Common use of Condemnation of the Premises Clause in Contracts

Condemnation of the Premises. In the event that title to all or any material part of the Premises shall be taken for any public or quasi-public use under any statute or right of eminent domain, or by private purchase in lieu thereof, either party may terminate this Lease on the date of transfer of such title.

Appears in 17 contracts

Samples: Lease Agreement, Lease Agreement (New Abraxis, Inc.), Lease Agreement (APP Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!