Taking for Temporary Use. If there is a Taking of the Leased Premises for temporary use for a period equal to or less than eight (8) months, this Lease shall continue in full force and effect, Tenant shall continue to comply with Tenant’s obligations under this Lease not rendered physically impossible by such Taking, neither the Term nor the Rent shall be reduced or affected in any way, but the Rent shall continue at the level of the last Rent paid prior to the Taking (including any subsequent increases in such Rent provided for under this Lease), and Tenant shall be entitled to any and all Awards for the use or estate taken. If any such Taking is for a period extending beyond such eight (8) month period, the Taking shall be treated as a total, substantial or partial taking, as appropriate.
Appears in 3 contracts
Samples: Disposition and Development Agreement, Disposition and Development Agreement, Disposition and Development Agreement
Taking for Temporary Use. If there is a Taking of the Leased Premises for temporary use for a period equal to or less than eight six (8) 6) months, this Lease shall continue in full force and effect, Tenant shall continue to comply with Tenant’s obligations under this Lease not rendered physically impossible by such TakingLease, neither the Term nor the Rent rent shall be reduced or affected in any way, but the Rent shall continue at the level of the last Rent annual rent (regardless of whether computed on a fixed or percentage basis) paid prior to the Taking (including any subsequent increases in such Rent annual rent provided for under this Lease), and Tenant shall be entitled to any and all Awards Award for the use or estate taken. If any such Taking taking is for a period extending beyond such eight six (8) 6) month period, the Taking shall be treated as a totalunder the foregoing provisions for Total, substantial or partial takingSubstantial and Partial Takings, as appropriate.
Appears in 3 contracts
Samples: Joint Occupancy Lease, Joint Occupancy Lease, Joint Occupancy Lease
Taking for Temporary Use. If there is a Taking of the Leased Premises for temporary use for a period equal to or less than eight (8) months, this Lease shall continue in full force and effect, Tenant shall continue to comply with Tenant’s 's obligations under this Lease not rendered physically impossible by such Taking, neither the Term nor the Rent shall be reduced or affected in any way, but the Rent shall continue at the level of the last Rent paid prior to the Taking (including any subsequent increases in such Rent provided for under this Lease), and Tenant shall be entitled to any and all Awards for the use or estate takentaken subject to the rights of any Lender. If any such Taking is for a period extending beyond such eight (8) month period, the Taking shall be treated as a total, substantial or partial taking, as appropriate, with the written consent of the Lender.
Appears in 1 contract
Taking for Temporary Use. If there is a Taking of the Leased Premises Property for temporary use for a period equal to or less than eight six (8) 6) months, this Lease shall continue in full force and effect, Tenant shall continue to comply with Tenant’s obligations under this Lease not rendered physically impossible by such Taking, neither the Term nor the Base Rent shall be reduced or affected in any way, but the Base Rent shall continue at the level of the last Base Rent paid prior to the Taking (including any subsequent increases in such Base Rent provided for under this Lease), and Tenant shall be entitled to any and all Awards Award for the use or estate taken. If any such Taking is for a period extending beyond such eight six (8) 6) month period, the Taking shall be treated as a totalunder the foregoing provisions for Total, substantial or partial takingSubstantial and Partial Takings, as appropriate.appropriate.
Appears in 1 contract
Samples: Ground Lease Agreement
Taking for Temporary Use. If there is a Taking of the Leased Premises for temporary use for a period equal to or less than eight (8) months, this Lease shall continue in full force and effect, Tenant shall continue to comply with Tenant’s 's obligations under this Lease not rendered physically impossible by such Taking, neither the Term nor the Rent shall be reduced or affected in any way, but the Rent shall continue at the level of the last Rent paid prior to the Taking (including any subsequent increases in such Rent provided for under this Lease), and Tenant shall be entitled to any and all Awards for the use or estate taken. If any such Taking is for a period extending beyond such eight (8) month period, the Taking shall be treated as a total, substantial or partial taking, as appropriate.
Appears in 1 contract
Samples: Ground Sublease (Minimed Inc)