Common use of Event of Taking Clause in Contracts

Event of Taking. Any event (i) which constitutes a Condemnation of all of, or substantially all of, a Leased Property, or (ii) (A) which would otherwise constitute a Condemnation, (B) which, in the good-faith judgment of the related Lessee, renders restoration and rebuilding of a Leased Property impossible or impractical, or requires repairs to a Leased Property that would cost in excess of 50% of the original cost of such Leased Property, and (C) as to which such Lessee, within sixty (60) days after the occurrence of such event, delivers to Lessor an Officer's Certificate notifying Lessor of such event and of such judgment, shall constitute an "Event of Taking". In the case of any other event which constitutes a Condemnation, the related Lessee shall restore and rebuild such Leased Property pursuant to Section 10.

Event of Taking. Any event (i) which constitutes a --------------- Condemnation of all of, or substantially all of, a the Leased Property, or (ii) (A) which would otherwise constitute a Condemnation, (B) which, in the good-good faith judgment of the related Lessee, renders restoration and rebuilding of a the Leased Property impossible or impractical, or requires repairs to a the Leased Property that would cost in excess of fifty percent (50% %) of the original cost of such the Leased Property, and (C) as to which such the Lessee, within sixty (60) days after the occurrence of such event, delivers to the Lessor an Officer's Certificate notifying the Lessor of such event and of such judgment, shall constitute an "Event of -------- Taking". In the case of any other event which constitutes a ------ Condemnation, the related Lessee shall restore and rebuild such the Leased Property pursuant to Section 10.