INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, inducement or consideration for Tenant’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions” shall be deemed conditioned upon Tenant’s full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by Tenant, 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 Landlord under such an Inducement Provision shall be immediately due and payable by Tenant to Landlord, and recoverable by Landlord, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by Tenant. The acceptance by Landlord of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord at the time of such acceptance.
Appears in 2 contracts
Sources: Standard Industrial/Commercial Multi Tenant Lease Modified Net (ADESTO TECHNOLOGIES Corp), Standard Industrial/Commercial Multi Tenant Lease (Opnext Inc)
INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord for free or abated rent Rent or other charges applicable to the Premises, or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, inducement or consideration for Tenant’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions” shall be deemed conditioned upon Tenant’s full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by Tenant during the Term hereof as the same may be extended. Upon the occurrence of a Breach of this Lease by Tenant, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rentRent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Landlord under such an Inducement Provision shall be immediately due and payable by Tenant to Landlord, and recoverable by Landlord, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by Tenant. The acceptance by Landlord of rent Rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 12.3 shall not be deemed a waiver by Landlord of the provisions of this Paragraph 13.3 12.3 unless specifically so stated in writing by Landlord at the time of such acceptance.
Appears in 2 contracts
Sources: Standard Form Industrial Net Lease (Cue Health Inc.), Standard Form Industrial Net Lease (Cue Health Inc.)
INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, inducement or consideration for Tenant’s Lessee's entering into this Lease, all of which concessions are hereinafter referred to as “"Inducement Provisions” " shall be deemed conditioned upon Tenant’s Lessee's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed performed, or observed by TenantLessee during the term hereof as the same may be extended. Upon the occurrence of a Breach (as defined in Paragraph 13.1) 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 Landlord Lessor under such an Inducement Provision shall be immediately due and payable by Tenant Lessee to LandlordLessor, and recoverable by LandlordLessor, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord Lessor of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord Lessor at the time of such acceptance.
Appears in 1 contract
Sources: Sublease Agreement (Premium Cigars International LTD)
INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord Lessor for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for Tenant’s Lessee's entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions” "INDUCEMENT PROVISIONS," shall be deemed conditioned upon Tenant’s Lessee's full and faithful performance of all of the terms, covenants and conditions occurrence of a Breach of this Lease to be performed or observed by TenantLessee, as defined in Paragraph 13.1, 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 Landlord Lessor under such an Inducement Provision shall be immediately due and payable by Tenant Lessee to LandlordLessor, and recoverable by Landlord, Lessor as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord Lessor of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord Lessor at the time of such acceptance.
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INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, inducement or consideration for Tenant’s 's entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions” "INDUCEMENT PROVISIONS" shall be deemed conditioned upon Tenant’s 's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by Tenant, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, --15-- Initials /s/ MB / ▇▇▇ ------------ <PAGE> and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Landlord under such an Inducement Provision shall be immediately due and payable by Tenant to Landlord, and recoverable by Landlord, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by Tenant. The acceptance by Landlord of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord at the time of such acceptance.Paragraph
Appears in 1 contract
Sources: Standard Industrial/Commercial Multi Tenant Lease Modified Net (SBS Technologies Inc)
INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, inducement or consideration for Tenant’s 's entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions” "INDUCEMENT PROVISIONS" shall be deemed conditioned upon Tenant’s 's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by Tenant, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, --15-- Initials /s/ MB / ▇▇▇ ------------ and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Landlord under such an Inducement Provision shall be immediately due and payable by Tenant to Landlord, and recoverable by Landlord, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by Tenant. The acceptance by Landlord of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord at the time of such acceptance. LANDLORD AND TENANT ACKNOWLEDGE THAT THERE WAS NO INDUCEMENT OR CONSIDERATION GIVEN TO TENANT TO ENTER THIS LEASE.
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INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord Lessor for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord Lessor to or for Tenant Lessee of any cash or other bonus, inducement or consideration for Tenant’s Lessee's entering into this Lease, all of which concessions conditions are hereinafter referred to as “"Inducement Provisions” " shall be deemed conditioned upon Tenant’s Lessee's full and faithful performance of all of the terms, covenants and conditions of this Lease to be performed or observed by TenantLessee during the term hereof as the same may be extended. Upon the occurrence of a Breach (as defined in Paragraph 13.1) 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 Landlord Lessor under such an Inducement Provision shall be immediately due and payable by Tenant Lessee to LandlordLessor, and recoverable by LandlordLessor, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by TenantLessee. The acceptance by Landlord Lessor of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not Shall be deemed a waiver by Landlord Lessor of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord Lessor at the time of at such acceptance.
Appears in 1 contract
Sources: Standard Industrial/Commercial Multi Tenant Lease (Nuvasive Inc)
INDUCEMENT RECAPTURE IN EVENT OF BREACH. Any agreement by Landlord for free or abated rent or other charges applicable to the Premises, or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, inducement or consideration for Tenant’s 's entering into this Lease, all of which concessions are hereinafter referred to as “"Inducement Provisions” " shall be deemed conditioned upon Tenant’s 's full and faithful performance of Initials ____/____ all of the terms, covenants and conditions of this Lease to be performed or observed by Tenant, 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 Landlord under such an Inducement Provision shall be immediately due and payable by Tenant to Landlord, and recoverable by Landlord, as additional rent due under this Lease, notwithstanding any subsequent cure of said Breach by Tenant. The acceptance by Landlord of rent or the cure of the Breach which initiated the operation of this Paragraph 13.3 shall not be deemed a waiver by Landlord of the provisions of this Paragraph 13.3 unless specifically so stated in writing by Landlord at the time of such acceptance.
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