Common use of Temporary Reduction of Rent Clause in Contracts

Temporary Reduction of Rent. If the Property shall be destroyed or damaged by casualty and Landlord shall determine to repair or restore the Property pursuant to the provisions of this Article Eleven, any Rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s use of the Premises shall be impaired. Such reduction shall not exceed the sum of one year’s payment of Base Rent, insurance premiums and Real Property Taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxes, Tenant shall not be entitled to any compensation, reduction or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of the Property.

Appears in 2 contracts

Samples: Spinal Elements Holdings, Inc., Aspen Aerogels Inc

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Temporary Reduction of Rent. If the Property shall be Leased Premises is destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property Leased Premises pursuant to the provisions of this Article ElevenLease, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s use of the Leased Premises shall be is impaired. Such However, the reduction shall not exceed the sum of one year’s payment of Base Rent, insurance Insurance premiums and Real Property Taxesreal property taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the PropertyLeased Premises.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Icop Digital, Inc)

Temporary Reduction of Rent. If the Property shall be is destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property pursuant to the provisions of this Article ElevenSeven, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s use Tenaxx'x xse of the Premises shall be Property is impaired. Such However, the reduction shall not exceed the sum of one year’s 's payment of Base Rent, insurance premiums and Real Property Taxesreal property taxes if Tenant is doing the Repair. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the PropertyProperty for which Landlord is not otherwise responsible.

Appears in 1 contract

Samples: Viasat Inc

Temporary Reduction of Rent. If the Property shall be is destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property pursuant to the provisions of this Article ElevenARTICLE 7, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s use Landlord receives the proceeds of rental continuation insurance covering such period of time. However, the Premises shall be impaired. Such reduction shall not exceed the sum of one year’s payment of Base Rent, insurance premiums and Real Property Taxesreal property taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Qualstar Corp

Temporary Reduction of Rent. If the Property shall be is destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property pursuant to the provisions of this Article ElevenSeven, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s use Landlord receives the proceeds of rental continuation insurance covering such period of time. However, the Premises shall be impaired. Such reduction shall not exceed the sum of one year’s 's payment of Base Rent, insurance premiums and Real Property Taxesreal property taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Xylan Corp

Temporary Reduction of Rent. If the Property shall be is destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property pursuant to the provisions of this Article Eleven7, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s use Landlord receives the proceeds of rental continuation insurance covering such period of time. However, the Premises shall be impaired. Such reduction shall not exceed the sum of one year’s 's payment of Base Rent, insurance premiums and Real Property Taxesreal property taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Obagi Medical Products, Inc.

Temporary Reduction of Rent. If the Property shall be is partially, substantially or totally destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property pursuant to the provisions of this Article ElevenSeven, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s use of the Premises shall be Property is impaired. Such However, the reduction shall not exceed the sum of one year’s payment of Base Rent, insurance premiums and Real Property Taxesreal property taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Pc Mall Inc)

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Temporary Reduction of Rent. If the Property shall be Premises is destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property Premises pursuant to the provisions of this Article ElevenSeven, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s 's use of the Premises shall be is impaired. Such However, the reduction shall not exceed the sum of one year’s 's payment of Base Rent, insurance premiums Insurance Premiums and Real Property Taxes. Except for such possible reduction in Base Rent, insurance premiums Insurance Premiums and Real Property Taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the PropertyPremises.

Appears in 1 contract

Samples: D & K Healthcare Resources Inc

Temporary Reduction of Rent. If the Property shall be is destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property pursuant to the provisions of this Article ElevenSeven, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s use of the Premises shall be Property is impaired. Such However, the reduction shall not exceed the sum amount of one year’s payment Insurance proceeds payable to Landlord by its insurance carrier to replace the loss of Base Rent, insurance premiums proceeds and Real Property Taxesreal estate taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (SP Holding CORP)

Temporary Reduction of Rent. If the Property shall be is partially, substantially or totally destroyed or damaged by casualty and Landlord shall determine to repair or restore Tenant repairs or restores the Property pursuant to the provisions of this Article ElevenSeven, any Rent rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s 's use of the Premises shall be Property is impaired. Such However, the reduction shall not exceed the sum of one year’s 's payment of Base Rent, insurance premiums and Real Property Taxesreal property taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property. Section 7.04.

Appears in 1 contract

Samples: Lease Agreement (Pc Mall Inc)

Temporary Reduction of Rent. If the Property Premises shall be destroyed or damaged by casualty and Landlord shall determine to repair or restore the Property Premises pursuant to the provisions of this Article Eleven, any Rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant’s 's use of the Premises shall be impaired. Such reduction shall not exceed the sum of one year’s 's payment of Base Rent, insurance premiums and Real Property Taxes. Except for such possible reduction in Base Rent, insurance premiums and Real Property Taxes, . Tenant shall not be entitled to any compensation, reduction or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of the PropertyPremises.

Appears in 1 contract

Samples: Lease Agreement (Petco Animal Supplies Inc)

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