Common use of Condemnation and Loss or Damage Clause in Contracts

Condemnation and Loss or Damage. If the Leased Premises shall be taken or condemned for any public purpose to the extent as to render the Leased Premises untentantable, this Lease shall, at the option of either party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor and Lessee, as their interests may appear.

Appears in 1 contract

Samples: Lease Agreement (Victoria Bankshares Inc)

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Condemnation and Loss or Damage. If the Leased Premises shall be taken or condemned for any the public purpose to the such an extent as to render the Leased Premises untentantable, untenantable this Lease shall, at the option of either party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor and Lessee, as their interests may appear.Lessor. DAMAGES FROM CERTAIN CAUSES

Appears in 1 contract

Samples: Lease Agreement (National Bancshares Corp of Texas)

Condemnation and Loss or Damage. If the Leased Premises shall be taken or condemned for any public purpose to the extent as to render the Leased Premises untentantableuntenantable, this Lease shall, at the option of either party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor and Lessee, as their interests may appear.

Appears in 1 contract

Samples: Lease Agreement (Victoria Bankshares Inc)

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Condemnation and Loss or Damage. If the Leased Premises shall be taken or condemned for any public purpose to the such an extent as to render the Leased Premises untentantable, untenantable this Lease lease shall, at the option of either party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor and Lessee, as their interests may appear.Lessor. DAMAGES FROM CERTAIN CAUSES

Appears in 1 contract

Samples: Sublease Agreement (Caprock Communications Corp)

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