Common use of Reduction or abatement of Rent Clause in Contracts

Reduction or abatement of Rent. 12.2.1 While the Premises are unfit or inaccessible, the Yearly Amounts are reduced unless: 12.2.1.1 the Premises are unfit or inaccessible; or 12.2.1.2 an insurer refuses to pay a claim; as a result of a deliberate or negligent act or omission of the Lessee. 12.2.2 The level of the reduction (if any) depends on the nature and extent of the damage. 12.2.3 If the level of the reduction (if any) cannot be agreed it must be determined by a Valuer.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Reduction or abatement of Rent. 12.2.1 While 14.2.1 The Yearly Amounts to be paid by the Lessee will during the period the Premises are unfit or inaccessible, the Yearly Amounts are inaccessible be reduced unless: 12.2.1.1 14.2.1.1 the Premises are unfit or inaccessible; or 12.2.1.2 14.2.1.2 an insurer refuses to pay a claim; as a result of a deliberate or negligent act or omission of the Lessee. 12.2.2 14.2.2 The level of the reduction (if any) depends will depend on the nature and extent of the damage. 12.2.3 14.2.3 If the level of the reduction (if any) cannot be agreed it must will be determined by a Valuer.

Appears in 2 contracts

Samples: Ground Lease Agreement, Community Lease Agreement

Reduction or abatement of Rent. 12.2.1 While 12.2.1. The Yearly Amounts to be paid by the Lessee will during the period the Premises are unfit or inaccessible, the Yearly Amounts are inaccessible be reduced unless: 12.2.1.1 the 12.2.1.1. The Premises are unfit or inaccessible; or 12.2.1.2 an 12.2.1.2. An insurer refuses to pay a claim; as As a result of a deliberate or negligent act or omission of the Lessee. 12.2.2 12.2.2. The level of the reduction (if any) depends will depend on the nature and extent of the damage. 12.2.3 12.2.3. If the level of the reduction (if any) cannot be agreed agreed, it must will be determined by a Valuervaluer.

Appears in 1 contract

Samples: Lease Agreement

Reduction or abatement of Rent. 12.2.1 16.2.1 While the Premises are unfit or inaccessible, the Yearly Amounts are reduced unless: 12.2.1.1 16.2.1.1 the Premises are unfit or inaccessible; or 12.2.1.2 16.2.1.2 an insurer refuses to pay a claim; as a result of a deliberate or negligent act or omission of the Lessee. 12.2.2 16.2.2 The level of the reduction (if any) depends on the nature and extent of the damage. 12.2.3 16.2.3 If the level of the reduction (if any) cannot be agreed it must be determined by a Valuer.

Appears in 1 contract

Samples: Lease Agreement

Reduction or abatement of Rent. 12.2.1 11.2.1 While the Premises are unfit or inaccessible, the Yearly Amounts are reduced unless: 12.2.1.1 11.2.1.1 the Premises are unfit or inaccessible; or 12.2.1.2 11.2.1.2 an insurer refuses to pay a claim; as a result of a deliberate or negligent act or omission of the Lessee. 12.2.2 11.2.2 The level of the reduction (if any) depends on the nature and extent of the damage. 12.2.3 11.2.3 If the level of the reduction (if any) cannot be agreed it must be determined by a Valuer.

Appears in 1 contract

Samples: Lease Agreement

Reduction or abatement of Rent. 12.2.1 While the Leased Premises are unfit or inaccessible, the Yearly Amounts are reduced unless: 12.2.1.1 the Leased Premises are unfit or inaccessible; or 12.2.1.2 an insurer refuses to pay a claim; as a result of a deliberate or negligent act or omission of the Lessee. 12.2.2 The level of the reduction (if any) depends on the nature and extent of the damage. 12.2.3 If the level of the reduction (if any) cannot be agreed it must be determined by a Valuer.

Appears in 1 contract

Samples: Lease Agreement

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Reduction or abatement of Rent. 12.2.1 While 14.2.1 The Yearly Amounts to be paid by the Lessee will, during the period the Premises are unfit or inaccessible, the Yearly Amounts are be reduced unless: 12.2.1.1 (a) the Premises are unfit or inaccessible; or 12.2.1.2 (b) an insurer refuses to pay a claim; , as a result of a deliberate or negligent act or omission of the Lessee. 12.2.2 14.2.2 The level of the reduction (if any) depends will depend on the nature and extent of the damage. 12.2.3 14.2.3 If the level of the reduction (if any) cannot be agreed agreed, it must be determined by a Valuer.

Appears in 1 contract

Samples: Lease Agreement

Reduction or abatement of Rent. 12.2.1 While 15.2.1 The Yearly Amounts to be paid by the Lessee will during the period the Premises are unfit or inaccessible, the Yearly Amounts are inaccessible be reduced unless: 12.2.1.1 15.2.1.1 the Premises are unfit or inaccessible; or 12.2.1.2 15.2.1.2 an insurer refuses to pay a claim; as a result of a deliberate or negligent act or omission of the Lessee. 12.2.2 15.2.2 The level of the reduction (if any) depends will depend on the nature and extent of the damage. 12.2.3 15.2.3 If the level of the reduction (if any) cannot be agreed it must will be determined by a Valuer.

Appears in 1 contract

Samples: Lease Agreement

Reduction or abatement of Rent. 12.2.1 While The Yearly Amounts to be paid by the Lessee will during the period the Premises are is unfit or inaccessible, the Yearly Amounts are inaccessible be reduced unless: 12.2.1.1 the Premises are is unfit or inaccessible; or 12.2.1.2 an insurer refuses to pay a claim; as a result of a deliberate the default or negligent act or omission negligence of the Lessee. 12.2.2 The level of the reduction (if any) depends will depend on the nature and extent of the damage. 12.2.3 If the level of the reduction (if any) cannot be agreed it must will be determined by a Valuer.

Appears in 1 contract

Samples: Park Lands Lease Agreement

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