Partial Taking - Termination. If a taking or transfer of only a part of the Premises or the appurtenant easement areas occurs and the remainder of the Premises may not be used practicably (in the good faith opinion of Tenant) for the operation thereon of Tenant's operations, either Landlord or Tenant may terminate this Lease within sixty (60) days after the occurrence of such taking or transfer by delivering written notice to the other party. The Lease shall terminate effective on the thirtieth (30th) day after the date of such notice in which case this Lease shall be null and void and of no force and effect.
Partial Taking - Termination. If only part of the Premises is taken or transferred as described in Section 12.01, Tenant may terminate this Lease by providing notice of termination to Landlord within a reasonable time after title to the portion of the Premises taken or transferred vests in the condemning authority.
Partial Taking - Termination. If only part of a City Site is taken or transferred, this Master Lease terminates, as to that City Site, if in Tenant’s opinion, the remainder of the City Site is in such a location, or is in such form, shape, or reduced size, that the City Site is no longer functional for the Tenant. In such case, this Master Lease and all rights, title, and interest under it, as to the affected City Site, cease on the date that title vests in the condemning authority.
Partial Taking - Termination. (a) If a portion of the Leased Premises is taken by any Governmental Authority or other entity under the right of eminent domain, condemnation, or similar right, this Lease shall continue in effect as to the remainder thereof unless Lessee, in Lessee's sole but reasonable discretion, determines that so much of the Leased Premises is taken as to make it economically unsound to use the remainder for the uses and purposes contemplated hereby, whereupon this Lease shall terminate as provided in Section 11.01 in the same manner as if the whole of the Leased Premises had thus been taken, and the Condemnation Award therefor shall be distributed as provided in Section 11.01.
Partial Taking - Termination. In the event of the taking or transfer of only a part of the Ground Leased Premises, leaving the remainder of the Ground Leased Premises in such location, or in such form, shape or reduced size as to be not effectively and practicably usable in the good faith opinion of Tenant for the operation thereon of Tenant’s business, based upon objective criteria and taking into consideration the effect, if any, of such taking on the availability of parking proximately located to any improvements, which consent will not be unreasonably withheld, this Ground Lease and all right, title and interest thereunder may be terminated by Tenant giving, within sixty (60) days of the occurrence of such event, thirty (30) days’ notice to Landlord of Tenant’s intention to terminate.
Partial Taking - Termination. If a substantial portion of the Premises should be taken so as to impair materially the use of the Premises as contemplated by this Lease on the earlier of the date title to such portion of the Premises vests in such public or quasi-public agency, or the date on which such public or quasi-public agency takes possession of such portion of the Premises and Lessee no longer has full possession of such portion, this Lease shall terminate with respect to Lessor’s and Lessee’s future obligations hereunder, but said termination shall not affect Lessor’s or Lessee’s rights to any compensation or damages for, on account of, or arising out of such taking. For any period of time prior to termination during which Lessee (involuntarily on account of such taking or any proceedings related thereto) does not have full use of the Premises, the Minimum Rent due hereunder shall be equitably reduced. In the event of such a substantial taking, the award of damages and compensation arising by reason of such taking shall be distributed in the same manner as the last sentence of Section 29.1 above.
Partial Taking - Termination. If a substantial portion of the Premises should be taken so as to impair materially the use of the Premises as contemplated by the Lease, then on the earlier of the date title to such portion of the Premises vests in such public or quasi-public agency, or the date on which such public or quasi-public agency takes possession of such portion of the Premises and Lessee no longer has full possession of such portion, this Lease shall terminate with respect to the Port's and LESSEE'S future obligations hereunder, but said termination shall not affect the Port's or Lessee's rights to any compensation or damages for, on account of, or arising out of such taking. For any period of time prior to termination during which Lessee (involuntarily on account of such taking or any proceedings related thereto) does not have full use of the Premises, the Monthly Rent due hereunder shall be equitably reduced. In the event of such a taking, the Port shall be entitled to receive all sums in the award of damages and compensation arising by reason of such taking except that lessee shall be entitled to receive an amount therefrom equal to the fair market value of Lessee's leasehold interest in the Premises. "Compensation and damages" for the purpose of this Paragraph 31.2 shall include all compensation and damages including severance damages without and before any reduction for any benefit to the remainder.
Partial Taking - Termination. In the event of the taking of only part of the Premises leaving the remainder of the Premises in such location, or in such form, shape, or reduced size as to be unusable for the purpose of operation thereon of IPTLH’s business, in LCRDA’s reasonable discretion, this Ground Sublease and all right, title and interest thereunder shall cease on the date title to the portion of the Premises so taken vests in the condemning authority.
Partial Taking - Termination. In the event of the condemnation, taking or transfer of only a portion of the Premises, leaving the remainder of the Premises in such condition, form, shape, or reduced size as not to be reasonably and practicably usable for the operation thereon of Lessee’s Chapter House, at Lessee’s option and by giving thirty (30) days’ written notice to Lessor, Lessee may cancel and terminate this Lease, effective as of the end of such thirty (30) day notice period, subject to the provisions of Article 5.05 above.
Partial Taking - Termination. In the event the taking or transfer of only a part of the Project Site leaving the remainder of the Project Site in such location or in such form, shape, or reduced size as to be not effectively and practicably useable in the reasonable opinion of Ground Lessee for the purpose of operation of the Parking Improvements, upon delivery by Ground Lessee to Ground Lessor of written notice of its election to terminate this Ground Lease, this Ground Lease and all right, title and interest thereunder shall terminate and cease on the date title to the Project Site or the portion thereof so taken or transferred vests in the condemning authority and the proceeds of such condemnation shall be divided as provided in and under the conditions and requirements set forth in Section 9(b) hereof Notwithstanding the foregoing, no such termination shall be effective unless the requirements for termination of this Ground Lease, including the opinions of Bond Counsel described in Section 9(b) hereof, are satisfied.
