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Common use of Damage, Destruction or Condemnation Clause in Contracts

Damage, Destruction or Condemnation. In the event of damage or destruction of the Subleased Premises or the taking of all or any part thereof under the power of eminent domain, this Sublease shall terminate if, but only if, the Prime Lease is terminated as a result thereof, and the rent payable hereunder shall xxxxx only as long as and in the same proportion as the rent due from Sublessor to Landlord under the Prime Lease abates as a result thereof.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Bison Instruments Inc), Lease Termination Agreement (Bison Instruments Inc), Lease Termination Agreement (Bison Instruments Inc)

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Damage, Destruction or Condemnation. In the event of damage or destruction of the Subleased Premises or the taking of all or any part thereof under the power of eminent domain, this Sublease shall will terminate if, but only if, if the Prime Lease is terminated as a result thereof, and the rent Rent payable hereunder shall will xxxxx only for as long as and in the same proportion as the rent Rent due from Sublessor Sublandlord to Landlord under the Prime Lease abates as a result thereof. If this Sublease is not so terminated, the provisions of the Lease with regard to restoration of the Subleased Premises shall control.

Appears in 2 contracts

Samples: Sublease Agreement (Decibel Therapeutics, Inc.), Sublease Agreement (Decibel Therapeutics, Inc.)

Damage, Destruction or Condemnation. In the event of damage or destruction of the Subleased Premises or the taking of all or any part thereof under the power of eminent domain, this Sublease shall terminate if, but only if, if the Prime Lease is terminated as a result thereof, and the rent payable hereunder shall xxxxx axxxx only as long as and in to the same proportion as extent that the rent due from Sublessor to Landlord under the Prime Lease abates as a result thereof.from

Appears in 1 contract

Samples: Sublease Agreement (Veraz Networks, Inc.)

Damage, Destruction or Condemnation. In the event of damage or destruction of the Subleased Premises or the taking of all or any part thereof under the power of eminent domain, this Sublease shall terminate if, but only if, if the Prime Lease is terminated as a result thereof, and the rent payable hereunder shall xxxxx only for as long as and in the same proportion as the rent due from Sublessor Integ to Landlord under the Prime Lease abates as a result thereof.

Appears in 1 contract

Samples: Sublease Agreement (Integ Incorp)

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Damage, Destruction or Condemnation. In the event of damage or destruction of the Subleased Premises or the taking of all or any part thereof under the power of eminent domain, this Sublease shall terminate if, but only if, if the Prime Lease is terminated as a result thereof, and the rent payable hereunder shall xxxxx only for as long as and in the same proportion as the rent due from Sublessor Sublandlord to Landlord under the Prime Lease abates as a result thereof.

Appears in 1 contract

Samples: Sublease Agreement (Advisors REIT I, Inc.)

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