Entire or Substantial Taking. If the entire Premises, or so much thereof as to make the balance not reasonably adequate for the conduct of Tenant’s business (notwithstanding restoration by Landlord as herein provided) will be taken under the power of eminent domain, this Lease will automatically terminate on the date the condemning authority takes possession.
Entire or Substantial Taking. If title to all or a substantial portion of the Premises is taken for any public or quasi-public use under any statute or by right of eminent domain, or by purchase in lieu of condemnation, so that a reasonable amount of reconstruction of the Premises will not result in the Premises being reasonably suited for Tenant's continued occupancy for the uses and purposes for which the Premises are leased, this Lease shall terminate as of the date that possession of said Premises, or part thereof, is taken.
Entire or Substantial Taking. If the entire Premises, or so much thereof as to make the balance not reasonably adequate for the conduct of Tenant’s business notwithstanding restoration by Landlord as hereinafter provided, shall be taken under the power of eminent domain, this Lease shall automatically terminate as of the date on which the condemning authority takes possession. If a portion of the Property is taken under the power of eminent domain such that, in Landlord’s reasonable judgment, the remainder cannot be economically operated, Landlord may cancel this Lease on notice to Tenant, regardless of whether or not said taking includes all or part of the Premises. If forty (40%) percent or more of the Property is taken under the power of eminent domain, Tenant may cancel this Lease on notice to Landlord, regardless of whether or not said taking includes all or part of the Premises.
Entire or Substantial Taking. If more than twenty-five percent (25%) of the Premises (notwithstanding restoration by Landlord as herein provided) shall be taken under the power of eminent domain, this Lease shall automatically terminate on the date the condemning authority takes possession.
Entire or Substantial Taking. If more than forty percent (40%) of the Premises or more than forty percent (40%) of the balance of the Shopping Center shall be taken under the power of Eminent Domain, either party shall be entitled to terminate this Lease as of the date on which the condemning authority takes possession.
Entire or Substantial Taking. If the Building or the Shopping Center, or any portion of or interest in either, is taken for any public or quasi-public use under any statute or by right of eminent domain, or by purchase in lieu thereof, so that in the reasonable judgment of Landlord and Tenant a reasonable amount of reconstruction of the Building and/or Shopping Center will not result in the Premises being reasonably suited for Tenant's continued occupancy for the uses and purposes for which the Premises are leased, then this Lease shall terminate as of the date that possession of the Building or Shopping Center, or part thereof, or interest therein is taken.
Entire or Substantial Taking. If all or any "substantial portion" of the Leased Premises shall be taken under the power of eminent domain (sometimes hereinafter referred to as "Condemnation"), Landlord or Tenant shall have the right at its option to terminate this Lease effective on the date the condemning authority takes possession. Upon such termination, Xxxxxx shall surrender possession of the Leased Premises to Landlord. Landlord or Tenant may exercise their termination rights by notifying the other party in writing of its option to terminate the Lease within sixty (60) days following the date on which the parties receive notice of the proposed taking. For purposes of this paragraph, a sale by Landlord to any authority with power of eminent domain, either under threat of Condemnation or while condemnation proceedings are pending, shall be deemed a taking under the power of eminent domain under this paragraph.
Entire or Substantial Taking. If the entire Land, or so much thereof as to make the balance not reasonably adequate for the conduct of Xxxxxx’s business, shall be taken under the power of eminent domain, this Lease shall automatically terminate as of the date on which the condemning authority takes title or possession, whichever shall first occur.
Entire or Substantial Taking. 19 Section 11.02 Partial Taking See Addendum..............................19 Section 11.03 Taking Of Center See Addendum............................19 Section 11.04 Awards See Addendum......................................19 Section 11.05 Sale Under Threat Of Condemnation See Addendum...........20
Entire or Substantial Taking. If title to all of the premises or so much thereof be taken for any public or quasi-public use under any statute by right of eminent domain, or by private purchase in lieu thereof, so as to prevent a reasonable amount of improvement and reasonably suitable for Tenant's continued occupancy for the uses and purposes for which the premises are leased, this lease shall terminate as of the date that possession of said premises, or any part thereof, be taken and rent and other charges shall be adjusted as of such date.
