Common use of No Abatement of Rent Clause in Contracts

No Abatement of Rent. This Lease shall remain in full force and effect and Tenant’s obligation to make payments of Rent and to pay all other charges required under this Lease shall remain unabated during the Term notwithstanding any damage involving any Leased Property (provided that Lessor shall credit against such payments any amounts paid to Lessor as a consequence of such damage under any business interruption insurance obtained by Tenant); provided, however, that, effective upon the purchase of any Leased Property or termination of this Lease as to the applicable Leased Property pursuant to and in accordance with Section 14.2, this Lease shall terminate as to such Leased Property and the provisions of Section 40.16 hereof shall apply. The provisions of this ARTICLE XIV shall be considered an express agreement governing any cause of damage or destruction to the applicable Leased Property and, to the maximum extent permitted by law, no local or state statute, law, rule, regulation or ordinance in effect during the Term which provides for such a contingency shall have any application in such case.

Appears in 11 contracts

Samples: Master Lease Agreement (Kindred Healthcare, Inc), Master Lease Agreement (Kindred Healthcare, Inc), Master Lease Agreement (Ventas Inc)

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No Abatement of Rent. This Lease shall remain in full force -------------------- and effect and Tenant’s 's obligation to make payments of Rent and to pay all other charges required under this Lease shall remain unabated during the Term notwithstanding any damage involving any Leased Property (provided that Lessor shall credit against such payments any amounts paid to Lessor as a consequence of such damage under any business interruption insurance obtained by Tenant); provided, however, that, effective upon the purchase of any Leased Property or -------- ------- termination of this Lease as to the applicable Leased Property pursuant to and in accordance with Section 14.2, this Lease shall terminate as to such Leased ------------ Property and the provisions of Section 40.16 hereof shall apply. The provisions ------------- of this ARTICLE Article XIV shall be considered an express agreement governing any cause ----------- of damage or destruction to the applicable Leased Property and, to the maximum extent permitted by law, no local or state statute, law, rule, regulation or ordinance in effect during the Term which provides for such a contingency shall have any application in such case.

Appears in 6 contracts

Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc)

No Abatement of Rent. This Lease shall remain in full force and effect and Tenant’s obligation to make payments of Rent and to pay all other charges required under this Lease shall remain unabated during the Term notwithstanding any damage involving any Leased Property (provided that Lessor shall credit against such payments any amounts paid to Lessor as a consequence of such damage under any business interruption insurance obtained by Tenant); provided, however, that, effective upon the purchase of any Leased Property or termination of this Lease as to the applicable Leased Property pursuant to and in accordance with Section 14.2, this Lease shall terminate as to such Leased Property and the provisions of Section 40.16 hereof shall apply. The provisions of this ARTICLE Article XIV shall be considered an express agreement governing any cause of damage or destruction to the applicable Leased Property and, to the maximum extent permitted by law, no local or state statute, law, rule, regulation or ordinance in effect during the Term which provides for such a contingency shall have any application in such case.

Appears in 2 contracts

Samples: Master Lease Agreement (Ventas Inc), Master Lease Agreement (Kindred Healthcare Inc)

No Abatement of Rent. This Lease shall remain in full force and effect and Tenant’s 's obligation to make payments of Rent and to pay all other charges required under this Lease shall remain unabated during the Term notwithstanding any damage involving any Leased Property (provided that Lessor shall credit against such payments any amounts paid to Lessor as a consequence of such damage under any business interruption insurance obtained by Tenant); provided, however, that, effective upon the purchase of any Leased Property or termination of this Lease as to the applicable Leased Property pursuant to and in accordance with Section 14.2, this Lease shall terminate as to such Leased Property and the provisions of Section 40.16 hereof shall apply. The provisions of this ARTICLE Article XIV shall be considered an express agreement governing any cause of damage or destruction to the applicable Leased Property and, to the maximum extent permitted by law, no local or state statute, law, rule, regulation or ordinance in effect during the Term which provides for such a contingency shall have any application in such case.

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

No Abatement of Rent. This Lease Unless a Facility Termination occurs pursuant to Section 10.2 above, this Agreement shall remain in full force and effect and Tenant’s obligation to make all payments of Rent and to pay all other charges Additional Charges as and when required under this Lease Agreement shall remain unabated during the Term notwithstanding any damage involving any Casualty to the Leased Property (provided that Lessor Landlord shall credit against such payments any amounts paid to Lessor Landlord or Mortgagee as a consequence of such damage under any business interruption insurance obtained by TenantTenant hereunder; if any amounts are not so credited, Rent shall be abated by the amount that should have been so credited); provided, however, that, effective upon the purchase of any Leased Property or termination of this Lease as to the applicable Leased Property pursuant to and in accordance with Section 14.2, this Lease shall terminate as to such Leased Property and the provisions of Section 40.16 hereof shall apply. The provisions of this ARTICLE XIV Article 10 shall be considered an express agreement governing any cause event of damage or destruction to Casualty involving the applicable Leased Property and, to the maximum extent permitted by law, no Tenant hereby waives the application of any local or state State statute, law, rule, regulation or ordinance in effect during the Term which provides for such a contingency shall have any application in such caseabatement.

Appears in 1 contract

Samples: Master Lease Agreement (Care Investment Trust Inc.)

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No Abatement of Rent. This The applicable Lease shall remain in full force and effect and Tenant’s 's obligation to make all payments of Rent and to pay all other charges as and when required under this such Lease shall remain unabated during the Term notwithstanding any damage involving any the applicable Leased Property (provided that Lessor Landlord shall credit against such payments any amounts paid to Lessor Landlord as a consequence of such damage under any business interruption insurance obtained by TenantTenant hereunder); provided, however, that, that effective upon the purchase of any such Leased Property or termination of this such Lease as to the applicable Leased Property pursuant to and in accordance with Section 14.210.2, this such Lease shall terminate as except with respect to the obligations and liabilities of Tenant thereunder, actual or contingent, that arose prior to such Leased Property and the provisions of Section 40.16 hereof shall applytermination. The provisions of this ARTICLE XIV Article 10 shall be considered an express agreement governing any cause of damage or destruction to the applicable Leased Property and, to the maximum extent permitted by law, no local or state State statute, lawlaws, rulerules, regulation or ordinance in effect during the Term which provides provide for such a contingency shall have any application in such case.

Appears in 1 contract

Samples: Senior Housing Properties Trust

No Abatement of Rent. This The applicable Lease shall remain in full force and effect and Tenant’s 's obligation to make all payments of Rent (including, without limitation, Additional Rent) and to pay all other charges as and when required under this such Lease shall remain unabated during the Term notwithstanding any damage involving any the applicable Leased Property (provided that Lessor Landlord shall credit against such payments any amounts paid to Lessor Landlord as a consequence of such damage under any business interruption insurance obtained by TenantTenant hereunder); provided, however, that, that effective upon the purchase of any such Leased Property or termination of this such Lease as to the applicable Leased Property pursuant to and in accordance with Section 14.210.2, this such Lease shall terminate as except with respect to the obligations and liabilities of Tenant thereunder, actual or contingent, that arose prior to such Leased Property and the provisions of Section 40.16 hereof shall applytermination. The provisions of this ARTICLE XIV Article 10 shall be considered an express agreement governing any cause of damage or destruction to the applicable Leased Property and, to the maximum extent permitted by law, no local or state State statute, lawlaws, rulerules, regulation or ordinance in effect during the Term which provides provide for such a contingency shall have any application in such case.

Appears in 1 contract

Samples: Master Lease (Senior Housing Properties Trust)

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