Common use of No Reduction in Rent Clause in Contracts

No Reduction in Rent. In no event shall any decrease in Operating Expenses or Taxes in any Comparison Year below the Base Operating Expenses or Base Taxes, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

Appears in 8 contracts

Samples: Lease Agreement (Larimar Therapeutics, Inc.), Lease Agreement (ChromaDex Corp.), Lease Agreement (Durata Therapeutics, Inc.)

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No Reduction in Rent. In no event shall any decrease in Operating Expenses or Taxes in any Comparison Year below the Base Operating Expenses or Base Taxes, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

Appears in 4 contracts

Samples: Sublease Agreement (Sunrun Inc.), Lease Agreement (Marchex Inc), Lease Agreement (E2open Inc)

No Reduction in Rent. In no event shall any decrease in Operating Expenses Expense Factor or Taxes Tax Factor in any Comparison Year below the Base Operating Expenses Expense Factor or Base TaxesTax Factor, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

Appears in 3 contracts

Samples: Lease Agreement (Xstelos Holdings, Inc.), Lease Agreement (Omrix Biopharmaceuticals, Inc.), Lease (Franklin Resources Inc)

No Reduction in Rent. In no event shall any decrease in Operating Expenses Expenses, or Taxes in any Comparison Year below the Base Operating Expenses Expenses, or Base Taxes, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

Appears in 2 contracts

Samples: Lease Agreement (Pegasystems Inc), Lease Agreement (Pegasystems Inc)

No Reduction in Rent. In no event shall any decrease in Operating Expenses or Taxes Tax Expenses in any Comparison Year below the Base Operating Expenses or Base TaxesTax Expenses, as the case may be, result in a reduction in the Fixed Base Rent or any other component of Additional Rent payable hereunderRent.

Appears in 1 contract

Samples: Office Lease (Doma Holdings, Inc.)

No Reduction in Rent. In no event shall any decrease in Operating Expenses or Taxes in any Comparison Year below the Base Operating Expenses or Base Taxes, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder, or result in a reduction of the Base Operating Expenses or Base Taxes.

Appears in 1 contract

Samples: Lease Agreement (Mindspeed Technologies, Inc)

No Reduction in Rent. In no event shall any decrease in Operating Expenses Expenses, Insurance Expenses, or Taxes in any Comparison Year below the Base Operating Expenses Expenses, Base Insurance Expenses, or Base Taxes, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

Appears in 1 contract

Samples: Lease Agreement (Centessa Pharmaceuticals PLC)

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No Reduction in Rent. In no event shall any decrease in Operating Expenses or Taxes in any Comparison Year below the Base Operating Expenses or Base Taxes, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.. ARTICLE

Appears in 1 contract

Samples: Office Lease (1stdibs.com, Inc.)

No Reduction in Rent. In no event shall any decrease in Operating Expenses or Taxes in any Comparison Year below the Base Operating Expenses or Base Taxes, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

Appears in 1 contract

Samples: Lease Agreement (Affirmative Insurance Holdings Inc)

No Reduction in Rent. In in no event shall any decrease in Operating Expenses or Taxes in any Comparison Year below the Base Operating Expenses or Base Taxes, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

Appears in 1 contract

Samples: Sublease (K12 Inc)

No Reduction in Rent. In no event shall any decrease in Taxes or Operating Expenses or Taxes in any Comparison Year below the Base Operating Expenses Taxes or Base TaxesOperating Expenses, as the case may berespectfully, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

Appears in 1 contract

Samples: Lease Agreement (2U, Inc.)

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