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.
Appears in 3 contracts
Samples: HTM Lease Agreement, Business Lease (Urban-Gro, Inc.), Business Lease (Urban-Gro, Inc.)
Condemnation of Leased Premises. (a) If the entire premisesLeased Premises, at any time during the term of this lease Lease or any extension thereof, shall be taken by the exercise of a power of eminent domain or under threat thereof, this lease 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 leaseLease.
Appears in 1 contract
Samples: Business Lease (RD&G Holdings Corp)
