Common use of Substantial Taking Clause in Contracts

Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially interfere with Tenant's use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 14 contracts

Samples: Industrial Lease (AcuNetx, Inc.), Alliance Bancshares California, Office Building Lease (Exe Technologies Inc)

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Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially interfere with Tenant's ’s use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 3 contracts

Samples: Industrial Lease (Sintx Technologies, Inc.), Industrial Lease (Mfic Corp), Encore Capital Group Inc

Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially interfere with Tenant's Lessee’s use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 2 contracts

Samples: Office Lease (Ign Entertainment Inc), Standard Lease (Cotherix Inc)

Substantial Taking. If the whole of the Premises, Premises or such part thereof hereof as shall substantially interfere with Tenant's Tenant s use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.. (b)

Appears in 2 contracts

Samples: Early Possession Agreement (Litronic Inc), Early Possession Agreement (Litronic Inc)

Substantial Taking. If the whole of the Premises, The Premises or such part thereof hereof as shall substantially interfere with Tenant's Tenant s use and occupancy of the Premises, Premises as contemplated by this Lease, Lease is taken for any public or quasi-quasi- public purpose by any lawful power or authority by exercise of the right of appropriation, appropriation condemnation or eminent domain, domain or sold to prevent such taking, taking either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Litronic Inc

Substantial Taking. If the whole of the PremisesPremises or the Project, or such part thereof as shall substantially interfere with Tenant's use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Wave Systems Corp

Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially interfere with Tenant's use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any and lawful power or authority by exercise of the right of appropriation, condemnation condemnation, or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Work Letter Agreement (Virtual Mortgage Network Inc)

Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially interfere with Tenant's use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.. b)

Appears in 1 contract

Samples: Work Letter Agreement (Thinka Weight Loss Corp)

Substantial Taking. If the whole of the Premises, or such part ------------------ thereof as shall substantially interfere with Tenant's use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Lease (Auto by Tel Corp)

Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially interfere with Tenant's use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-quasi- public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Work Letter Agreement (Interplay Entertainment Corp)

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Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially and adversely interfere with Tenant's ’s use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Office Building Lease (Quest Software Inc)

Substantial Taking. If In case the whole of the Premises, or such part thereof as shall substantially interfere with prevent the operation of Tenant's use and occupancy of business on the Premises, as contemplated by this Lease, is shall be taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, domain or sold to prevent or in lieu of such taking, either party will shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to such said authority.

Appears in 1 contract

Samples: Lease Agreement (Integrated Management Information, Inc.)

Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially interfere with Tenant's use and occupancy of the Premises, Premises as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Office Building Lease (Maxwell Technologies Inc)

Substantial Taking. If the whole of the PremisesPremises or the parking areas serving the Building, or such part thereof as shall substantially materially interfere with Tenant's use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Letter Agreement (California First National Bancorp)

Substantial Taking. If the whole of the PremisesPremises or the Project, or such part thereof as shall substantially interfere with Tenant's ’s use and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

Appears in 1 contract

Samples: Office Building Lease (Monolithic System Technology Inc)

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