Common use of Landlord’s Option to Terminate Clause in Contracts

Landlord’s Option to Terminate. Notwithstanding anything to the contrary contained in this Lease, if part of the Premises is taken by any public authority under the power of eminent domain, Landlord shall have the right to terminate this Lease upon the occurrence of any of the following and upon written notice given to Tenant not later than ninety (90) days after commencement of condemnation proceedings against the Premises (or, if such proceedings are not commenced, not later than fourteen (14) days before Landlord delivers possession of the part so taken by such public authority):

Appears in 3 contracts

Samples: Lease (Brooks Automation Inc), Lease (Brooks Automation Inc), Pri Automation Inc

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Landlord’s Option to Terminate. Notwithstanding anything to the contrary contained in this Lease, if part of the Leased Premises is taken by any public authority under the power of eminent domain, Landlord shall have the right to terminate this Lease upon the occurrence of any of the following and upon written notice given to Tenant not later than ninety (90) 60 days after commencement of condemnation proceedings against the Premises Land and/or Building (or, if such proceedings are not commenced, not later than fourteen (14) 14 days before Landlord delivers possession of the part so taken by such public authority):

Appears in 1 contract

Samples: Connectivity Technologies Inc

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