Common use of Temporary Reduction of Rent Clause in Contracts

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores Property pursuant to the provisions of this Article Seven, 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 Property is impaired. Except for such possible reduction in Base Rent, Tenant shall not be entitled to any compensation, 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: Industrial Real Estate Lease (Maxwell Laboratories Inc /De/)

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Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. Except for such possible reduction in Base Rentrent, Tenant shall not be entitled to any compensation, 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: Trimedyne Inc

Temporary Reduction of Rent. If the Property is shall be destroyed or damaged by casualty and Landlord or Tenant repairs or restores Property this Lease is not terminated pursuant to the provisions of this Article SevenEleven, 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 Xxxxxx’s use of the Property is Premises shall be impaired. Except for such possible reduction in Base Rent, insurance premiums and 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: And Attornment Agreement (Universal Power Group Inc.)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, 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 Property is impaired. Except for such possible reduction in Base Rent, Tenant shall not be entitled to any compensation, 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: 99 Cents Only Store

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Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, 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 Property is impaired. Except for such possible reduction in Base Rent99 ¢ Only Stores® #46 Initials _____ _____ Xxx Xxxxxxx Xxxxxx, Tenant shall not be entitled to any compensationXxxxxxxx Xxxxxxx, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.XX

Appears in 1 contract

Samples: Lease (99 Cents Only Stores)

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