Common use of Adjustment of Rent Clause in Contracts

Adjustment of Rent. If a portion of the Premises is taken and Landlord does not elect to terminate this Lease pursuant to the preceding paragraph, then Rent shall be equitably adjusted as of the date title vests in the authority and this Lease shall otherwise continue in full force and effect.

Appears in 5 contracts

Samples: Office Lease (Sucampo Pharmaceuticals, Inc.), Office Lease (Global Secure Corp.), Office Lease (Genvec Inc)

AutoNDA by SimpleDocs

Adjustment of Rent. If a portion of the Premises is taken and Landlord does not elect to terminate this Lease pursuant to the preceding paragraphSection 18.A. hereof, then Base Rent and Additional Rent payable pursuant to Section 5 hereof shall be equitably adjusted as of the date title vests in the authority and this Lease shall otherwise continue in full force and effect.

Appears in 5 contracts

Samples: Office Lease (Cellular Biomedicine Group, Inc.), Office Lease (Cellular Biomedicine Group, Inc.), Deed of Lease (Novavax Inc)

Adjustment of Rent. If a portion of the Premises is taken and Landlord does not elect to terminate this Lease pursuant to the preceding paragraphSection 16.1, then Base Rent and Additional Rent shall be equitably adjusted as of the date title vests in the authority and this Lease shall otherwise continue in full force and effect.

Appears in 2 contracts

Samples: Lease Agreement (Gsi Technology Inc), Lease Agreement (Gsi Technology Inc)

Adjustment of Rent. If a portion of the Premises is taken and Landlord does not elect to terminate this Lease pursuant to the preceding paragraphsection, then Rent shall be equitably adjusted as of the date title vests in the authority and this Lease shall otherwise continue in full force and effect.

Appears in 1 contract

Samples: Agreement of Lease (Yellow Brix Inc)

AutoNDA by SimpleDocs

Adjustment of Rent. If a portion of the Premises is taken and Landlord does not elect to terminate this Lease pursuant to the preceding paragraph, then Rent shall be equitably adjusted as of the date title vests in the authority and this Lease shall otherwise continue in full force and effecteffect and Landlord shall restore such areas and entryways at the Premises as are affected by the taking at its sole cost.

Appears in 1 contract

Samples: Eplus Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!