Common use of Abatement of Rent Clause in Contracts

Abatement of Rent. In the event of a taking of the Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Premises so taken (less any addition to the area of the Premises by reason of any reconstruction) bears to the area of the Premises immediately prior to such taking.

Appears in 4 contracts

Samples: Reciprocal Easement Agreement (Forescout Technologies, Inc), Reciprocal Easement Agreement (Forescout Technologies, Inc), Reciprocal Easement Agreement (Silver Spring Networks Inc)

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Abatement of Rent. In Except in the event case of a taking of the Premises which does not result in a termination of this Lease (other than a temporary taking), thenif any portion of the Leased Premises is taken by Condemnation and this Lease is not terminated, then as of the date possession is taken by the condemning authoritytaken, the Base Monthly Rent shall be reduced in the same proportion that the area square footage of that part of the Leased Premises so taken (less any addition to the area of the Premises thereto by reason of any reconstruction) bears to the area original square footage of the Premises immediately prior to such takingLeased Premises.

Appears in 3 contracts

Samples: Lease Agreement (Knightscope, Inc.), Lease Agreement (Knightscope, Inc.), Lease Agreement (Spectrum Pharmaceuticals Inc)

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking)Lease, then, as of the date possession is taken by the condemning authority, the Base Monthly Rent (and any Additional Rent) shall be reduced abated in proportion to the same proportion that degree to which, and during the area period of that part time for which, Tenant’s use of the Leased Premises so taken (less any addition to the area of the Premises by reason of any reconstruction) bears to the area of the Premises immediately prior to such takingis impaired.

Appears in 3 contracts

Samples: Lsi Logic Corp, Lsi Logic Corp, Lsi Logic Corp

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking)Lease, then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.

Appears in 3 contracts

Samples: Lease (Allion Healthcare Inc), Acceptance Agreement (Mattson Technology Inc), Industrial Space Lease (Mattson Technology Inc)

Abatement of Rent. In the event of a taking If any portion of the Leased Premises which does not result in a termination of is taken by Condemnation and this Lease (other than a temporary taking)is not terminated, then, as of the date possession is taken by the condemning authoritytaken, the Base Monthly Rent and Additional Rent shall be reduced in the same proportion that the floor area of that part of the Leased Premises so taken (less any addition to the area of the Premises thereto by reason of any reconstruction) bears to the original floor area of the Premises immediately prior to such takingLeased Premises.

Appears in 3 contracts

Samples: Acceptance Agreement (Sight Sciences, Inc.), Acceptance Agreement (Nevro Corp), Acceptance Agreement (Nevro Corp)

Abatement of Rent. In the event of a taking If any part of the Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authoritycondemnation and this Lease is not terminated, the Base Monthly Rent shall be reduced in the same proportion that the floor area of that part of the Premises so taken (less any addition to the area of the Premises thereto by reason of any reconstruction) bears to the original floor area of the Premises immediately prior to such takingPremises.

Appears in 2 contracts

Samples: Lease (ShockWave Medical, Inc.), Lease (Universal Access Inc)

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.

Appears in 2 contracts

Samples: Lease (Adept Technology Inc), Lease (Adept Technology Inc)

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent and Property Operating Expenses shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.

Appears in 2 contracts

Samples: Office Lease (Cortina Systems Inc), Office Lease (PMC Sierra Inc)

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than including a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.

Appears in 2 contracts

Samples: Lease (Cardium Therapeutics, Inc.), Copper Mountain Networks Inc

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.. 11.7

Appears in 2 contracts

Samples: Vantive Corp, Vantive Corp

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent and Additional Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.

Appears in 2 contracts

Samples: Lease (Cardiodx Inc), Lease (Cardiodx Inc)

Abatement of Rent. In the event of a taking Taking of the Premises which does not result in a termination of this Lease (other than a temporary takingTaking), then, as of the date possession is taken Taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Premises so taken Taken (less any addition to the area of the Premises by reason of any reconstruction) bears to the area of the Premises immediately prior to such takingTaking.

Appears in 1 contract

Samples: Lease (LumiraDx LTD)

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking)Lease, then, as of the date possession is taken by the condemning authority, the Base Monthly Rent and Additional Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.

Appears in 1 contract

Samples: Lease (Personalis, Inc.)

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Abatement of Rent. In Except in the event case of a taking temporary taking, if any ----------------- portion of the Premises which does not result in a termination of is taken by Condemnation and this Lease (other than a temporary taking)is not terminated, then, then as of the date possession is taken by the condemning authoritytaken, the Base Monthly Rent shall be reduced in the same proportion that the area of that part value of the Premises so taken (less any addition to the area of the Premises thereto by reason of any reconstruction) bears to the area value of the Premises immediately prior to such takingremainder of the Premises.

Appears in 1 contract

Samples: Lease Agreement (Concentric Network Corp)

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking)Lease, then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking. In the case of a temporary taking, such abatement shall only continue during the pendency of the temporary taking.

Appears in 1 contract

Samples: By And (Equinix Inc)

Abatement of Rent. In Except in the event case of a taking temporary taking, if any portion of the Premises which does not result in a termination of is taken by Condemnation and this Lease (other than a temporary taking)is not terminated, then, then as of the date possession is taken by the condemning authoritytaken, the Base Monthly Rent and Additional Rent shall be equitably reduced in proportion to the same proportion that reduction in the area of that part fair market rental value of the Premises so taken (less any addition to the area as a consequence of the Premises by reason of any reconstruction) bears to the area of the Premises immediately prior to such takingCondemnation.

Appears in 1 contract

Samples: Lease (Amnis Systems Inc)

Abatement of Rent. In the event of a taking If any portion of the Premises which does not result in a termination of is taken by ----------------- Condemnation and this Lease (other than a temporary taking)is not terminated, then, then as of the date possession is taken by the condemning authoritytaken, the Base Monthly Rent shall be reduced in the same proportion that the area of that part value of the Premises so taken (less any addition to the area of the Premises thereto by reason of any reconstruction) bears to the area value of the Premises immediately prior to such takingremainder of the Premises.

Appears in 1 contract

Samples: Asset Purchase Agreement (Petsmart Com Inc)

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.. 19 11.7

Appears in 1 contract

Samples: Scientific Learning Corp

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking)Lease, then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstructionreconstruction after such addition is available for Tenant’s use) bears to the area of the Leased Premises immediately prior to such taking.

Appears in 1 contract

Samples: Lease (Redback Networks Inc)

Abatement of Rent. In the event of a taking of the Leased Premises which does not result in a termination of this Lease (other than a temporary taking), then, as of the date possession is taken by the condemning authority, the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any reconstruction) bears to the area of the Leased Premises immediately prior to such taking.. Building E

Appears in 1 contract

Samples: Disturbance Agreement (Palo Alto Networks Inc)

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