Rent Abatement. If Landlord repairs the Premises or the Building after a Premises Damage as described in this Article 16, Minimum Monthly Rent and Additional Rent shall be equitably reduced from the date of the Premises Damage until the repairs are completed, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 3 contracts
Samples: Lease (Locust Walk Acquisition Corp.), CardioVascular BioTherapeutics, Inc., Genetronics Biomedical Corp
Rent Abatement. If Landlord repairs the Premises or the Building building after a Premises Damage damage or destruction as described in this Article 16, Minimum Monthly Rent and Additional Rent shall be equitably reduced payable by Tenant hereunder from the date of the Premises Damage damage until the repairs are completedcompleted shall be equitably reduced, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1paid for by Tenant. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 2 contracts
Samples: Industrial Net Lease (Mitokor), Industrial Net Lease (Mitokor)
Rent Abatement. If Landlord repairs the Premises or the Building after a Premises Damage as described in this Article 16, Minimum Monthly Rent and Additional Rent shall be equitably reduced from the date of the Premises Damage until the repairs are completed, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1. Landlord agrees to take reasonable steps to make a claim Claim for and collect any rental income insurance proceeds that might be available.
Appears in 2 contracts
Samples: Mabvax Therapeutics Holdings, Inc., Mabvax Therapeutics Holdings, Inc.
Rent Abatement. If Landlord repairs the Premises or the Building building after a Premises Damage damage or destruction as described in this Article 16Article, Minimum Monthly Rent and Additional Rent shall be equitably reduced payable by Tenant hereunder from the date of the Premises Damage damage until the repairs are completedcompleted shall be equitably reduced, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1paid for by Tenant. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 2 contracts
Samples: Industrial Gross Lease (Scripps Financial Corp), Industrial Gross Lease (Inland Entertainment Corp)
Rent Abatement. If Landlord repairs the Premises or the Building building(s) of which the Premises are a part after a Premises Damage damage or destruction as described in this Article 16, Minimum Monthly Rent and Additional Rent shall be equitably reduced payable by Tenant hereunder from the date of the Premises Damage damage until the repairs are completedcompleted shall be equitably reduced, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1paid for by Tenant. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 2 contracts
Samples: Sublease Agreement (Tenby Pharma Inc), Industrial Net Lease (Avanir Pharmaceuticals)
Rent Abatement. If Landlord repairs the Premises or the Building building after a Premises Damage damage or destruction as described in this Article 16,, Minimum Monthly Rent and Additional Rent shall be equitably reduced payable by Tenant hereunder from the date of the Premises Damage damage until the repairs are completedcompleted shall be equitably reduced, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1paid for by Tenant. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 1 contract
Samples: Sgi International
Rent Abatement. If Landlord repairs the Premises or the Building after a Premises Damage as described in this Article 16, Minimum Monthly Rent and Additional Rent shall be equitably reduced from the date of the Premises Damage until the repairs are completed, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from that such loss is covered or would be covered by the rental income insurance described in required to be carried by Landlord under Section 9.1. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 1 contract
Samples: Jmar Technologies Inc
Rent Abatement. If Landlord repairs the Premises or the Building after a Premises Damage damage or destruction as described in this Article 16, Minimum Monthly Rent and Additional Rent shall be equitably reduced payable by Tenant hereunder from the date of the Premises Damage damage until the repairs are completedcompleted shall be equitably reduced, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1paid for by Tenant. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 1 contract
Rent Abatement. If Landlord repairs the Premises or the Building after a Premises Damage as described in this Article 16, Minimum Monthly Rent and Additional Rent shall be equitably reduced from the date of the Premises Damage until the repairs are completed, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.. 16.8
Appears in 1 contract
Samples: Aethlon Medical Inc
Rent Abatement. If Landlord repairs the Premises or the Building building after a Premises Damage damage or destruction as described in this Article 16Article, Minimum Monthly Rent and Additional Rent shall be equitably reduced payable by Tenant hereunder from the date of the Premises Damage damage until the repairs are completedcompleted shall be equitably reduced, based upon the extent to which such repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from the rental income insurance described in Section 9.1. Landlord agrees to take all reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 1 contract
Samples: Office Lease (Evoke Pharma Inc)
Rent Abatement. If Landlord repairs the Premises or the Building after a Premises Damage as described in this Article 16, Minimum Monthly Rent and Additional Rent shall be equitably reduced from the date of the Premises Damage until the repairs are completed, based upon the extent to which such damage and/or repairs interfere with the business carried on by Tenant in the Premises, but only to the extent Landlord receives proceeds from such rental loss is covered by (or would have been covered by) the rental income insurance described in required pursuant to Section 9.1. Landlord agrees to take reasonable steps to make a claim for and collect any rental income insurance proceeds that might be available.
Appears in 1 contract