Condemnation of Leased Premises. If the whole of the Leased Premises are taken or condemned under power of eminent domain, then this Lease shall automatically terminate as of the effective date of such taking or condemnation. If a portion (but less than all) of the Leased Premises are taken or condemned under power of eminent domain, and if, in the reasonable opinion of Lessee, such taking or condemnation materially and adversely affects Lessee’s use and operation of the Lessee Assets, then Lessee shall have the right, within 60 days after the effective date of such taking or condemnation, to terminate this Lease by written notice to Lessor.
Condemnation of Leased Premises. (a) If the entire premises, at any time during the term of this lease or any extension thereof, shall be taken by the exercise of a power of eminent domain or under threat thereof, this lease shall then terminate as of the date of title vesting in such proceeding, all rentals shall be paid up to that date and Lessee shall have no claim against Lessor nor the condemning authority for the value of the unexpired term of this lease.
Condemnation of Leased Premises. If the whole of the Leased Premises shall be acquired or condemned by eminent domain for any public or quasi public use or purpose, then the term of this Lease shall cease and terminate as of the date of title vesting in such proceeding, all rentals shall be paid up to that date, and Lessee shall have no claim against Lessor nor the condemning authority for the value of any unexpired term of this Lease. If any part of the Leased Premises shall be acquired or condemned as aforesaid, and in the event such partial taking or condemnation shall render the Leased Premises unsuitable for the business of the Lessee then the term of this Lease shall cease and terminate as of the date of title vesting in such proceeding. Lessee shall have no claim against Lessor nor the condemning authority for the value of any unexpired term of this Lease, and rent shall be adjusted to the date of such termination. In the event of a partial taking or condemnation which is not extensive enough to render the Leased Premises unsuitable for the business of the Lessee this Lease shall continue in full force and effect without any reduction or abatement of rent. In the event of any condemnation or taking as aforesaid, whether whole or partial, the Lessee shall not be entitled to any part of the award paid for such condemnation. Lessor is to receive the full amount of such award, the Lessee hereby expressly waiving any right or claim to any part thereof. Although all of such damages awarded in the event of any condemnation are to belong to the Lessor, whether such damages are awarded as compensation for diminution in value of the Leasehold or to the fee of the Leased Premises. Lessee shall have the right to claim and recover from the condemning authority, but not from the Lessor, such compensation as may be separately awarded or recoverable by Lessee in Lessee's own right on account of any and all damage to Lessee's business by reason of the condemnation and for or on account of any cost or loss to which Lessee might be put in removing Lessee's furniture, fixtures, Leasehold improvements and equipment.
Condemnation of Leased Premises. 20.1 If all of the Premises is taken in a condemnation, eminent domain, or similar proceeding for a public taking or agreement in lieu thereof (a "Taking"), then this Lease shall terminate as of the date that possession is taken.
Condemnation of Leased Premises. In the event that any government, public body, or other condemning authority shall take, or if Landlord shall transfer in lieu of such taking, all or such part of the Leased Premises, Access Easement, or Utility Easement thereby making it physically or financially infeasible for the Leased Premises to be used in the manner intended by this Lease, Tenant shall have the right to terminate this Lease effective as of the date of the taking by the condemning party and the rental shall be prorated appropriately. However, if only a portion of the Leased Premises, Access Easement, or Utility Easement is taken, and Tenant does not elect to terminate this Lease under this provision, then rental payments provided under this Lease shall xxxxx proportionally as to the portion taken which is not then usable by Tenant. Landlord shall make all necessary repairs and alterations to restore the portion of the Leased Premises remaining to as near its former condition as circumstances will permit (at a cost not to exceed Landlord's proceeds from said condemnation or transfer), and this Lease shall continue.
