Common use of Temporary Takings Clause in Contracts

Temporary Takings. Notwithstanding the foregoing, if a taking occurs with respect to all or any portion of the Premises for less than ninety (90) days, this Master License shall remain unaffected thereby, and Licensee shall continue to perform all of the terms, conditions and covenants of this Master License, except that Licensee shall be entitled to an abatement in Rent to the extent that its use of a portion of the Premises as a Pole Location is materially impaired. In the event of any such temporary taking, Licensee shall be entitled to receive that portion of any award which represents compensation for the use or occupancy of the Premises during the Term up to the total Rent and additional charges owing by Licensee for the period of the taking, and City shall be entitled to receive the balance of any award.

Appears in 5 contracts

Samples: License Agreement, License Agreement, License Agreement

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