Eminent Domain or Condemnation. In the event a proceeding in eminent ------------------------------ domain or condemnation is instituted against the Building, or any part thereof, the Master Lease shall either continue or terminate pursuant to Section 21 of ---------- the Master Lease. If the Master Lease terminates, this Sublease shall also terminate. If the Master Lease does not terminate and the Subleased Premises have not been materially affected, then the Sublease shall continue in full force and effect except that the rental payable hereunder shall be reduced to the extent that rent applicable to the Subleased Premises is equitably reduced under the Master Lease. If the Master Lease does not terminate and the Subleased Premises are materially and substantially affected by the proceeding in eminent domain or condemnation, then Sublessee shall have the right to terminate the Sublease. In any event, Sublessee shall not be entitled to any award of damages for Sublessee's interest in the Subleased Premises. Notwithstanding the foregoing, nothing contained herein shall prevent Sublessee from seeking an award against a taking authority for the taking of personal property and fixtures owned by Sublessee or for moving expenses as a result of such taking; provided however, the award sought and received by Sublessee shall not diminish or affect, in whole or in part the award sought by Master Landlord or Sublessor.
Appears in 4 contracts
Samples: Sublease Agreement (Creative Computers Inc), Sublease Agreement (Ubid Inc), Sublease Agreement (Ubid Inc)
Eminent Domain or Condemnation. In the event a proceeding in eminent ------------------------------ domain or condemnation is instituted against the Building, or any part thereof, the Master Lease shall either continue or terminate pursuant to Section 21 of ---------- the Master Lease. If the Master Lease terminates, this Sublease shall also terminate. If the Master Lease does not terminate and the Subleased Premises have not been materially affected, then the Sublease shall continue in full force and effect except that the rental payable hereunder shall be reduced to the extent that rent applicable to the Subleased Premises is equitably reduced under the Master Lease. If the Master Lease does not terminate and the Subleased Premises are materially and substantially affected by the proceeding in eminent domain or condemnation, then Sublessee shall have the right to terminate the Sublease. In any event, Sublessee shall not be entitled to any award of damages for Sublessee's ’s interest in the Subleased Premises. Notwithstanding the foregoing, nothing contained herein shall prevent Sublessee from seeking an award against a taking authority for the taking of personal property and fixtures owned by Sublessee or for moving expenses as a result of such taking; provided however, the award sought and received by Sublessee shall not diminish or affect, in whole or in part the award sought by Master Landlord or Sublessor.
Appears in 2 contracts
Samples: Sublease Agreement (Ecost Com Inc), Sublease Agreement (Ecost Com Inc)
Eminent Domain or Condemnation. In the event a proceeding in eminent ------------------------------ domain or condemnation is instituted against the Building, the Project, or any part thereof, the Master Lease shall either continue or terminate pursuant to Section 21 18 of ---------- the Master Lease. If the Master Lease terminates, this Sublease shall also terminate. If the Master Lease does not terminate and the Subleased Premises have not been materially affected, then the Sublease shall continue in full force and effect except that the rental Rent payable hereunder shall be reduced to the extent that rent applicable to the Subleased Premises Rent is equitably reduced under the Master Lease. If the Master Lease does not terminate and the Subleased Premises are materially and substantially affected by the proceeding in eminent domain or condemnation, then Sublessee shall have the right to terminate the Sublease. In any event, Sublessee Subtenant shall not be entitled to any award of damages for Sublessee's Subtenant’s interest in the Subleased Premises. Notwithstanding the foregoing, nothing contained herein shall prevent Sublessee Subtenant from seeking an award against a taking authority for the taking of personal property and fixtures owned by Sublessee Subtenant or for moving expenses as a result of such taking; provided however, the award sought and received by Sublessee Subtenant shall not diminish or affect, in whole or in part the award sought by Master Landlord or SublessorSublandlord.
Appears in 1 contract
Eminent Domain or Condemnation. In the event a proceeding in eminent ------------------------------ domain or condemnation is instituted against the Building, or any part thereof, the Master Lease shall either continue or terminate pursuant to Section 21 of ---------- the Master Lease. If the Master Lease terminates, this Sublease shall also terminate. If the Master Lease does not terminate and the Subleased Premises have not been materially affected, then the Sublease shall continue in full force and effect except that the rental payable hereunder shall be reduced to the extent that rent applicable to the Subleased Premises is equitably reduced under the Master Lease. If the Master Lease does not terminate and the Subleased Premises are materially and substantially affected by the proceeding in eminent domain or condemnation, then Sublessee shall have the right to terminate the Sublease. In any event, Sublessee shall not be entitled to any award of damages for Sublessee's interest in the Subleased Premises. Notwithstanding the foregoing, nothing contained herein shall prevent Sublessee from seeking an award against a taking authority for the taking of personal property and fixtures owned by Sublessee or for moving expenses as a result of such taking; provided however, the award sought and received by Sublessee shall not diminish or affect, in whole or in part the award sought by Master Landlord or Sublessor.
Appears in 1 contract
Samples: Sublease Agreement (Ecost Com Inc)