Common use of Reduction of Rent During Repairs Clause in Contracts

Reduction of Rent During Repairs. In the event Lessee continues to conduct its business during the making of repairs, the monthly rental will equitably reduced in the proportion that the unusable part of the demised premises bears to the whole thereof. No rental shall be payable while the demised premises are wholly unoccupied pending the repair of casualty damage.

Appears in 4 contracts

Samples: Lease Agreement (Moore Solutions Inc), Lease Agreement (Moore Solutions Inc), Lease Agreement (Moore Solutions Inc)

AutoNDA by SimpleDocs

Reduction of Rent During Repairs. In the event Lessee continues is able to continue to conduct its business during the making of repairs, the monthly rental rent then prevailing will be equitably reduced in the proportion that the unusable part of the demised premises Premises bears to the whole thereofthereof for the period that repairs are being made. No rental rent shall be payable while the demised premises Premises are wholly unoccupied pending the repair of unusable due to casualty damage.

Appears in 2 contracts

Samples: Building E Lease (Xoma Corp /De/), Right of First Refusal Agreement (Xoma Corp /De/)

Reduction of Rent During Repairs. In the event If Lessee continues is able to continue to conduct its business during the making of repairs, the monthly rental rent then prevailing will be equitably reduced in the proportion that the unusable part of the demised premises Premises bears to the whole thereofthereof for the period that repairs are being made. No rental rent shall be payable while the demised premises Premises are wholly unoccupied pending the repair of unusable due to casualty damage.

Appears in 2 contracts

Samples: Light Industrial Lease (Quintus Corp), Light Industrial Lease (Novellus Systems Inc)

Reduction of Rent During Repairs. In the event Lessee continues to conduct its business during the making of repairs, the base monthly rental will be equitably reduced in the proportion that the unusable part of the demised premises Premises bears to the whole thereof. No rental shall be payable while of the demised premises are wholly unoccupied pending the repair of casualty damagePremises.

Appears in 1 contract

Samples: Lease Agreement (State Financial Services Corp)

Reduction of Rent During Repairs. In the event Lessee continues to conduct its business during the making of repairs, the fixed minimum monthly rental will be equitably reduced in the proportion that the unusable part of the demised premises bears to the whole thereofthereof but no change shall be made in the method of computing the additional rental and additional charges due from Lessee under the terms of this lease. No rental rent shall be payable while the demised premises are wholly unoccupied thirty percent (30%) or more untenantable pending the repair of casualty damage.

Appears in 1 contract

Samples: Lease (International Telecommunication Data Systems Inc)

AutoNDA by SimpleDocs

Reduction of Rent During Repairs. In the event Lessee continues to conduct its business during the making of repairs, the fixed minimum monthly rental will be equitably reduced in the proportion that the unusable part of the demised premises bears to the whole thereofthereof but no change shall be made in the method of computing the additional rental and additional charges due from Lessee under the terms of this lease. No rental shall be payable while the demised premises are wholly unoccupied pending the repair of casualty damage.

Appears in 1 contract

Samples: Lease Agreement (International Telecommunication Data Systems Inc)

Reduction of Rent During Repairs. In the event Lessee continues to conduct its business during the making of repairs, the fixed minimum monthly rental will be equitably reduced in the proportion that the unusable part of the demised premises bears to the whole thereofthereof but no change shall be made in the method of computing the additional rental and additional charges due from Lessee under the terms of this Lease. No rental rent shall be payable while the demised premises are wholly unoccupied thirty percent (30%) or more untenantable pending the repair of casualty damage.

Appears in 1 contract

Samples: Lease (International Telecommunication Data Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!