Common use of Termination of Lease Due to Condemnation Clause in Contracts

Termination of Lease Due to Condemnation. In the event that the Condemnation materially adversely affects the use of the Premises as defined in Section 8, as reasonably determined by Tenant and Landlord, Tenant may terminate the Lease by giving Landlord sixty (60) days’ written notice of its intention to terminate the Lease after receiving notice of the Condemnation from the condemning authority. The effective date of the termination shall be the actual date of such taking. In the event of termination, the rent for the last month of Tenant’s occupancy shall be prorated and Landlord shall refund to Tenant any rent paid in advance and Tenant shall thereupon be released from its obligation to pay rent.

Termination of Lease Due to Condemnation. In the event that the Condemnation materially adversely affects the use use, operation or economic viability of the Premises as defined in Section 8, as reasonably determined by Tenant and LandlordPremises, Tenant may terminate the Lease by giving Landlord sixty (60) days’ written notice of its intention to terminate the Lease after receiving notice of the Condemnation from the condemning authority, provided the loan by Landlord’s Lender is paid in full prior to such termination. The effective date of the termination shall be the actual date of such taking. In the event of termination, the rent for the last month of Tenant’s occupancy shall be prorated and Landlord shall refund to Tenant any rent paid in advance and Tenant shall thereupon be released from its obligation to pay rent.

Termination of Lease Due to Condemnation. In the event that the Condemnation materially adversely affects the use of the Premises as defined in Section 8, as reasonably determined by Tenant and Landlord, Tenant may terminate the Lease by giving Landlord sixty (60) days’ ' written notice of its intention to terminate the Lease after receiving notice of the Condemnation from the condemning authority. The effective date of the termination shall be the actual date of such taking. In the event of termination, the rent for the last month of Tenant’s 's occupancy shall be prorated and Landlord shall refund to Tenant any rent paid in advance and Tenant shall thereupon be released from its obligation to pay rent.

Termination of Lease Due to Condemnation. In the event that the Condemnation materially adversely affects the use of the Premises as defined in Section 8, as reasonably determined by Tenant and Landlord, Tenant may terminate the Lease by giving Landlord sixty (60) days’ , written notice of its intention to terminate the Lease after receiving notice of the Condemnation from the condemning authority. The effective date of the termination shall be the actual date of such taking. In the event of termination, the rent for the last month of Tenant’s occupancy shall be prorated and Landlord shall refund to Tenant any rent paid in advance and Tenant shall thereupon be released from its obligation to pay rent.