Common use of Abatement of Monthly Rent Clause in Contracts

Abatement of Monthly Rent. During any period when Landlord or Landlord's Architect reasonably determines that there is substantial interference with Tenant's use of the Premises by reason of a Casualty, Monthly Rent shall be temporarily abated in proportion to the degree of such substantial interference, but only to the extent of any business interruption or loss of income insurance proceeds received by Landlord from Tenant's insurance described in Section 11.

Appears in 3 contracts

Samples: Lease Agreement (Omnicell Com /Ca/), Master Lease Agreement (Adforce Inc), Master Lease Agreement (Adforce Inc)

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Abatement of Monthly Rent. During any period when Landlord or Landlord's Architect Space Planner reasonably determines that there is substantial interference with Tenant's use of the Premises by reason of a Casualty, Monthly Rent shall be temporarily abated in proportion to the degree of such substantial interference, but only to the extent of any business interruption or loss of income insurance proceeds received by Landlord from Tenant's insurance described in Section 11.

Appears in 1 contract

Samples: Office Lease (Noosh Inc)

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Abatement of Monthly Rent. During any period when Landlord or Landlord's Architect a mutually agreed upon third party architect reasonably determines that there is substantial interference with Tenant's use of the Premises by reason of a Casualty, Monthly Rent shall be temporarily abated in proportion to the degree of such substantial interference, but only to the extent of any business interruption or loss of income insurance proceeds received by Landlord from Tenant's insurance described in Section 11.

Appears in 1 contract

Samples: Lease Agreement (Agouron Pharmaceuticals Inc)

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