Condemnation of Leased Premises. If more than fifty percent (50%) of the demised building or the parking area shall be appropriated and taken for any public use by virtue of eminent domain or condemnation proceedings, Tenant, upon such taking, shall have the right to terminate this lease by written notice to Landlord given within fifteen (15) days of such taking, and rental shall be paid only to the time that such taking occurs or Tenant surrenders possession of the leased premises to Landlord, whichever be the later event; or, in the event of partial appropriation as aforesaid, Tenant may elect to continue in possession of that part of the leased premises not so appropriated with all terms and conditions of this Lease remaining applicable. By remaining in possession of the leased premises for as much as ninety (90) days after such taking, Tenant shall be deemed to have waived all such right to terminate even though such notice of termination may have been given to Landlord.
Condemnation of Leased Premises. If more than twenty-five percent (25%) of the Leased Premises shall be taken or acquired by any public or quasi-public authority under the power or threat of eminent domain (a "Public Taking"), Landlord and Tenant shall each have the option to terminate this Lease as of the date possession shall be taken by such public or quasi-public authority by giving the other party written notice of termination within thirty (30) days after notice of a Public Taking. If either shall exercise such option, the Lease Term shall cease as of the day possession shall be taken by such public or quasi-public authority, and Tenant shall pay rental up to that date with an appropriate refund by Landlord of such rental as may have been paid in advance for any period subsequent to the date possession is taken. In the event that neither Landlord nor Tenant exercises the option to terminate pursuant to this Section, then this Lease shall continue in full force and effect, including without limitation, payment of all rental and other amounts payable hereunder without abatement, apportionment or pro-ration.
Condemnation of Leased Premises. If the federal or any state government or agency or instrumentality of any of them takes the whole of the Leased Premises for any public or quasi-public use under any statute or regulation relating to eminent domain, condemnation or by purchase in lieu thereof, or if some part of the Leased Premises is so taken and the part not taken does not suffice for Lessee to reasonably operate the business for which the premises have been leased, then this Lease shall come to an end as to the Leased Premises when Lessee loses possession of all or of such part of the Leased Premises. If such Lease is so terminated, Lessee shall have no claim against Lessor for any loss or damage and in particular, without limitation, no claim for the value of any unexpired term of the Leased Premises. Lessee shall make all payments and reimbursements to Lessor to the period ending with the date on which Lessee so loses possession of the Leased Premises, or of such part of them. If the taking referred to above affects only such a part of the Leased Premises so that Lessee reasonably can continue to operate the business within the scope of this Lease, such taking shall not affect this Lease. If this Lease so survives any such taking, Lessee shall repair, replace or restore such part of the Leased Premises not taken to as nearly its condition and/or business purpose before the taking as the circumstances reasonably permit.
Condemnation of Leased Premises. If the Leased Premises shall be condemned or taken by eminent domain by any authority having the right of eminent domain, or purchased by such authority in lieu of condemnation of said premises, then the term of this Lease shall cease and terminate as of the date title vests in the condemnor, and all rents shall be paid up to such date and any unearned rent paid in advance by Lessee shall be refunded to it, provided, however, Lessee shall thereafter have no claim against Lessor for the value of any unexpired term of the Lease. Lessee shall have no interest in any award resulting from any condemnation, except for such items in the award which may have been installed and paid for by Lessee and for which items Lessee has not been reimbursed by Lessor and moving expenses and any other property or interest of Lessee taken by condemnor.
Condemnation of Leased Premises. If all or any part of the whole of the Leased Premises shall be taken or acquired by any public or quasipublic authority under the power or threat of eminent domain, the Lease Term shall cease as to the part taken as of the day possession shall be taken by such public authority. If the part of the Leased Premises so taken leaves space no longer suitable for the conduct of Tenant's business, then the Lease Term shall cease and Tenant shall pay rent up to the day possession is taken. If more than twenty-five (25%) percent of the floor area of the building in which the Leased Premises are located, or more than twenty-five (25%) percent of that portion of the Common Area from time to time designated by Landlord as common parking areas, shall be taken under the power of eminent domain, Landlord may terminate this Lease and rent shall be paid or refunded as of the date of termination.
