Common use of Suspension of Rent Clause in Contracts

Suspension of Rent. If the Property is unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.

Appears in 7 contracts

Samples: Dated (Immunocore LTD), Dated (Immunocore LTD), Immunocore LTD

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Suspension of Rent. If the Property is (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 7 contracts

Samples: Prescribed Clauses (Adaptimmune Therapeutics PLC), Adaptimmune Therapeutics PLC, Adaptimmune Therapeutics PLC

Suspension of Rent. If the Property is (or the means of access thereto) are wholly or partly unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 2 contracts

Samples: Oxford Immunotec Global PLC, Oxford Immunotec Global PLC

Suspension of Rent. If the Property is (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 2 contracts

Samples: Oxford Immunotec Global PLC, Oxford Immunotec Global PLC

Suspension of Rent. 6.3.1 If the Property is Premises are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.earlier of:

Appears in 2 contracts

Samples: Cambridge Display Technology, Inc., Cmgi Inc

Suspension of Rent. 6.3.1 If the Property is (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 1 contract

Samples: Summit Corp PLC

Suspension of Rent. 6.3.1 If the Property and/or the means of access to it is unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.use and accessible (excluding fitting out and replacement of contents);

Appears in 1 contract

Samples: Exscientia LTD

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Suspension of Rent. 6.3.1 If the Property is (or the means of access thereto) are unfit for occupation and or use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 1 contract

Samples: Summit Therapeutics PLC

Suspension of Rent. If the Property is unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and the Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and use.

Appears in 1 contract

Samples: Lease Particulars (Vertex Pharmaceuticals Inc / Ma)

Suspension of Rent. If the Property is (or the means of access thereto) are unfit for occupation and use because of damage by an Insured Risk then (save to the extent that payment of the loss of rent insurance moneys is refused due to the act or default of the Tenant) the Principal Rent and Service Charge (or a fair proportion according to the nature and extent of the damage) shall be suspended until the date on which the Property is again fit for occupation and useuse and/or accessible.

Appears in 1 contract

Samples: Replimune Group, Inc.

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