Common use of Right of Repossession Clause in Contracts

Right of Repossession. If, in compliance with any law, or ordinance now or hereafter enacted, or if required to comply with the directions or requirements of any public officer, board or commission, it becomes necessary for Landlord to acquire permanently all or any portion of the demised premises, Landlord or its assigns shall have the right to repossess the demised premises, or any portion thereof, at any time upon thirty days' written notice to Tenant, and when said space shall have been so permanently repossessed, Landlord shall, in lieu of any and all claims for damages, allow Tenant a credit on Tenant's rent in the proportion that the rental value of the space taken bears to the rental value of the whole of the demised premises; provided, however, that if the space taken is of such an amount or size as to make the remaining space unusable to Tenant, then Landlord, upon thirty (30) days' written notice from Tenant, will endeavor, if available, to furnish Tenant with comparable space elsewhere in the building and to place Tenant in such new space, and this lease and each and all of the terms, covenants and conditions thereof shall thereupon remain in full force and effect and be deemed applicable to such new space; provided, however, that if Landlord shall be unable to provide Tenant with such other space, then this lease shall thereupon cease and terminate. No exercise by Landlord of any right herein reserved shall entitle Tenant to damages for any injury or inconvenience occasioned thereby, nor shall Tenant by reason thereof be entitled to any abatement in rent (except as above set forth in case of taking of space permanently.)

Right of Repossession. If, in compliance with any law, or ordinance now or hereafter enacted, or if required to comply with the directions or requirements of any public officer, board or commission, it becomes necessary for Landlord to acquire permanently all or any portion of the demised premises, Landlord or its assigns shall have the right to repossess the demised premises, or any portion thereof, at any time upon thirty days' ’ written notice to Tenant, and when said space shall have been so permanently repossessed, Landlord shall, in lieu of any and all claims for damages, allow Tenant a credit on Tenant's ’s rent in the proportion that the rental value of the space taken bears to the rental value of the whole of the demised premises; provided, however, that if the space taken is of such an amount or size as to make the remaining space unusable to Tenant, then Landlord, upon thirty (30) days' ’ written notice from Tenant, will endeavor, if available, to furnish Tenant with comparable space elsewhere in the building and to place Tenant in such new space, and this lease and each and all of the terms, covenants and conditions thereof shall thereupon remain in full force and effect and be deemed applicable to such new space; provided, however, that if Landlord shall be unable to provide Tenant with such other space, then this lease shall thereupon cease and terminate. No exercise by Landlord of any right herein reserved shall entitle Tenant to damages for any injury or inconvenience inconvenienced occasioned thereby, nor shall Tenant by reason thereof be entitled to any abatement in rent (except as above set forth in case of taking of space permanently.)

Right of Repossession. If, If in compliance with any law, law or ordinance now or hereafter enacted, or if required to comply with the directions or requirements of any public officer, officer board or commissioncommission or if because Lessor requires the Premises for any reason whatsoever, it becomes necessary for Landlord Lessor to acquire permanently all or any portion part of the demised premisesPremises, Landlord Lessor or its assigns shall have the right to repossess the demised premisesPremises, or any portion thereof, at any time upon thirty days' (30) days written notice to Tenant, Lessee; and when said space shall have been so permanently repossessed, Landlord Lessor shall, in lieu of any and all claims for damagesdamages by Lessee, allow Tenant Lessee a credit on TenantLessee's rent in the proportion that the rental value of the space taken bears to the rental value of the whole of the demised premisesPremises; provided, however, that if the space taken is of such an amount or size as to make the remaining space unusable undesirable to TenantLessee, then LandlordLessor, upon thirty (30) days' days written notice from TenantLessee, will endeavor, if available, to furnish Tenant Lessee with comparable space elsewhere the Building in which the building Premises are situated, and to place Tenant Lessee in such new space, and in which event this lease Lease and each and all of the terms, covenants and conditions thereof thereof, shall thereupon remain in full force and effect and be deemed applicable to such new space; providedprovided further, however, that if Landlord shall be unable to provide Tenant with such other space, then this lease shall thereupon cease and terminate. No exercise by Landlord of any right herein reserved shall entitle Tenant to damages for any injury or inconvenience occasioned thereby, nor shall Tenant by reason thereof be entitled to any abatement in rent (except as above set forth in case of taking of space permanently.)Initial_______

