PUBLIC TAKING. If the whole or any part of the Apartment be taken or condemned for any public or quasi-public use or purpose, then and in that event, the term of this Lease shall cease and terminate from the date when the possession of the part so taken shall be required for such use or purpose and without apportionment of the award. If a substantial part of the building shall be so taken or condemned as to make it uneconomical for Landlord, as determined in Landlord’s sole discretion, to continue the operation of the Apartment, then at Landlord’s sole option and upon notice to Tenant from Landlord, the term of this Lease shall cease and terminate on the date when possession of the part so taken shall be required for such use or purpose and without apportionment of the award. The current rental, however, shall in any such case be apportioned.
PUBLIC TAKING. If the whole of or any substantial part of the Premises is taken by any public authority under the power of eminent domain, or taken in any manner for any public or quasi-public use, so as to render (in Tenant's reasonable judgment) the remaining portion of the Premises unsuitable for the purposes intended hereunder, then the term of this Lease shall cease as of the day possession shall be taken by such public authority and Landlord shall make a pro rata refund of any prepaid Rent. All damages awarded for such taking under the power of eminent domain or any like proceedings shall belong to and be the property of Landlord, Tenant hereby assigning to Landlord its interest, if any, in said award. In the event that fifty percent (50%) or more of the building area or fifty percent (50%) or more of the value of the Facility is taken by public authority under the power of eminent domain, then, at Landlord's option, by written notice to Tenant, mailed within sixty (60) days from the date possession shall be taken by such public authority, Landlord may terminate this Lease effective upon a date within ninety (90) days from the date of such notice to Tenant.
PUBLIC TAKING. The Landlord and Tenant shall cooperate, each with the other, in respect of any Public Taking of the Leased Premises or any part thereof so that the Tenant may receive the maximum award to which it is entitled in law for relocation costs and business interruption and so that the Landlord AND TENANT MAY RECEIVE THEIR PROPORTIONATE SHARE OF ANY AWARD for all other compensation arising from or relating to such Public Taking. If the whole or any part of the Leased Premises is Publicly Taken, as between the parties hereto, their respective rights and obligations under this Lease shall continue until the day on which the Public Taking authority takes possession therefore. If the whole or any part of the Leased Premises is Publicly Taken, Landlord OR TENANT shall have the option, to be exercised on written notice to the OTHER PARTY to terminate this Lease and such termination shall be effective on the day the Public Taking authority takes possession of the whole or the portion of the Property Publicly Taken. Rent and all other payments shall be adjusted as of the date of such termination and the Tenant shall, on the date of such Public taking, vacate the Leased Premises and surrender the same to the Landlord, with the Landlord having the right to re-enter and repossess the Leased Premises discharged of this Lease and to remove all persons therefrom. In this paragraph the words "Public Taking" shall include expropriation and condemnation and shall include a sale by the Landlord to any authority with powers of expropriation, condemnation or taking, in lieu of or under threat of expropriation or taking and "Publicly Taken" shall have a corresponding meaning. Standard Lease Form INITIALS Form FSGLI (894) --------------------- Landlord Tenant (THE REMAINDER OF THIS SECTION IS MISSING) Standard Lease Form INITIALS Form FSGLI (894) --------------------- Landlord Tenant
PUBLIC TAKING. If the whole or any part of the apartment be taken or condemned for any public or quasi-public use or purpose, then and in that event, the term of this Agreement shall cease and terminate from the date when the possession of the part so taken shall be required for such use or purpose and without apportionment of the award. If a substantial part of the building shall be so taken or condemned as to make it uneconomical for Landlord, as determined in Landlord’s sole option and upon notice to Tenant from Landlord, the term of this Agreement shall cease and terminate on the date when possession of the part so taken shall be required for such use or purpose and without apportionment of the award. The current rental, however, shall in any such case be apportioned.
PUBLIC TAKING. If the Building becomes the subject of condemnation, an eminent domain proceeding or a like court proceeding which materially affects the conduct of Tenant's business in the Premises, Landlord or Tenant may terminate this Lease upon written notice to the other party delivered within ninety (90) days of the date title vests in the condemner. All compensation or damages awarded or paid upon the total, partial or temporary taking of the Building shall be the property of Landlord; provided, however, that nothing herein contained shall be construed to preclude Tenant from prosecuting any claim directly against the condemning authority for business dislocation damages, moving expenses, removal expenses, and depreciation to, damage to or cost of the removal of, transportation of and reinstallation of the removable stock, goods, fixtures, furniture, machinery, equipment and other personal property of the Tenant or any other damages which are payable to tenants under the provision of the Eminent Domain Code of Pennsylvania and under any other applicable law, provided, in each instance, that any sums awarded to Tenant do not in any way diminish or otherwise adversely affect the amount of any award(s) which may be payable to Landlord. Tenant shall not be precluded from prosecuting any other claim directly against the condemning authority in such condemnation proceedings or otherwise for any damages allowed to Tenant by law if such claim shall not diminish or otherwise adversely affect Landlord's award. If the condemnation shall result in the taking of only a portion of the Building and shall not materially adversely affect the conduct of Tenant's business in the Premises, this Lease and Tenant's obligations hereunder, including, without limitation, the payment in full of all Base Rent and Additional Rent, shall continue in full force and effect.
PUBLIC TAKING. 18 10 Rent........................................ 3(d) 3 Taxes....................................... 2(b) C-1 Tenant...................................... 1
PUBLIC TAKING. The entire Building or a part of it can be acquired (condemned) by any government or government agency for a public or quasi-public use or purpose. If this happens, this Lease shall end on the date the government or agency take title, You shall have no claim against Owner for any damage resulting; You also agree that by signing this Lease, You assign to Owner any claim against the Government or Government agency for the value of the unexpired portion of this Lease.
PUBLIC TAKING. If all or substantially all of the Premises shall be sold to or taken by any public authority under its power of condemnation or the threat thereof, this Lease shall terminate as of the date possession shall be transferred to the acquiring authority, and the rental payable hereunder shall be apportioned accordingly. Upon any taking of less than substantially all of the Premises, this Lease shall continue in force as to the part of the Premises not taken. In the event of any such partial taking, Landlord shall, to the extent proceeds of any award are
PUBLIC TAKING. 9 18. Default...............................................................10 19. Termination...........................................................12 20. Holdover..............................................................13 21.
PUBLIC TAKING. Should any portion of the premises leased herein, either land or improvement, be taken or condemned by any public authority or other authorities, government or private, having the power to condemn or exercise the power of expropriation or eminent domain, for use as a street or highway, pipeline, by a utility, or otherwise, Lessee shall not be entitled to any diminution of rent or any damages from Lessor, but Lessee shall look solely to such public authority for any damage or inconvenience Lessee may suffer thereby. Provided that if the premises and improvements thereon be so altered or destroyed by such condemnation or taking as to render it totally unfit for the purpose of Lessee as herein provided, then this lease shall terminate and both Lessee and Lessor shall be relieved of all further obligations hereunder.
