for a period of time in excess of the Eligibility Period and the remaining portion of the Premises is not sufficient to allow Tenant to effectively conduct its business therein, and if Tenant does not conduct its business from such remaining portion, then for such time after expiration of the Eligibility Period during which Tenant is so prevented from effectively conducting its business therein, the Base Rent and Tenant’s Share of Direct Expenses for the entire Premises shall be abated for such time as Tenant continues to be so prevented from using, and does not use, the Premises. Tenant shall not have a right to receive an abatement of Rent if Tenant is otherwise entitled to receive proceeds from business interruption insurance that Tenant is obligated to carry pursuant to Section 10.3.3 above. If, however, Tenant reoccupies any portion of the Premises during such period, the Rent allocable to such reoccupied portion, based on the proportion that the rentable area of such reoccupied portion of the Premises bears to the total rentable area of the Premises, shall be payable by Tenant from the date Tenant reoccupies such portion of the Premises. To the extent an Abatement Event is caused by an event covered by Articles 11 or 13 of this Lease, then Tenant’s right to xxxxx rent shall be governed by the terms of such Article 11 or 13, as applicable, and the Eligibility Period shall not be applicable thereto. Such right to xxxxx Base Rent and Tenant’s Share of Direct Expenses shall be Tenant’s sole and exclusive remedy for rent abatement at law or in equity for an Abatement Event. Except as provided in this Section 19.5.2, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder.

  • Payment of Rent (19) If the tenant is required to pre-pay rent in advance it should be selected. This is common with tenants with no or bad credit history. Section XIII.

  • Acceleration of Rent By notice to Tenant, Landlord shall have the right to accelerate all Fixed Rent and all expense installments due hereunder and otherwise payable in installments over the remainder of the Term, and, at Landlord’s option, any other Additional Rent to the extent that such Additional Rent can be determined and calculated to a fixed sum; and the amount of accelerated rent to the termination date, without further notice or demand for payment, shall be due and payable by Tenant within five (5) days after Landlord has so notified Tenant, such amount collected from Tenant shall be discounted to present value using an interest rate of six percent (6%) per annum. Additional Rent which has not been included, in whole or in part, in accelerated rent, shall be due and payable by Tenant during the remainder of the Term, in the amounts and at the times otherwise provided for in this Lease. Notwithstanding the foregoing or the application of any rule of law based on election of remedies or otherwise, if Tenant fails to pay the accelerated rent in full when due, Landlord thereafter shall have the right by notice to Tenant, (i) to terminate Tenant’s further right to possession of the Premises and (ii) to terminate this Lease under subparagraph (b) below; and if Tenant shall have paid part but not all of the accelerated rent, the portion thereof attributable to the period equivalent to the part of the Term remaining after Landlord’s termination of possession or termination of this Lease shall be applied by Landlord against Tenant’s obligations owing to Landlord, as determined by the applicable provisions of subparagraphs (c) and (d) below.

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