Common use of Temporary Reduction of Rent Clause in Contracts

Temporary Reduction of Rent. If the Leased Premises is totally or substantially destroyed, or if the Leased Premises is damaged through no fault of Tenant’s, and the Leased Premises is repaired pursuant to the provisions of this Article, 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 is impaired. Tenant shall not be entitled to any other compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Leased Premises.

Appears in 2 contracts

Samples: Meadows Corporate Center (Quality Systems Inc), Meadows Corporate Center (Quality Systems Inc)

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Temporary Reduction of Rent. If the Leased Premises is totally or substantially destroyed, or if the Leased Premises is damaged through no fault of Tenant’s's, and the Leased Premises is repaired pursuant to the provisions of this Article, 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 Leased Premises is impaired. Tenant shall not be entitled to any other compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Leased Premises.

Appears in 2 contracts

Samples: Industrial Lease Agreement (Innotrac Corp), Industrial Lease Agreement (Innotrac Corp)

Temporary Reduction of Rent. If the Leased Premises is totally are destroyed or substantially destroyed, damaged and Landlord or if Tenant repairs or restores the Leased Premises is damaged through no fault of Tenant’s, and the Leased Premises is repaired pursuant to the provisions of this ArticleArticle XII, Rent any rent payable during the period of such damage, repair and/or restoration shall be reduced according to based on the degree, if any, extent to which the destruction interferes with Tenant’s 's use of the Leased Premises is impairedPremises. Except for such possible reduction in payments required from the Tenant, Tenant shall not be entitled to any other compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Leased leased Premises.

Appears in 1 contract

Samples: Lease (Community Bancorp Inc)

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Temporary Reduction of Rent. If the Leased Premises is totally destroyed or substantially destroyed, damaged and Landlord or if Tenant repairs or restores the Leased Premises is damaged through no fault of Tenant’s, and the Leased Premises is repaired pursuant to the provisions of this ArticleArticle XVII, 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 Leased Premises is impaired, as reasonably determined by Landlord. Except for such possible reduction in Rent, Tenant shall not be entitled to any other compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Leased Premises.

Appears in 1 contract

Samples: Lease Agreement (Central Coast Bancorp)

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