Common use of Rent Abatement Clause in Contracts

Rent Abatement. During any periods of time during which the Applicable Assets and/or Additional Improvements are destroyed, damaged by a Casualty Event or are being restored or reconstructed under the terms of Section 7.4, Rent hereunder shall be abated in the proportion that the Relevant Asset Owner’s use thereof is impacted, on the condition that the Relevant Asset Owner uses commercially reasonable efforts to mitigate the disruption to its business caused by such event.

Appears in 10 contracts

Samples: Master Lease and Access Agreement (HF Sinclair Corp), Master Lease and Access Agreement (HollyFrontier Corp), Master Lease and Access Agreement (HollyFrontier Corp)

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