Common use of Abatement of Rent Clause in Contracts

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 13 contracts

Samples: Lease Agreement (Taysha Gene Therapies, Inc.), Lease Agreement (Luvu Brands, Inc.), Assignment and Assumption of Lease (Sequenom Inc)

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Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 13 contracts

Samples: Lease Agreement (Rocket Companies, Inc.), Lease Agreement (Cleanspark, Inc.), Office Lease Agreement (Arcutis Biotherapeutics, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 8 contracts

Samples: Industrial Lease Agreement (Solid Power, Inc.), Lease Agreement, Industrial Lease Agreement (Heritage Global Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatementin excess of the amount of any proceeds actually received by Landlord in connection with any policy of rent loss insurance maintained by Landlord.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Polarityte, Inc.), Purchase and Sale Agreement (Polarityte, Inc.), Lease Agreement (Polarityte, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless the gross negligence or willful misconduct of a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 2 contracts

Samples: Lease Agreement (Aeglea BioTherapeutics, Inc.), Lease Agreement (Alco Stores Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs and delivery to Tenant (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 2 contracts

Samples: Office Lease Agreement (Dermavant Sciences LTD), Office Lease Agreement (Dermavant Sciences LTD)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless the gross negligence or willful misconduct of a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 2 contracts

Samples: Lease Agreement (Immatics N.V.), Lease Agreement (Shattuck Labs, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of such damage until the the: (i) completion of Landlord's repairs ’s repairs; or (or until the ii) date of termination of this Lease by Landlord or Tenant as provided above, as . Notwithstanding the case may be), unless a Tenant Party caused such damage, in which caseforegoing, Tenant shall continue to pay Rent without abatementabatement if a Tenant Party was the direct cause of the Casualty causing such damage.

Appears in 2 contracts

Samples: Lease Agreement (EverBank Financial Corp), Lease Agreement (EverBank Financial Corp)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be). Notwithstanding the foregoing, unless if a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatementabatement except to the extent of rental loss insurance proceeds received by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Ariba Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage that Tenant is prevented from conducting its business in a manner comparable to that conducted immediately before such Casualty shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Respecting Lease (Sonus Networks Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until such portion of the completion of Landlord's repairs Premises is tenantable (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless the willful misconduct of a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (Akoustis Technologies, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Basic Rent and Additional Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Basic Rent and Additional Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (Red Mountain Resources, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable per square foot basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Office Lease Agreement (Diversa Corp)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatementabatement except to the extent that Landlord receives rental interruption insurance proceeds specifically applicable thereto.

Appears in 1 contract

Samples: Lease Agreement (Intermolecular Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.this

Appears in 1 contract

Samples: Lease Agreement (Panoramic Care Systems Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless such damage was caused by the gross negligence or willful misconduct of a Tenant Party caused such damageParty, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (Solyndra, Inc.)

Abatement of Rent. If the Premises or the Building are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (Airvana Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (Senti Biosciences, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, except that Tenant shall continue to pay Rent without abatementabatement if such damage results from the gross negligence or willful misconduct of Tenant or a Tenant Party.

Appears in 1 contract

Samples: Lease Agreement (Advanced Medical Optics Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's repairs the repair (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (Beyond Com Corp)

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Abatement of Rent. If the Premises are damaged by Casualty, . Rent for the portion of the Premises Premise rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, except to the extent of rental loss proceeds paid to Landlord, the rental abatement shall be proportionately reduced based upon the percentage of causation attributable to the Tenant shall continue to pay Rent without abatementParty.

Appears in 1 contract

Samples: Lease Agreement (Orthofix Medical Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided abovein this Section 14, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Office Lease Agreement (Cross Country Healthcare Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent ----------------- for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (Verisity LTD)

Abatement of Rent. If the Premises are damaged by Casualty, Rent rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent rent without abatement.

Appears in 1 contract

Samples: Office Lease (Reel Estate Services Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party negligently caused such damage, in which case, Tenant shall continue to pay pay, without abatement, any Rent that is not covered by any rent loss insurance that Landlord may carry, without abatement.

Appears in 1 contract

Samples: Lease Agreement (Online Resources Corp)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatementabatement to the extent Landlord does not have rent loss insurance coverage.

Appears in 1 contract

Samples: Lease Agreement (Earthlink Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable per square foot basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Office Lease Agreement (Sage Therapeutics, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party or any agent, employee, contractor or invitee of Tenant caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Industrial Lease Agreement (Pc Universe Inc)

Abatement of Rent. If the Premises are Project is damaged by Casualty, Rent for the portion of the Premises rendered untenantable or inaccessible by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless the gross negligence or willful misconduct of a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Office Lease Agreement (Guidewire Software, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be). Notwithstanding the foregoing, unless in the event a Tenant Party caused such damage, in which case, Tenant an abatement shall continue occur only to pay Rent without abatementthe extent Landlord is entitled to receive rental interruption insurance proceeds covering such abated amounts.

Appears in 1 contract

Samples: Office Lease Agreement (Radiant Systems Inc)

Abatement of Rent. If the Premises are damaged by Casualty, Rent ----------------- for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless such damage was caused solely by a Tenant Party caused such damageParty, in which case, Tenant shall continue to pay Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (Tenfold Corp /Ut)

Abatement of Rent. If the Premises are damaged by Casualty, Basic Rent and Additional Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Basic Rent and Additional Rent without abatement.

Appears in 1 contract

Samples: Lease Agreement (RetailMeNot, Inc.)

Abatement of Rent. If the Premises are damaged by Casualty, Rent for the portion of the Premises rendered untenantable by the damage shall be abated on a reasonable basis from the date of damage until the completion of Landlord's ’s repairs (or until the date of termination of this Lease by Landlord or Tenant as provided above, as the case may be), unless a Tenant Party caused such damage, in which case, Tenant shall continue to pay Rent without abatementabatement except to the extent of insurance proceeds received by Landlord for such abated rent.

Appears in 1 contract

Samples: Lease Agreement (Riverbed Technology, Inc.)

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