Partial Taking definition
Partial Taking means the taking of only a portion of the Premises which does not constitute a Total Taking; (4) "Date of Taking" means the date upon which the title to the Premises, or a portion thereof, passes to and vests in the condemnor or the effective date of any order for possession if issued prior to the date title vests in the condemnor; and (5) "Award" means the amount of any award made, consideration paid, or damages ordered as a result of a Taking.
Partial Taking means any Taking (including any damaging) of a portion of the Premises, the Common Area, or any Improvements or parking thereon which is not a Total Taking.
Partial Taking means any taking of the Premises or Improvements that is neither a Total Taking nor a Substantial Taking.
Examples of Partial Taking in a sentence
In the event of a Partial Taking of the Leased Premises, the parties shall be entitled to receive and retain the Award for the portion of the Leased Premises taken, as interest may appear.
If a Partial Taking of the Leased Premises occurs, as defined in Article 1 above, (a) this Lease shall continue in effect as to the portion of the Leased Premises not taken, and (b) Tenant shall promptly commence and thereafter prosecute diligently to completion the restoration of the remainder of Improvements located in (or constituting a part of) the Leased Premises to an economically viable unit with at least as good workmanship and quality as existed prior to the Taking.
More Definitions of Partial Taking
Partial Taking. As defined in Section 15.1(b).
Partial Taking means the taking of a fee title that is not either a total or substantial taking.
Partial Taking means the taking of only a portion of the Premises which does not constitute a Total Taking.
Partial Taking means any Taking that is not either a Total Taking or a Substantial Taking.
Partial Taking means the taking of only a portion of the premises or a portion of the building in which the premises is located which does not constitute a Total Taking.
Partial Taking means the acquisition of a parcel of property.
Partial Taking means any Condemnation of a Facility or any portion thereof that is not a Complete Taking.