Common use of Net Lease; No Rent Abatement or Reduction Clause in Contracts

Net Lease; No Rent Abatement or Reduction. The rental set forth in this Article IV is established on the assumption that this Lease is and shall constitute an absolutely “net, net, net” lease and that Landlord will not have to pay any expense or incur any liabilities of any kind in any way relating to, or in connection with, the Premises or the Improvements during or attributable to the Term, except as otherwise provided in this Lease. Accordingly, Tenant will promptly pay all costs of every kind and description relating to or arising out of the Premises or the Improvements or the use thereof during the Term, including, without limitation, all utility costs, repair or maintenance costs, improvement costs, annual or special assessments allocated to the Premises, and all school district fees/assessments, whether levied against Landlord or Tenant. Except as expressly provided to the contrary in this Lease, Tenant shall not be entitled to any abatement, set off or reduction in Annual Base Rent due under this Lease. It is the purpose and intention of the parties to this Lease that the Annual Base Rent due hereunder be absolutely net to the Landlord and that this Lease shall yield, net to Landlord, the Annual Base Rent provided in this Lease.