Common use of CONDEMNATION LOSS Clause in Contracts

CONDEMNATION LOSS. Should all the Premises be taken in condemnation proceedings or by exercise of any right of eminent domain, then this Lease Agreement shall automatically terminate as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Premises. If there is a partial taking but Tenant continues to occupy the Building in part, the rent shall be reduced in the proportion that the unoccupied part of the Building bears to the entire Building. If, as a result of a partial taking, the Premises are no longer reasonably usable for the purpose(s) specified in Article 3 of this Lease Agreement in a manner consistent with the use thereof prior to the date of such taking, Tenant may terminate this Lease Agreement as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Premises by giving written notice thereof to Landlord. All damages awarded for any such taking shall belong to and be the property of Landlord irrespective of the basis upon which they are awarded provided, however, that nothing contained herein shall prevent Tenant from making a separate claim to the condemning authority for its moving expenses and trade fixtures and other property, so long as such claim does not diminish the award available to Landlord and is payable separately to Tenant. For purposes of this Article, a taking by eminent domain shall include Landlord’s giving of a deed under threat of condemnation.

CONDEMNATION LOSS. Should all the Leased Premises be taken in condemnation proceedings or by exercise of any right of eminent domain, then this Lease Agreement shall automatically terminate as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Leased Premises. If there is a partial taking but Tenant continues to occupy the Building in part, the rent shall be reduced in the proportion that the unoccupied part of the Building bears to the entire Building. If, as a result of a partial taking, the Leased Premises are is no longer reasonably usable useable for the purpose(s) purposes specified in Article 3 of this Lease Agreement Lease, then, in a manner consistent with any such case, the use thereof prior to the date of such taking, Tenant may terminate this Lease Agreement as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Leased Premises. If this Lease is not terminated, Landlord will immediately make all repairs necessary to make the Leased Premises complete and tenable, in such circumstances, all Base Rent and Additional Rent and all other amounts payable by giving written notice thereof to Landlord. All damages awarded for any Tenant hereunder shall abate until the Leased Premises are again complete and tenantable anx Xxxant shall only pay Base Rent, Additional Rent and all other amounts payable by Tenant hereunder after such taking shall belong to and be restoration based on the property of Landlord irrespective ratio of the basis upon which they are awarded provided, however, that nothing contained herein shall prevent Tenant from making a separate claim square footage of the Leased Premises after such restoration to the condemning authority square footage of the Leased Premises prior to such taking. The Landlord shall be specifically entitled to all awards for its moving expenses and trade fixtures and other propertycondemnation, so long as such claim does not diminish except in the award available to Landlord and is payable separately case of awards made specifically for loss or damage to Tenant. For purposes of this Article, a taking by eminent domain shall include Landlord’s giving of a deed under threat of condemnation's property or Tenant's relocation expenses.

CONDEMNATION LOSS. Should all the Premises be taken in condemnation proceedings or by exercise of any right of eminent domain, then this Lease Agreement shall automatically terminate as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Premises. If there is a partial taking but Tenant continues to occupy the Building Premises in part, the rent shall be reduced in the proportion that the unoccupied part of the Building Premises bears to the entire BuildingPremises. If, as a result of a partial taking, the Premises are no longer reasonably usable for the purpose(s) specified in Article 3 of this Lease Agreement in a manner consistent with the use thereof prior to the date of such takingAgreement, Tenant may terminate this Lease Agreement as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Premises by giving written notice thereof to Landlord. If there is a partial taking of the Building or of the Parking Area, Landlord may terminate this Lease Agreement as of the date specified in the foregoing sentence by giving written notice thereof to Tenant. All damages awarded for any such taking shall belong to and be the property of Landlord irrespective of the basis upon which they are awarded provided, however, that nothing contained herein shall prevent Tenant from making a separate claim to the condemning authority for its moving expenses and trade fixtures and other property, so long as such claim does not diminish the award available to Landlord and is payable separately to Tenantfixtures. For purposes of this Article, a taking by eminent domain shall include Landlord’s 's giving of a deed under threat of condemnation.

