Common use of Termination on Substantial Taking Clause in Contracts

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Demised 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 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 Agreement (Alliance Data Systems Corp), Lease (Insmed Inc), Lease Agreement (Solera National Bancorp, Inc.)

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Termination on Substantial Taking. If there is a Substantial Taking with respect to the Demised Premises or the BuildingPremises, 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 Basic 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: Net Lease (TopBuild Corp), Lease (Inveresk Research Group Inc), Net Lease (Closure Medical Corp)

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Demised Premises or the BuildingPremises, 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 Basic 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 Agreement (Hypertension Diagnostics Inc /Mn)

Termination on Substantial Taking. If there is a Substantial Taking Talcing with respect to the Demised 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 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 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 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 (Carrier Access Corp)

Termination on Substantial Taking. If there is a Substantial Taking with respect to the Demised Premises or the BuildingPremises, 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 Basic 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: Net Lease (nFinanSe Inc.)

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Termination on Substantial Taking. If there is a --------------------------------- Substantial Taking with respect to the Demised Premises or the BuildingTaking, 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 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 or the BuildingPremises, 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 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 Demised Premises or the BuildingPremises, 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 Basic 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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