Common use of Special Adjustments to Base Rent Payment Dates and Periods Clause in Contracts

Special Adjustments to Base Rent Payment Dates and Periods. Notwithstanding the foregoing: (a) Any Base Rent Period that begins before, and does not otherwise end before, the first Business Day of the first calendar month following a Failed Collateral Test Date shall end upon but not include such first Business Day, and such first Business Day shall constitute a Base Rent Date, upon which Zhone must pay all accrued, unpaid Base Rent for the Base Rent Period just ended. (b) In addition to Base Rent due on a the first Business Day of the first calendar month following a Failed Collateral Test Date, Zhone must pay the Breakage Costs, if any, resulting from any early ending of a Base Rent Period pursuant to the preceding clause 3.(c)(iii)a). (c) If Zhone or any Applicable Purchaser purchases BNPLC's interest in the Property pursuant to ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇&▇ ▇▇▇▇▇▇▇▇ Agreement, any accrued unpaid Base Rent and all outstanding Additional Rent shall be due on the date of purchase in addition to the purchase price and other sums due BNPLC under ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇&▇ ▇▇▇▇▇▇▇▇ Agreement.

Appears in 1 contract

Sources: Lease Agreement (Zhone Technologies Inc)

Special Adjustments to Base Rent Payment Dates and Periods. Notwithstanding the foregoing: (a) Any Base Rent Period that begins before, and does not otherwise end before, the first Business Day of the first calendar month following a Failed Collateral Test Date shall end upon but not include such first Business Day, and such first Business Day shall constitute a Base Rent Date, upon which Zhone must pay all accrued, unpaid Base Rent for the Base Rent Period just ended. (b) In addition to Base Rent due on a the first Business Day of the first calendar month following a Failed Collateral Test Date, Zhone must pay the Breakage Costs, if any, resulting from any early ending of a Base Rent Period pursuant to the preceding clause 3.(c)(iii)a). (c) If Zhone or any Applicable Purchaser purchases BNPLC's interest in the Property pursuant to the ▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇&▇ ▇▇▇▇▇▇▇▇ Agreement, any accrued unpaid Base Rent and all outstanding Additional Rent shall be due on the date of purchase in addition to the purchase price and other sums due BNPLC under ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇&▇ ▇▇▇▇▇▇▇▇ the Building 3 Purchase Agreement.

Appears in 1 contract

Sources: Lease Agreement (Zhone Technologies Inc)