Common use of Entire or Substantial Taking Clause in Contracts

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.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Usa Truck Inc), Stock Purchase Agreement (Covenant Transportation Group Inc)

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Entire or Substantial Taking. If the entire Premises, or so much thereof as to make the balance not reasonably adequate adequate, as determined by the tenant, for the conduct of Tenant’s business (notwithstanding restoration by Landlord as herein provided) will shall be taken under the power of eminent domain, this Lease will lease shall automatically terminate on the date the condemning authority takes possession.

Appears in 1 contract

Samples: Commercial Lease

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 ('s business, notwithstanding restoration by Landlord as herein hereinafter provided) will , shall be taken under the power of eminent domain, this Lease will shall automatically terminate on as of the date on which the condemning authority takes title or possession, whichever first occurs. A taking of any portion of the Building under power of eminent domain shall confer upon Landlord the option to terminate this Lease. Such option shall be exercised within thirty (30) days after such taking.

Appears in 1 contract

Samples: Lease Agreement (ADVANCED MEDICAL ISOTOPE Corp)

Entire or Substantial Taking. If the entire Premises, or so much such portion thereof as to make the balance not reasonably adequate for the conduct of Tenant’s business ('s business, notwithstanding restoration by Landlord as herein hereinafter provided) will , shall, be taken under the power of eminent domain, this Lease will shall automatically terminate on as of the date of which the condemning authority takes possessiontake title or possession on whichever first occurs.

Appears in 1 contract

Samples: Assignment of Lease (Network Holdings International Inc)

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Entire or Substantial Taking. If the entire Premisespremises, or so much thereof as to make the balance not reasonably adequate for the conduct of TenantLessee’s business (notwithstanding restoration by Landlord as herein provided) will business, shall be taken under the power of eminent domain, this Lease will lease shall automatically terminate on as of the date on which the condemning authority takes possession.

Appears in 1 contract

Samples: Lease (Coastal Financial Corp)

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 's business (notwithstanding restoration by Landlord as herein hereinafter provided) will , shall be taken under the power of eminent domainEminent Domain, this Lease will shall automatically terminate on as of the date on which the condemning authority takes possession.

Appears in 1 contract

Samples: Valley Bancorp

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