Common use of Partial Taking - Tenant’s Rights Clause in Contracts

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the Taking, and Rent will be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx on a basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 3 contracts

Samples: Lease Agreement (Coolsavings Com Inc), Lease Agreement (Paragon Financial Corp), Lease Agreement (Coolsavings Com Inc)

AutoNDA by SimpleDocs

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will would prevent Tenant from conducting on a permanent basis its business in the Premises and the Building in a manner reasonably comparable to substantially the same as that conducted immediately before such Taking for a period of more than one hundred eighty (180) daysTaking, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty one hundred and twenty (30120) days after the such Taking, and Basic Rent will and Additional Rent shall be apportioned as of the date of such Taking. If Tenant does not terminate this LeaseLease within one hundred and twenty (120) days after the Taking, then Rent will xxxxx shall be abated on a reasonable basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 2 contracts

Samples: Lease Agreement (EverBank Financial Corp), Lease Agreement (EverBank Financial Corp)

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty and fifty (180150) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the Taking, and Rent will shall be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx shall be abated on a reasonable basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 2 contracts

Samples: Sublease (Paypal Inc), Lease Agreement (Paypal Inc)

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the Taking, and Rent will shall be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx shall be abated on a per square foot basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Office Lease Agreement (Diversa Corp)

Partial Taking - Tenant’s Rights. If any part of the Building -------------------------------- becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) 180 days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) 30 days after the Taking, and Basic Rent will and Additional Rent shall be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx shall be abated on a reasonable basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Lease Agreement (Tenfold Corp /Ut)

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty ninety (18090) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty twenty (3020) days after the Taking, and Rent will be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx on a basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Lease Agreement (Hotjobs Com LTD)

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the Taking, and Rent will be apportioned as of the date of such Taking. If Tenant does not terminate this Table of Contents Lease, then Rent will xxxxx on a basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Lease Agreement (Enova International, Inc.)

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the Taking, and Rent will be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx abate on a basis reasonably determined by Landlord as to that portion of the Premises thx Xxxmises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Lease Agreement (Coolsavings Inc)

AutoNDA by SimpleDocs

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty sixty (3060) days after the Taking, and Rent will shall be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx shall be abated on a reasonable basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Office Lease Agreement (Kid Brands, Inc)

Partial Taking - Tenant’s Rights. If any part of the Building or Common Areas becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty twenty (180120) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty one hundred fifty (30150) days after the Taking, and Rent will shall be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx shall be abated on a reasonable basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable untenantable, by the Taking.

Appears in 1 contract

Samples: Lease Agreement (Spring Bank Pharmaceuticals, Inc.)

Partial Taking - Tenant’s Rights. If any part of the Project or Building becomes subject to a Taking and such Taking will would prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the Taking, and Basic Rent will and Additional Rent shall be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx rent shall be abated on a reasonable basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Office Lease (Reel Estate Services Inc.)

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its materially adversely affect Tenant’s business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the Taking, and Rent will shall be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx shall be abated on a reasonable basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Lease Agreement (Soaring Eagle Acquisition Corp.)

Partial Taking - Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the Taking, and Rent will be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent will xxxxx on a pro rata basis reasonably determined by Landlord as to that portion of the Premises rendered untenantable by the Taking.

Appears in 1 contract

Samples: Lease Agreement (Ecollege Com)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!