Common use of Temporary Takings Clause in Contracts

Temporary Takings. Notwithstanding anything to the contrary in this Section, if there is a Taking of all or any part of the Premises or Common Areas for less than one hundred eighty (180) consecutive days, then (a) this Lease will not be affected by the temporary Taking; (b) Tenant will continue to pay Rent and perform all of the terms, conditions, and covenants of this Lease; (c) Tenant will be entitled to receive that portion of any Award for the use or occupancy of the Premises up to the total Rent owing by Tenant for the period of the Taking; and (d) City will be entitled to receive the balance, if any, of the Award.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Temporary Takings. Notwithstanding anything to the contrary in this Section, if there is a Taking of occurs with respect to all or any part of the Premises or Common Areas for less than one hundred eighty a limited period of time not in excess of sixty (18060) consecutive days, then (a) this Lease will not be affected by the temporary Taking; (b) shall remain unaffected thereby, and Tenant will shall continue to pay Rent and to perform all of the terms, conditions, conditions and covenants of this Lease; (c) . In the event of such temporary Taking, Tenant will shall be entitled to receive that portion of any Award representing compensation for the use or occupancy of the Premises during the Term up to the total Rent owing by Tenant for the period of the Taking; , and (d) City will shall be entitled to receive the balance, if any, balance of the any Award.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Temporary Takings. Notwithstanding anything to the contrary in this Section, if there is a Taking of occurs with respect to all or any part of the Premises or Common Areas for less than one hundred eighty a limited period of time not in excess of sixty (18060) consecutive days, then (a) this Lease will not be affected by the temporary Taking; (b) Tenant will shall remain unaffected thereby, and Lessee shall continue to pay Rent and to perform all of the terms, conditions, conditions and covenants of this Lease; (c) Tenant will . In the event of such temporary Taking, Lessee shall be entitled to receive that portion of any Award representing compensation for the use or occupancy of the Premises during the Term up to the total Rent owing by Tenant Lessee for the period of the Taking; , and (d) City will shall be entitled to receive the balance, if any, balance of the any Award.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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