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 7, 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. 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 11 contracts

Sources: Industrial Real Estate Lease (Doskocil Manufacturing Co Inc), Industrial Real Estate Lease (Doskocil Manufacturing Co Inc), Industrial Real Estate Lease (Doskocil Manufacturing Co 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 7Seven, 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. Except for such possible reduction in Base Rentrent, 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 3 contracts

Sources: Lease Agreement (Endologix Inc /De/), Lease Agreement (TriVascular Technologies, Inc.), Lease Agreement (TriVascular Technologies, Inc.)

Temporary Reduction of Rent. If the Property is shall be destroyed or --------------------------- damaged by casualty and Landlord shall determine to repair or Tenant repairs or restores restore the Property pursuant to the provisions of this Article 7Eleven, 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 ’s use of the Property is Premises shall be impaired. 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, reduction or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 2 contracts

Sources: Industrial Real Estate Lease (LENSAR, Inc.), Industrial Real Estate Lease (LENSAR, 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 7Seven, 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 ’s use of the Property Premises is impairedmaterially impaired and to which Tenant does not use the Premises. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Rent 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 2 contracts

Sources: Lease Agreement (Blue Apron Holdings, Inc.), Lease Agreement (Blue Apron Holdings, Inc.)

Temporary Reduction of Rent. If the Property is destroyed or --------------------------- damaged and Landlord or Tenant Lessor repairs or restores the Property pursuant to the provisions of this Article 7Seven, 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 Less▇▇'▇ ▇se of the Property is impaired. However, the reduction shall not exceed the sum of one year's payment of Base Rent. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, Tenant Lessee shall not be entitled to any compensation, reduction, or reimbursement from Landlord Lessor as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Sources: Industrial Gross Lease (Gildan Activewear 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 7Seven, 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. 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, unless such damage was caused by the gross negligence or willful misconduct of Landlord, its agents, servants or employees.

Appears in 1 contract

Sources: Industrial Real Estate Lease (Dicks Sporting Goods 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 7, 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 ’s use of the Property is Leased Premises shall be impaired. 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 Property.

Appears in 1 contract

Sources: Commercial Lease (Excelligence Learning 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 7, any Seven. Any rent payable during the period of such damage, damage repair and/or restoration shall be reduced according to the degree, degree if any, to which Tenant's use of the Property is impaired. Except for such possible reduction in Base Rent, insurance premiums and real property taxesreduction, 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

Sources: Lease Agreement (FNB Bancorp/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 7Seven, 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 rent. Except for such possible reduction in Base Rent, insurance premiums and real property taxesrent, 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

Sources: Industrial Real Estate Lease (Gish Biomedical 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 7Seven, 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. 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

Sources: Industrial Real Estate Lease (Source Interlink Companies 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 7Seven, 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. 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

Sources: Lease Agreement (Ultra Pac Inc)

Temporary Reduction of Rent. If the Property is shall be destroyed or --------------------------- damaged by casualty and Landlord or Tenant repairs or restores the Property this Lease is not terminated pursuant to the provisions of this Article 7Eleven, 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 ▇▇▇▇▇▇’s use of the Property is Premises shall be impaired. Except for such possible reduction in Base Rent, insurance premiums and real property taxesTaxes, 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 Property.

Appears in 1 contract

Sources: Industrial Real Estate Lease (Universal Power 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 7Seven, any rent payable during the period of such damage, repair and/or restoration shall be reduced according to the degree, if any, to which TenantT▇▇▇▇▇'s use of the Property is impaired. 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 Property.

Appears in 1 contract

Sources: Industrial Real Estate Lease (Southern Electronics 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 7Seven, 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. Except for such possible reduction in Base Rent, insurance premiums and real property taxestaxes and Additional Rent, 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, except as expressly provided in this Lease.

Appears in 1 contract

Sources: Lease Agreement (Guitar Center 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 7Seven, 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 impairedproceeds of rental continuation insurance received by Landlord covering such period of time. 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

Sources: Industrial Real Estate Lease (Netcom Systems 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 7Seven, 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. Except for such possible reduction in Base Rent, insurance premiums and real property taxesrent, 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

Sources: Industrial Real Estate Lease (All American Semiconductor 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 7, any rent the Base 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. 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

Sources: Industrial Real Estate Lease (United Natural Foods Inc)

Temporary Reduction of Rent. If the Property is shall be destroyed or --------------------------- damaged by casualty and Landlord shall determine to repair or Tenant repairs or restores restore the Property pursuant to the provisions of this Article 7Eleven, 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 ▇▇▇▇▇▇’s use of the Property is Premises shall be impaired. 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, reduction or reimbursement from Landlord as a result of any damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Sources: Industrial Real Estate Lease (LENSAR, 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 7VII, 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. Except for such possible reduction ▇▇▇▇▇tion 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

Sources: Industrial Real Estate Lease (Genetic Vectors 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 7Seven, 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 Tena▇▇'▇ ▇se of the Property is impaired. Except for such possible reduction in Base Rent, insurance premiums and real property taxesrent, 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

Sources: Industrial Real Estate Lease (Corporate Property Associates 12 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 7Seven, any rent payable during the period of such damage, repair repaid and/or restoration shall be reduced according to the degree, if any, to which Tenant's use of the Property is impaired. 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.. (copyright) ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Chapter 7 Initials of the Society of Industrial ----------- and Office Realtors, Inc. (Multi-Tenant Net Form)

Appears in 1 contract

Sources: Early Possession Agreement (Ashworth 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 7Seven, 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 Tena▇▇'▇ ▇se of the Property is impaired. 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

Sources: Industrial Real Estate Lease (Amazon Com 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 7Eleven, 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 is Premises shall be impaired. 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 Property.

Appears in 1 contract

Sources: Industrial Real Estate Lease (Learningstar 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 7Seven, 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. 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 an damage, destruction, repair, or restoration of or to the Property.

Appears in 1 contract

Sources: Lease Agreement (Sanctuary Woods Multimedia 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 7Seven, 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. Except for such possible reduction in Base Rent, insurance premiums and real property taxes, taxes and other periodic payments. 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

Sources: Industrial Real Estate Lease (Hot Topic 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 7, 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. 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

Sources: Industrial Real Estate Lease (Doskocil Manufacturing Co Inc)