Common use of RELOCATION OF LESSEE Clause in Contracts

RELOCATION OF LESSEE. In the event of a termination of this Lease as a result of damage, destruction or taking, Lessor shall take reasonable steps to grant Lessee a leasehold interest, similar to the interest created by this Lease, in another tract that it owns, if such other tract can reasonably be made available. In accepting such a leasehold interest, Lessee agrees to contribute any proceeds or award received by Lessee to purchase or develop Improvements on such tract. Lessor’s failure to supply such a leasehold interest shall not give rise to any cause of action by Lessee against Lessor.

RELOCATION OF LESSEE. In the event of a termination of this Lease as a result by reason of damage, destruction casualty or taking, Lessor shall take reasonable steps to grant Lessee a leasehold interest, similar to the interest created by this Lease, in another tract that it owns, if such other tract can reasonably be made available. In accepting such a leasehold interest, is available and Lessee agrees to contribute any proceeds or award received by Lessee to purchase or develop Improvements on such tract. Lessor’s failure other property and enter a Lease substantially similar to supply such a leasehold interest shall not give rise to any cause of action by Lessee against Lessorthis one.

RELOCATION OF LESSEE. In the event of a termination of this Lease as a result of damage, destruction or taking, Lessor shall take reasonable steps to grant Lessee a leasehold interest, similar to the interest created by this Lease, in another tract that it owns, if such other tract can reasonably be made available. In accepting such a leasehold interest, Lessee Xxxxxx agrees to contribute any proceeds or award received by Lessee Xxxxxx to purchase or develop Improvements on such tract. Lessor’s failure to supply such a leasehold interest shall not give rise to any cause of action by Lessee Xxxxxx against Lessor.