Taking Resulting in Termination Clause Samples

Taking Resulting in Termination. In the event that all or substantially all of the Premises shall be taken under the power of eminent domain, or that any portion of the Project shall be so taken so as to render the Building not reasonably suitable for continuation of business in Landlord’s or ▇▇▇▇▇▇▇▇’s lender’s absolute discretion, this Lease shall thereupon terminate as of the date possession shall be so taken. In the event that a portion of the Floor Area of the Premises shall be taken under the power of eminent domain and the portion not so taken will not be reasonably adequate for the operation of Tenant’s business notwithstanding Landlord’s performance of restoration as hereinafter provided, this Lease shall terminate as of the date possession of such portion is taken. If this Lease is terminated, all rent shall be paid up to the date that actual possession of the Premises, or a portion thereof, is taken by public authority, and Landlord shall make an equitable refund of any rent paid by ▇▇▇▇▇▇ in advance and not yet earned.

Taking Resulting in Termination. If any part of the Premises or ------------------------------- more than fifty percent (50%) of the Improvements of the Property shall be taken under the power of eminent domain, this Lease shall thereupon terminate as of the date possession shall be so taken. If this Lease is terminated, all Rent shall be paid up to the date that possession is taken by public authority, and Landlord shall make an equitable refund of any Rent paid by Tenant in advance and not yet earned.

Taking Resulting in Termination. In the event the entire Premises shall be appropriated or taken under the power of eminent domain by any public or quasi-public authority, agency or instrumentality, this Lease shall terminate and expire as of the date of such taking, and Landlord and Tenant shall each thereupon be released from any further liability accruing under this Lease (except that neither party shall Tenant shall not be released from those liabilities and obligations that, pursuant to the other terms and conditions of this Lease, expressly survive the termination of this Lease). In the event more than twenty- five percent (25%) of the leasable square footage of the Premises or such smaller portion as may result in the remaining premises to be inadequate for the economical operation of Tenant’s business is taken under the power of eminent domain by any public or quasi-public authority, agency or instrumentality, or if by reason of any appropriation or taking of a portion of the Premises, regardless of the amount so taken, the remainder of the Premises is not a contiguous parcel of property, either Landlord or Tenant shall have the right to terminate this Lease as of the date Tenant is required to vacate the portion of the Premises so taken, upon giving notice in writing of such election within sixty (60) thirty (30) days after receipt by Tenant from Landlord of written notice that said Premises have been so appropriated or taken. Landlord shall, after learning of any appropriation or taking, give prompt notice in writing thereof to Tenant. Be careful not to limit your remedy under the applicable law for the governing jurisdiction.

Taking Resulting in Termination. If title to all of the Building is taken or so much of the Building is taken for any public or quasi-public use under any statute or by right of eminent domain (or is transferred in lieu thereof) so that reconstruction of the Building will not result in the Building being suitable for Tenant's continued occupancy for the uses and purposes permitted by this Lease, as determined by Tenant in its reasonable business judgment, this Lease shall terminate as of the date possession of the Building or such part of the Building is so taken.

Taking Resulting in Termination. If during the Term any portion of the Leased Premises, is taken for any public or quasi-public use under governmental law, ordinance or regulation, or by right of eminent domain, or by private purchase in lieu thereof (collectively referred to herein as a “Condemnation”) and the taking substantially prevents the use of the Leased Premises for the purposes contemplated hereunder, then either Landlord or Tenant shall be permitted, upon written notice given to the other Person no later than thirty (30) days after the date of the Condemnation, to terminate this Lease. In the event of such termination, upon payment by Tenant of all Rent and other sums then due and payable hereunder, this Lease shall terminate effective as of the date of the Condemnation, except with respect to outstanding obligations and liabilities of Tenant hereunder, actual or contingent, which have arisen on or prior to such termination date.

Taking Resulting in Termination. If all or substantially all of the Premises shall be taken under the power of eminent domain, this Lease shall terminate as of the date possession shall be so taken. If a portion of the floor area of the Premises shall be taken under the power of eminent domain and the remaining portion will not be reasonably adequate for the operation of Tenant's business, notwithstanding Landlord's performance of restoration as herein provided, this Lease shall terminate as of the date possession of that portion is taken. If this Lease is terminated, all rent shall be paid to the date that possession is taken by public authority and Landlord shall make an equitable refund of any rent paid by Tenant in advance and not earned.

Taking Resulting in Termination. In the event that all or substantially all of the Sublease Premises shall be taken under the power of eminent domain, or that any portion of the Building or Premises shall be so taken so as to render the same not reasonably suitable for continuation of business in Sublandlord’s reasonable discretion, this Sublease shall terminate as of the date possession shall be so taken. In the event that a portion of the floor area of the Sublease Premises shall be taken under the power of eminent domain and the portion not so taken will not be adequate for the operation of Subtenant’s business, notwithstanding Sublandlord’s performance of restoration hereinafter provided, this Sublease shall terminate as of the date possession of such portion is taken. If this Sublease is terminated, all Rent shall be paid up to the date that actual possession of the Sublease Premises, or a portion thereof, is taken by public authority, and Sublandlord shall make an equitable refund of any Rent paid by Subtenant in advance and not yet earned.