Common use of Rent Regulations Clause in Contracts

Rent Regulations. If all or any part of the Fixed Rent or Additional Rent shall at any time become uncollectible, reduced or required to be refunded by virtue of any Requirements (including rent control or stabilization laws, however denominated), then for the period prescribed by said Requirements, Tenant shall pay to Landlord the maximum amounts permitted pursuant to said Requirements (but in no event to exceed the amounts which would otherwise be due and payable under this Lease as if such Requirements were not in effect), and Tenant shall execute and deliver such agreement(s) and take such other steps as Landlord may reasonably request to permit Landlord to collect the maximum fixed rent and additional rent which, from time-to-time during the continuance of such legal rent restriction, may be legally permissible (and not in excess of the amounts then reserved therefor under this Lease). Upon the expiration or other legal termination of the applicable period of time during which such amounts shall be uncollectible, reduced or refunded: (a) the Fixed Rent and Additional Rent shall become and shall thereafter be payable in accordance with the amounts reserved herein for the periods following such expiration or termination, and (b) Tenant shall pay to Landlord as Additional Rent, within ten (10) days after demand or such longer period as is legally permissible if ten (10) days shall not be lawful, all uncollected, reduced or refunded amounts that would have been payable for the above-said period absent such Requirements.

Rent Regulations. If all or any part of the Fixed Rent or Additional Rent additional rent shall at any time become uncollectible, reduced or required to be refunded by virtue of any Requirements Laws and Ordinances (including rent control or stabilization laws, however denominated), then for the period prescribed by said RequirementsLaws and Ordinances, Tenant shall pay to Landlord the maximum amounts permitted pursuant to said Requirements Laws and Ordinances (but in no event to exceed the amounts which would otherwise be due and payable under this Lease as if such Requirements Laws and Ordinances were not in effect), and Tenant shall execute and deliver such agreement(s) and take such other steps as Landlord may reasonably request to permit Landlord to collect the maximum fixed rent and additional rent Rent which, from time-to-time during the continuance of such legal rent restriction, may be legally permissible (and not in excess of the amounts then reserved therefor under this Lease). Upon the expiration or other legal termination of the applicable period of time during which such amounts shall be uncollectible, reduced or refunded: (a) the Fixed Rent and Additional Rent additional rent shall become and shall thereafter be payable in accordance with the amounts reserved herein for the periods following such expiration or termination, and (b) Tenant shall pay to Landlord as Additional Rentadditional rent, within ten thirty (1030) days after demand or such longer period as is legally permissible if ten thirty (1030) days shall not be lawful, all uncollected, reduced or refunded amounts that would have been payable for the above-said period absent such RequirementsLaws and Ordinances.