Common use of Temporary Reduction of Rent Clause in Contracts

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 12 contracts

Samples: Industrial Real Estate Lease (Wrap Technologies, Inc.), Purchase and Sale Agreement (Samsonite Corp/Fl), Commercial Real Estate Lease (Alibris Inc)

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Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 7 contracts

Samples: Industrial Real Estate Lease (Retrospettiva Inc), Industrial Real Estate Lease (LML Payment Systems Inc), Real Estate Lease (Simple Technology Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's ’s use of the Property is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 6 contracts

Samples: Industrial Lease Agreement, Industrial Real Estate Lease (Vitacost.com, Inc.), Sublease (Modtech Holdings Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use Tenaxx'x xse of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, repair or restoration of or to the Property.

Appears in 4 contracts

Samples: Lease Agreement (Fresh Juice Co Inc), Industrial Real Estate Lease (Nebraska Book Co), Lease Agreement (Document Sciences Corp)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use Tenaxx'x xse of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 3 contracts

Samples: Industrial Real Estate Lease (Amazon Natural Treasures Inc), Industrial Real Estate Lease (Full Line Distributors Inc), Industrial Real Estate Lease (Natural Nutrition Group Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, repair or restoration of or to the Property.

Appears in 2 contracts

Samples: Lease Agreement (Saratoga Beverage Group Inc), Lease Agreement (Pemstar Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's Xxxxxx’s use of the Property is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 2 contracts

Samples: Industrial Real Estate Lease (Chino Commercial Bancorp), Industrial Real Estate Lease (Liquidity Services Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rentrent, insurance premiums and real property taxes. Except for such possible reduction in Base Rentrent, insurance premiums and real property taxes, Tenant shall not be entitled to any other compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 2 contracts

Samples: Industrial Real Estate Sublease (Pets Com Inc), Industrial Real Estate Sublease (Pets Com Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, . Tenant shall not be entitled to any b compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, . repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Iprint Com Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according reduced, but in an amount not to exceed the degree, if any, to which Tenant's use amount of the Property is impaired. However, the reduction shall not exceed the sum proceeds of one year's payment rental continuation insurance received by Landlord covering such period of Base Rent, insurance premiums and real property taxestime. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Netcom Systems Inc)

Temporary Reduction of Rent. If the Property is partially, substantially or totally destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's ’s use of the Property is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Pc Mall Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damagedamages, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, repair or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Luminex Lighting Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Apex Pc Solutions Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for from such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (3pea Technologies Inc.)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not shaxx xxx exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real Real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Service 1st Bancorp)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantTxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Nebo Products Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if ill any, to which Tenant's use Tenaxx'x xse of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Seamed Corp)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, unless such destruction or damage is caused in whole or in part by Tenant's negligence or wilful misconduct, in which case there shall be no reduction in rent or by the reduction shall not exceed the sum amount of one year's payment of Base Rent, any rental income insurance premiums and real property taxesproceeds received by Landlord. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Valley Media Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.,

Appears in 1 contract

Samples: Lease Agreement (Icon Health & Fitness Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the PropertyProperty if said damage or destruction was caused by an act of the Tenant or events beyond Landlord's control, unless damage is caused by Landlord.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Gametech International Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall reductxxx xxall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Arterial Vascular Engineering Inc)

Temporary Reduction of Rent. If the Property Premises is destroyed or damaged and Landlord or Tenant repairs or restores the Property Premises pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's ’s use of the Property Premises is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent and Additional Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent and Additional Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the PropertyPremises.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Dynamic Health Products Inc)

Temporary Reduction of Rent. If the Property is shall be destroyed or damaged and Landlord shall repair or Tenant repairs or restores restore the Property pursuant to the provisions of this Article SevenX, any rent Rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Leased Property is shall be impaired. However, the Such reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, reduction or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Leased Property.

Appears in 1 contract

Samples: Lease Agreement (Photomatrix Inc/ Ca)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such ------------- damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's years payment of Base Rent, insurance premiums and real property taxes. Except , except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Tenant Estoppel (G&l Realty Corp)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent and Additional Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent and Additional Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Commercial Lease Agreement (Radiation Therapy Services Inc)

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Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. ! However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real ' property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall ' not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Avalanche International, Corp.)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxesexcept for damages caused by the gross negligence or intentional misconduct of Landlord or its agents, employees and contractors Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Micro Therapeutics Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's business and overall use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the PropertyProperty unless due to Landlord's gross negligence or willful misconduct.

Appears in 1 contract

Samples: Lease Agreement (Homegrocer Com Inc)

Temporary Reduction of Rent. If the Property property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's ’s use of the Property is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Biolife Solutions Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to 16 the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of the Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Carpenter W R North America Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's ’s use of the Property is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent, insurance premiums and real property taxesReal Property Taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxesReal Property Taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (West Marine Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's ’s use of the Property is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent, insurance premiums and premiums, real property taxestaxes and other rent. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Corgenix Medical Corp/Co)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent Rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's Xxxxxx’s use of the Property is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent, insurance premiums and real property taxesReal Property Taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Standard Industrial Real Estate Lease (Dendreon Corp)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this the Article Seven, any rent payable during the period of such damage, damage repair and/or and restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration restoration, of or to the Property.

Appears in 1 contract

Samples: Multi Tenant Lease (Fun City Popcorn Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's ’s use of the Property is impaired. However, the reduction shall not exceed the sum of one year's ’s payment of Base Rent and Additional Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent and Additional Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Blucora, Inc.)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. However, the reduction shall reductxxx xxall not exceed the sum of one year's payment of Base RentRate, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Lease Agreement (Iomega Corp)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or and /or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Multi Tenant Industrial Gross Lease (Activecare, Inc.)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord or Tenant repairs or restores the Property pursuant to the provisions provision of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums premium and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the this Property.

Appears in 1 contract

Samples: Lease Agreement (Intellisys Group Inc)

Temporary Reduction of Rent. If the Property is destroyed or damaged and Landlord landlord or Tenant repairs elect to repair or restores restore the Property pursuant to the provisions of this Article Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantXxxxxx's use of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent and Additional Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent and Additional Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Direct Focus Inc)

Temporary Reduction of Rent. If the Property Premises is destroyed or damaged and Landlord or Tenant repairs or restores the Property Premises pursuant to the provisions of this Article Seven, any rent Rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property Premises is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent, insurance premiums and real property taxes. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant shall not be entitled to any compensation, reduction, or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the PropertyPremises.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Planet 13 Holdings Inc.)

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