Substantial Condemnation means any Condemnation that (a) takes the entire Premises; (b) in Tenant’s reasonable determination renders the remaining Premises Uneconomic; or (c) occurs less than two (2) years before the end of the Term.
Substantial Condemnation has the meaning assigned to such term in Section 7.07(c).
Substantial Condemnation means any Condemnation that affects all or a substantial portion of the Leased Premises or any Condemnation that has or is reasonably likely to have a materially adverse effect on any business operations then being conducted on the Leased Premises. Tenant may waive its right to treat as a Substantial Condemnation any Condemnation that would otherwise qualify as such.
Examples of Substantial Condemnation in a sentence
If a Substantial Condemnation occurs, then this Agreement (except as it relates to allocation of the Condemnation Award and other matters surviving termination of this Agreement) shall terminate on the Condemnation Effective Date.
The Operator shall operate the Sports Center on days and at hours consistent with similar recreational sports facilities or parks at other similar locations throughout the U.S., subject to closure due to inclement weather, Substantial Casualty, Substantial Condemnation or Unavoidable Delay.
More Definitions of Substantial Condemnation
Substantial Condemnation means any Condemnation that takes the entire Premises or so much thereof that the remainder, in Lessee’s reasonable judgment (with Leasehold Mortgagee’s consent), is not capable of being Restored to an economically viable whole for the conduct of the Permitted Use specified in Section 6.1.
Substantial Condemnation means any Condemnation that, in Tenant's reasonable judgment, renders the remaining portion of a Property unsuitable for the conduct of the then current use of the Property at the time of the Condemnation. Tenant may waive its right to treat as a Substantial Condemnation any Condemnation that would otherwise qualify as such.
Substantial Condemnation means any Condemnation that (a) takes the entire Sports Center; (b) in the Operator’s reasonable determination renders the remaining Sports Center uneconomic to operate; or (c) occurs less than six (6) months before the end of the Term.
Substantial Condemnation means a Condemnation of less than the entire Premises, or of less than Tenant’s entire leasehold estate therein, where such Condemnation results in any of the following:
Substantial Condemnation means any Condemnation that (a) takes the entire Premises; or (b) in Tenant’s reasonable determination (with Leasehold Mortgagee’s consent) renders the remaining Premises unsuitable for the Permitted Uses.
Substantial Condemnation means any Condemnation that (a) takes the entire Sports Park; (b) in the Operator’s reasonable determination renders the remaining Sports Park Uneconomic; or (c) occurs less than six (6) months before the end of the Term.
Substantial Condemnation means the occurrence of: (a) the Condemnation of all of the Property; or (b) the Condemnation of part of the Property where the Estimated Costs of Restoration is 75% or more of the estimated Restored Value of the Property. “Partial Condemnation” means the occurrence of any Condemnation which is not a Substantial Condemnation.