Entire Taking. If all of the Premises or such portions of the Building as may be required for the reasonable use of the Premises, are taken by eminent domain, this Lease shall automatically terminate as of the date title vests in the condemning authority and all Rent, Additional Rent and other payments shall be paid to that date.
Entire Taking. If the entire Premises or the portions of the Building required for reasonable access to, or the reasonable use of, the Premises are taken by eminent domain, this Lease shall automatically end on the earlier of:
(i) the date title vests; or
(ii) the date Tenant is dispossessed by the condemning authority.
Entire Taking. If all of the Premises or such portions of the Building as may be required for the reasonable use of the Premises are taken by eminent domain, this Lease shall automatically terminate as of the date title vests in the condemning authority. In the event of a taking of a material part of but less than all of the Building, where Landlord shall determine that the remaining portions of the Building cannot be economically and effectively used by it (whether on account of physical, economic, aesthetic or other reasons) or where Landlord determines the Building should be restored in such a way as to materially alter the Premises, Landlord shall forward a written notice to Tenant of such determination not more than sixty (60) days after the date of taking. The term of this Lease shall expire upon such date as Landlord shall specify in such notice but not earlier than sixty (60) days after the date of such notice.
Entire Taking. In the event that the entire Sublease Premises are condemned by any proper authority, including a taking by inverse condemnation, this Sublease shall terminate as of the date of the taking and the entire award shall be paid to the Borough except the Sublessee shall be paid the part of the award which has been expressly set aside for tenant improvements and fixtures which the Sublessee is entitled to remove upon the termination of this Sublease. The Sublessee shall not be compensated for consequential or severance damages including business damage, claims for lost profits or subleasehold advantage.
Entire Taking. If all of the Leased Premises shall be taken in condemnation proceedings, this Lease shall terminate as of the taking and the minimum rent and additional rent shall be paid to the date of such termination. Lessor shall give Lessee a proportionate refund of any rent paid in advance.
Entire Taking. If substantially all of the Demised Premises shall be taken in condemnation proceedings, this Lease shall terminate as of the taking.
Entire Taking. 22 22.2 Constructive Taking of Entire Premises.......................... 22 22.3
Entire Taking. In the event of any taking of the nature covered by Subparagraph 16.1 above, all compensation and damages for the taking shall be paid in accordance with the following priorities:
(A) Lessee shall receive the value of the leasehold estate under this Lease plus the unamortized value of any improvements or alterations made by Lessee upon the Premises; and
(B) Lessor shall receive the balance of such compensation or damages.
Entire Taking. If the whole of the Hotel, or such portion thereof as shall render the remaining portion of the Hotel unsuitable for use as a hotel conforming to the Hotel Standard, shall be taken or condemned in any eminent domain, condemnation, compulsory acquisition, expropriation, or like proceeding (including conveyances or transfers in lieu thereof) by any competent authority for any public or quasi-public use or purpose, Owner or Hyatt may terminate this Agreement upon 90 days’ notice to the other Party. Hyatt shall have the right to institute or intervene in any available legal or similar proceedings, on its own behalf and as applicable on behalf of its Affiliates, to determine fair compensation for such taking or condemnation for the purpose of representing Hyatt’s, and its Affiliates’, compensable interest in any award. Any award made to Owner that does not recognize the separate compensable interest of Hyatt and its Affiliates shall be apportioned between the Owner, and Hyatt and its Affiliates, on a fair and equitable basis.
Entire Taking. If all the Rangers Complex shall be taken in Condemnation Proceedings, this Lease shall terminate as of the Taking and the Rental shall be paid to the date of such termination; provided, however such termination shall not affect Tenant’s rights to recovery of any separate award or portion of lump sum awards as Tenant may be allocated for its leasehold interests hereunder or other interests, as otherwise provided herein. Landlord shall give Tenant a proportionate refund of any Rental paid for periods after the date of such termination.
