Common use of Partial Taking of Premises Clause in Contracts

Partial Taking of Premises. If a portion of the Premises shall be taken as herein provided for public improvements or otherwise under the exercise of the right of eminent domain and the Premises shall continue to be reasonably suitable for the use which is herein authorized, then the Rent herein provided shall be reduced from the date of such taking in direct proportion to the reduction in usefulness of the Premises and the Lease shall continue in full force and effect.

Appears in 4 contracts

Samples: Lease Agreement, Funding Agreement, Lease Agreement (Pulse Evolution Corp)

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