Taking of Building. If there is a Taking of any portion of the Building so as to render, in Landlord’s judgment, the remainder unsuitable for use as an office building, Landlord shall have the right to terminate this Lease upon thirty (30) days’ notice to Tenant. Provided Tenant is not then in violation of any provision of this Lease, Tenant shall receive a proportionate refund from Landlord of any Rent Tenant paid in advance.
Taking of Building. If a condemning authority takes a portion of the Building other than the Premises, which is so substantial as to render in Landlord’s reasonable opinion the remainder uneconomic to maintain, Landlord may terminate this Lease by notifying Tenant of such termination within ninety (90) days following the date title vests in the condemning authority.
Taking of Building. If a material part of the Building shall be taken or condemned for any public purpose, for the entire Term or longer, this Lease shall terminate on the date of such taking.
Taking of Building. If at any time during the term the of this ------------------ Lease, the whole of the Building shall be taken for any public or quasi-public use, under any statute, or by right of eminent domain, except as provided herein, this Lease shall terminate on the date of such taking. If less than all of the Building shall be taken and such portion taken does not
Taking of Building. In the event, during the term of this Lease, proceedings shall be instituted under the power of eminent domain which shall result in the taking of any part of the building on the leased premises, or the taking of a portion of the parking area if the dumber of spaces is thereby reduced to such an extent that Tenants business is significantly and adversely affected, and which shall result in an eviction total or partial of the Tenant therefrom then at the time of such eviction, this Lease shall be void and the term above demised shall cease and terminate; and if Tenant shall thereafter continue possession of the premises or any part thereof, it shall be a lease from month to month and for no longer term, anything in this instrument to the contrary notwithstanding. If there is only a partial taking, not including a portion of the building or reducing parking to the extent described in the previous sentence, the Landlord shall restore the premises to the extent necessary to permit Tenant to continue its use of the premises. Provided, further, that the whole of any award for any portion of the leased premises taken by reason of said condemnation proceedings shall be solely the property of and payable to the Landlord; and provided further, that the whole of any award for removal and relocation expenses in any such condemnation proceedings shall be the sole property of, and be payable to the Tenant. It is further agreed that in any such condemnation proceedings the Landlord and Tenant shall each seek its own award and at its own expense.
Taking of Building. If there is a taking of twenty-five percent (25%) or more of the leasable floor space within the Building or if there is a taking of any portion of the Building so as to render, in Landlord's judgment, the remainder unsuitable for use as a shopping center, regardless in either case as to whether or not there is a taking of the Premises, Landlord shall have the right to terminate this Lease upon thirty (30) days' written notice to Tenant.
Taking of Building. 20 Section 12.03
Taking of Building. If the entire Building or any part thereof shall be appropriated or taken under the power of eminent domain by any public or quasi-public authority, this Lease shall terminate and expire as of the date of such taking, and Landlord and Tenant shall each thereupon be released from any liability thereafter accruing under this Lease (other than with respect to obligations that survive the termination of this Lease).
Taking of Building. If more than ten percent (10%) of the value of the Building is acquired by a Taking, whether or not any portion of the Premises is so taken, Landlord shall have the right to terminate this Lease as of the date of such Taking by giving Tenant ninety (90) days written notice of Landlord’s intent to terminate this Lease.
Taking of Building. If premises aggregating twenty-five (25%) or more of the total leasable floor area within the Building shall be taken by eminent domain, whether or not the Premises are so taken, Landlord may, at its option terminate this Lease by written notice to Tenant of its election to do so prior to the date the condemning authority acquires possession, and this Lease shall terminate on the date the condemning authority acquires possession. Notwithstanding anything to the contrary in this Section 10.03, Landlord shall not terminate this Lease as a result of a taking, unless it also exercises any comparable rights to terminate the leases of all tenants in the Building that are similarly affected by the taking (as determined by Landlord in its reasonable judgment).
