REDUCTION IN RENT. Subject to this Licence the Licensee must not without the written consent of the Licensor by any act, matter or deed or by failure or omission impair, reduce or diminish directly or indirectly the Rent reserved or imposed by this Licence. However, if at any time during the Licence:
REDUCTION IN RENT. If the Premises, or any part of the Premises, are destroyed or damaged to the extent that the Tenant cannot use or have access to the Premises (except if the Tenant causes or contributes to the destruction or damage, or the Council's insurer is not legally required to reinstate the Premises because the Tenant caused or contributed to the destruction or damage) then the Council will reduce the Rent and any outgoings by a reasonable amount depending upon the nature and extent of destruction or damage until the Tenant can use or have access to the Premises.
REDUCTION IN RENT. 8.1 The Lessee will not be entitled to any reduction in rent for any impediment or nuisance in their enjoyment of the premises as a result of the Lessor having new construction, extensions or conversions built or maintaining or repairing the premises or the building otherwise.
REDUCTION IN RENT. If the tenant unit or any part is not suitable for use due to damage or destroy caused by fire disaster, severe weather, natural disaster, force majeure or other causes not directly or indirectly attributed to behavior or negligence of the Lessee, the rent shall be temporarily not paid proportionally as per damage nature or severity degree of the tenant unit till the tenant unit is repaired or recovered. If the Lessor regards that it’s not economical or suitable for practical operation, the Lessee is no obliged to repair the tenant unit or recover it to original state. If the tenant unit is completely or basically damaged or destroyed to the extent of not suitable for use, it’s not properly repaired or recovered to original state within six months after the damage, any party has the right to issue a written notice to the other party to terminate this agreement when the damage is properly repaired and the tenant unit is recovered to original state, without endangering one party’s rights and compensations relating to prior claims or violation of the Leasing Agreement to the other party, nor influencing the Lessor’s rights and compensation of relevant rent, management cost and other expenses payable under the Agreement.
REDUCTION IN RENT. Subject to this Lease the Lessee will not without the written consent of the Lessor by any act, matter or deed or by failure or omission impair, reduce or diminish directly or indirectly the Rent required to be paid under this Lease. However, if at any time during the Lease:
REDUCTION IN RENT. Subject to this Licence the Licensee must not without the written consent of the Licensor by any act, matter or deed or by failure or omission impair, reduce or diminish directly or indirectly the Rent reserved or imposed by this Licence. However, if at any time during the Licence: some natural disaster or other serious event occurs which is beyond the reasonable control of the Licensee; and as a result of the damage caused by the natural disaster or other serious event, the Licensee is not able to use the Premises in a reasonable manner, the Licensee’s obligations to pay Rent will xxxxx to the extent proportional to the effect on the Licensee’s ability to occupy and use the Premises until the Premises are restored to a condition in which the Licensee is able to conduct the Licensee’s activities and/or occupy the Premises in a reasonable manner.
REDUCTION IN RENT. Amounts received by Landlord upon such a taking shall reduce the Basic Rent in proportion to the area taken. Such reduction shall take effect as of the date upon which condemnation proceeds are paid to Landlord.
REDUCTION IN RENT. As of May 1, 2003, the parties agree that the base rent payable under the lease for the balance of the term shall be amended to read in its entirety as follows: “Tenant agrees to pay Landlord as rent for and during the balance of the term of the Lease as follows: July 1, 2003 through December 31, 2003 at the rate of $36,335.85 per month. Thereafter, the rent shall be increased yearly pursuant to the percentage increase in the Consumer Price Index utilizing 2002 as the base year and adding the percentage increase to the prior year’s rent provided, however, there shall be a ceiling of 2.50% increase each year and the rent for 2002 shall be deemed to be $436,030.20.”
REDUCTION IN RENT. If (A) the leaseable area of the Improvements is permanently reduced as a result of a Taking and (B) as a result of such reduction the total square footage permitted on the Property is less than the square footage of the Improvements existing immediately prior to such Taking, then the Rent shall be appropriately adjusted to reflect the revised number of square feet of leaseable area allowed to be constructed. For example, the Improvements existing immediately prior to the Taking contained 100,000 square feet, and such number was reduced by 10,000 square feet as a result of the Taking, Rent would be reduced by ten percent (10%). Any reduction in Rent hereunder shall be effective as of the date of the Taking.
REDUCTION IN RENT. If any portion of the Premises is taken by condemnation, and this Lease remains thereafter in full force and effect, then, on the date of taking, the Basic and Additional Rental and any other sum payable by Tenant hereunder shall, if not reduced pursuant to other provisions of this Lease, be reduced by that amount which is determined by multiplying the Basic and Additional Rental or such other sum (as applicable) by a fraction, the numerator of which shall be the total number of Rentable Square Feet in the Buildings so taken, and the denominator of which shall be the total number of Rentable Square Feet in the Buildings immediately before the date of taking.
