Substantial Taking. If all or a substantial part of the Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Premises for the purpose for which they are then being used, this Lease will terminate and the Rent will be abated during the unexpired portion of this Lease effective on the date physical possession is taken by the condemning authority. Tenant will have no claim to the condemnation award.
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Samples: Office Lease (Universal Insurance Holdings, Inc.), Office Lease (Talk Com)
Substantial Taking. If all or a substantial part of the Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Premises for the purpose for which they are then being used, this Lease will terminate and the Rent and Other Rent will be abated during the unexpired portion of this Lease effective on the date physical possession is taken by the condemning authority. Tenant will have no claim to the condemnation award.
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Samples: Office Lease (Vfinance Inc), Office Lease (Colonial Direct Financial Group Inc)
Substantial Taking. If all or a substantial part portion of the Leased Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation regulation, or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Leased Premises for the purpose for which they are it is then being used, then either Landlord or Tenant may, but is not required to, terminate this Lease will terminate and the xxxxx Base Rent will be abated and Additional Rent during the unexpired portion of this Lease effective on the date title or physical possession is taken by the condemning authority. Tenant will have no claim to the condemnation award, whichever occurs first.
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Samples: Lease Agreement (Oxford Immunotec Global PLC), Lease Agreement (Oxford Immunotec Global PLC)
Substantial Taking. If all or a substantial part of the Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation regulation, or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Premises for the purpose for which they are it is then being used, this Lease will shall terminate and the Rent will rent shall be abated during the unexpired portion of this Lease effective on the date physical possession is taken by the condemning authority. Tenant will shall have no claim to the condemnation awardaward or proceeds in lieu thereof.
Appears in 2 contracts
Samples: Sublease Agreement (Trizetto Group Inc), Office Lease (Trizetto Group Inc)
Substantial Taking. If all or a substantial part of the Leased Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation regulation, or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Leased Premises for the purpose for which they are it is then being used, this Lease will shall terminate and the Rent will rent shall be abated during the unexpired portion of this Lease effective on the date physical possession is taken by the condemning authority. Tenant will shall have no claim to the condemnation awardaward or proceeds in lieu thereof.
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Substantial Taking. If all or a substantial part of the Leased Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation regulation, or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Leased Premises for the purpose for which they are it is then being used, this the Lease will shall terminate and the Rent will rent shall be abated during the unexpired portion of this Lease effective on the date physical possession is taken by the condemning authority. Tenant will Lessee shall have no claim to the condemnation awardaward or proceeds in lieu thereof.
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Substantial Taking. If all or a substantial part of the Leased Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation regulation, or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Leased Premises for the purpose for which they are then being usedas defined in Section 3.01, this Lease will shall terminate and the Rent will rent shall be abated during the unexpired portion of this Lease effective on the date physical possession is taken by the condemning authority. Tenant will Lessee shall have no claim to the condemnation awardaward or proceeds in lieu thereof.
Appears in 1 contract
Samples: Lease Agreement (Equity Inns Inc)
Substantial Taking. If all the whole or a any substantial part of the Premises are should be taken for any public or quasi-public use under any governmental law, ordinance or regulation or regulation, by right of eminent domain or by private purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Premises for the purpose for which they are then being used, this Lease will shall, at Tenant's option, terminate and the Rent will shall be abated during the unexpired portion of this Lease Lease, effective on when the date physical possession is taken by the condemning authority. Tenant will have no claim to the condemnation awardtaking of said Premises shall occur.
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Substantial Taking. If all or a substantial part of the Leased Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation regulation, or by right or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Leased Premises for the purpose for which they are it is then being used, this Lease will shall terminate and the Rent will rent shall be abated during the unexpired portion of this Lease effective on the date physical possession is taken by the condemning authority. Tenant will Lessee shall have no claim to the condemnation awardaward or proceeds in lieu thereof.
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Samples: Lease Agreement (Electric Fuel Corp)
Substantial Taking. If all or a substantial part of the Premises ------------------ are taken for any public or quasi-public use under any governmental law, ordinance or regulation regulation, or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Premises for the purpose for which they are then being used, this Lease will Agreement shall terminate and the Rent will rent shall be abated during the unexpired portion of this Lease Agreement effective on the date physical possession is taken by the condemning authority. Tenant will have no claim to the condemnation award.
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