Common use of Suspension of Rent Clause in Contracts

Suspension of Rent. 7.4.1 If and whenever during the Term: 7.4.1.1 the Premises or any part of them are damaged or destroyed by any of the Insured Risks except one against which insurance may not ordinarily be arranged with an insurer of repute for properties such as the Premises unless the Landlord has in fact insured against that risk so that the Premises or any part of them are unfit for occupation or use and 7.4.1.2 payment of the insurance money is not refused in whole or in part by reason of any act or default of the Tenant or anyone at the Premises expressly or by implication with the Tenant s authority and under the Tenant s control the following provisions of this clause shall have effect 7.4.2 When the circumstances contemplated in clause 7. 4.1 arise the Rent or a fair proportion of the Rent according to the nature and the extent of the damage sustained shall cease to be payable until the Premises or the affected part shall have been rebuilt or reinstated so that the Premises or the affected part are made fit for occupation or use or until the expiration of three years from the destruction or damage whichever period is the shorter (the amount of such proportion and the period during which the Rent shall cease to be payable to be determined by the Surveyor acting as an expert and not as an arbitrator whose decision shall be final and binding save in the case of manifest error)

Suspension of Rent. 7.4.1 7.5.1 If and whenever during the Term: 7.4.1.1 7.5.1.1 the Premises or any part of them are damaged or destroyed by any of the Insured Risks except one against which insurance may not ordinarily be arranged with an insurer of repute for properties such as the Premises unless the Landlord has in fact insured against that risk so that the Premises or any part of them are unfit for occupation or use and 7.4.1.2 7.5.1.2 save where payment of the insurance money is not refused in whole or in part by reason of any act or default of the Tenant or anyone at the Premises expressly or by implication with the Tenant s Tenants authority and under the Tenant s Tenant's control the following provisions of this clause 7.5.2 shall have effect 7.4.2 7.5.2 When the circumstances contemplated in clause 7. 4.1 7.5.1 arise the Rent or a fair proportion of the Rent according to the nature and the extent of the damage sustained shall cease to be payable until the Premises or the affected part shall have been rebuilt or reinstated so that the Premises or the affected part are made fit for occupation or use or until the expiration of three 2 years from the destruction or damage whichever period is the shorter (the amount of such proportion and the period during which the Rent shall cease to be payable to be determined by the Surveyor acting as an expert and not as an arbitrator whose decision shall be final and binding save in the case of manifest errorarbitrator)

Suspension of Rent. 7.4.1 7.3.1 If and whenever during the Term: 7.4.1.1 7.3.1.1 the Premises or any part of them are damaged or destroyed by any of the Insured Risks except one against which insurance may not ordinarily be arranged with an insurer of repute for properties such as the Premises unless the Landlord has in fact insured against that risk so that the Premises or any part of them are unfit for occupation or use and 7.4.1.2 7.3.1.2 save where payment of the insurance money is not refused in whole or in part by reason of any act or default of the Tenant or anyone at the Premises expressly or by implication with the Tenant s Tenants authority and under the Tenant s Tenant's control the following provisions of this clause 7.3.2 shall have effect 7.4.2 7.3.2 When the circumstances contemplated in clause 7. 4.1 7.3.1 arise the Rent or a fair proportion of the Rent according to the nature and the extent of the damage sustained shall cease to be payable until the Premises or the affected part shall have been rebuilt or reinstated so that the Premises or the affected part are made fit for occupation or use or until the expiration of three years from the destruction or damage whichever period is the shorter (the amount of such proportion and the period during which the Rent shall cease to be payable to be determined by the Surveyor acting as an expert and not as an arbitrator whose decision shall be final and binding save in the case of manifest errorarbitrator)