Rental Abatement definition

Rental Abatement. Lessee shall receive February 1-29, 1996, March 1-31, 1996 and April 1-31, 1996 free of any rent.

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Rental Abatement. The Base Monthly Rental specified in Paragraph 1.5 herein during the second (2nd), third (3rd), fourth (4th) and fifth (5th) months of the initial Lease Term only shall be Abated ("Free") by fifty (50%) percent. The portion of the Base Monthly Rental not paid pursuant to this Paragraph, together with any postponed rent or other rental concessions under this Lease is collectively referred to as "Abated Rent". The Abated Rent set forth in this Paragraph shall be subject to all of the provisions set forth in Paragraph 13.3 of the Lease.

Rental Abatement. AS LONG AS LESSEE HAS NOT BEEN IN DEFAULT OF THE LEASE AGREEMENT, LESSOR SHALL WAIVE THE PAYMENT OF MONTHLY RENT FOR THE PERIOD OF MARCH 1, 2001 THROUGH APRIL 14, 2001.

Examples of Rental Abatement in a sentence

Such non-standard Items will not be considered as part of the Rental Abatement.
Should Tenant commit an event of default under Section 24, in addition to any and all other obligations under this Lease, Tenant shall reimburse Landlord for any and all abatements of Monthly Rent granted to Tenant by Landlord during the Rental Abatement Period.
Such present value shall be calculated (i) by using the portion of the Monthly Base Rental Abatement Amount then remaining as of the Payment Date (as though such remaining portion of the Monthly Base Rental Amount benefitted Tenant at the mid-way point between the Payment Date and the last day of the abatement period) and (ii) by using a discount rate of five percent (5%) per annum.
At any time during the Lease Term, upon notice to Tenant, Landlord shall have the right to purchase the Monthly Base Rental Abatement Amount then remaining as of the “Payment Date,” as defined below, by paying to Tenant an amount equal to the “Rent Abatement Payout Price,” as that term is defined below.
In the event that Lessee defaults, with respect to any covenant or obligation set forth in this Lease or in the Note during the Rental Abatement Period, which such default is not cured within fourteen (14) days of Lessor’s written notice to Lessee (the “Notice Period”), then this Lease shall terminate on the last day of the Notice Period and all Base Rent that would have been due to Lessor from Lessee during the Rental Abatement Period shall be immediately due and payable.
Thereafter, Lessee’s Base Rent shall be increased to an amount equal to the total of Lessee’s Base Rent that would have been due during the Rental Abatement Period but for the abatement of such Base Rent, plus the total of all Base Rent due throughout the balance of the Initial Term of this Lease divided by the number of months remaining in the Initial Term of this Lease.
As used herein, “Rent Abatement Payout Price” shall mean the present value of the Monthly Base Rental Abatement Amount then remaining during the Lease Term, as of the date of payment (“Payment Date”) by Landlord to Tenant of the Rent Abatement Payout Price by Landlord.
The Lease shall not contain the Rental Abatement provided in Section 2 of the Addendum to the Related Lease.
In the event that Lessee defaults with respect to any covenant or obligation set forth in the Note during the Rental Abatement Period and such default is cured during the Notice Period, then this Lease will not terminate, but the rental abatement shall be revoked retroactive to the Commencement Date.
The total amount of Rental abated during the Rental Abatement Period equals [***] (the “Abated Rental”).

More Definitions of Rental Abatement

Rental Abatement. See paragraph 1D—First Expansion Option—in the Main Lease Contract. Parking: Additional parking permits will be made available based upon 3 spaces per 1,000 RSF. The Tenant will be obligated to accept same at the then prevailing Rental Rate.

Rental Abatement so long as Tenant is not in Default of the lease, tenant shall receive a rental abatement for October 2020, November 2020, December 2020, January 2021, February 2021, March 2021, April 2022, May 2021, June 2021, July 2021.

Rental Abatement. Notwithstanding anything contained herein or in the Master Lease to the contrary, the initial three (3) months of rent shall be abated except for the costs of services which are in excess of Building Standard such as overtime air conditioning which shall be billed to Subtenant at the actual cost thereof. Subtenant shall pay to Sublessor on the date of execution hereof a payment of base rent in the amount of $51,759.44 representing the installment of base rent and sales tax for the first month in which such base rent is due (taking into consideration the three month abatement described above as well as any other abatement to which Subtenant is entitled pursuant to the terms hereof). Subtenant shall pay all such amounts to Sublessor at Sublessor's address noted in Paragraph 14 hereof.

Rental Abatement. See paragraph 1D—Second Expansion Option—in the Main Lease Contract. Parking: Same as the First Expansion Option.

Rental Abatement. The Base Rent for months one (1) through five (5) of the ----------------- Lease Term shall be free. Tenant shall pay its Pro Rata Share of the Project Operating Costs and Building Operating Costs, as defined in paragraph 1.lG., during the free rent period.