Termination Option on Substantial Taking. If a Taking occurs during the Term of this Agreement that, in the reasonable commercial judgment of Landlord, makes the use of the Premises for a parking facility no longer possible (a “Substantial Taking”), Landlord may, at its option, terminate this Agreement as of the date physical possession of any of the Premises subject to such Taking is transferred to the condemning authority (the “Taking Date”) by giving notice to Tenant within thirty (30) days following the Taking Date.
Appears in 8 contracts
Samples: Ground Lease Agreement, Ground Lease Agreement, Ground Lease Agreement
