Common use of Partial Taking; Abatement of Rent Clause in Contracts

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part of the Building or the Development is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days prior written notice to Tenant if Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease terms.

Appears in 6 contracts

Samples: Letter Agreement (New Century Financial Corp), Office Building Lease (Netsol International Inc), Letter Agreement (Ijnt Net Inc)

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Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with the conduct of Tenant's use and occupancy of the Premisesbusiness, then, except as otherwise provided in the immediately following sentence, neither party will shall have the right to terminate this Lease and Landlord will shall thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will shall be abated with respect to the part of the Premises which Tenant is shall be so deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part of the Building or the Development is Project shall be taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days days' prior written notice to Tenant if as long as Landlord also terminates the leases of the all other tenants of the Building which are leasing comparably sized space within the Building for comparable lease terms.

Appears in 4 contracts

Samples: Industrial Lease (E Digital Corp), HNC Software Inc/De, Aurora Biosciences Corp

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part of the Building or the Development is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days days' prior written notice to Tenant if Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease terms.

Appears in 2 contracts

Samples: Office Building Lease (Exe Technologies Inc), Probusiness Services Inc

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's Tenant s use and occupancy of the PremisesPremises including any temporary taking of ninety (90) days or less, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrarycontrary , if any part of the Building or the Development Project is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days days' prior written notice to Tenant if Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease terms.. (c)

Appears in 2 contracts

Samples: Early Possession Agreement (Litronic Inc), Early Possession Agreement (Litronic Inc)

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with the conduct of Tenant's use and occupancy of the Premisesbusiness, then, except as otherwise provided in the immediately following sentence, neither party will shall have the right to terminate this Lease and Landlord will shall thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will shall be abated with respect to the part of the Premises which Tenant is shall be so deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part of the Building or the Development is Site shall be taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days days' prior written notice to Tenant if as long as Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space within the Building for comparable lease terms.

Appears in 2 contracts

Samples: Office Lease (Willdan Group, Inc.), Sublease Agreement (Snowball Com Inc)

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor therefore from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part of the Building or the Development is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days prior written notice to Tenant if Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease terms.. c)

Appears in 1 contract

Samples: Work Letter Agreement (Thinka Weight Loss Corp)

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenantthe conduct of Xxxxxx's use and occupancy of the Premisesbusiness, then, except as otherwise provided in the immediately following sentence, neither party will Party shall have the right to terminate this Lease and Landlord will shall thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will shall be abated with respect to the part of the Premises which Tenant is shall be so deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part of the Building or the Development Project is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days days' prior written notice to Tenant if as long as Landlord also terminates the leases of the all other tenants of the Building which are leasing comparably sized space within the Building for comparable lease terms.

Appears in 1 contract

Samples: Work Letter Agreement (Eyeonics Inc)

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's Lessee’s use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord Lessor will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord Lessor receives proceeds therefor from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant Lessee is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part of the Building or the Development Project is taken (whether or not such taking substantially interferes with Tenant's Lessee’s use of the Premises), Landlord Lessor may terminate this Lease upon thirty (30) days day’s prior written notice to Tenant Lessee if Landlord Lessor also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease terms.

Appears in 1 contract

Samples: Office Lease (Ign Entertainment Inc)

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Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any material part of the Building or the Development is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days prior written notice to Tenant if Landlord also terminates the all other leases of the other tenants of space in the Building which are leasing comparably sized space for comparable lease termsthat may be terminated by Landlord as a result of such taking.

Appears in 1 contract

Samples: Work Letter Agreement (Simpson Manufacturing Co Inc /Ca/)

Partial Taking; Abatement of Rent. In in the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's Tenant s use and occupancy of the Premises, then, Premises including any temporary taking of ninety (90) days or less then neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), ) and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if contrary it any part of the Building or the Development Project is taken (whether or not such taking substantially interferes with Tenant's Tenant s use of the Premises), ) Landlord may terminate this Lease upon thirty (30) days prior written notice to Tenant if Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease terms.

Appears in 1 contract

Samples: Litronic Inc

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part of the Building or the Development Project is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days prior written notice to Tenant if Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease terms.

Appears in 1 contract

Samples: Alliance Bancshares California

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere with Tenant's use and occupancy of the Premises, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any part portion(s) of the Building Buildings or the Development is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days days' prior written notice to Tenant if Landlord also terminates the leases of the at least two other tenants of the Building which are leasing comparably sized space for comparable lease termsBuildings.

Appears in 1 contract

Samples: Work Letter Agreement (Interplay Entertainment Corp)

Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises or the parking areas serving the Building which does not substantially materially interfere with Tenant's use and occupancy of the PremisesPremises or the parking areas serving the Building, then, neither party will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding sentence to the contrary, if any material part of the Building or the Development is taken (whether or not such taking substantially interferes with Tenant's use of the Premises), Landlord may terminate this Lease upon thirty (30) days prior written notice to Tenant if Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease terms.

Appears in 1 contract

Samples: Letter Agreement (California First National Bancorp)

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