Rent Concession definition

Rent Concession means any rent-free or reduced rent period or rental allowance or capital payment in lieu or similar concession in respect of any period which would be required to carry out the fitting-out works of the willing tenant and to render the

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Rent Concession means any rent free period or period of reduced or concessionary rent, in each case commencing on the Review Date, or any capital payment or other inducement which, in any such case, might reasonably be expected to be allowed or given to reflect the period reasonably required by a willing tenant to fit out the Premises in accordance with the practice of the open market on the Review Date.

Rent Concession. Provided that Tenant has furnished evidence of insurance as set forth in Section 37 hereof, Tenant may take occupancy of the premises on September 15, 1996, and shall not be liable for the payment of rent for the period ending October 31, 1996.

Examples of Rent Concession in a sentence

• If any Rent Concession extends for a period longer than twelve (12) months after the Closing Date, for the purpose of computing the credit to Purchaser hereunder applicable to such period beginning twelve (12) months after the Closing Date, the pro forma or budgeted rent set forth on the Rent shall be increased by five percent (5%).

• Notwithstanding the foregoing, (a) the Rent Concession Balance will not be applicable to the extent it exceeds the amount of rent loss insurance proceeds recovered by Landlord with respect to the Casualty Abatement, (b) Tenant will not be entitled to any cash refund or credit against any other amounts due Landlord by reason of the foregoing provision and (c) the Term will not be extended by reason of the applicability of the foregoing provision.

• Tenant’s obligation for payment of abated Annual Rent and Occupancy Costs not collected during the Rent Concession Period (which shall only apply if Tenant commits an Event of Default beyond any applicable notice and cure period and Landlord commences an action to recover Rent and/or possession of the Premises) shall be independent of and in addition to Landlord’s other damages pursuant to Article 19.00 of the Lease.

• If there shall be any delay in the completion of Tenant’s Work due to a Landlord Delay as defined in Exhibit D of the Original Lease, then the Expansion Premises Rent Concession Period shall be extended by the number of days of any such Landlord Delay.

• Subject to the Sixth Floor and Seventh Floor Rent Concession Periods, and Rent Reduction Period 1 and Rent Reduction Period 2, Tenant shall pay its share of Occupancy Costs for the Sixth Floor Expansion Premises and the Seventh Floor Expansion Premises, as applicable, at the times and in the manner as payments of Occupancy Costs are to be made pursuant to Section 4.02 of the Lease.

• In the event Landlord exercises the recapture rights, Landlord may also collect the pro-rata share of the unamortized Lease commission, Tenant Improvement and Rent Concession, if any, that relates to the Lease.

• Tenant shall retain its Termination Option as described in Article 27.00 of the Original Lease as it relates to the entire Premises provided all unamortized amounts described in Subsection 27.02(d)(i) through (iv) (including the Rent abated during the Expansion Premises Rent Concession Period), plus the additional four (4) months of gross Rent shall also apply to the Expansion Premises.

• If the Landlord provides a Rent Concession, and the Tenant defaults under the terms of this Lease, the Tenant shall be liable to the Landlord for the cash value of the entire Rent Concession.

• Commencing on the day immediately following the expiration of the Rent Concession Period (the “Rent Commencement Date”), Tenant shall pay the Annual Rent set forth on the Annual Rent Rider attached hereto.

• Subject to the Expansion Premises Rent Concession Period, during which all Occupancy Costs shall be abated on the Expansion Premises, Tenant shall pay its Pro Rata Share of Occupancy Costs for the Premises (as redefined pursuant to Subparagraph 1(h) above) at the times and in the manner as payments of Occupancy Costs are to be made pursuant to Section 4.02 of the Original Lease.

More Definitions of Rent Concession

Rent Concession means an amount calculated with respect to each such renewal Lease or new Lease, as follows: (a) the number of days from the execution date of the renewal Lease or new Lease until the Closing Date; multiplied by: (b) the result of: (i) the total rent payable for the renewal term or term under the Lease, as applicable, divided (ii) by the number of days in the renewal term of the Lease or term of the new Lease, as applicable.

Rent Concession means any rent-free or reduced rent period or rental allowance or capital payment in lieu or similar concession

Rent Concession. Provided Tenant is not in default of any of the terms and conditions of this Lease, Tenant shall be permitted to use and occupy the premises for the first three (3) months of the Lease Term without the obligation to pay Monthly Basic Rent to Landlord although Tenant shall be required to pay all other sums due and owing to Landlord under this Lease (specifically including electric charges).

Rent Concession means any rent free or reduced rent period or capital payment in lieu or other rent concession of such period or amount as might reasonably be expected to be granted at the relevant review date in the open market by a willing landlord to a willing tenant which such willing tenant might reasonably require to enable it to fit out the Premises.