Common use of Suspension of Rent Clause in Contracts

Suspension of Rent. If the Property is unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.

Appears in 7 contracts

Samples: Dated (Immunocore LTD), Dated (Immunocore LTD), Immunocore LTD

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Suspension of Rent. If the Property is (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 7 contracts

Samples: Prescribed Clauses (Adaptimmune Therapeutics PLC), Adaptimmune Therapeutics PLC, Adaptimmune Therapeutics PLC

Suspension of Rent. If the Property or any part of it is damaged by any risk against which it is insured so as to be unfit for occupation and use because the Rent, or a fair proportion of damage by an Insured Risk then (save to it, shall be suspended until the extent that Property, or the affected part, is fit for occupation. This provision does not apply where payment of the loss insurance money is wholly or partly refused because of rent insurance moneys is refused due to the any act or default of the Tenant) the Principal Rent (Tenant or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useanyone under his control.

Appears in 3 contracts

Samples: Agreement, Agreement, www.upperlodgesussex.com

Suspension of Rent. If and whenever the Property or any part of it is damaged or destroyed by any risk against which it is insured so as to be unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (Rent, or a fair proportion of it according to the nature and extent of the damage) damage sustained, shall be suspended until the date on which Property, or the Property is again affected part, has been rebuilt or reinstated so as to be fit for occupation and use. This provision does not apply where payment of the insurance money is wholly or partly refused because of any act or default of the Tenant or anyone under his control.

Appears in 2 contracts

Samples: Tenancy Agreement, Assured Shorthold Tenancy Agreement

Suspension of Rent. 6.3.1 If the Property is Premises are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.earlier of:

Appears in 2 contracts

Samples: Cambridge Display Technology, Inc., Cmgi Inc

Suspension of Rent. If the Property is (or the means of access thereto) are wholly or partly unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 2 contracts

Samples: Oxford Immunotec Global PLC, Oxford Immunotec Global PLC

Suspension of Rent. If the Property is (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 2 contracts

Samples: Oxford Immunotec Global PLC, Oxford Immunotec Global PLC

Suspension of Rent. If the Property is (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 1 contract

Samples: Replimune Group, Inc.

Suspension of Rent. If the Property is unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.

Appears in 1 contract

Samples: Lease Particulars (Vertex Pharmaceuticals Inc / Ma)

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Suspension of Rent. 6.3.1 If the Property is Premises are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance Insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.earlier of the:

Appears in 1 contract

Samples: Capital Business Parks Globeside (Icon PLC /Adr/)

Suspension of Rent. 6.3.1 If the Property is (or the means of access thereto) are unfit for occupation and or use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 1 contract

Samples: Summit Therapeutics PLC

Suspension of Rent. 6.3.1 If the Property is (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 1 contract

Samples: Summit Corp PLC

Suspension of Rent. 6.3.1 If the Property and/or the means of access to it is unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.use and accessible (excluding fitting out and replacement of contents);

Appears in 1 contract

Samples: Exscientia LTD

Suspension of Rent. If and whenever the Building or any part of it is damaged or destroyed by any risk against which it is insured so as to make the Property is unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (Rent, or a fair proportion of it according to the nature and extent of the damage) damage sustained, shall be suspended until the date on which Building, or the affected part, has been rebuilt or reinstated so as make the Property is again fit for occupation and use. This provision does not apply where payment of the insurance money is wholly or partly refused because of any act or default of the Tenant or anyone under his control.

Appears in 1 contract

Samples: Assured Shorthold Tenancy Agreement

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