Free Rent Period definition

Free Rent Period shall have the meaning ascribed to it in Schedule “D”;
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Free Rent Period. As defined in Section 3.7.
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Free Rent Period is hereby defined as follows: (i) if the Commencement Date is the first day of a calendar month, the Free Rent Period shall be the period beginning on the Commencement Date and ending on the last day of the third (3rd) complete calendar month following the Commencement Date, and (ii) if the Commencement Date is a day other than the first day of a calendar month, the Free Rent Period shall be the period beginning on the Commencement Date and ending on the day immediately preceding the day which corresponds numerically to the Commencement Date in the third (3rd) calendar month following the calendar month which contains the Commencement Date (provided that if there is no such numerically corresponding day in such third (3rd) calendar month, the Free Rent Period shall end on the last day of such third (3rd) calendar month).
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Examples of Free Rent Period in a sentence

  • Upon the occurrence of any Default, the Free Rent Period shall immediately expire, and Tenant shall no longer be entitled to any further abatement of Base Rent pursuant to this Section.

  • Tenant shall pay a Modified Gross Rental Rate equal to $34.30 per RSF ($28.25 per RSF - net) for the first year following the expiration of the Free Rent Period with ninety cents ($0.90) per RSF annual increases throughout the remaining Lease Term.

  • However, solely in the event that Tenant occupies the Premises and commences the conduct of its business therein prior to the expiration of the Free Rent Period, then during such interim period until the end of the Free Rent Period Tenant shall pay Base Rent, Operating Expenses, and Real Estate Taxes at a rate equal to fifty percent (50%) of the amount thereof payable immediately following the Free Rent Period, provided the other aspects of the Master Project have been substantially completed.

  • Following the expiration of the Free Rent Period and thereafter throughout the Lease Term, Tenant shall pay the following in respect of Operating Expenses and Real Estate Taxes: 1.a).

  • The first (1st) month's Rent shall not be payable-until the Free Rent Period has expired.


More Definitions of Free Rent Period

Free Rent Period has the meaning set forth in Section 1 of this Lease.
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Free Rent Period means the sum of One Hundred Five (105) Days plus the number of days, if any, comprising the Late Delivery Period. The term “Late Delivery Period” shall equal the number of days that elapse, if any, between Adjusted Target Substantial Completion Date and the Delivery Date if the Tenant Improvements have not been substantially completed by the Adjusted Target Substantial Completion Date.
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Free Rent Period. Notwithstanding the provisions in Article 1.5 of this lease, the minimum monthly rent due under the lease for the first, second and third months of the lease term shall be zero (0). During the free period, Tenant shall pay the operating costs and other charges (other then the minimum monthly rent) in accordance with the terms of the lease.
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Free Rent Period. From N/A to N/A = $_________ Per Month Fixturing Period: From June 1, 2005 to July 31, 2005 Expiration Date: July 31, 2008
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Free Rent Period shall commence on the New Expansion Premises Commencement Date and continue through the day immediately preceding the “NEP Rent Commencement Date”, which shall be the earlier of (i) one (1) month after the date of Substantial Completion (as defined below) of Tenant’s New Expansion Premises Work, or (ii) June 1, 2018. For the purposes of this Third Amendment, the term “Substantially Complete” or “Substantial Completion” shall mean, with respect to the New Expansion Premises Work, such work is completed, other than minor work which does not materially affect Tenant’s use of, or access to, the New Expansion Premises, and Tenant has obtained such evidence as is customarily provided by the City of Xxxxxx to lawfully occupy the New Expansion Premises. In the event that Substantial Completion of Tenant’s New Expansion Premises Work occurs on a date other than the first day of a calendar month, Tenant shall not be liable for the payment of Base Rent during the period of time beginning on Substantial Completion of Tenant’s New Expansion Premises Work and ending on the date that is thirty (30) days following the Substantial Completion of Tenant’s New Expansion Premises Work. Thereafter, Base Rent for such partial calendar month shall be pro-rated through the final day of such calendar month and for subsequent months Base Rent shall commence on the first day of each calendar month, all in accordance with the Base Rent tables set forth herein, and otherwise in accordance with the terms and conditions of the Lease. ** During the entire Term of the Lease, including any free Base Rent period as applicable, Tenant shall be responsible for payment of Additional Rent, including, without limitation, charges for electricity as set forth in Section 7.02 of the Lease. ***Annualized figure.
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Free Rent Period means the three calendar month period beginning on the first day of the first full calendar month of the Initial Term and ending on the last day of the third full calendar month thereafter.
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Free Rent Period. The period between the Commencement Date and the Rent Commencement Date. See Paragraph 4.A Expiration Date: April 30, 2009 Landlord: Renco Investment Company
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