Common use of Taking of Entire Premises Clause in Contracts

Taking of Entire Premises. If the whole of the Premises is condemned by any legally constituted authority, this Lease shall cease from the date of such taking and Base and Additional Rents shall be accounted for between Library and Tenant as of the date of such taking, and neither Party shall have a claim against the other for Base and Additional Rents or other value of this Lease for the unexpired portion of the Term.

Appears in 9 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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