Common use of Partial Taking; Election to Terminate Clause in Contracts

Partial Taking; Election to Terminate. (a) If a Taking of any portion (but less than all) of the Premises occurs, then this Lease shall terminate in its entirety if all of the following exist: (a) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant for the Permitted Use; (b) the condition rendering the Premises untenantable or unsuitable either is not curable or is curable but City is unwilling or unable to cure such condition; and (c) City elects to terminate.

Appears in 31 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Partial Taking; Election to Terminate. (a) If a Taking of any portion (but less than all) of the Premises occurs, then this Lease shall terminate in its entirety if all of the following exist: (ai) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant for the Permitted Use; (bii) the condition rendering the Premises untenantable or unsuitable either is not curable or is curable but City is unwilling or unable to cure such condition; and (ciii) City elects to terminate.

Appears in 5 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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