Common use of Substantial Taking Clause in Contracts

Substantial Taking. Subject to the provisions of Section 19.4 below in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s use and occupancy of the Premises as reasonably determined by Landlord, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 5 contracts

Samples: Office Lease (Auspex Pharmaceuticals, Inc.), Office Lease (Auspex Pharmaceuticals, Inc.), Office Lease (Orexigen Therapeutics, Inc.)

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Substantial Taking. Subject to the provisions of Section 19.4 below below, in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s 's use and occupancy of the Premises as reasonably determined by Landlord, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 4 contracts

Samples: Multi Tenant Industrial Lease (Triple Net) (Aurora Biosciences Corp), Multi Tenant Industrial Lease (E Digital Corp), Multi Tenant Industrial Lease (Aurora Biosciences Corp)

Substantial Taking. Subject to the provisions of Section 19.4 below Subparagraph 21.4 below, in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s 's use and occupancy of the Premises as reasonably determined by Landlord, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 3 contracts

Samples: Office Lease (SHG Holding Solutions Inc), Office Lease (Cardiogenesis Corp /Ca), Office Lease (Leasehold Resource Group LLC)

Substantial Taking. Subject to the provisions of Section 19.4 below 17.4, in case the whole of the Premises, or such part thereof of the Premises as shall substantially interfere with Tenant’s 's use and occupancy of the Premises as reasonably determined by Landlord, 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, or sold to prevent such taking, either party Party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 1 contract

Samples: Lease Agreement (Eyeonics Inc)

Substantial Taking. Subject to the provisions of Section 19.4 below below, in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s use and occupancy of the Premises as reasonably determined by Landlord, shall be 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 shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 1 contract

Samples: Retail Lease (La Rosa Holdings Corp.)

Substantial Taking. Subject to the provisions of Section 19.4 below in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s 's use and occupancy of the Premises as reasonably determined by LandlordLandlord and Tenant, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 1 contract

Samples: Lease (Doubleclick Inc)

Substantial Taking. Subject to the provisions of Section 19.4 below below, in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s use and occupancy of the Premises Premises, as reasonably determined by LandlordLandlord or Tenant, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 1 contract

Samples: Multi Tenant Industrial Lease (Lacrosse Footwear Inc)

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Substantial Taking. Subject to the provisions of Section 19.4 below below, in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s 's use and occupancy of the Premises as reasonably determined by LandlordTenant, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 1 contract

Samples: Multi Tenant Lease (Encore Capital Group Inc)

Substantial Taking. Subject to the provisions of Section 19.4 below in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s 's use and occupancy of the Premises as reasonably determined by Landlord, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 1 contract

Samples: Office Lease (Hi/Fn Inc)

Substantial Taking. Subject to the provisions of Section 19.4 below in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s use and occupancy of the Premises as reasonably determined by LandlordPremises, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 1 contract

Samples: Lease Agreement (Apache Design Solutions Inc)

Substantial Taking. Subject to the provisions of Section 19.4 below below, in case the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s use and occupancy of the Premises as reasonably determined by Landlord, 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, or sold to prevent such taking, either party shall have the right to terminate this Lease effective as of the date possession is required to be surrendered to said authority.

Appears in 1 contract

Samples: Multi Tenant Industrial Lease (BioMed Realty Trust Inc)

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