Common use of Limitations on Rent Clause in Contracts

Limitations on Rent. If at any time during the Term, the Rent is not fully collectible by reason of any Requirements, Tenant shall take such other steps as Landlord may reasonably request, and as may be legally permissible, to permit Landlord to collect the maximum rents which may during the continuance of such restriction be legally permissible (but not in excess of the Rent reserved under this Lease). Upon the termination of such restriction during the Term, Tenant shall pay to Landlord, in addition to the Rent for the period following such termination, if legally permissible, the portion of Rent which would have been paid pursuant to this Lease but for such legal restriction, less the Rent paid by Tenant to Landlord while such restriction was in effect, together with interest thereon at the Base Rate.

Appears in 1 contract

Samples: Lease Agreement (Pzena Investment Management, Inc.)

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Limitations on Rent. If at any time during the Term, Term by reason of any Requirement the Rent is not fully collectible by reason of any Requirementscollectible, Tenant shall take such other steps (without additional expense to Tenant) as Landlord may reasonably request, and as may be legally permissible, to permit Landlord to collect the maximum rents which may during the continuance of such restriction be legally permissible (but not in excess of the Rent reserved under this Lease). Upon the termination of such restriction during the Term, Tenant shall pay to Landlord, in addition to the Rent for the period following such terminationtermination of the restriction, if legally permissible, the portion of Rent which would have been paid pursuant to this Lease but for such legal restriction, restriction less the Rent paid by Tenant to Landlord while such restriction was \vas in effect, together with interest thereon at the Base Rate.

Appears in 1 contract

Samples: Lease (Greenhill & Co Inc)

Limitations on Rent. If at any time during the TermTerm by reason of any Requirement, the Rent is not fully collectible by reason of any Requirementscollectible, Tenant shall take such other steps (without additional expense to Tenant) as Landlord may reasonably request, and as may be legally permissible, to permit Landlord to collect the maximum rents which may during the continuance of such restriction be legally permissible (but not in excess of the Rent reserved under this Lease). Upon the termination of such restriction during the Term, Tenant shall pay to Landlord, in addition to the Rent for the period following such terminationtermination of the restriction, if legally permissible, the portion of Rent which would have been paid pursuant to this Lease but for such legal restriction, restriction less the Rent paid by Tenant to Landlord while such restriction was in effect, together with interest thereon at the Base Rate.

Appears in 1 contract

Samples: Lease (Kasper a S L LTD)

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Limitations on Rent. If at any time during the Term, the Rent is not fully collectible by reason of any RequirementsRequirement, Tenant shall take such other steps as Landlord may reasonably request, and as may be legally permissible, to permit Landlord to collect the maximum rents which may during the continuance of such restriction be legally permissible (but not in excess of the Rent reserved under this Lease). Upon the termination of such restriction during the Term, Tenant shall pay to Landlord, in addition to the Rent for the period following such termination, if legally permissible, the portion of Rent which would have been paid pursuant to this Lease but for such legal restriction, less the Rent paid by Tenant to Landlord while such restriction was in effect, together with interest thereon at the Base Rate.

Appears in 1 contract

Samples: Lease (Sports Club Co Inc)

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