Common use of Landlord’s Election Clause in Contracts

Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord's sole judgment, feasiblely permit the continuation of the operation of the Project by Xxxxxxxx, then landlord shall have the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking. RIDER NO. 30

Appears in 2 contracts

Samples: Industrial/Business Park Lease (Medicalogic Inc), Industrial/Business Park Lease (Medicalogic Inc)

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Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project Building or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord's sole reasonable judgment, feasiblely feasibly permit the continuation of the operation of the Project Building by XxxxxxxxLandlord, then landlord Landlord shall have hxxx the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking. RIDER NO. 30.

Appears in 2 contracts

Samples: Industrial Lease (Percon Inc), Industrial Lease (Percon Inc)

Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord's sole ’s reasonable judgment, feasiblely feasibly permit the continuation of the operation of the Project Premises by XxxxxxxxLandlord in an economically viable fashion, then landlord Landlord shall have the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking. RIDER NO. 30.

Appears in 2 contracts

Samples: Lease, Lease (Nlight, Inc.)

Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord's ’s sole judgment, feasiblely feasibly permit the continuation of the operation of the Project Premises by XxxxxxxxLandlord, then landlord Landlord shall have the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking. RIDER NO. 30.

Appears in 1 contract

Samples: Business Park Lease (Nlight, Inc.)

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Landlord’s Election. Notwithstanding anything herein to the contrary, if the Project or any portion thereof is taken by Condemnation and the portion taken does not, in Landlord's sole judgment, feasiblely permit the continuation of the operation of the Project by XxxxxxxxLandlord, then txxx landlord shall have the right to terminate this Lease by written notice given within thirty (30) days following the Date of Taking. RIDER NO. 30

Appears in 1 contract

Samples: Industrial/Business Park Lease (Medicalogic Inc)

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