Common use of Termination Option for Partial Condemnation Clause in Contracts

Termination Option for Partial Condemnation. Should, during the Term of this Sublease or any renewal or extension thereof, title and possession of more than [%] of the floor area of the Leased Premises, and/or more than [%] of the parking area of the Leased Premises be taken under the power of eminent domain by any public or quasi- public agency or entity, Sublessor may terminate this Sublease. The option herein reserved shall be exercised by giving written notice on or before days after actual physical possession of the portion subject to the eminent domain power is taken by the agency or entity exercising that power and this Sublease shall terminate as of the date the notice is deemed given.

Termination Option for Partial Condemnation. Should, during the Term of this Sublease or any renewal or extension thereof, title and possession of more than [ten percent (10%] ) of the floor area of the Leased Premises, and/or more than [ten percent (10%] ) of the parking area of the Leased Premises be taken under the power of eminent domain by any public or quasi- quasi-public agency or entity, Sublessor may terminate this Sublease. The option herein reserved shall be exercised by giving written notice on or before thirty (30) days after actual physical possession of the portion subject to the eminent domain power is taken by the agency or entity exercising that power and this Sublease shall terminate as of the date the notice is deemed given.

Termination Option for Partial Condemnation. Should, during the Term of this Sublease or any renewal or extension thereof, thereof title and possession of more than [%] 25% of the floor area of the Leased Premises, and/or more than [%] 50% of the parking area of the Leased Premises be taken under the power of eminent domain by any public or quasi- quasi-public agency or entity, . Sublessor may terminate this Sublease. The option herein reserved shall be exercised by giving written notice on or before FOURTEEN days after actual physical possession of the portion subject to the eminent domain power is taken by the agency or entity exercising that power and this Sublease shall terminate as of the date the notice is deemed given.

Termination Option for Partial Condemnation. Should, during the Term of this Sublease or any renewal or extension thereof, title and possession of more than [%] 10% of the floor area of the Leased Premises, and/or more than [%] 25% of the parking area of the Leased Premises be taken under the power of eminent domain by any public or quasi- quasi-public agency or entity, Sublessor may terminate this Sublease. The option herein reserved shall be exercised by giving written notice on or before ten (10) days after actual physical possession of the portion subject to the eminent domain power is taken by the agency or entity exercising that power and this Sublease shall terminate as of the date the notice is deemed given.

Termination Option for Partial Condemnation. Should, during the Term of this Sublease or any renewal or extension thereof, title and possession of more than [%] substantially all of the floor area of the Leased Premises, and/or more than [%] substantially all of the parking area of the Leased Premises be taken under the power of eminent domain by any public or quasi- quasi-public agency or entity, Sublessor may terminate this Sublease. The option herein reserved shall be exercised by giving written notice on or before 30 days after actual physical possession of the portion subject to the eminent domain power is taken by the agency or entity exercising that power and this Sublease shall terminate as of the date the notice is deemed given.