Common use of Termination on Substantial Taking Clause in Contracts

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Premises, the Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 5 contracts

Samples: Deed of Lease (TopBuild Corp), Net Lease (Closure Medical Corp), Lease (Clintrials Research Inc)

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Termination on Substantial Taking. If there is a Substantial Taking with respect to the PremisesDemised Premises or the Building, the Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Basic Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 5 contracts

Samples: Lease Option Agreement (Alliance Data Systems Corp), Lease (Insmed Inc), Lease of Space (Solera National Bancorp, Inc.)

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Demised Premises, the Lease Term shall expire on the date of vesting of title Landlord is required to surrender possession pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Basic Rent and Additional Rent theretofore thereto­ fore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 2 contracts

Samples: Master Lease, Master Lease

Termination on Substantial Taking. If there is a Substantial --------------------------------------- Taking with respect to the PremisesDemised Premises or the Building, the Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Basic Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 1 contract

Samples: And Attornment Agreement (Carrier Access Corp)

Termination on Substantial Taking. If there is a --------------------------------- Substantial Taking with respect to the PremisesTaking, the Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Basic Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 1 contract

Samples: Agreement of Lease (Yurie Systems Inc)

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Demised Premises, the Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Basic Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 1 contract

Samples: Lease (Gc Net Lease Reit, Inc.)

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Premisesa Location, the Lease Term with respect to the Location shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease with respect to the Location under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Basic Rent and Additional Rent theretofore paid by Tenant as may be applicable to the Location for the period subsequent to the time of termination of this LeaseLease with respect thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Acr Group Inc)

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Termination on Substantial Taking. If there is a Substantial Taking with respect to the Premises, the Term of this Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 1 contract

Samples: Lease (nFinanSe Inc.)

Termination on Substantial Taking. If there is a Substantial Taking Talcing with respect to the PremisesDemised Premises or the Building, the Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Basic Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 1 contract

Samples: Lease (Insmed Inc)

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Demised Premises, the Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 1 contract

Samples: Lease (Hypertension Diagnostics Inc /Mn)

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Premises, the Lease Term shall expire on the date of vesting of title pursuant to such Taking. In the event of termination of this Lease under the provisions hereof, Landlord shall refund to Tenant such amounts of Base Rent and Additional Rent theretofore paid by Tenant as may be applicable to the period subsequent to the time of termination of this Lease.

Appears in 1 contract

Samples: Lease (Immucor Inc)

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