Common use of All of Premises Taken Clause in Contracts

All of Premises Taken. If the whole of the Premises shall be taken either permanently or temporarily by any right of eminent domain or conveyance in lieu thereof (each being hereinafter referred to as “condemnation”), this Lease shall terminate as of the day possession shall be taken by the condemning authority.

Appears in 2 contracts

Samples: Absolute Net Lease Agreement (Zoned Properties, Inc.), Shopping Center Lease (Wilshire Bancorp Inc)

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All of Premises Taken. If the whole of the Premises shall be is taken either permanently or temporarily by any right of eminent domain or conveyance in lieu thereof (each being hereinafter referred to as “condemnation”), this Lease shall terminate as of the day possession shall be taken by the condemning authority.

Appears in 2 contracts

Samples: Absolute Net Ground Lease Agreement (Zoned Properties, Inc.), Absolute Net Lease Agreement (Zoned Properties, Inc.)

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