Common use of Entire Taking Clause in Contracts

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.

Appears in 2 contracts

Samples: Sublease (Marchex Inc), Lease Agreement (Rivals Com Inc)

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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.

Appears in 1 contract

Samples: Lease Agreement (Immunex Corp /De/)

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 Term 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.

Appears in 1 contract

Samples: Office Lease Agreement (Drugstore Com Inc)

Entire Taking. If all of the Premises or such portions of the either Building as may be required for the reasonable use of the Premises are such Building is taken by eminent domain, this Lease shall automatically terminate with respect to such Building 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 a Building, where Landlord shall determine that the remaining portions of the Building cannot be economically and effectively used by it for its then current purposes (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, either Landlord shall or Tenant may forward a written notice to Tenant of such determination the other not more than sixty (60) days after the date of takingtaking of such parties' election to terminate this Lease. The term of this Lease shall expire with respect to such Building upon such date as Landlord shall specify specified in such notice but not earlier than sixty (60) days after the date of such notice.

Appears in 1 contract

Samples: Lease Agreement (Stuart Entertainment Inc)

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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 would 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.

Appears in 1 contract

Samples: Lease Agreement (Pyramid Breweries Inc)

Entire Taking. If all of the Premises or of 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.

Appears in 1 contract

Samples: Lease Agreement (Infoseek Corp /De/)

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