Common use of Effect of Taking Clause in Contracts

Effect of Taking. If there is a taking, the Lease terminates proportionate to the extent of the taking. If this Lease terminates in whole or in part, Tenant shall make all payments due and attributable to the taken Property up to the date of taking. If Tenant has pre-paid rent and Tenant is not in default of the Lease, State shall refund Tenant the pro rata share of the pre-paid rent attributable to the period after the date of taking.

Appears in 5 contracts

Samples: www.portofillahee.com, mccmeetingspublic.blob.core.usgovcloudapi.net, meetings.portseattle.org

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.