Common use of No Abatement of Rentals Clause in Contracts

No Abatement of Rentals. The Base Rent, Additional Rent and other charges due under this Lease shall not be reduced or abated by reason of any damage or destruction to the Premises (but will be subject to credit as provided in Section 8.01(a) and (b) above with respect to rental loss insurance proceeds received or which would have been paid but for Lessor's failure to carry same in contravention of its duty to do so under Section 7.06 above by Lessor), and Lessor shall be entitled to all proceeds of the insurance maintained pursuant to Section 7.01 above during the period of rebuilding pursuant to Section 8.01 above, or if the Lease is terminated pursuant to Section 8.01 above. Lessee shall have no claim against Lessor, including, without limitation, for compensation for inconvenience or loss of business, profits or goodwill during any period of repair or reconstruction.

Appears in 2 contracts

Samples: Work Letter Agreement (Threshold Pharmaceuticals Inc), Work Letter Agreement (Arqule Inc)

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No Abatement of Rentals. The Base Rent, Additional Rent and other charges due under this Lease shall not be reduced or abated by reason of any damage or destruction to the Premises (but will be subject to credit as provided in Section 8.01(a) and (b) above with respect to rental loss insurance proceeds received or which would have been paid but for Lessor's failure to carry same in contravention of its duty to do so under Section 7.06 above by Lessorreceived), and Lessor shall be entitled to all proceeds of the insurance maintained pursuant to Section 7.01 above during the period of rebuilding pursuant to Section 8.01 above, or if the Lease is terminated pursuant to Section 8.01 above. Lessee shall have no claim against Lessor, including, without limitation, for compensation for inconvenience or loss of business, profits or goodwill during any period of repair or reconstruction.

Appears in 1 contract

Samples: And Interior Specification Standards (Threshold Pharmaceuticals Inc)

No Abatement of Rentals. The Base Rent, Additional Rent and other charges due under this Lease shall not be reduced or abated by reason of any damage or destruction to the Premises (but will be subject to credit as provided in Section 8.01(a) and (b) above with respect to rental loss insurance proceeds received or which would have been paid but for Lessor's failure to carry same received had Lessor maintained the rental loss insurance specified in contravention of its duty to do so under Section 7.06 above by LessorSubsection 7.01(iii) above), and Lessor shall be entitled to all proceeds of the insurance maintained pursuant to Section 7.01 above during the period of rebuilding pursuant to Section 8.01 above, or if the Lease is terminated pursuant to Section 8.01 above, to the extent the insured item in question is or would become the property of Lessor upon the expiration or earlier termination of this Lease. Lessee shall have no claim against Lessor, including, without limitation, for compensation for inconvenience or loss of business, profits or goodwill during any period of repair or reconstruction.

Appears in 1 contract

Samples: Letter Agreement (Blue Coat Systems Inc)

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No Abatement of Rentals. The Base Rent, Additional Rent and other charges due under this Lease Sublease shall not be reduced or abated by reason of any damage or destruction to the Subleased Premises (but will be subject to credit as provided in Section 8.01(a) and (b) above herein with respect to rental loss insurance proceeds received or which would have been paid but for Prime Lessor's failure to carry same in contravention of its duty to do so under Section 7.06 above by Lessorof the Prime Lease), and Lessor Sublessee shall be entitled to all proceeds of the insurance maintained pursuant to Section 7.01 7.1 above during the any period of rebuilding pursuant to Section 8.01 aboverebuilding, or if the Lease this Sublease is terminated pursuant to Section 8.01 above8.1 or 8.2 above (unless Sublessee is entitled to rent abatement under the Prime Lease). Lessee Sublessee shall not have no any claim against LessorSublessor, including, without limitation, any claim for compensation for inconvenience or loss of business, profits or goodwill during any period of repair or reconstruction.

Appears in 1 contract

Samples: Work Letter Agreement (Threshold Pharmaceuticals Inc)

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