Common use of Condemnation of Premises Clause in Contracts

Condemnation of Premises. In the event that all or substantially all of the Premises are taken or condemned or sold in lieu thereof or Tenant will be unable to use a substantial portion of the Premises for a period exceeding two hundred seventy (270) consecutive days by reason of a temporary taking, either Landlord or Tenant may terminate this Lease by delivering written notice thereof to the other within ten (10) business days after the taking, condemnation or sale in lieu thereof.

Appears in 3 contracts

Samples: Commercial Lease Agreement (RxSight, Inc.), Commercial Lease Agreement (Tm Century Inc), Commercial Lease Agreement (Natural Health Trends Corp)

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Condemnation of Premises. In the event that all or substantially all of the Premises are taken or condemned or sold in lieu thereof or Tenant will be unable to use a substantial portion of the Premises for a period exceeding two hundred seventy ten (270210) consecutive days by reason of a temporary taking, either Landlord or Tenant may terminate this Lease by delivering written notice thereof to the other within ten (10) business days after the taking, condemnation or sale in lieu thereof.

Appears in 1 contract

Samples: Commercial Lease Agreement (Medstone International Inc/)

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