Common use of Effect of Total Condemnation Clause in Contracts

Effect of Total Condemnation. In the event the entire demised premises shall be appropriated or taken under the power of eminent domain by any public or quasi-public authority, this Lease shall terminate and expire as of the date of such taking, and Tenant shall thereupon be released from any liability thereafter accruing hereunder.

Appears in 1 contract

Samples: Triple Net Lease (Waters Instruments Inc)

AutoNDA by SimpleDocs

Effect of Total Condemnation. In the event the entire demised premises Demised Premises ---------------------------- shall be appropriated or taken under the power of eminent domain by any public or quasi-public authority, this Lease shall terminate and expire as of the date of such taking, and Tenant Lessee shall thereupon be released from any liability thereafter accruing hereunder.

Appears in 1 contract

Samples: Ground Lease (Cost U Less Inc)

AutoNDA by SimpleDocs

Effect of Total Condemnation. In the event the entire demised premises Premises and improvements thereon shall be appropriated or taken under the power of eminent domain by any public or quasi-public authority, this Lease shall terminate and expire as of the date of such taking, and Tenant Lessee shall thereupon then be released from any liability thereafter accruing hereunderunder this Lease.

Appears in 1 contract

Samples: Ground Lease

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