Common use of Entire Taking Clause in Contracts

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.

Appears in 5 contracts

Samples: Land Terminal Sublease & Airline Operating Agreement, Land Terminal Sublease & Airline Operating Agreement, Land Terminal Sublease & Airline Operating Agreement

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