PARTIAL. If any part of the leased premises shall be so taken and such partial taking shall render that portion not so taken unsuitable for the purposes for which the leased premises were leased, then LANDLORD and TENANT shall each have the right to terminate this lease by written notice given to the other within sixty (60) days after the date of title vesting in such proceeding. If any part of the leased premises shall be so taken and this lease shall not be terminated, as aforesaid, then this lease and all of the terms and provisions thereof shall continue in full force and effect, except that the maximum guaranteed annual rent shall be reduced in the same proportion that the gross leasable area of the leased premises taken bears to the original gross leasable area leased and, LANDLORD shall, upon receipt of the award in condemnation, make all necessary repairs and alterations (exclusive of TENANT'S furnishings, fixtures, equipment and signs) to restore the portion of the leased premises remaining to as near its former condition as the circumstances will permit, and to the building of which the leased premises forms a part to the extent necessary to constitute the portion of the building not so taken a complete architectural unit; and TENANT, at TENANT'S expense, shall make all necessary repairs and alterations to TENANT'S furnishings, fixtures, equipment and signs. LANDLORD_______________ TENANT ________________
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PARTIAL. If In the event that any part portion of the leased premises shall be so Premises, the Allocated Parking, the Building, the Property, or COUNTY’s access thereto, is taken by Condemnation and COUNTY determines, in its sole discretion, that COUNTY is unable to conduct its operations at the Premises as a result of such partial taking taking, COUNTY shall render that portion not so taken unsuitable for the purposes for which the leased premises were leasedhave right, then LANDLORD and TENANT shall each have the right at its option, to terminate this lease the Lease by written providing LANLDORD with notice to be given within thirty (30) days after COUNTY’s receipt of the Condemnation Notice from LANDLORD, or if LANDLORD fails to the other provide COUNTY with a Condemnation Notice, within sixty thirty (6030) days after the date of title vesting in such proceedingthe condemning authority takes possession. If any part of COUNTY does not exercise its right to terminate the leased premises shall be so taken and this lease shall not be terminatedLease as provided herein, as aforesaid, then this lease and all of the terms and provisions thereof Lease shall continue in full force and effect, except that if a portion of the maximum guaranteed annual rent Premises was taken, the Premises shall be reduced by the portion taken and the Monthly Rent and any other sums due under the Lease shall be reduced in the same proportion that as the gross leasable floor area of the leased premises Premises taken bears to the original gross leasable floor area leased andof the Premises and if the Allocated Parking, COUNTY’s access, or other portions of the Property affecting COUNTY’s use of the Premises was partially taken, the Monthly Rent and other sums due shall be equitably adjusted. In addition, LANDLORD shallshall within thirty (30) days make all repairs or alterations to the Premises, upon receipt Building, and Property required as a result of the award in condemnation, make all necessary repairs and alterations (exclusive of TENANT'S furnishings, fixtures, equipment and signs) Condemnation to restore the portion remaining portions thereof to substantially the same conditions as existing immediately prior to the Condemnation and in accordance with the provisions of the leased premises remaining to as near its former condition as the circumstances will permit, and to the building of which the leased premises forms a part to the extent necessary to constitute the portion of the building not so taken a complete architectural unit; and TENANT, at TENANT'S expense, shall make all necessary repairs and alterations to TENANT'S furnishings, fixtures, equipment and signs. LANDLORD_______________ TENANT ________________Lease.
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Samples: Lease Agreement
PARTIAL. If any part twenty-five percent (25%) or more of the leased premises gross leasable area of the Demised Premises shall be so taken and such partial taking shall render that portion not so taken unsuitable for the purposes for which the leased premises were leasedtaken, then LANDLORD and TENANT either Landlord or Tenant shall each have the right to terminate this lease Lease by written notice given to the other party within sixty (60) days after the date of title vesting in such proceeding. If any part of the leased premises Demised Premises shall be so taken and this lease Lease shall not be terminated, as aforesaid, then this lease Lease and all of the terms and provisions thereof hereof shall continue in full force and effect, except that the maximum guaranteed annual rent Fixed Minimum Rent shall be reduced in the same proportion that the gross leasable area of the leased premises Demised Premises taken bears to the original gross leasable area leased andof the Demised Premises, LANDLORD and Landlord shall, upon receipt of the award in condemnation, make all necessary repairs and alterations (exclusive of TENANT'S Tenant's trade and lighting fixtures, furniture, furnishings, fixturespersonal property, equipment decorations, signs and signscontents) to restore the portion of the leased premises Demised Premises remaining to as near its former condition as the circumstances will permit, and to the building of which the leased premises forms Demised Premises form a part to the extent necessary to constitute the portion of the building not so taken a complete architectural unit; provided, however, that Landlord in any event, shall not be required to spend for such repairs and TENANTalterations an amount in excess of the respective amounts received by Landlord as damages for the taking of such part of the Demised Premises and of the building of which they form a part, and Tenant, at TENANT'S Tenant's expense, shall make all necessary repairs and alterations to TENANT'S Tenant's trade and lighting fixtures, furniture, furnishings, fixturespersonal property, equipment decorations, signs and signs. LANDLORD_______________ TENANT ________________contents.
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Samples: Lease Agreement (Digital Cinema Destinations Corp.)
PARTIAL. If any part twenty-five percent (25%) or more of the leased premises GLA of the Premises shall be so taken and such partial taking shall render that portion not so taken unsuitable for the purposes for which the leased premises were leasedtaken, then LANDLORD Landlord and TENANT Tenant shall each have the right to terminate this lease Lease by written notice given to the other within sixty (60) days after the date of title vesting in such proceedingproceedings. If any part of the leased premises Premises shall be so taken and this lease Lease shall not be terminated, as aforesaid, then this lease Lease and all of the terms and provisions thereof shall continue in full force and effect, except that the maximum guaranteed annual rent Fixed Minimum Rent shall be reduced in the same proportion that the gross leasable area GLA of the leased premises Premises taken bears to the original gross leasable area leased andGLA demised, LANDLORD and Landlord shall, upon receipt of the award in condemnation, make all necessary repairs and or alterations (exclusive of TENANT'S Tenant's trade and lighting fixtures, furniture, furnishings, fixturespersonal property, equipment decorations, signs and signscontents) to restore the portion of the leased premises Premises remaining to as near its former condition as the circumstances will permit, and to the building of which the leased premises Premises forms a part to the extent necessary to constitute the portion of the building not so taken to a complete architectural unit; provided, however, that Landlord, in any event, shall not be required to spend for such repair and TENANTalteration work an amount in excess of the respective amounts received by Landlord as damages for the taking of such part of the Premises and of the building of which it forms a part; and Tenant, at TENANT'S Tenant's expense, shall make all necessary repairs and alterations to TENANT'S furnishings, Tenant's trade and lighting fixtures, equipment decoration, signs and signs. LANDLORD_______________ TENANT ________________contents.
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