Common use of Abatement of Rent; Tenant’s Remedies Clause in Contracts

Abatement of Rent; Tenant’s Remedies. (a) In the event of damage described in Paragraphs 11.2 or 11.3, and Landlord or Tenant repairs or restores the Premises pursuant to the provisions of this Paragraph 11, the rent payable hereunder, for the period during which such damage, repair or restoration continues, shall be abated in proportion to the degree to which Tenant's use of the Premises is prevented. Except for abatement of rent, if any, Tenant shall have no claim against Landlord for any loss or damage including, without limitation, loss of business suffered by reason of any such damage, destruction, repair or restoration.

Appears in 2 contracts

Samples: Imarx Therapeutics Inc, Imarx Therapeutics Inc

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Abatement of Rent; Tenant’s Remedies. (a) In the event of damage described in Paragraphs 11.2 Paragraphs11.2 or 11.3, and Landlord or Tenant repairs or restores the Premises pursuant to the provisions of this Paragraph 11, the rent payable hereunder, for the period during which such damage, repair or restoration continues, shall be abated in proportion to the degree to which Tenant's use of the Premises is prevented. Except for abatement of rent, if any, Tenant shall have no claim against Landlord for any loss or damage including, without limitation, loss of business suffered by reason of any such damage, destruction, repair or restoration.

Appears in 2 contracts

Samples: Imarx Therapeutics Inc, Imarx Therapeutics Inc

Abatement of Rent; Tenant’s Remedies. (a) In the event of damage described in Paragraphs paragraphs 11.2 or 11.3, and Landlord or Tenant repairs or restores the Premises pursuant to the provisions of this Paragraph paragraph 11, the rent Rent payable hereunder, hereunder for the period during which such damage, repair or restoration continues, continues shall be equitably abated on the damaged building in proportion to the degree to which Tenant's use of the Premises building is prevented. Except for abatement of rentRent, if any, Tenant shall have no claim against Landlord for any loss or damage including, without limitation, loss of business suffered by reason of any such damage, destruction, repair or restoration.

Appears in 1 contract

Samples: Lease (National Information Group)

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Abatement of Rent; Tenant’s Remedies. (a) In the event of damage described Unless this Lease terminates in Paragraphs 11.2 or 11.3, and Landlord or Tenant repairs or restores the Premises pursuant to the provisions of accordance with this Paragraph 119, the rent payable hereunder, hereunder for the period during which such damage, repair or restoration continues, continues shall be abated in proportion to the degree to which Tenant's use of the Premises is preventedimpaired to the extent Landlord receives proceeds from rent abatement insurance (or would have received those proceeds if it had maintained the insurance called for under Paragraph 8.3(b)). Except for abatement of rent, if any, Tenant shall have no claim against Landlord for any loss or damage including, without limitation, loss of business suffered by reason of any such damage, destruction, repair or restoration.

Appears in 1 contract

Samples: Lease (Esterline Technologies Corp)

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