Common use of PARTIAL Clause in Contracts

PARTIAL. If a portion of the Leased Premises is taken by eminent domain, and the partial taking renders the remaining portion unsuitable for the business of the Lessee, then this Lease shall terminate. If the partial taking is not extensive enough to render the premises unsuitable for the business of the Lessee, then this Lease shall continue in effect, except that the fixed monthly rent amount shall be reduced and adjusted in an appropriate manner.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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PARTIAL. If a portion of the Leased Premises is taken by eminent domain, and the partial taking renders the remaining portion Hangar unsuitable for the business of the Lessee, then this Lease shall terminate. If the partial taking is not extensive enough to render the premises Hangar unsuitable for the business of the Lessee, then this Lease shall continue in effecteffect with respect to the remainder of the Leased Premises, except that the fixed monthly rent amount annual rental shall be reduced and adjusted in an appropriate manner.

Appears in 1 contract

Samples: Airport Facility Lease Agreement for Commercial Use

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