Common use of Termination Option on Substantial Taking Clause in Contracts

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 days after the Taking Date. In such event this Lease will terminate 30 days after the date of Xxxxxx’s notice of termination and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 days after the Taking Date. In such event this Lease will terminate 30 days after the date of XxxxxxLessee’s notice of termination and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 days after the Taking Date. In such event this Lease will terminate 30 days after the date of Xxxxxx’s notice of termination and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 days after the Taking Date. In such event this Lease will terminate 30 days after the date of XxxxxxLessee’s notice of termination and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.possession.‌

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 sixty (60) days after the Taking Date. In such event event, this Lease will terminate 30 thirty (30) days after the date of Xxxxxx’s notice of termination termination, and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 days after the Taking Date. In such event this Lease will terminate 30 days after the date of Xxxxxx’s notice of termination and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.possession.‌

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 days after the Taking Date. In such event this Lease will terminate 30 days after the date of XxxxxxLessee’s notice of termination and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 days after the Taking Date. In such event this Lease will terminate 30 days after the date of Xxxxxx’s notice of termination and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.possession.‌

Termination Option on Substantial Taking. ‌ If a Substantial Taking occurs during the Term, Lessee may, at its option, terminate this Lease by giving notice to Lessor on or before 60 sixty (60) days after the Taking Date. In such event event, this Lease will terminate 30 thirty (30) days after the date of XxxxxxLessee’s notice of termination termination, and all Base Rent and other Rent will be apportioned to the date Lessee surrenders possession.