Partial Taking; Common Area. (a) If a portion of the Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant can elect to terminate this Lease if 20 percent or more of the total number of square feet in the Premises is taken. (b) If any part of the Common Area of the Complex is taken by condemnation, this Lease shall remain in full force and effect so long as there is no material interference with the access to the Premises, except that if 35 percent or more of the Common Area is taken by condemnation, either party shall have the election to terminate this Lease pursuant to this Section. (c) If 30 percent or more of the Building in which the Premises are located is taken, Landlord shall have the election to terminate this Lease in the manner prescribed herein.
Appears in 2 contracts
Samples: Assignment of Lease (Entrada Networks Inc), Business Park Net Lease (Centillium Communications Inc)
Partial Taking; Common Area. (a) If a portion of the Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant can elect to terminate this Lease if 20 percent or more of the total number of square feet in the Premises is taken.
(b) If any part of the Common Area of the Complex is taken by condemnation, this Lease shall remain in full force and effect so long as there is no material interference with the access recess to the Premises, except that if 35 percent or more of the Common Area is taken by condemnation, either party shall shrill have the election to terminate this Lease pursuant to this Section.
(c) If 30 percent or more of the Building in which the Premises are located is taken, Landlord shall have the election to terminate this Lease in the manner prescribed herein.
Appears in 1 contract
Samples: Business Park Net Lease (Opnext Inc)
Partial Taking; Common Area. (a) If a any portion of the Leased Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant Lessee can elect to terminate this Lease if 20 percent 33-1/3% or more of the total number of square feet in the Leased Premises is taken.
(b) If any part of the Common Area Areas of the Complex is are taken by condemnation, this Lease shall remain in full force and effect so long as there is no material interference with the access to the Leased Premises, except that if 35 thirty percent (30%) or more of the Common Area is taken by condemnation, either party shall have the election to terminate this Lease pursuant to this Section.
(c) If 30 fifty percent (50%) or more of the Building in which the Leased Premises are located is taken, Landlord Lessor shall have the election to terminate this Lease in the manner prescribed herein.
Appears in 1 contract
Partial Taking; Common Area. (a) If a portion of the Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant can elect to terminate this Lease if 20 ten percent (10%) or more of the total number of square feet in the Premises is taken.
(b) If any part of the Common Area of the Complex is taken by condemnation, this Lease shall remain in full force and effect so long as there is no material interference with the access to the Premises, except that if 35 thirty-five percent (35%) or more of the Common Area is taken by condemnation, either party shall have the election to terminate this Lease pursuant to this Section.
(c) If 30 thirty percent (30%) or more of the Building in which the Premises are located is taken, Landlord shall have the election to terminate this Lease in the manner prescribed herein.
Appears in 1 contract
Samples: Business Park Net Lease (Centillium Communications Inc)
Partial Taking; Common Area. (a) If a any portion of the Leased Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant Lessee can elect to terminate this Lease if 20 percent or more so much of the total number Building is taken as to materially interfere with Lessee's use of square feet in the Premises is takenLeased Premises.
(b) If any part of the Common Area area of the Complex is Leased Premises outside the Building are taken by condemnation, this Lease shall remain in full force and effect so long as there is no material interference with the access to the Leased Premises, except that if 35 thirty percent (30%) or more of the Common such Area is taken by condemnation, either party shall have the election to terminate this Lease pursuant to this Section.
(c) If 30 fifty percent (50%) or more of the Building in which the Premises are located is taken, Landlord Lessor shall have the election to terminate this Lease in the manner prescribed herein.
Appears in 1 contract
Samples: Sublease (Sangstat Medical Corp)
Partial Taking; Common Area. (a) If a portion of the Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant can elect to terminate this Lease if 20 percent or more of the total number of square feet in the Premises is taken.
(b) If any part of the Common Area of the Complex is taken by condemnation, this Lease shall remain in full force and effect so long as there is no material interference with the access recess to the Premises, except that if 35 percent or more of the Common /s/ --------------------- ------------------- Landlord's Initials Tenant's Initials Area is taken by condemnation, either party shall shrill have the election to terminate this Lease pursuant to this Section.
(c) If 30 percent or more of the Building in which the Premises are located is taken, Landlord shall have the election to terminate this Lease in the manner prescribed herein.
Appears in 1 contract
Samples: Business Park Net Lease (Opnext Inc)