Common use of CESSER OF RENT Clause in Contracts

CESSER OF RENT. (A) If the whole or any part of the Building or its essential accesses or services are damaged or destroyed by any of the insured risks so as to render the demised premises unfit for occupation and use and the insurance effected by the Landlord is not vitiated, avoided or forfeited or the payment of the insurance proceeds or of any part of them refused or withheld by reason of any act or default of the Tenant or any person deriving title under the Tenant or their respective agents, servants or licensees then the rents reserved by this Lease or a fair proportion of them according to the nature and extent of the damage sustained will be suspended until the demised premises are again rendered fit for occupation and use or until the expiration of such period in respect of which loss of rent insurance may have been effected whichever is the earlier. (B) Any dispute arising under sub-paragraph (A) is to be determined by a single arbitrator in accordance with Arbitration ▇▇▇ ▇▇▇▇.