Common use of Partial Taking of Premises Clause in Contracts

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is taken, and no rights of termination herein conferred are timely exercised, the Term of the Lease shall expire with respect to the portion so taken on the date of such taking. In such event the Rent payable hereunder with respect to such portion so taken shall xxxxx on such date, and the Rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 4 contracts

Samples: Lease Agreement (Sidus Space Inc.), Lease Agreement (Sidus Space Inc.), Lease Agreement (Sidus Space Inc.)

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Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the Lease shall expire with respect to the portion so taken on the date of such taking. In such event the Rent payable hereunder with respect to such portion so taken shall xxxxx on such date, and the Rent rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by the Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 3 contracts

Samples: Lease Agreement (Dirtt Environmental Solutions LTD), Lease of Office Space (Zymeworks Inc.), Lease of Office Space (Zymeworks Inc.)

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the Lease shall expire with respect to the portion so taken on the date of such taking. In such event the Rent payable hereunder with respect to such portion so taken shall xxxxx axxxx on such date, and the Rent rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by the Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 3 contracts

Samples: Lease of Industrial Space (Above Food Ingredients Inc.), Lease of Industrial Space (Lululemon Corp.), Office Lease (Lululemon Corp.)

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the this Lease shall expire with respect to the portion so taken on the date of such taking. In such event the Rent payable hereunder with respect to such portion so taken shall xxxxx on such date, and the Rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 3 contracts

Samples: Lease Agreement (Eschelon Telecom Inc), Lease of Office Space (Eschelon Telecom Inc), Lease Agreement (Eschelon Telecom Inc)

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the this Lease shall expire with respect to the portion so taken on the date Date of such takingSuch Taking. In such event event, the Rent payable hereunder with respect to such portion so taken shall xxxxx on no longer accrue from such date, and the Annual Rent and Occupancy Costs thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 2 contracts

Samples: Lease Agreement (Ibotta, Inc.), Lease Agreement (Ibotta, Inc.)

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the Lease shall expire with respect to the portion so taken on the date of such taking. In such event the Rent payable hereunder with respect to such portion so taken shall xxxxx on such date, and the Rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by the Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 1 contract

Samples: Office Lease (Adven Inc.)

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the this Lease shall expire with respect to the portion so taken on the date Date of such takingTaking. In such event the Minimum Rent and other charges payable hereunder with respect to such portion so taken shall xxxxx on abatx xx such date, and the Minimum Rent and other charges thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 1 contract

Samples: Office Building Lease (Oceanic Exploration Co)

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Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the Lease shall expire with respect to the portion so taken on the date of such taking. In such event the Rent payable hereunder with respect to such portion so taken shall xxxxx axxxx on such date, and the Rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by the Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 1 contract

Samples: Office Lease (Adven Inc.)

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the this Lease shall expire with respect to the portion so taken on the date of such taking. In such event the Rent payable hereunder with respect to such portion so taken shall xxxxx on such date, and the Rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 1 contract

Samples: Lease Agreement (Imi International Medical Innovations Inc)

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the this Lease shall expire with respect to the portion so taken on the date Date of such takingTaking. In such event event, the Rent payable hereunder with respect to such portion so taken shall xxxxx on no longer accrue from such date, and the Rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by Landlord in order to account for the resulting reduction in the number of square feet Square Feet in the Premises.

Appears in 1 contract

Samples: Office Lease (Superior National Insurance Group Inc)

Partial Taking of Premises. If any portion of the Premises (but less than the whole thereof) is so taken, and no rights of termination herein conferred are timely exercised, the Term of the Lease shall expire with respect to the portion so taken on the date of such taking. In such event the Rent payable hereunder with respect to such portion so taken shall xxxxx on such date, and the Rent thereafter payable with respect to the remainder not so taken shall be adjusted pro rata by Landlord in order to account for the resulting reduction in the number of square feet in the Premises.

Appears in 1 contract

Samples: Lease of Office Space (Securac Corp)

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