Examples of Inducement in a sentence
The term "Tenant Inducement Costs" shall not include loss of income resulting from any free rental period, it being understood and agreed that Seller shall bear the loss resulting from any free rental period until the Closing Date and that Purchaser shall bear such loss from and after the Closing Date.
If any Tenant Inducement Costs and leasing commissions are due and payable after the Closing Date, then Purchaser shall assume such payment obligation at Closing.
Purchaser shall be responsible for all Tenant Inducement Costs and leasing commissions for all Leases (or renewals or extensions thereof) approved by or deemed approved by Purchaser and which are entered into after the Effective Date.
At Closing, Seller shall pay all unpaid out-of-pocket expenses required under the Leases to be paid by the landlord to or for the benefit of the tenant which are in the nature of a tenant inducement, including specifically, but without limitation, tenant improvement costs, lease buyout payments, and moving, design, refurbishment and club membership allowances and costs (“Tenant Inducement Costs”) and leasing commissions for all Leases due and owing prior to Closing.
Upon Breach of this Lease by Lessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by Lessee.