Abatement Period definition

Abatement Period means the period during which all or a portion of the value of real property or tangible personal property that is the subject of a tax abatement agreement is exempt from taxation.

Abatement Period means the period of time defined or set out in the citation for correction of a violation.

Abatement Period means the period that begins on the Commencement Date and ends on the day immediately prior to the 4-month anniversary of the Commencement Date. During the Abatement Period, Tenant shall pay to Landlord: (i) Tenant’s Share of Janitorial Expenses; (ii) utilities as set forth in Section 6; and (iii) all other amounts due Landlord with the exception of Fixed Rent.

Examples of Abatement Period in a sentence

• Tenant acknowledges and agrees that during such Base Rent Abatement Period, such abatement of Base Rent for the Premises shall have no effect on the calculation of any future increases in Base Rent or Direct Expenses payable by Tenant pursuant to the terms of this Lease, which increases shall be calculated without regard to such Base Rent Abatement.

• During the Abatement Period, Tenant shall remain responsible for the payment of all of its other monetary obligations under this Lease.

• During the Abatement Period, only Base Rent shall be abated, and all other costs and charges specified in this Sublease shall remain as due and payable pursuant to the provisions of this Sublease.

• The total amount of Base Rent abated during the Abatement Period is referred to herein as the “Abated Rent”.

• The Base Rent Abatement shall be personal to the original Tenant and shall only apply to the extent that the original Tenant (and not any assignee, or any sublessee or other transferee of the original Tenant’s interest in this Lease) is the Tenant under this Lease during the Base Rent Abatement Period.

More Definitions of Abatement Period

Abatement Period has the meaning set forth in section 3.03 below.

Abatement Period means the ten-year period described in Paragraph IV(B)(1) of this Agreement during which the Abatement will apply.

Abatement Period means that time span between the official notification to a property owner of the re- quirement to cease, alter, modify, decrease or remove any building, structure or use that is nonconforming or illegal, and the final date given by which the property owner shall make such change. (Ord. 1971 § 2, 2005)

Abatement Period means the ten-year period during which period the Abatement applies beginning on the earlier of (a) January 1 of the first Calendar Year after the COD or (b) January 1 of the Calendar Year within which Owner delivers to County a Notice of Abatement Commencement (as defined below) and ending upon the conclusion of ten (10) full Calendar Years thereafter.

Abatement Period shall have the meaning as set forth in Section 5.1.2.

Abatement Period has the meaning ascribed to it in Section 4 of this Agreement.

Abatement Period means the 14-day period, beginning upon service of a notice of violation, within which abatement by a responsible person is required to be completed.