Common use of Rent Apportionment Clause in Contracts

Rent Apportionment. If either Landlord or Tenant terminates this Lease under this Article 11, Landlord will apportion Basic Rent and Tenant’s Share of Operating Expenses on a per diem basis and Tenant will pay Basic Rent and Tenant’s Share of Operating Expenses to either (a) the date of the fire or other casualty if the event renders the Premises completely untenantable, or (b) if the event does not render the Premises completely untenantable, the effective date of such termination (provided that if a portion of the Premises is rendered untenantable, but the remaining portion is tenantable, then, Tenant’s obligation to pay Basic Rent and Tenant’s Share of Operating Expenses shall xxxxx as set forth above from the date of the casualty and Tenant will pay the unabated portion of the Basic Rent to the date of such termination).

Appears in 2 contracts

Samples: Sublease Agreement, Sublease Agreement (Pacifica Bancorp Inc)

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Rent Apportionment. If either Landlord or Tenant terminates this Lease under this Article 11, Landlord will apportion Basic Rent and Tenant’s 's Share of Operating Expenses on a per diem basis and Tenant will pay the Basic Rent and Tenant’s 's Share of Operating Expenses to either (a) the date of the fire or other casualty if the event renders the Premises completely untenantable, untenantable or (b) if the event does not render the Premises completely untenantable, the effective date of such termination (provided that if a portion of the Premises is rendered untenantable, but the remaining portion is tenantable, then, then Tenant’s 's obligation to pay Basic Rent and Tenant’s 's Share of Operating Expenses shall will xxxxx as according to the formula set forth above in Section 11.1 from the date of the casualty and Tenant will pay the unabated portion of the Basic Rent to the date of such termination).

Appears in 1 contract

Samples: Office Lease Agreement (Blue Nile Inc)

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Rent Apportionment. If either Landlord or Tenant terminates this Lease under this Article 11, Landlord will apportion Basic Rent and Tenant’s 's Share of Operating Excess Expenses on a per diem basis and Tenant will pay the Basic Rent and Tenant’s 's Share of Operating Excess Expenses to either (a) the date of the fire or other casualty if the event renders the Premises completely untenantable, untenantable or (b) if the event does not render the Premises completely untenantable, the effective date of such termination (provided that if a portion of the Premises is rendered untenantable, but the remaining portion is tenantable, then, then Tenant’s 's obligation to pay Basic Rent and Tenant’s 's Share of Operating Excess Expenses shall xxxxx abates pro rata as set forth above provided in Section 11.5 from the date of the casualty and Tenant will pay the unabated portion of the Basic Rent to the date of such termination).

Appears in 1 contract

Samples: Multitenant Office Deed of Lease Agreement (Sm&a Corp)

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