Abatement of Rent. Any damage or destruction due to casualty notwithstanding, this Lease shall remain in full force and effect and Lessee’s obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three (3) months of any period required for the applicable repair and restoration. Thereafter, Base Rent shall be equitably abated.
Appears in 24 contracts
Samples: Hotel Lease Agreement, Hotel Lease Agreement (Apple REIT Ten, Inc.), Hotel Lease Agreement (Apple REIT Ten, Inc.)
Abatement of Rent. Any damage or destruction due to casualty notwithstanding, this Lease shall remain in full force and effect and Lessee’s 's obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three (3) months of any period required for the applicable repair and restoration. Thereafter, Base Rent shall be equitably abated.
Appears in 7 contracts
Samples: Contract for Purchase and Sale of Hotels (Felcor Suite Hotels Inc), Master Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Suites Inc)
Abatement of Rent. Any damage or destruction due to casualty notwithstanding, this Lease shall remain in full force and effect and effect, but Lessee’s obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three (3) months of any period required for the applicable repair and restoration. Thereafter, Base Rent shall be equitably abatedabated from and after the date of such damage or destruction.
Appears in 6 contracts
Samples: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)
Abatement of Rent. Any damage or destruction due to casualty notwithstanding, this Lease shall remain in full force and effect and Lessee’s 's obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three (3) six months of any period required for the applicable repair and restoration. Thereafter, Base Rent shall be equitably abated.
Appears in 3 contracts
Samples: Lease (Winston Hotels Inc), Lease (Winston Hotels Inc), Master Lease Agreement (RFS Hotel Investors Inc)
Abatement of Rent. Any damage or destruction due to casualty ------------------ notwithstanding, this Lease shall remain in full force and effect and Lessee’s 's obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three (3) months of any period required for the applicable repair and restoration. Thereafter, Base Rent shall be equitably abated.
Appears in 2 contracts
Samples: Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc)
Abatement of Rent. Any damage or destruction due to casualty ----------------- notwithstanding, this Lease shall remain in full force and effect and Lessee’s 's obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three (3) months of any period required for the applicable repair and restoration. Thereafter, Base Rent shall be equitably abated.
Appears in 2 contracts
Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Hotel Lease Agreement (Apple Suites Inc)
Abatement of Rent. Any damage or destruction due to casualty ----------------- notwithstanding, this Lease shall remain in full force and effect and Lessee’s Tenant's obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three twelve (312) months of any period required for the applicable repair and restoration. Thereafter, Base Rent shall be equitably abated.
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Abatement of Rent. Any damage or destruction due to casualty notwithstanding, this Lease shall remain in full force and effect and Lessee’s 's obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three (3) six months of any period required for the applicable repair and restoration. Thereafter, Thereafter Base Rent shall be equitably abated.
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Abatement of Rent. Any damage or destruction due to casualty notwithstanding, this Lease shall remain in full force and effect and Lessee’s obligation to make rental payments and to pay all other charges required by this Lease shall remain unabated during the first three six (36) months of any period required for the applicable repair and restoration. Thereafter, Base Rent shall be equitably abated.
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