Common use of Reduction of Rent During Repairs Clause in Contracts

Reduction of Rent During Repairs. In the event Lessee is -------------- -------------------------------- able to continue to conduct its business during the making of repairs, the base rent then prevailing under Section 4.01 will be equitably reduced in the proportion that the square footage of the unusable part of the Premises bears to the square footage of the whole thereof for the period that repairs are being made. No base rent shall be payable while the Premises are wholly unusable due to casualty damage.

Appears in 2 contracts

Samples: Industrial Lease (Valicert Inc), Industrial Lease (Valicert Inc)

AutoNDA by SimpleDocs

Reduction of Rent During Repairs. In the event Lessee is -------------- -------------------------------- able to continue to conduct its business during the making of repairs, the base rent then prevailing under Section 4.01 will be equitably reduced in the proportion that the square footage of the unusable part of the Premises bears to the square footage of the whole thereof for the period that repairs are being made. No base rent shall be payable while the Premises are wholly unusable due to casualty damage.

Appears in 1 contract

Samples: Industrial Lease (NeoStem, Inc.)

Reduction of Rent During Repairs. In the event Lessee is -------------- -------------------------------- able to continue to conduct its business during from and after the making occurrence of the damage until completion of repairs, the base rent then prevailing under Section 4.01 will be equitably reduced in the proportion that the square footage of the unusable part of the Premises bears to the square footage of the whole thereof for the such period that repairs are being madeof time. No base rent shall be payable while the Premises are wholly unusable due to casualty damage.

Appears in 1 contract

Samples: Industrial Lease (ViewRay, Inc.)

AutoNDA by SimpleDocs

Reduction of Rent During Repairs. In the event Lessee is -------------- ------------ -------------------------------- able to continue to conduct its business during the making of repairs, the base rent then prevailing under Section 4.01 will be equitably reduced in the proportion that the square footage of the unusable part of the Premises bears to the square footage of the whole thereof for the period that repairs are being made. No base rent shall be payable while the Premises are wholly unusable due to casualty damage.

Appears in 1 contract

Samples: Industrial Lease (Dendreon Corp)

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