Common use of Abated Base Rent Clause in Contracts

Abated Base Rent. Provided that Tenant is not then in default of the Lease, then during the last two (2) full calendar months of the Extended Term (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 Three Hundred Ninety Thousand Seven Hundred Ninety-Nine and 74/100 Dollars ($390,799.74). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Second Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under the Lease. If Tenant shall be in default under the Lease during the Rent Abatement Period and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease, then the Rent Abatement as of the date of such default shall terminate effective immediately and Tenant shall immediately be obligated to recommence paying Base Rent for the Premises in full and Tenant shall have no further right to any Rent Abatement hereunder.

Abated Base Rent. Provided that Tenant is not then in material or monetary default of the LeaseLease beyond applicable notice and cure periods, then during the last two first four (24) full calendar months of the Second Extended Term (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 Three Hundred Ninety Thousand Seven Hundred Ninety-Nine and 74/100 Dollars $924,492.80 ($390,799.74the “Abated Base Rent”). Tenant ▇▇▇▇▇▇ acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Second Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under the Lease. If Tenant shall be in material or monetary default under the Lease during the Rent Abatement Period and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease, and the Lease is terminated thereafter, then Landlord may at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Rent Abatement as of the date of such default shall terminate effective immediately and Lease, that Tenant shall immediately be become obligated to recommence paying pay to Landlord all unamortized Abated Base Rent for (i.e., based upon the Premises amortization of the Abated Base Rent in full equal monthly amounts, without interest, during the period commencing on the Second Extended Term Commencement Date and Tenant shall have no further right to any Rent Abatement hereunderending on the Second Extended Term Expiration Date).

Abated Base Rent. Provided that Tenant is not then in default of the Leasethis Lease beyond applicable notice and cure periods, then during (i) the last two second (22nd) through ninth (9th) full calendar months of following the Extended Term Lease Commencement Date with respect to the 10275 Building, and (ii) the “second (2nd) through fourteenth (14th) full Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent Period nt 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 Three Hundred Ninety Thousand Seven Hundred Ninety-Nine (a) $3,167,068.00 with respect to the 10275 Building, and 74/100 Dollars (b) $390,799.74)2,992,571.02 with respect to the 10275 Building. Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Second AmendmentLease, and for agreeing to pay the rental and performing the terms and conditions otherwise required under the this Lease. If Tenant shall be in default under the Lease during the Rent Abatement Period 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, or if this Lease is terminated of this Lease or an event 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 terminate effective immediately be converted to a credit to be applied to the Base Rent applicable at the end of the Lease Term and Tenant shall immediately be obligated to recommence begin paying Base Rent for the Premises in full and Tenant shall have no further right to any Rent Abatement hereunderfull. 4.

Abated Base Rent. Provided that Tenant is not then in material or monetary default of the LeaseLease beyond applicable notice and cure periods, then during the last first two (2) full calendar months month(s) of the Extended Term (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 Three Hundred Ninety Thousand Seven Hundred Ninety-Nine and 74/100 Dollars $488,510.40 ($390,799.74the “Abated Base Rent”). Tenant acknowledges and agrees that the foregoing Rent Abatement has been granted to Tenant as additional consideration for entering into this Second Amendment, and for agreeing to pay the rental and performing the terms and conditions otherwise required under the Lease. If Tenant shall be in material or monetary default under the Lease during the Rent Abatement Period and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the Lease, and the Lease is terminated thereafter, then Landlord may at its option, by notice to Tenant, elect, in addition to any other remedies Landlord may have under the Rent Abatement as of the date of such default shall terminate effective immediately and Lease, that Tenant shall immediately be become obligated to recommence paying pay to Landlord all unamortized Abated Base Rent for (i.e., based upon the Premises amortization of the Abated Base Rent in full equal monthly amounts, without interest, during the period commencing on the Extended Term Commencement Date and Tenant shall have no further right to any Rent Abatement hereunderending on the Extended Term Expiration Date).