Common use of Abated Base Rent Clause in Contracts

Abated Base Rent. Provided that Tenant is not then in default of the Lease, as amended, then during the months of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “Rent Abatement”). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this Amendment. If Tenant shall be in default under the Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default of this Lease (beyond the expiration of any applicable notice and cure period expressly set forth in this Lease, as amended), then during the months period commencing on the first day of July the first (1st) full calendar month of the Lease Term and August for continuing through and including the last day of the fourth (4th) full calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 month of the Lease Term (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $104,956.00 (i.e., $26,239.00 per month). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the this Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default of the Lease, as amendedthis Lease (beyond all applicable notice and cure periods), then during the months two (2) month period commencing on the first (1st) day of July the second (2nd) full calendar month of the Lease Term and August for ending on the last day of the third (3rd) full calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 month of the Lease Term (the foregoing 14 months to be known collectively as the “Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Base Rent Abatement Period (the “Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Base Rent Abatement equals Two Hundred Four Thousand Three Hundred Sixty-Four and 80/100 Dollars ($204,364.80). Tenant acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under this Lease during the Lease, as amendedBase Rent Abatement Period, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the this Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then the dollar amount of the unapplied portion of the Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default Subject to the terms of Section 2.5 of the Tenant Work Letter, and provided that an Option Nullification Default has not occurred under this Lease, as amended, then during the first (1st), second (2nd), third (3rd), fourth (4th), thirteenth (13th) and thirty-seventh (37th) full calendar months of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 the Lease Term (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent or Direct Expenses otherwise attributable to the Premises during such Rent Abatement Period (the “Rent Abatement”). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant an Option Nullification Default shall be in default occur under the this Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent and Direct Expenses for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default under the terms of this Lease, then Tenant shall not be obligated to pay the Base Rent otherwise attributable to the Premises (the “Rent Abatement”) during the first two (2) full calendar months of the Lease, as amended, then during the months of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 Lease Term (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), . Landlord and Tenant shall not be obligated to pay any Base Rent otherwise attributable to acknowledge that the Premises during such amount of the Rent Abatement Period (equals $12,347.50 per month during the “Rent Abatement”)Abatement Period. Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental Rent and performing perform the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the Lease, as amended, this Lease and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions this Lease, then Landlord may, at its option, elect, in addition to any other remedies Landlord may have under this Lease, one or both of the Lease, as amended, or if the Lease is terminated for any reason other than following remedies: (i) termination in accordance that Tenant shall immediately become obligated to pay to Landlord all Base Rent abated hereunder during the Rent Abatement Period, with interest as provided pursuant to this Lease from the provisions of Article 11 of date such Base Rent would have otherwise been due but for the Leaseabatement provided herein, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the Lease, then that the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default of the this Lease, as amended, then during the first (l51) and second (2nd) full calendar months of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 the Lease Term (the foregoing 14 months to be known collectively as the “"Rent Abatement Period”"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “"Rent Abatement”"). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $162,555.00. In addition, Tenant shall receive a credit against Base Rent in an amount equal to $54,185.00 (i.e., an amount equal to $5.00 per rentable square foot of the Premises) (the "Rent Credit"), which Rent Credit shall be applied to the Base Rent otherwise due and owing for the third (3rd) full calendar month of the Lease Term. The Rent Abatement and Rent Credit shall be known collectively as the "Rent Abatement and Credit." Tenant acknowledges and agrees that the foregoing Rent Abatement and Credit has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the this Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s 's breach of the this Lease, then the dollar amount of the unapplied portion of the Rent Abatement and Credit as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default under the terms of the this Lease, as amended, then during the months of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), Tenant shall not be obligated to pay any the Base Rent otherwise attributable to the Premises (the "Rent Abatement") during such the first full calendar month of the Lease Term (the "Rent Abatement Period (Period"). Landlord and Tenant acknowledge that the “aggregate amount of the Base Rent Abatement”)Abatement equals $34,643.70 "Abatement Amount". Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental Rent and performing perform the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the Lease, as amended, this Lease and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then Landlord may at its option, elect, in addition to any other remedies Landlord may have under this Lease, the following remedy: that the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default of the Lease, as amendedthis Lease beyond all applicable notice and cure periods, then during the months seven (7) month period commencing on the first (1st) day of July the second (2nd) full calendar month of the Lease Term and August for continuing through and including the last day of the eighth (8th) full calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 month of the Lease Term (the foregoing 14 months to be known collectively as the “"Rent Abatement Period”"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “"Rent Abatement”"). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $460,152.00 (i.e., $65,736.00 per month)]. Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the this Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term (as the same may have been modified by virtue of such termination) and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in fullfull (subject to the application of such credit).

