ABATEMENT OF RENT; LESSEE'S REMEDIES. (1) If the premises are partially destroyed or damaged and Lessor or Lessee repairs them pursuant to this Lease, the rent payable hereunder for the period during which such damage and repair continues shall be abated in proportion to the extent to which Lessee's use of the Premises is impaired. Except for abatement of rent, if any, Lessee shall have no claim against Lessor for any damage suffered by reason of any such damage, destruction, repair or restoration, except for gross negligence on the part of Lessor. (2) If Lessor shall be obligated to repair or restore the Premises under this Section 14 and shall not commence such repair or restoration within ninety (90) days after such obligation shall accrue, Lessee at Lessee's option may cancel and terminate this Lease by written notice to Lessor at any time prior to the commencement of such repair or restoration. In such event this Lease shall terminate as of the date of such notice.
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Samples: Lease Agreement (Organic Inc), Lease (Organic Inc), Lease Agreement (Organic Inc)
ABATEMENT OF RENT; LESSEE'S REMEDIES. (1a) If In the premises are partially destroyed event of damage described in paragraphs 10.2 or damaged 10.3 and Lessor or Lessee repairs them or restores the Premises pursuant to the provisions of this Leaseparagraph 10, the rent payable hereunder for the period during which such damage and damage, repair or restoration continues shall be abated in proportion to the extent degree to which Lessee's use of the Premises is impaired. Except for abatement of rent, if any, rent Lessee shall have no claim against Lessor for any damage suffered by reason of any such damage, destruction, repair or restoration, except for gross negligence on the part of Lessor.
(2b) If Lessor shall be obligated to repair or restore the Premises under the provisions of this Section 14 paragraph 10 and shall not commence such meaningful repair or restoration within ninety (90) 30 days after such obligation obligations shall accrue, Lessee may at Lessee's option may cancel and terminate this Lease his lease by giving Lessor written notice of Lessee's election to Lessor do so at any time prior to the Lessor's meaningful commencement of such repair or restoration. In such event this Lease lease shall terminate as of the date of such noticenotice and Lessee shall have no further obligations or duties thereunder, including the payment of rent, as of the date of the occurrence of the damage.
Appears in 2 contracts
Samples: Industrial Lease (Strategic Diagnostics Inc/De/), Industrial Lease (Strategic Diagnostics Inc/De/)
ABATEMENT OF RENT; LESSEE'S REMEDIES. (1a) If In the premises are partially destroyed event of damage described in paragraphs 10.2 or damaged 10.3 and Lessor or Lessee repairs them or restores the Premises pursuant to the provisions of this Leaseparagraph 10, the rent payable hereunder for the period during which such damage and damage, repair or restoration continues shall be abated in proportion to the extent degree to which Lessee's use of the Premises is impaired. Except for abatement of rent, if any, rent Lessee shall have no claim against Lessor for any damage suffered by reason of any such damage, destruction, repair or restoration, except for gross negligence on the part of Lessor.
(2b) If Lessor shall be obligated to repair or restore the Premises under the provisions of this Section 14 paragraph 10 and shall not commence such meaningful repair or restoration within ninety (90) 30 days after such obligation obligations shall accrue, Lessee may at Lessee's option may cancel and terminate this his Lease by giving Lessor written notice of Lessee's election to Lessor do so at any time prior to the Lessor's meaningful commencement of such repair or restoration. In such event this Lease shall terminate as of the date of such noticenotice and Lessee shall have no further obligations or duties thereunder, including the payment of rent, as of the date of the occurrence of the damage.
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ABATEMENT OF RENT; LESSEE'S REMEDIES. (1a) If the premises Premises are partially destroyed or damaged and Lessor or Lessee repairs or restores them pursuant to the provisions of this LeaseParagraph 9, the rent payable hereunder for the period during which such damage and damage, repair or restoration continues shall be abated in proportion to the extent degree to which Lessee's use of the Premises is impaired. Except for abatement of rent, if any, Lessee shall have no claim against Lessor for any damage suffered by reason of any such damage, destruction, repair or restoration, except for gross negligence on the part of Lessor.
