Common use of Temporary Reduction of Rent Clause in Contracts

Temporary Reduction of Rent. If the Premises is destroyed or damaged and Landlord or Tenant repairs or restores the Premises pursuant to the provisions of this Article Seven, any Base Rent and recurring Additional Rent payable during the period of such damage, repair and/or restoration shall be equitably reduced according to the degree, if any, to which Tenant’s use of the Premises is impaired. However, the 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 or to the Premises.

Temporary Reduction of Rent. If the Premises Property is destroyed or damaged and Landlord or Tenant repairs or restores the Premises Property pursuant to the provisions of this Article Seven, any Base Rent Rent, insurance premiums and recurring Additional Rent real property taxes payable during the period of such damage, repair and/or restoration shall be equitably reduced according to the degree, if any, to which Tenant’s 's use of the Premises Property is impaired. However, the reduction shall not exceed the sum of one year’s 's payment of Base Rent, insurance premiums, premiums and Real Property Taxesreal property taxes and to the extent only of those proceeds received by Landlord from Landlord's loss of income insurance coverage. Except for such possible reduction in Base Rent, insurance premiums, premiums and Real Property Taxesreal property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from for Landlord as a result of any damage, destruction, repair, or restoration of or to the PremisesProperty.

Temporary Reduction of Rent. If the Premises is destroyed or damaged and Landlord or Tenant repairs or restores the Premises pursuant to the provisions of this Article Seven, any Base Rent and recurring Additional Rent rent payable during the period of such damage, repair and/or restoration shall be equitably reduced according to the degree, if any, to which Tenant’s use of the Premises is impaired. However, the reduction shall not exceed the sum of one year’s payment of Base Rent, insurance premiums, premiums and Real Property Taxes. Except for such possible reduction in Base Rent, insurance premiums, 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 or to the Premises.