Abated Base Rent. Provided that Tenant is not then in default of the Lease, as amended, then during the months calendar month of July and August for January 2019 or, if the Suite 1300 Rent Commencement Date has not occurred until after January 1, 2019, the first full calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 month after the Suite 1300 Rent Commencement Date (the foregoing 14 months to be known collectively as the “"Base Rent Abatement Period”"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises Suite 1300 during such Base Rent Abatement Period (the “"Base Rent Abatement”"). Landlord and Tenant acknowledge that the aggregate amount of the Base Rent Abatement equals One Hundred Sixty-Six Thousand Nine Hundred Three and 92/100 Dollars ($166,903.92). Tenant acknowledges and agrees that the foregoing Base Rent Abatement has been granted to Tenant as additional consideration for entering into this Ninth Amendment, and for agreeing to pay the rental Rent and performing the terms and conditions otherwise required under this Amendmentthe Lease. If Tenant shall be in default under the Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the Lease, then the dollar amount of the unapplied portion of the Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises Suite 1300 in full.

Abated Base Rent. Provided that Tenant is not then in default of the this Lease, as amended, then during the months first full calendar month of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 the Lease Term (the foregoing 14 months to be known collectively as the “"Rent Abatement Period”"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “"Rent Abatement”"). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $45,794.50. ▇▇▇▇▇▇ acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the this Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that no Event of Default by Tenant has then occurred and is not then in default of the continuing under this Lease, as amended, then during the first (1st) two (2) full calendar months of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 the Lease Term (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $42,183.00. Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant an Event of Default under this Lease shall be in default under have occurred or is continuing at any time prior to the Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions expiration of the Lease, as amendedRent Abatement Period, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of this Lease, or in the Leaseevent of casualty or condemnation, at any time prior to the expiration of the Rent Abatement Period, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Tenant is not then in default of this Lease (beyond the expiration of any applicable notice and cure period expressly set forth in this Lease, as amended), then during the months period commencing on the first day of July the first (1st) full calendar month of the Lease Term and August for continuing through and including the last day of the fourth (4th) full calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 month of the Lease Term (the foregoing 14 months to be known collectively as the “Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $104,956.00 (i.e., $26,239.00 per month). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the this Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the this Lease, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, -6- HCP ▇▇▇▇▇▇ ▇▇▇▇▇, LLC [11099 NORTH ▇▇▇▇▇▇ ▇▇▇▇▇ ROAD] [Synthorx Inc.] as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.

Abated Base Rent. Provided that Notwithstanding anything in this Lease to the contrary, so long as Tenant is not then in default under this Lease beyond applicable notice and cure periods, Tenant shall be entitled to an abatement of Base Rent with respect to each of the LeaseInitial Premises for the first full calendar month of the initial Term for such portion of the Premises (each, as amended, then during the months of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 (the foregoing 14 months to be known collectively as the a “Rent Abatement Period”), Tenant shall not be obligated to pay any . The maximum total amount of Base Rent otherwise attributable abated with respect to the Initial, Premises in accordance with the foregoing shall equal $222,407.50 (the “Abated Base Rent”). If Tenant defaults under this Lease beyond applicable notice and cure periods at any time during such the Rent Abatement Period (the “Rent Abatement”). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this Amendment. If Tenant shall be in default under the Lease, as amended, and shall fail fails to cure such default within the notice and any applicable cure period, if any, permitted for cure pursuant to terms and conditions of the Lease, as amended, or if the Lease is terminated for any reason other than (i) termination in accordance with the provisions of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of period under the Lease, then Tenant’s right to receive the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Abated Base Rent applicable at the end of the Extended Term shall toll (and Tenant shall immediately be obligated required to begin paying pay Base Rent for during such period of any Tenant default) until Tenant has cured, to Landlord’s reasonable satisfaction, such default and at such time Tenant shall be entitled to receive any unapplied Abated Base Rent until fully applied. Only Base Rent shall be abated pursuant to this Section, as more particularly described herein , and Escalation Rent and all other rent and other costs and charges specified in this Lease shall remain as due and payable pursuant to the Premises in fullprovisions of this Lease.

Abated Base Rent. Provided that Tenant is not then in default of the this Lease, as amended, then during the months first (1st) full calendar month(s) of July and August for calendar years 2013, 2014, 2015, 2016, 2017, 2018, and 2019 the Lease Term (the foregoing 14 months to be known collectively as the “"Rent Abatement Period”"), Tenant shall not be obligated to pay any Base Rent otherwise attributable to the Premises during such Rent Abatement Period (the “"Rent Abatement”"). Landlord and Tenant acknowledge that the aggregate amount of the Rent Abatement equals $34,125.80. Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under this AmendmentLease. If Tenant shall be in default under the Lease, as amended, this Lease and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to terms and conditions of the this Lease, as amended, or if the this Lease is terminated for any reason other than (i) termination in accordance with the provisions on account of Article 11 of the Lease, following damage or destruction of the Premises, (ii) termination in accordance with the provisions of Article 13 of the Lease, following condemnation of the Buildings or the Project, or (iii) termination following Landlord’s breach of the Leasesuch uncured default, then the dollar amount of the unapplied portion of the Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Extended Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full.