Common use of TERMINATION ON ACCOUNT OF TAKING Clause in Contracts

TERMINATION ON ACCOUNT OF TAKING. If any portion of the Leased Premises or any portion of the Project materially affecting the use of the Leased Premises is taken in condemnation proceedings or by any right of eminent domain, this Lease shall terminate by lapse of time, as if the Term had always ended on the effective date of the vesting of title in the condemning authority.

Appears in 1 contract

Samples: Lease (Clayton Holdings Inc)

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TERMINATION ON ACCOUNT OF TAKING. If any portion of the Leased Premises materially affecting the Leased Premises or any portion of the Project materially affecting the Tenant’s use of the Leased Premises is taken in condemnation proceedings or by any right of eminent domain, this Lease shall terminate by lapse of time, as if the Term had always ended on the effective date of the vesting of title in the condemning authority.

Appears in 1 contract

Samples: Lease (Health Net Inc)

TERMINATION ON ACCOUNT OF TAKING. If any portion of the Leased Premises or any portion of the Project materially affecting the appearance or use of the Leased Premises is taken taking in condemnation proceedings or by any right of eminent domain, this Lease shall terminate by lapse of time, as if the Term had always ended on the effective date of the vesting of title in the condemning authority.

Appears in 1 contract

Samples: Lease (Linkon Corp)

TERMINATION ON ACCOUNT OF TAKING. If any portion of the Leased Premises or any portion of the Project materially affecting the appearance or use of the Leased Premises is taken in condemnation proceedings or by any right of eminent domain, this Lease shall terminate by lapse of time, as if the Term had always ended on the effective date of the vesting of title in the condemning authority.

Appears in 1 contract

Samples: Lease (Intek Information Inc)

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TERMINATION ON ACCOUNT OF TAKING. If any portion of the Leased Premises or any portion of the Project materially affecting the use of the Leased Premises is taken in condemnation proceedings or by any right of eminent domain, this Lease shall terminate by lapse of time, as if the Term had always ended on PAGE 20 the effective date of the vesting of title in the condemning authority.

Appears in 1 contract

Samples: Clayton Holdings Inc

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