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: Lease Agreement (Sucampo Pharmaceuticals, Inc.), Lease Agreement (Global Secure Corp.), Lease Agreement (Hagler Bailly Inc)

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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 neither Landlord does not elect nor Tenant elects 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 1 contract

Samples: Lease Agreement (Learning Tree International 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: Lease Agreement (Yellow Brix Inc)

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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: Deed of Lease (Eplus Inc)

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