CONDEMNATION LOSS. Should all the Leased Premises be taken in condemnation proceedings or by exercise of any right of eminent domain, then this Lease Agreement shall automatically terminate as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Leased Premises. If there is a partial taking but Tenant continues to occupy the Building in part, the rent shall be reduced in the proportion that the unoccupied part of the Building bears to the entire Building. If, as a result of a partial taking, the Leased Premises are is no longer reasonably usable useable for the purpose(s) purposes specified in Article 3 of this Lease Agreement Lease, then, in a manner consistent with any such case, the use thereof prior to the date of such taking, Tenant may terminate this Lease Agreement as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Leased Premises. If this Lease is not terminated, Landlord will immediately make all repairs necessary to make the Leased Premises complete and tenable, in such circumstances, all Base Rent and Additional Rent and all other amounts payable by giving written notice thereof to Landlord. All damages awarded for any Tenant hereunder shall xxxxx until the Leased Premises are again complete and tenantable and Tenant shall only pay Base Rent, Additional Rent and all other amounts payable by Tenant hereunder after such taking shall belong to and be restoration based on the property of Landlord irrespective ratio of the basis upon which they are awarded provided, however, that nothing contained herein shall prevent Tenant from making a separate claim square footage of the Leased Premises after such restoration to the condemning authority square footage of the Leased Premises prior to such taking. The Landlord shall be specifically entitled to all awards for its moving expenses condemnation of the land, and trade fixtures and other propertyTenant shall receive any awards made specifically for loss or damage to improvements made by Tenant, so long as such claim does not diminish the award available to Landlord and is payable separately to Tenant. For purposes of this Article, a taking by eminent domain shall include Landlord’s giving of a deed under threat of condemnation's property or Tenant's relocation expenses.

CONDEMNATION LOSS. Should all the Premises be taken in condemnation proceedings or by exercise of any right of eminent domain, then this Lease Agreement shall automatically terminate as of the date case the condemning authority or the authority exercising its right of eminent domain takes possession of the Premises. If there is a partial taking but Tenant continues to occupy the Building Premises in part, part the rent shall be reduced in the proportion that the unoccupied part of the Building Premises bears to the entire BuildingPremises. If, If as a result of a partial taking, the Premises are no longer reasonably usable for the purpose(s) specified in Article 3 of this Lease Agreement in a manner consistent with the use thereof prior to the date of such taking, Agreement. Tenant may terminate this Lease Agreement as of the date the condemning authority or the authority exercising exercises its right of eminent domain and takes possession of the Premises by giving written notice thereof to Landlord. If there is a partial taking of the Building or other Parking Area. Landlord may terminate this Lease Agreement as of the date specified in the foregoing sentence by giving written notice thereof to Tenant. All damages awarded for any such taking shall belong to and be the property of Landlord irrespective of the this basis upon which they are awarded provided, however, that nothing contained herein shall prevent Tenant from making a separate claim to the condemning authority for its moving expenses and expenses, trade fixtures and other property, so long as such claim does not diminish the award available to Landlord and is payable separately to Tenant's loss of business. For purposes of this Article, Article a taking by eminent domain shall include Landlord’s 's giving of a deed under threat of condemnation.

CONDEMNATION LOSS. Should all the Premises be taken in condemnation proceedings or by exercise of any right of eminent domain, then this Lease Agreement shall automatically terminate as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Premises. If there is a partial taking but Tenant continues to occupy the Building in part, the rent shall be reduced in the proportion that the unoccupied part of the Building bears to the entire Building. If, as a result of a partial taking, the Premises are no longer reasonably usable for the purpose(s) specified in Article 3 of this Lease Agreement in a manner consistent with the use thereof prior to the date of such taking, Tenant may terminate this Lease Agreement as of the date the condemning authority or the authority exercising its right of eminent domain takes possession of the Premises by giving written notice thereof to Landlord. All damages awarded for any such taking shall belong to and be the property of Landlord irrespective of the basis upon which they are awarded provided, however, that nothing contained herein shall prevent Tenant from making a separate claim to the condemning authority for its moving expenses and trade fixtures and other property, so long as such claim does not diminish the award available to Landlord and is payable separately to Tenant. For purposes of this Article, a taking by eminent domain shall include Landlord’s 's giving of a deed under threat of condemnation.