Common use of Total Taking - Termination Clause in Contracts

Total Taking - Termination. If the entire Premises are taken or so transferred, this Lease and all of the right, title and interest of Tenant hereunder shall cease on the date title to such land so taken or transferred vests in the condemning authority. In such event, all Rent and other charges payable by Tenant to Landlord hereunder attributable to the Premises, or portion thereof taken, shall be paid by Tenant up to and prorated through the date title vests in the condemning authority.

Appears in 3 contracts

Samples: Sub Lease, Sub Lease, Sub Lease

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Total Taking - Termination. If the entire Premises are taken or so transferred, this Lease Secondary Sublease and all of the right, title and interest of Tenant hereunder shall cease on the date title to such land so taken or transferred vests in the condemning authority. In such event, all Rent and other charges payable by Tenant to Landlord hereunder attributable to the Premises, or portion thereof taken, shall be paid by Tenant up to and prorated through the date title vests in the condemning authority.

Appears in 2 contracts

Samples: Secondary Sub Lease, Secondary Sub Lease

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Total Taking - Termination. If In the event the entire Premises are taken or so transferred, this Lease and all of the right, title and interest of Tenant hereunder thereunder shall cease on the date title to such land so taken or transferred vests in the condemning authority. In , and the proceeds of such event, all Rent and other charges payable by Tenant to Landlord hereunder attributable to the Premises, or portion thereof taken, condemnation shall be divided between Landlord and Tenant with the fair market value of the Land paid by Tenant up to Landlord, and prorated through the date title vests in remainder of the condemning authorityproceeds paid to Tenant.

Appears in 1 contract

Samples: Ground Lease Agreement

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