Common use of Partial Taking Clause in Contracts

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 8 contracts

Samples: Lease Agreement (Achieve Life Sciences, Inc.), Sublease Agreement (Sunrun Inc.), Lease Agreement (Durata Therapeutics, Inc.)

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Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent Rent, Tenant’s Tax Payment and Tenant’s Proportionate Share Operating Payment shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement (Xstelos Holdings, Inc.), Lease Agreement (Omrix Biopharmaceuticals, Inc.)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12, this Amended and Restated Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 2 contracts

Samples: Lease Agreement (Marchex Inc), Lease Agreement (Marchex Inc)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date that is the earlier of Tenant's deprivation of use or the date of the vesting of title, Fixed Rent and Tenant’s 's Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 2 contracts

Samples: Lease (Cmgi Inc), Lease Agreement (Engage Technologies Inc)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building Building, or the Premises Premises, then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 2 contracts

Samples: Lease Agreement (Pegasystems Inc), Lease Agreement (Pegasystems Inc)

Partial Taking. Upon a Taking of If only a part of the Real Property, the Building or the Premises shall be subject to a Taking then, except as hereinafter provided in this Article Paragraph 12, this Lease and the Term shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed the Rent and Tenant’s 's Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 2 contracts

Samples: Lease Agreement (Eresearchtechnology Inc), Lease Agreement (Premier Research Worldwide LTD)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s 's Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Building Lease Agreement (PMC Sierra Inc)

Partial Taking. Upon a Taking of only a part of the Real Property, the a Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (2U, Inc.)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent Rent, Tenant's Tax Payment and Tenant’s Proportionate Share 's Operating Payment shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease (Franklin Resources Inc)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12Article, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (Convio, Inc.)

Partial Taking. Upon a Taking of If only a part of the Real Property, the Building Building, or the Premises is the subject of a Taking, then, except as hereinafter provided in this Article 12, this Lease shall continue remain in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (Centessa Pharmaceuticals PLC)

Partial Taking. Upon a Taking of only a part of the Real Property, the Complex, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s 's Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (Philadelphia Consolidated Holding Corp)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article ARTICLE 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (BTHC VII Inc)

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Partial Taking. Upon a Taking of only a part of the Real Property, the Project, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (E2open Inc)

Partial Taking. Upon a Taking of only a part of the Real Property, the Complex, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (Larimar Therapeutics, Inc.)

Partial Taking. Upon a Taking of If only a part of the Real Property, the Building Building, or the Premises is the subject of a Taking then, except as hereinafter provided in this Article 12, this Lease shall continue remain in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (CRISPR Therapeutics AG)

Partial Taking. Upon a Taking of only a part of the Real PropertyProject, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease Agreement (Mindspeed Technologies, Inc)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the earlier of (i) the date possession is taken or (ii) the date of the vesting of title, Fixed Base Rent and Tenant’s Proportionate 's Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Lease (Janux Therapeutics, Inc.)

Partial Taking. Upon a Taking of only a part (i.e., less than substantially all) of the Real PropertyProject, the Building or the Premises then, except as hereinafter provided in this Article 12Article, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building as a result of such Taking.

Appears in 1 contract

Samples: Deed of Lease (Carlyle Group L.P.)

Partial Taking. Upon a Taking of only a part of the Real Property, the Building or the Premises then, except as hereinafter provided in this Article 12, this Lease shall continue in full force and effect, provided that from and after the date of the vesting of title, Fixed Rent and Tenant’s Proportionate Share shall be modified to reflect the reduction of the Premises and/or the Building and/or Tenant’s loss of any parking rights as a result of such Taking.

Appears in 1 contract

Samples: Sublease Agreement (K12 Inc)

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