Common use of Restoration and Abatement of Rent Clause in Contracts

Restoration and Abatement of Rent. If any part of the Building or Leased premises is taken by condemnation and this Lease is not terminated, then Landlord shall restore the Leased premises and interior improvements constructed by Landlord as they existed as of the Rent Commencement Date, excluding any Leasehold Improvements, Trade Fixtures and/or personal property constructed or installed by Tenant. Thereafter, except in the case of a temporary taking, as of the date possession is taken the Rent shall be reduced in the same proportion that the floor area of that part of the Leased Premises so taken (less any addition thereto by reason of any reconstruction) bears to the original floor area of the Leased Premises.

Appears in 2 contracts

Samples: Lease (Bam Entertainment Inc), Bam Entertainment Inc

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Restoration and Abatement of Rent. If any part of the Building or Leased premises Premises is taken by condemnation and this Lease is not terminated, then Landlord shall restore the Leased premises remaining portion of the Premises and interior improvements constructed by Landlord as they existed as of the Rent Commencement Effective Date, excluding any Leasehold ImprovementsTenant’s Alterations, Trade Fixtures and/or personal property constructed or installed by Tenant. Thereafter, except in the case of a temporary taking, as of the date possession is taken the Base Rent and Monthly Expense Payment shall be reduced in the same proportion that the floor area of that part of the Leased Premises so taken (less any addition thereto by reason of any reconstruction) bears to the original floor area of the Leased Premises.

Appears in 2 contracts

Samples: Sublease Agreement, Lease Agreement

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Restoration and Abatement of Rent. If any part of the Building or Leased premises --------------------------------- the Other Areas is taken by condemnation Condemnation and this Lease is not terminated, then then, to the extent reasonably practicable, Landlord shall restore the Leased premises remaining portion of the Building and interior improvements constructed by Landlord Other Areas as they existed as of the Rent Commencement Date, excluding any Leasehold Improvements, Trade Fixtures and/or personal property constructed or installed by Tenantafter the Commencement Date. Thereafter, except in the case of a temporary taking, as of the date possession is taken the Monthly Rent shall be reduced in the same proportion that the floor area of that part of the Leased Premises Building so taken (less any addition thereto by reason of any reconstruction) bears to the original floor area of the Leased PremisesBuilding.

Appears in 1 contract

Samples: Lease Agreement (Pixtech Inc /De/)

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