Common use of Abatement Termination Clause in Contracts

Abatement Termination. In the event any part of the Premises, as a result of damage by fire or other casualty, is rendered untenantable, for the conduct of Tenant's business, rent shall be reduced and abated in proportion to the part of the Premises which is so rendered untenantable until the damaged portion of the Premises have been made tenantable for the conduct of Tenant's business or until this Lease expires or terminates, whichever occurs first; provided that, (a) there shall be no abatement of rent with respect to any portion of the Premises which is rendered unusable for a period of five (5) days or less, (b) there shall be no abatement of rent if Landlord provides other space in the Building to Tenant which is reasonably suited for the temporary conduct of Tenant's business,(c) there shall be no abatement of rent whatsoever with respect to any damage caused in whole or in part by the negligence or willful act of Tenant, its agents, employees, contractors, licensees or invitees. In the event Landlord terminates this Lease pursuant to the terms of Sections 12.1 and 12.2, this Lease and the estate and interest of the Tenant in the Premises shall terminate and expire on the date specified in Landlord's notice of termination and the rent payable hereunder shall be pro rated as of such date, subject to rent abatement, if any, to the extent provided above.

Appears in 3 contracts

Samples: Office Lease (Vestin Group Inc), Office Lease (Vestin Group Inc), Office Lease (Vestin Group Inc)

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Abatement Termination. In the event any part of the Premises, as a result of damage by fire or other casualty, is rendered untenantableun-tenantable, for the conduct of Tenant's ’s business, rent shall be reduced and and/or abated in proportion to the part of the Premises which is so rendered untenantable un- tenantable until the damaged portion of the Premises have been made tenantable for the conduct of Tenant's ’s business or until this Lease expires or terminates, whichever occurs first; provided that, (a) there shall be no abatement of rent with respect to any portion of the Premises which is rendered unusable for a period of five (5) days or less, (b) there shall be no abatement of rent if Landlord provides other space in the Building or the Project to Tenant which is reasonably suited for the temporary conduct of Tenant's business,(c’s business, (c) there shall be no abatement of rent whatsoever with respect to any damage caused in whole or in part by the negligence or willful act of Tenant, its agents, employees, contractors, licensees or invitees. In the event Landlord terminates this Lease pursuant to the terms of Sections 12.1 10.1 and 12.210.2, this Lease and the estate and interest of the Tenant in the Premises shall terminate and expire on the date specified in Landlord's ’s notice of termination and the rent payable hereunder shall be pro rated as of such date, subject to rent abatement, if any, to the extent provided above.

Appears in 1 contract

Samples: Lease Agreement (CLS Holdings USA, Inc.)

Abatement Termination. In the event any part of the Premises, as a result of damage by fire or other casualty, is rendered untenantableun-tenantable, for the conduct of Tenant's business, rent shall be reduced and and/or abated in proportion to the part of the Premises which is so rendered untenantable un-tenantable until the damaged portion of the Premises have been made tenantable for the conduct of Tenant's business or until this Lease expires or terminates, whichever occurs first; provided that, (a) there shall be no abatement of rent with respect to any portion of the Premises which is rendered unusable for a period of five (5) days or less, (b) there shall be no abatement of rent if Landlord provides other space in the Building or the Project to Tenant which is reasonably suited for the temporary conduct of Tenant's business,(cbusiness, (c) there shall be no abatement of rent whatsoever with respect to any damage caused in whole or in part by the negligence or willful act of Tenant, its agents, employees, contractors, licensees or invitees. In the event Landlord terminates this Lease pursuant to the terms of Sections 12.1 10.1 and 12.210.2, this Lease and the estate and interest of the Tenant in the Premises shall terminate and expire on the date specified in Landlord's notice of termination and the rent payable hereunder shall be pro rated as of such date, subject to rent abatement, if any, to the extent provided above.

Appears in 1 contract

Samples: Lease Agreement (CLS Holdings USA, Inc.)

Abatement Termination. In the event any part of the Premises, as a result of damage by fire or other casualty, is rendered untenantableun-tenantable, for the conduct of Tenant's business, rent shall be reduced and and/or abated in proportion to the part of the Premises which is so rendered untenantable un-tenantable until the damaged portion of the Premises have been made tenantable for the conduct of Tenant's business or until this Lease expires or terminates, whichever occurs first; provided that, (a) there shall be no abatement of rent with respect to any portion of the Premises which is rendered unusable for a period of five (5) days or less, (b) there shall be no abatement of rent if Landlord provides other space in the Building or the Project to Tenant which is reasonably suited for the temporary conduct of Tenant's business,(cbusiness, (c) there shall be no abatement of rent whatsoever with respect to any damage caused in whole or in part by the negligence or willful act of Tenant, . its agents, employees, contractors, licensees or invitees. In the event Landlord terminates this Lease pursuant to the terms of Sections 12.1 10.1 and 12.210.2, this Lease and the estate and interest of the Tenant in the Premises shall terminate and expire on the date specified in Landlord's notice of termination and the rent payable hereunder shall be pro rated as of such date, subject to rent abatement, if any, to the extent provided above.

Appears in 1 contract

Samples: Lease Agreement (CLS Holdings USA, Inc.)

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Abatement Termination. In the event any part of the Premises, as a result of damage by fire or other casualty, is rendered untenantable, for the conduct of Tenant's ’s business, rent shall be reduced and abated in proportion to the part of the Premises which is so rendered untenantable until the damaged portion of the Premises have been made tenantable for the conduct of Tenant's ’s business or until this Lease expires or terminates, whichever occurs first; provided that, (a) there shall be no abatement of rent with respect to any portion of the Premises which is rendered unusable for a period of five (5) days or less, (b) there shall be no abatement of rent if Landlord provides other space in the Building to Tenant which is reasonably suited for the temporary conduct of Tenant's ’s business,(c) there shall be no abatement of rent whatsoever with respect to any damage caused in whole or in part by the negligence or willful act of Tenant, its agents, employees, contractors, licensees or invitees. In the event Landlord terminates this Lease pursuant to the terms of Sections 12.1 and 12.2, this Lease and the estate and interest of the Tenant in the Premises shall terminate and expire on the date specified in Landlord's ’s notice of termination and the rent payable hereunder shall be pro rated as of such date, subject to rent abatement, if any, to the extent provided above.

Appears in 1 contract

Samples: Office Lease (Vestin Fund Iii LLC)

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