Right of Repossession. If, in compliance with any law, or ordinance now or hereafter enacted, or if required to comply with the directions or requirements of any public officer, board or commission, it becomes necessary for Landlord to acquire permanently all or any portion of the demised premises, Landlord or its assigns shall have the right to repossess the demised premises, or any portion thereof, at any time upon thirty days' ’ written notice to Tenant, and when said space shall have been so permanently repossessed, Landlord shall, in lieu of any and all claims for damages, allow Tenant a credit on Tenant's ’s rent in the proportion that the rental value of the space taken bears to the rental value of the whole of the demised premises; provided, however, that if the space taken is of such an amount or size as to make the remaining space unusable to Tenant, then Landlord, upon thirty (30) days' ’ written notice from Tenant, will endeavor, if available, to furnish Tenant with comparable space elsewhere in the building and to place Tenant in such new spacespace and pay all costs incurred by Landlord or Tenant in such relocation, and this lease and each and all of the terms, covenants and conditions thereof shall thereupon remain in full force and effect and be deemed applicable to such new space; upon acceptance of such space by Tenant and upon its sole and absolute discretion provided, however, that if Landlord shall be unable to provide Tenant with such other space, then this lease shall thereupon cease and terminate. No exercise by Landlord of any right herein reserved shall entitle Tenant to damages for any injury or inconvenience inconvenienced occasioned thereby, nor shall Tenant by reason thereof be entitled to any abatement in rent (except as above set forth in case of taking of space permanently.)

Right of Repossession. If, in compliance with any law, law or ordinance now or hereafter enacted, or if required to comply with the directions or requirements of any public officer, board or commission, it becomes necessary for Landlord LANDLORD to acquire permanently all or any portion of the demised premisesPremises, Landlord LANDLORD or its assigns shall have the right to repossess the demised premisesPremises, or any portion thereof, at any time upon thirty days' days written notice to TenantTENANT, and when said space shall have been so permanently repossessed, Landlord the LANDLORD shall, in lieu of any and all claims for damages, allow Tenant TENANT a credit on Tenant's TENANT rent in the proportion that the rental value of the space taken bears to the rental value of the whole of the demised premisesPremises; provided, however, that if the space taken is of such an amount or size as to make the remaining space unusable undesirable to TenantTENANT, then Landlordthe LANDLORD, upon thirty (30) days' days written notice from TenantTENANT, will endeavor, if available, to furnish Tenant TENANT with comparable space elsewhere in the building Building, and to place Tenant TENANT in such new space, space and this lease Lease and each and all of the terms, covenants and conditions thereof therefore, shall thereupon remain in full force and effect and be deemed applicable to such new space; provided, however, that if Landlord the LANDLORD shall be unable to provide Tenant TENANT with such other space, then this lease Lease shall thereupon cease and terminate. No exercise by Landlord LANDLORD of any right herein reserved shall entitle Tenant TENANT to damages for any injury or inconvenience occasioned thereby, nor shall Tenant TENANT by reason thereof be entitled to any abatement in rent (except as above set forth in case of taking of space permanently).)

Right of Repossession. If, in compliance with any law, law or ordinance now or hereafter enacted, or if required to comply with the directions or requirements of any public officer, board or commission, it becomes necessary for Landlord LANDLORD to acquire permanently all or any portion of the demised premisesPremises, Landlord LANDLORD or its assigns shall have the right to repossess the demised premisesPremises, or any portion thereof, at any time upon thirty days' days written notice to TenantTENANT, and when said space shall have been so permanently repossessed, Landlord the LANDLORD shall, in lieu of any and all claims for damages, allow Tenant TENANT a credit on Tenant's TENANT rent in the proportion that the rental value of the space taken bears to the rental value of the whole of the demised premisesPremises; provided, however, that if the space taken is of such an amount or size as to make the remaining space unusable undesirable to TenantTENANT, then Landlordthe LANDLORD, upon thirty (30) days' days written notice from TenantTENANT, will endeavor, if available, to furnish Tenant TENANT with comparable space elsewhere in the building Building (which must be on the ground floor), and to place Tenant TENANT in such new space, space and this lease Lease and each and all of the terms, covenants and conditions thereof therefore, shall thereupon remain in full force and effect and be deemed applicable to such new space; provided, however, that if Landlord the LANDLORD shall be unable to provide Tenant TENANT with such other space, then this lease Lease shall thereupon cease and terminate. No exercise by Landlord LANDLORD of any right herein reserved shall entitle Tenant TENANT to damages for any injury or inconvenience occasioned thereby, nor shall Tenant TENANT by reason thereof be entitled to any abatement in rent (except as above set forth in case of taking of space permanently.). LANDLORD’s Initials: TENANT’s Initials: TENANT’s Initials: