CONDEMNATION CLAUSE Clause Samples

CONDEMNATION CLAUSE. In the event that all or part of the PREMISES is taken by eminent domain or conveyed in lieu thereof, if the leased PREMISES cannot reasonably be used by TENANT for their intended purpose, then the lease will terminate effective as of the date that the condemning authority shall take possession of the same.

CONDEMNATION CLAUSE. In the event that all or a part of the Premises is taken by eminent domain or conveyed in lieu of eminent domain, if the Leased Premises cannot reasonably be used by LESSEE for their intended purpose, then this lease will terminate effective as of the date that the condemning authority shall take possession of the same.

CONDEMNATION CLAUSE. 22.1 If after the execution of this Lease and prior to the expiration of the term hereof, the whole of the Demised Premises shall be taken under power of eminent domain by any public or private authority, or conveyed by Landlord to said authority in lieu of such taking, then this Lease and the Term shall cease and terminate as of the date of such taking. 22.2 If, after the execution of this Lease and prior to the expiration of the Term, any taking under the power of eminent domain by a public or private authority or any conveyance by Landlord in lieu thereof, shall result in: 22.2.1 A taking of the Building, in whole or in part, on the Demised Premises, or 22.2.2 A reduction of the parking area in the Demised Premises below the amount required by governmental regulation, or 22.2.3 A partial taking which results in preventing access to any part of the Demised Premises. 22.2.4 A partial taking which results in cutting off indirect access from the Demised Premises to any public street or results in the permanent closing or relocation of any street adjoining the Demised Premises to which there is indirect access to and from the Demised Premises; or 22.2.5 A taking which materially impairs or adversely affects Tenant's use of the Demised Premises, and Landlord is unable to promptly provide Tenant with a suitable alternate means of access, in Landlord's reasonable opinion, then Tenant may, at its election, terminate this Lease by giving Landlord notice of the exercise of Tenant's election within ninety (90) days after Tenant shall receive written notice from Landlord of such taking. In the event of termination by Tenant under the provisions of this Article, this Lease and the Term shall cease and terminate as of the date of such taking, subject to the right of Tenant, at its election, to continue to occupy the Demised Premises, subject to the terms and provisions of this Lease, for all or such part, as Tenant may determine, of the period between the date of such taking and the date when possession of the Demised Premises shall be taken by the appropriating authority, and any unearned rent or other charges, if any, paid in advance by Tenant shall be refunded to Tenant. 22.3 In the event of a taking in respect of which Tenant shall not have the right to elect to terminate this Lease or, having such right, shall not elect to terminate this Lease, this Lease and the Term shall continue in full force and effect and Landlord, shall to the extent of the condemnation aw...

CONDEMNATION CLAUSE. If the whole or any substantial part (25% or more of the building or parking area or a taking affecting ingress or egress) of the demised premises should be taken for any public or quasi-public use under the governmental law, ordinance or regulation or by right of eminent domain or by private purchase in lieu thereof, this lease shall terminate and the rent shall be abated during the unexpired portion of this lease, effective when the physical taking of said premises shall occur. Tenant shall have no claim against the condemning authority, Landlord, or otherwise, for any portion of the amount that may be awarded as damages as a result of such taking or condemnation or for the value of any unexpired term of this lease; provided, however, that Landlord shall not be entitled to any separate award made to Tenant for loss of business or costs of relocation. If less than a substantial part of the demised premises shall be taken for any public or quasi-public use under any governmental law, ordinance or regulation, or by right of eminent domain, or by private purchase in lieu thereof, this lease shall not terminate but the rent payable hereunder during the unexpired portion of this lease shall be reduced to such extent as may be fair and reasonable under all of the circumstances.

CONDEMNATION CLAUSE. If any authority under eminent domain takes business center, in either of the forms described below, the lease will be terminated at that time or all adjustments in rent will be made pro-rata to that time and payable then. "

CONDEMNATION CLAUSE. If, after the execution of this Lease and prior to the expiration of its Term, the whole of the demised Premises (or such part as shall cause the remaining part to be unsuitable for use by Lessee, as determined by Lessee in its reasonable discretion) shall be appropriated by right of an eminent domain, the Term of this Lease shall cease as of the time of any appropriation, and Lessee shall have no obligation to pay Rent and Additional Rent for periods after the time of appropriation.

CONDEMNATION CLAUSE. If any part of the Premises shall be taken or condemned for a public or quasi-public use, or sold under threat of the exercise of said power, and a part thereof remains which is susceptible of occupation hereunder, this Lease shall, as to the part taken, terminate as of the date title shall vest in the condemner and the rent payable hereunder shall be adjusted so that the Tenant shall be required to pay, for the remainder of the Lease Term, only that portion of such rent as the area of the part remaining after the condemnation bears to the area of the entire Premises at the date of condemnation; but in such event, Landlord shall have the option to terminate this Lease as of the date when title to the part so condemned vests to the condemner. If all of the demised Premises, or such part thereof, be taken or condemned so that there does not remain a portion susceptible for occupation hereunder, this Lease shall thereupon terminate. If a part or all of the demised Premises be taken or condemned, all compensation award upon such condemnation or taking shall go to the Landlord and the Tenant shall have not claim thereto, and the Tenant hereby irrevocably assigns and transfers to the Landlord any right to compensation or damages to which the Tenant may become entitled during the term hereof by reason of the condemnation of all, or a part of, the demised Premises.