Common use of Effect on Lease Clause in Contracts

Effect on Lease. If the entire Premises is condemned, this Lease shall terminate as of the earlier of such taking or loss of possession. If only a part of the Premises is condemned and taken and the remaining portion thereof is in Tenant’s reasonable discretion not suitable for purposes for which Tenant has leased the Premises, either Landlord or Tenant shall have the option to terminate this Lease effective as of the earlier of such taking or loss of possession. If by such condemnation and taking only a part of the Premises is taken, and the remaining part thereof is in Tenant’s reasonable discretion suitable for the purposes for which Tenant has leased the Premises, this Lease shall continue, but the rental shall be reduced in an amount proportionate to the percentage that the floor area of that portion of the Premises physically taken by eminent domain bears to the floor area of the entire Premises.

Effect on Lease. If the entire Premises Property is condemned, this Lease shall terminate as of the earlier of such taking or loss of possession. If only a part of the Premises Property is condemned and taken taken, then Landlord and Tenant shall cooperate to determine whether the remaining portion thereof is in significantly interferes with Tenant’s reasonable discretion not suitable for purposes for which Tenant has leased business and use of the Premises, either Landlord or and if so, Tenant shall have the option to terminate this Lease effective as of the earlier of such taking or loss of possession. If by such condemnation and taking only a part of the Premises Property is taken, and the remaining part thereof is in Tenant’s reasonable discretion suitable for the purposes for which Tenant has leased the PremisesProperty, this Lease shall continue, but the rental Base Rent shall be reduced in an amount proportionate to the percentage that the floor area of that portion of the Premises Property physically taken by eminent domain bears to the floor area of all the entire PremisesBuilding located on the Property.

Effect on Lease. If the entire Premises Property is condemned, this Lease shall terminate as of the earlier of such taking or loss of possession. If only a part of the Premises Property is condemned and taken and the remaining portion thereof is in Tenant’s reasonable discretion not suitable for purposes for which Tenant has leased the PremisesProperty, either Landlord or Tenant shall have the option to terminate this Lease effective as of the earlier of such taking or loss of possession. If by such condemnation and taking only a part of the Premises Property is taken, and the remaining part thereof is in Tenant’s reasonable discretion suitable for the purposes for which Tenant Xxxxxx has leased the PremisesProperty, this Lease shall continue, but the rental shall be reduced in an amount proportionate to the percentage that the floor area of that portion of the Premises Property physically taken by eminent domain bears to the floor area of the entire PremisesProperty.

Effect on Lease. If the entire Premises is are condemned, this Lease shall terminate as of the earlier of such taking or loss of possession. If only a part of the Premises is condemned and taken and the remaining portion thereof is in TenantLandlord’s reasonable discretion not suitable for purposes for which Tenant has leased the Premises, either Landlord or Tenant shall have the option to terminate this Lease effective as of the earlier of such taking or loss of possession. If by such condemnation and taking only a part of the Premises is taken, and the remaining part thereof is in TenantLandlord’s reasonable discretion suitable for the purposes for which Tenant has leased the Premises, this Lease shall continue, but the rental Rent shall be reduced in an amount proportionate to the percentage that the floor area of that portion of the Premises physically taken by eminent domain bears to the floor area of the entire Premises.

Effect on Lease. If the entire Premises is are condemned, this Lease shall terminate as of the earlier of such taking or loss of possession. If only a part of the Premises is condemned and taken and the remaining portion thereof is is, in Tenant’s reasonable discretion discretion, not suitable for purposes for which Tenant has leased the Premises, either Landlord or Tenant shall have the option to terminate this Lease effective as of the earlier of such taking or loss of possession. If by such condemnation and taking only a part of the Premises is taken, and the remaining part thereof is is, in Tenant’s reasonable discretion discretion, suitable for the purposes for which Tenant has leased the Premises, this Lease shall continue, but the Base Rent, Tenant’s Office Share and Tenant’s Industrial Share rental shall be reduced in an amount proportionate to the percentage that the floor area of that portion of the Premises physically taken by eminent domain bears to the floor area of the entire Premises.

Effect on Lease. If the entire Premises Property is condemned, this Lease shall terminate as of the earlier of such taking or loss of possession. If only a part of the Premises is Buildings are condemned and taken and the remaining portion thereof is in Tenant’s reasonable discretion not suitable for purposes for which Tenant has leased the PremisesProperty, either Landlord or Tenant shall have the option to terminate this Lease effective as of the earlier of such taking or loss of possession. If by such condemnation and taking only a part of the Premises is Buildings are taken, and the remaining part thereof is in Tenant’s reasonable discretion suitable for the purposes for which Tenant has leased the PremisesProperty, this Lease shall continue, but the rental shall be reduced in an amount proportionate to the percentage that the floor area of that portion of the Premises Buildings physically taken by eminent domain bears to the floor area of all of the entire PremisesBuildings.