(2b) If Lessor shall be obligated to repair or restore the Premises under the provisions of this Section 14 Paragraph 9 and shall not commence such repair or restoration within ninety (90) 90 days after such obligation obligations shall accrue, Lessee may at Lessee's option may cancel and terminate this Lease by giving Lessor written notice of Lessee's election to Lessor do so at any time prior to the commencement of such repair or restoration. In , in such event this Lease shall terminate as of the date of such notice.
Appears in 1 contract
Samples: Standard Industrial Lease (First Aviation Services Inc)
ABATEMENT OF RENT; LESSEE'S REMEDIES. (1) If the premises are partially destroyed or damaged and Lessor or Lessee repairs them pursuant to this Lease, the rent payable hereunder for the period during which such damage and repair continues shall be abated in proportion to the extent to which Lessee's use of the Premises is impaired. Except for abatement of rent, if any, Lessee shall have no claim against Lessor for any damage suffered by reason of any such damage, destruction, repair or restoration, except for gross negligence on the part of Lessor.
(2) If Lessor shall be obligated to repair or restore the Premises under this Section 14 and shall not commence such repair or restoration within ninety (90) days after such obligation shall accrue, Lessee at Lessee's option may cancel and terminate this Lease by written notice to Lessor at any time prior to the commencement of such repair or restoration. In such event this Lease shall terminate as of the date of such notice.
Appears in 1 contract
Samples: Lease (More Com Inc)
ABATEMENT OF RENT; LESSEE'S REMEDIES. (1a) If the premises Premises are partially destroyed or damaged and Lessor or Lessee repairs or restores them pursuant to the provisions of this LeaseParagraph 9, the rent payable hereunder for the period during which such damage and damage, repair or restoration continues shall be abated in proportion to the extent degree to which Lessee's use of the Premises is impaired. Except for abatement of rent, if any, Lessee shall have no claim against Lessor for any damage suffered by reason of any such damage, destruction, repair or restoration, except for gross negligence on the part of Lessor.
(2b) If Lessor shall be obligated to repair or restore the Premises under the provisions of this Section 14 Paragraph 9 and shall not commence such repair or restoration within ninety (90) 90 days after such obligation obligations shall accrue, Lessee may at Lessee's option may cancel and terminate this Lease by giving Lessor written notice of Lessee's election to Lessor do so at any time prior to the commencement of such repair or restoration. In restoration in such event this Lease shall terminate as of the date of such notice.
Appears in 1 contract
Samples: Standard Industrial Lease (Rosetta Inpharmatics Inc)
ABATEMENT OF RENT; LESSEE'S REMEDIES. (1a) If In the premises are partially destroyed event of damage described in paragraphs 10.2 or damaged 10.3 and Lessor or Lessee repairs them or restores the Premises pursuant to the provisions of this Leaseparagraph 10, the rent payable hereunder for the period during which such damage and damage, repair or restoration continues shall be abated in proportion to the extent degree to which Lessee's ’s use of the Premises is impaired. Except for abatement of rent, if any, rent Lessee shall have no claim against Lessor for any damage suffered by reason of any such damage, destruction, repair or restoration, except for gross negligence on the part of Lessor.
(2b) If Lessor shall be obligated to repair or restore the Premises under the provisions of this Section 14 paragraph 10 and shall not commence such meaningful repair or restoration within ninety (90) 30 days after such obligation obligations shall accrue, Lessee may at Lessee's ’s option may cancel and terminate this Lease his lease by giving Lessor written notice of Lessee’s election to Lessor do so at any time prior to the Lessor’s meaningful commencement of such repair or restoration. In such event this Lease lease shall terminate as of the date of such noticenotice and Lessee shall have no further obligations or duties thereunder, including the payment of rent, as of the date of the occurrence of the damage.
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