Common use of Inability to Collect Clause in Contracts

Inability to Collect. Notwithstanding any of the foregoing provisions of this Paragraph 13, if Landlord or Landlord's Mortgagee shall be unable to collect all of the rent insurance proceeds equal to the reduction in Rent resulting from damage or destruction of the Premises or the Building solely by reason of any action or inaction on the part of Tenant or any of its employees, agents or contractors, then, without prejudice to any other remedies which may be available against Tenant, there shall be no abatement of Rent and, if an Event of Default of a monetary nature has occurred, Landlord shall have no obligation to restore the Premises.

Appears in 2 contracts

Sources: Lease Agreement (Eresearchtechnology Inc), Lease Agreement (Premier Research Worldwide LTD)

Inability to Collect. Notwithstanding any of the -------------------- foregoing provisions of this Paragraph Article 13, if and for so long as by reason of any action or inaction by any Tenant Party, Landlord or Landlord's any Mortgagee shall be or Lessor is unable to collect all of the insurance proceeds (including rent insurance proceeds equal proceeds) applicable to the reduction in Rent resulting from damage or destruction of the Premises or the Building solely by reason of any action or inaction on the part of Tenant or any of its employees, agents or contractorsBuilding, then, without prejudice to any other remedies which that may be available against Tenant, there shall be no abatement of Rent and, if an Event of Default of a monetary nature has occurred, and Landlord shall have no obligation to restore the Premises.

Appears in 2 contracts

Sources: Lease (Portal Software Inc), Lease (Portal Software Inc)

Inability to Collect. Notwithstanding any of the foregoing provisions of this Paragraph 13Article, if Landlord or Landlord's any Lessor or Mortgagee shall be unable to collect all of the insurance proceeds (including rent insurance proceeds equal proceeds) applicable to the reduction in Rent resulting from damage or destruction of the Premises or the Building solely by reason of any action or inaction on the part of Tenant or any of its employees, agents or contractorsTenant Party, then, without prejudice to any other remedies which may be available against Tenant, (i) there shall be no abatement of Rent andRent, if an Event of Default of a monetary nature has occurred, and (ii) Landlord shall have no obligation to restore the Premises.

Appears in 1 contract

Sources: Lease Agreement (Thestreet Com)

Inability to Collect. Notwithstanding any of the foregoing provisions of this Paragraph 13Article, if Landlord or Landlord's any Lessor or Mortgagee shall be unable to collect all of the insurance proceeds (including rent insurance proceeds equal proceeds) applicable to the reduction in Rent resulting from damage or destruction of the Premises or the Building solely by reason of any action or inaction failure on the part of Tenant or any of its employeesTenant Party, agents following reasonable notice, to provide reasonably requested information or contractorsotherwise failing to cooperate in a reasonable manner, then, without prejudice to any other remedies which may be available against Tenant, there shall be no abatement of Rent and, if an Event of Default of a monetary nature has occurred, Landlord shall have no obligation to restore the PremisesRent.

Appears in 1 contract

Sources: Lease (MF Global Ltd.)

Inability to Collect. Notwithstanding any of the foregoing provisions of this Paragraph 13Article 14, if Landlord or Landlord's any Lessor or Mortgagee shall be unable to collect all of the insurance proceeds (including rent insurance proceeds equal proceeds) applicable to the reduction in Rent resulting from damage or destruction of the Premises or the Building solely by reason of any action or inaction on the part of Tenant or any of its employees, agents or contractorsTenant Party, then, without prejudice to any other remedies which may be available against Tenant, (i) there shall be no abatement of Rent andRent, if an Event of Default of a monetary nature has occurred, and (ii) Landlord shall have no obligation to restore the Premisescore and shell of the Premises or the Building Systems.

Appears in 1 contract

Sources: Lease (Sports Club Co Inc)