Common use of Partial Taking; Abatement of Rent Clause in Contracts

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking.

Appears in 2 contracts

Samples: Office Building Lease (Maxwell Technologies Inc), Office Building Lease (High Speed Access Corp)

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Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with the conduct of Tenant's use and occupancy of the Premisesbusiness, then, except as otherwise provided in the immediately following sentence, neither party will shall have the right to terminate this Lease and Landlord will shall thereafter proceed to make a functional unit of the remaining portion of the Premises Premises, and rent will shall be abated with respect to the part of the Premises which Tenant is shall be so deprived of on account of such taking.

Appears in 1 contract

Samples: Lease (Doubleclick Inc)

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Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially materially or adversely interfere with Tenant's ’s use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises Premises, and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking.

Appears in 1 contract

Samples: Office Building Lease (Quest Software Inc)

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