Common use of Condemnation and Loss or Damage Clause in Contracts

Condemnation and Loss or Damage. If the Premises or any material part thereof shall be taken or condemned for any public purpose to such an extent as to render the remainder of the Premises, in the opinion of Lessor and Lessee, not reasonably suitable for Xxxxxx’s intended use this lease shall, at the option of either party forthwith cease and terminate. All proceeds from any taking or condemnation of the Premises shall belong to and be paid to Lessor. In addition the Lessor shall not be liable or responsible to Lessee for any loss or damage to any property or persons occasioned by theft, fire, act of God, public enemy, injunction, riot, strike, insurrection, war, court order, requisition or order of governmental body or authority, force majeur or any other cause beyond the control of Lessor, or for any damage or inconvenience which may arise through repair or alteration of any part of the Building, or failure to make such repairs. If additional proceeds from any taking are specifically to reimburse Lessee for moving costs or business loss then Xxxxxx will be entitled to those proceeds only.

Appears in 1 contract

Samples: Lease Agreement (Bankrate, Inc.)

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Condemnation and Loss or Damage. If the Leased Premises or any material part thereof shall be taken or condemned for any public purpose purposes to such an extent as to render the remainder of the Leased Premises, in the opinion of Lessor and Lessee, not reasonably reasonable suitable for Xxxxxx’s intended use Lessee's occupancy, this lease Lease shall, at the option of either party party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor. In addition the addition, Lessor shall not be liable or responsible to Lessee for any loss or damage to any property or persons occasioned by theft, fire, act of God, public enemy, injunction, riot, strike, insurrection, war, court order, requisition or order of governmental body or authority, force majeur or any other cause beyond the control of Lessor, or for any damage or inconvenience which may arise through repair or alteration of any part of the Building, or failure to make any such repairs. If additional proceeds from any taking are specifically to reimburse Lessee for moving costs or business loss then Xxxxxx will be entitled to those proceeds only.

Appears in 1 contract

Samples: Lease Agreement (3dx Technologies Inc)

Condemnation and Loss or Damage. If the Premises Leased Premises. or any material part thereof shall be taken or condemned for any public purpose to such an extent as to render the remainder of the Leased Premises, in the opinion of Lessor and Lessee, not reasonably suitable for Xxxxxx’s intended use Lessees .occupancy, this lease Lease shall, at the option of either party party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor. In addition the addition, Lessor shall not be liable or responsible to Lessee for any loss or damage to any property or persons occasioned by theft, fire, act of God, public enemy, injunction-injunction, riot, strike, insurrection, war, ,. court order, requisition or order of governmental body or authority, force majeur majeure `or any other cause beyond the control of Lessor, or for any damage or inconvenience which may arise through repair or alteration alteration- of any part of the Building, Buildin& or failure to make such repairs. If additional proceeds from any taking are specifically , except to reimburse Lessee for moving costs the extent caused by the intentional act or business loss then Xxxxxx will be entitled to those proceeds onlygross negligence of Lessor.

Appears in 1 contract

Samples: Sub Sublease Agreement (Empower Health Corp)

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Condemnation and Loss or Damage. If the Leased Premises or any material part thereof shall be taken or condemned for any public purpose to such an extent as to render the remainder of the Leased Premises, in the opinion of Lessor and Lessee, not reasonably suitable for Xxxxxx’s intended use Lessee's occupancy, this lease Lease shall, at the option of either party party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor. In addition the addition, Lessor shall not be liable or responsible to Lessee for any loss or damage to any property or persons occasioned by theft, fire, act of God, public enemy, injunction, riot, strike, insurrection, war, court order, requisition or order of governmental body or authority, force majeur majeure or any other cause beyond the control of Lessor, or for any damage or inconvenience which may arise through repair or alteration of any part of the Building, or failure to make such repairs. If additional proceeds from any taking are specifically , except to reimburse Lessee for moving costs the extent caused by the intentional act or business loss then Xxxxxx will be entitled to those proceeds onlygross negligence of Lessor.

Appears in 1 contract

Samples: Office Lease Agreement (Applied Science Fiction Inc)

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