Common use of Constructive Taking of Entire Premises Clause in Contracts

Constructive Taking of Entire Premises. In the event of a taking of a material part of but less than all of the Building, where Landlord shall reasonably determine that the remaining portions of the Premises cannot be economically and effectively used by it (whether on account of physical, economic, aesthetic or other reasons), or if, in the opinion of Landlord, the Building should be restored in such a way as to alter the Premises materially, Landlord shall forward a written notice to Tenant of such determination not more than sixty (60) days after the date of taking. The term of this Lease shall expire upon such date as Landlord shall specify in such notice but not earlier than the taking of possession pursuant to the taking.

Constructive Taking of Entire Premises. In the event of a taking of a material part of but less than all of the Building, where Landlord shall reasonably determine that the remaining portions of the Premises cannot be economically and effectively used by it (whether on account of physical, economic, aesthetic or other reasons), or if, in the opinion of Landlord, the Building should be restored in such a way as to alter the Premises materially, Landlord shall forward a written notice to Tenant of such determination not more than sixty (60) days after the date of taking. The term of this Lease shall expire upon such date as Landlord shall specify in In such notice but not earlier than sixty (60) days after the taking date of possession pursuant to the takingsuch notice.

Constructive Taking of Entire Premises. In the event of a taking of a material part of but less than all of the BuildingBuildings, where Landlord shall reasonably determine that the remaining portions of the Premises Buildings cannot be economically and effectively used by it (whether on account of physical, economic, aesthetic or other reasons), ) or if, in where Landlord determines the opinion of Landlord, the Building Buildings should be restored in such a way as to materially alter the Premises materiallyPremises, Landlord shall forward a written notice to Tenant of such determination not more than sixty (60) days after the date of taking. The term of this Lease shall expire upon such date as Landlord shall specify in such notice but not earlier than sixty (60) days after the date of such notice. In the event of a taking of possession pursuant a material part, but less than all, of the Premises, Tenant shall have the right to terminate this Lease as of the date of such taking.