Insubstantial Taking means a Taking such that the Premises can thereafter continue to be used by Tenant for carrying on, at substantially the same level or scope, the business theretofore conducted by Tenant on the Premises.
Insubstantial Taking means a Taking which does not constitute a Substantial Taking.
Insubstantial Taking means a condemnation of a portion of any Hotel -------------------- that is less than all or substantially all of, or less than a material portion of, such Hotel if: (i) the Improvements can be restored to substantially the same physical condition which prevailed therein and thereon prior to such condemnation at a cost not exceeding the condemnation award payable with respect thereto, (ii) the condemnation does not cause a material reduction in the size or useability of any such Hotel or any material disruption to Tenant's use and occupancy of such Hotel, and (iii) such condemnation will not materially reduce the operating profitability of Tenant's business at the Hotel after any restoration when compared to such profitability before the condemnation.
Examples of Insubstantial Taking in a sentence
In the event of an Insubstantial Taking, this Lease shall continue in full force and effect, Landlord shall proceed forthwith to cause the Premises to be restored as near as may be to the original condition thereof and there shall be abatement of Base Rent and Additional Rent proportionate to the extent of the space so taken.
An "Insubstantial Taking" shall mean a Taking which does not constitute a Substantial Taking.
An "Insubstantial Taking" shall mean a Taking such that the Leased Premises can thereafter continue to be used by Tenant for carrying on, at substantially the same level or scope, the business theretofore conducted by Tenant on the Leased Premises.
In the event of an Insubstantial Taking, this Lease shall continue in full force and effect, and there shall be no abatement of rent.
In the event of an Insubstantial Taking, this Lease shall continue in full force and effect, Landlord shall proceed forthwith to cause the Demised Premises, less such Taking, to be restored as near as may be to the original condition thereof and there shall be abatement of Basic Rent and Additional Rent proportionate to the extent of the space so taken.
More Definitions of Insubstantial Taking
Insubstantial Taking. If any part of the Premises is taken or condemned for any public use or purpose (including a deed given in lieu of condemnation) and this Lease is not terminated pursuant to Section 20.1, Monthly Base Rent shall be reduced for the period of such taking by an amount which bears the same ratio to the Monthly Base Rent then in effect as the number of square feet of Net Rentable Area in the Premises so taken or condemned bears to the number of square feet of Net Rentable Area specified in Section 2.1.2. Landlord, upon receipt and to the extent of the award in condemnation or proceeds of sale, shall make necessary repairs and restorations (exclusive of leasehold improvements and personal property installed by Tenant) to restore the Premises remaining to as near its former condition as circumstances will permit. Upon the taking or condemnation described in this Section 20.2, the Net Rentable Area of the premises stated in Section 2.1.2 shall be reduced for all purposes under this Lease by the number of square feet of Net Rentable Area of the Premises so taken or condemned as determined and certified by an independent, professional architect selected by Landlord, at Landlord's expense.
Insubstantial Taking means a Taking which does not constitute a Substantial Taking. If there is a Substantial Taking, the Term shall expire on the date of vesting of title pursuant to such Taking. In the event of an Insubstantial Taking with respect to the Premises, Tower or the Property, this Lease shall continue in full force and effect, Lessor shall cause the Premises (but excluding any alterations, improvements, fixtures and personal property constructed or owned by Lessee), less such Taking, to be restored as near as may be to the original condition thereof. If no part of the Premises or this Lease is affected by the Taking, and Xxxxxx retains full use and enjoyment of the Premises as provided in this Lease, then the total award, compensation, damages or consideration received or receivable as a result of a Taking (“Award”) shall be paid to and be the property of Lessor. However, in the event of a Substantial Taking, or if any portion of the Premises or this Lease is affected by the Taking, the Lessee shall be entitled to a proportionate share of the Award, which shall be paid to and be the property of Xxxxxx.
Insubstantial Taking. If any part of the Premises is taken or condemned for any public use or purpose (including a deed given in lieu of condemnation) and this Lease is not terminated pursuant to Section 20.1, Monthly Base Rent shall be reduced for the period of such taking by an amount which bears the same ratio to the Monthly Base Rent then in effect as the number of square feet of Net Rentable Area in the Premises so taken or condemned bears to the number of square feet of Net Rentable Area specified in Section 2.1.2. Landlord, upon receipt and to the extent of the award in condemnation or proceeds of sale, shall make necessary repairs and restorations (exclusive of leasehold improvements and personal property installed by Tenant) to restore the Premises remaining to as near its former condition as circumstances will permit. Upon the taking or condemnation described
Insubstantial Taking means a condemnation of a portion of the Premises that is less than all or substantially all of the Premises if (i) the Improvements can be restored to substantially the same physical condition which prevailed therein and thereon prior to such condemnation at a cost not exceeding the condemnation award payable with respect thereto, (ii) the condemnation does not cause a material reduction in the size or useability of any building on the Premises or any material disruption to Tenant's use and occupancy of the Premises, and (iii) such condemnation will not materially reduce the operating profitability of its business on the Premises after any restoration when compared to such profitability before the condemnation.
Insubstantial Taking means a Taking mat does not constitute a Substantial Taking.
Insubstantial Taking means a Taking such that the Location can thereafter continue to be used by Tenant for carrying on, at substantially the same level or scope, the business theretofore conducted by Tenant on the Location.
Insubstantial Taking means a Taking such that the Demised Premises can thereafter continue to be used by Tenant for carrying on, at substantially the same level and scope, the business theretofore conducted by Tenant on the Demised Premises and, as aforesaid, the award is sufficient for restoration.