Common use of PUBLIC TAKING Clause in Contracts

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.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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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.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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 than 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 Building shall be so taken or condemned as to make it uneconomical for Landlordthe Company, as determined in Landlordthe Company’s sole discretion, to continue the operation of the ApartmentApartment then, then at Landlordthe Company’s sole option and upon notice to Tenant Cooperator from Landlordthe Company, 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 rentalrent, however, shall in any such case be apportioned.

Appears in 1 contract

Samples: Cooperative Apartment Agreement

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 this part so taken shall be required for such use or purpose and without apportionment of the award. If a substantial part of the building Building shall be so taken or condemned as to make it uneconomical for Landlordthe Company, as determined in Landlordthe Company’s sole discretion, to continue the operation of the ApartmentApartment then, then at Landlordthe Company’s sole option and upon notice to Tenant Cooperator from Landlordthe Company, 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 rentalrent, however, shall in any such case be apportioned.

Appears in 1 contract

Samples: Lease Agreement

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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 Building shall be so taken or condemned as to make it uneconomical for Landlordthe Company, as determined in Landlord’s the Company's sole discretion, to continue the operation of the ApartmentApartment then, then at Landlord’s the Company's sole option and upon notice to Tenant Cooperator from Landlordthe Company, 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 rentalrent, however, shall in any such case be apportioned.

Appears in 1 contract

Samples: Occupancy Agreement

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