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: (i) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant for the Permitted Use;
Appears in 10 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
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: (ia) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant for the Permitted Use;
Appears in 5 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
Partial Taking; Election to Terminate. (a) If there is a Taking of any portion (but less than all) of the Premises occursPremises, then this Lease shall terminate in its entirety under either of the following circumstances: (i) if all of the following exist: (iA) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant, or the Taking is of areas that are necessary for Tenant for the Permitted Use;to derive sufficient income to perform its obligations hereunder, and
Appears in 2 contracts
Samples: Island Marina Lease, Sailing Center Lease
Partial Taking; Election to Terminate. (a) If there is a Taking of any portion (but less than all) of the Premises occursPremises, then this Lease shall terminate in its entirety if all under either of the following exist: (i) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant for the Permitted Use;circumstances:
Appears in 2 contracts
Samples: Ground Lease, Ground Lease
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: (i) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant Operator for the Permitted Use;
Appears in 1 contract
Samples: Lease and Operating Agreement
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: (ia) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant for the Permitted Use;; (b)
Appears in 1 contract
Samples: Lease Agreement
