Effect on Rent. If any portion of the Leased Premises is taken by condemnation and this Lease remains in full force and effect, on the date of taking the Base monthly rent shall be reduced by an amount that is in the same ratio to Base monthly rent as the total number of square feet in the Leased Premises taken bears to the total number of square feet in the Leased Premises immediately before the date of taking.
Appears in 2 contracts
Samples: Lease Agreement (MKS Instruments Inc), Lease Agreement (MKS Instruments Inc)
Effect on Rent. If any portion of the Leased Premises is taken by condemnation and this Lease remains in full force and effect, on the date of taking the Base minimum monthly rent shall be reduced by an amount that is in the same ratio to Base base monthly rent as the total number of square feet in the Leased Premises taken bears to the total number of square feet in the Leased Premises immediately before the date of taking.
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Effect on Rent. If any portion of the Leased Premises is taken by condemnation Condemnation and this Lease remains in full force and effect, on the date Date of taking Taking the Base monthly rent Annual Rent shall be reduced by an amount that is in the same ratio to Base monthly rent Annual Rent as the total number value of square feet in the Leased area of the portion of the Premises taken bears to the total number value of square feet in the Leased Premises immediately before the date Date of takingTaking.
Appears in 1 contract
Samples: Office Lease (Community Bancorp Inc)
Effect on Rent. If any portion of the Leased Premises is taken by condemnation and this Lease remains in full force and effect, on the date of taking the Base base monthly rent shall be reduced by an amount that is in the same ratio to Base base monthly rent as the total number of square feet in the Leased Premises taken bears to the total number of square feet in the Leased Premises immediately before the date of taking.
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Effect on Rent. If any portion of the Leased Premises is taken by condemnation and this Lease remains in full force and effect, on the date of taking taking, the Base monthly rent shall be reduced by an amount that is in the same ratio to Base monthly rent as the total number value of square feet in the Leased area of the portion of the Premises taken bears to the total number value of square feet in the Leased Premises immediately before the date of taking.
Appears in 1 contract
Samples: Lease Agreement
