Common use of Over Certain Percentage Taken Clause in Contracts

Over Certain Percentage Taken. In the event thirty percent (30%) or more of the area of the demised premises shall be taken for a public or quasi-public use, this Lease shall terminate as of the date of the actual physical taking, and the parties shall thereupon be released from any and all further liability hereunder.

Appears in 4 contracts

Samples: Professional Building Lease (Moore Solutions Inc), Lease (Moore Solutions Inc), Professional Building Lease (Moore Solutions Inc)

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Over Certain Percentage Taken. In the event thirty twenty-five percent (3025%) or more of the area of the demised premises shall be taken for a public or quasi-public use, use this Lease shall terminate as of the date of the actual physical taking, and the parties shall thereupon be released from any and all further liability hereunder.

Appears in 1 contract

Samples: Lease (International Telecommunication Data Systems Inc)

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