Total Condemnation, Etc. In the event all or substantially all of the Facility shall be taken in any Condemnation or in the event a portion of the Facility shall be so taken, but the result is that it is unreasonable to continue to operate the Facility in accordance with the standards required by this Agreement, this Agreement shall terminate effective as of the date of such taking or similar proceeding. Landlord and Tenant shall each have the right to initiate such proceedings as they deem advisable to recover any Award to which they may be entitled.
Appears in 15 contracts
Samples: Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc)
Total Condemnation, Etc. In the event all or substantially all of the Facility shall be taken in any Condemnation or in the event a portion of the Facility shall be so taken, but the result is that Tenant reasonably believes it is unreasonable impracticable to continue to operate the Facility in accordance with the standards required by this Agreement, this Agreement shall terminate effective as of the date of such taking or similar proceeding. Landlord and Tenant shall each have the right to initiate such proceedings as they deem advisable to recover any Award to which they may be entitled.
Appears in 2 contracts
Samples: Lease Agreement (CNL Retirement Properties Inc), CNL Retirement Properties Inc
Total Condemnation, Etc. In the event all or substantially all of the Facility shall be taken in any Condemnation or in the event a portion of the Facility shall be so taken, but the result is that it is unreasonable to continue to operate the Facility in accordance with the standards required by this Agreement, this Agreement shall terminate effective as of the date of such taking or similar proceeding. Landlord and Tenant shall each have the right to initiate such proceedings as they deem advisable to recover any Award to which they may be entitled.. Section
Appears in 2 contracts
Samples: Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc)