Common use of No Reduction in Rent Clause in Contracts

No Reduction in Rent. The Tenant shall procure that the rent payable under any permitted underlease is not commuted or made payable more than one quarter in advance, and shall not permit any reduction of that rent.

Appears in 3 contracts

Samples: Occupational Lease (Lazard LTD), Occupational Lease (Investment Technology Group Inc), Occupational Lease (Seagate Software Inc)

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No Reduction in Rent. The Tenant shall procure that the rent payable under any permitted underlease is not commuted or made payable more than one quarter in advance, and shall not permit any reduction of that rentrent without the Landlord's consent, such consent not to be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Underlease (Mimecast LTD)

No Reduction in Rent. The Tenant shall procure that the rent payable under any permitted underlease is not commuted or made payable more than one quarter in advance, and shall not permit any reduction of that rentrent without the Landlord’s consent, such consent not to be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Underlease (Mimecast LTD)

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No Reduction in Rent. The Tenant shall procure that the rent payable under any permitted underlease is not commuted or made payable more than one quarter in advance, advance (or affected by arrangements between the underlessee and the underlessor or any persons connected with them so that the effective return to the underlessor is reduced) and shall not permit any reduction of that rent.

Appears in 1 contract

Samples: Basement to Level 4 Lease (Goldman Sachs Group Inc)

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