Common use of Eminent Domain or Condemnation Clause in Contracts

Eminent Domain or Condemnation. In the event that all or any part of the demised Premises shall be taken or conveyed under the power of eminent domain or threat thereof, the term of this Lease shall terminate as to the part so taken effective as of the date possession shall be required to be delivered, and rent shall be proportionately abated. Should the taking be so extensive as to affect Tenant’s continuance in business on the Premises, then Tenant shall have the option of terminating this Lease as of that time. Any and all payments received from such taking or conveyance representing the value of the land and the improvements located thereon shall inure to the benefit of and be the property of Landlord, except for improvements constructed by Tenant. In the event of a threatened taking or conveyance, Tenant shall be entitled independently to pursue any remedies it may have against the taking authority concerning its property, including loss of property or profits.

Eminent Domain or Condemnation. In the event that all or any part of the demised Premises shall be taken or conveyed under the power of eminent domain or threat thereof, the term of this Lease shall terminate as to the part so taken effective as of the date possession shall be required to be delivered, and rent shall be proportionately abated. Should the taking be so extensive as to affect Tenant’s Tenants continuance in business on the Premises, then Tenant shall have the option of terminating this Lease as of that time. Any and all payments received from such taking or conveyance representing the value of the land and the improvements located thereon shall inure to the benefit of and be the property of Landlord, except for improvements constructed by Tenant. In the event of a threatened taking or conveyance, Tenant shall be entitled independently to pursue any remedies it may have against the taking authority concerning its property, including loss of property or profits.

Eminent Domain or Condemnation. In the event that all or any part of the demised Premises shall be taken or conveyed under the power of eminent domain or threat thereof, the term of this Lease shall terminate as to the part so taken effective as as, of the date possession shall be required to be delivered, and rent shall be proportionately abated. Should the taking be so extensive as to affect Tenant’s continuance in business on the Premises, then Tenant shall have the option of terminating this Lease as of that time. Any and all payments received from such taking or conveyance representing the value of the land and the improvements located thereon shall inure to the benefit of and be the property of Landlord, except for improvements constructed by Tenant. In the event of a threatened taking or conveyance, Tenant shall be entitled independently to pursue any remedies it may have against the taking authority concerning its property, including loss of property or profits.

Eminent Domain or Condemnation. In the event that all or any part of the demised Premises shall be taken or conveyed under the power of eminent domain or threat thereof, the term of this Lease shall terminate as to the part so taken effective as of the date possession shall be required to be delivered, and rent shall be proportionately abated. Should the taking be so extensive as to affect Tenant’s continuance in business on the Premises, then Tenant shall have the option of terminating this Lease as of that time. Any and all payments received from such taking or conveyance representing the value of the land and the improvements located thereon shall inure to the benefit of and be the property of Landlord, except for improvements constructed by Tenant. , In the event of a threatened taking or conveyance, Tenant shall be entitled independently to pursue any remedies it may have against the taking authority concerning its property, including loss of property or profits.

Eminent Domain or Condemnation. In the event that all or any part of the demised Premises shall be taken or conveyed under the power of eminent domain or threat thereof, the term of this Lease shall terminate as to the part so taken effective as of the date possession shall be required to be delivered, and rent shall be proportionately abated. Should the taking be so extensive as to affect Tenant’s continuance in business on the Premises, then Tenant shall have the option of terminating this Lease as of that time. Any and all payments received from such taking or conveyance representing the value of the land and the improvements located thereon shall inure to the benefit of and be the property of Landlord, except for improvements constructed by Tenant. In the event of a threatened taking or conveyance, Tenant shall be entitled independently to pursue any remedies it may have against the taking authority concerning its it property, including loss of property or profits.