Common use of Inducement Recapture Clause in Contracts

Inducement Recapture. The Rent Abatement (defined in Exhibit A) is hereinafter referred to as an “Inducement Provision” and the dollar amount thereof shall be amortized over the period from July 15, 2021 to November 30, 2027. If this Sublease is terminated as a result of a default by Subtenant beyond any applicable notice and cure periods, the remaining unamortized portion of such Inducement Provision as of the date of termination shall be immediately due and payable by Subtenant.

Appears in 2 contracts

Sources: Sublease (Rubrik, Inc.), Sublease (Rubrik, Inc.)