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 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 Premises in part the rent shall be reduced in the proportion that the unoccupied part of the Premises bears to the entire Premises. If as a result of a partial taking, the Premises are no longer usable for the purpose(s) specified in Article 3 of this Lease Agreement. Tenant may terminate this Lease Agreement as of the date the condemning authority or the authority 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 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, trade fixtures and Tenant's loss of business. 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 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 case 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 Premises Building in part part, the rent shall be reduced in the proportion that the unoccupied part of the Premises Building bears to the entire PremisesBuilding. 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. 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 exercises exercising 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 this 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, 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's loss of business. For purposes of this Article Article, a taking by eminent domain shall include Landlord'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 case 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 Premises Building in part part, the rent shall be reduced in the proportion that the unoccupied part of the Premises Building bears to the entire PremisesBuilding. 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. 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 exercises exercising 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 this 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, 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'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 case 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 Premises in part part, the rent shall be reduced in the proportion that the unoccupied part of the Premises bears to the entire Premises. If If, as a result of a partial taking, the Premises are no longer usable for the purpose(s) specified in Article 3 of this Lease Agreement. , Tenant may terminate this Lease Agreement as of the date the condemning authority or the authority exercises exercising 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 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 this 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, expenses and trade fixtures and Tenant's loss of businessfixtures. For purposes of this Article Article, a taking by eminent domain shall include Landlord's giving of a deed under threat of condemnation.