Partial Permanent Sample Clauses
Partial Permanent. In the event of a taking of less than the entire Premises, Tenant shall have the option (exercisable by written notice to Landlord at any time within thirty (30) days after the taking of possession under any such proceeding) to terminate this Lease as of the Taking Date if (i) the area of the Premises taken eliminates Tenant’s ability to operate in accordance with the Use; or (ii) the gross floor area of the Buildings is reduced by more than twenty percent (20%). In the event that there is a taking of any portion of the Premises and this Lease is not terminated pursuant to this Section 16(b), Base Rent shall be proportionately reduced by the ratio of the total square feet of the Buildings taken to the total square footage of the Buildings before the taking.
Partial Permanent. In the event of a taking of less than the entire Property or, in the judgment of Tenant, less than a substantial portion as would render the balance of the Property not suitable for Tenant's use, Tenant shall be entitled to a reduction of Rent in such amount as shall be just and equitable. In consideration of such reduction of Rent, Tenant waives any claim for damage to or loss of its leasehold estate, all of such award being payable to Landlord, who shall use so much thereof as may be necessary to restore the Property as nearly as possible to its condition immediately prior to the taking. Tenant shall have the option to perform such restoration and Landlord shall upon Tenant's election provide the whole of such award or such portion thereof as may be necessary for Tenant to accomplish the restoration. Should such award be insufficient to accomplish the restoration, such additional costs shall be paid by Landlord. Notwithstanding any provision of the Lease or by operation of law that leasehold improvements may be or shall become the property of Landlord at the termination of the Lease, the loss of the building or other improvements paid for by Tenant and such additional relief as may be provided by law shall be the basis of Tenant's damages against the condemning authority if a separate claim therefor is allowable under applicable law, or the basis of Tenant's damages to a portion of the total award if only one award is made.
Partial Permanent. In the event of a permanent taking or appropriation not resulting in a termination of this Lease, the Lessee shall be entitled to a reduction of rent in such amount as shall be just and equitable. In consideration of such reduction of rent, the Lessee waives any claim for damage to or loss of its leasehold interest, all of such award being payable to the Lessor, who shall use so much thereof as may be necessary to restore the Premises as nearly as possible to it original condition. Lessee shall have the option to perform such restoration, provided the whole of such award or such portion thereof as may be necessary to accomplish the restoration is made available to Lessee. In regards to the reduction of rent if the Lessor and Lessee cannot agree to what the reduction in rent shall be, then they shall submit this claim to arbitration as provided herein. Lessor shall be entitled to any and all partial or permanent taking and award in relation to any interest the Lessor has in said property. Lessee shall be able to claim any and all losses, damages or expenses in relation to the taking which relates to Lessee's property, including, without limitation, the building.
Partial Permanent. In the event of a taking of less than the entire Premises or, in the reasonable discretion of Tenant, less than a substantial portion as would render the balance of the Premises not suitable for Tenant's then current use, Tenant shall be entitled to a reduction of Rent in such amount as shall be just and equitable, which amount shall be agreed upon by the parties within thirty (30) days of the Taking Date or if no agreement has been reached within such thirty
Partial Permanent. In the event of a taking of less than the entire Premises or, in the reasonable judgment of Landlord and Tenant, less than such a substantial portion as would render the balance of the Premises incapable of being used by Tenant for Tenant's Permitted Uses, Tenant shall be entitled to a reduction of rent in such amount as shall be just and equitable. Tenant reserves the right to make a claim for Tenant’s trade fixtures, furnishings, signs, fixtures and equipment and other personal property which shall be payable to Tenant.