Common use of Termination by Tenant Clause in Contracts

Termination by Tenant. If the whole of the Premises shall be taken by condemnation or eminent domain, then the Term hereof shall cease as of the day of the vesting of title, or as of the day possession shall be so taken, whichever is earlier. If only a portion of the Premises or any portion of the Parking Deck is so taken such that Tenant’s use of the Premises shall no longer be practicable or desirable in Tenant’s sole and absolute discretion, Tenant shall be entitled to terminate this Lease, effective as of the day of the vesting of title or as of the date possession shall be so taken, whichever is earlier, upon giving written notice thereof to Landlord. If Tenant does not elect to terminate this Lease, it shall restore the Premises to an architectural unit. Tenant shall notify Landlord of its election either to terminate or restore not later than forty-five (45) days after any such taking.