Total Taking definition
Total Taking means the Taking of the fee title to all the Premises and the Improvements on the Premises, which shall be considered to include any offsite improvements effected by Tenant to serve the Premises or the improvements or the parking on the Premises.
Total Taking means the taking by Condemnation of all of the Premises and all of the Improvements.
Total Taking means the taking of the entire Premises or so much of the Premises as to prevent or substantially impair the use thereof by Tenant for the uses herein specified; provided, however, in no event shall a Taking of less than ten percent (10%) of the Premises be deemed a Total Taking; (3) "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.
Examples of Total Taking in a sentence
If the Total Taking occurs before the final Tenant Improvement Payment has been made, earned but unpaid amounts shall be equivalent to the value of the portion of the Work completed by Contractor through the date of the Total Taking, up to the total GMP.
This Request for Total Taking and Waiver and Release (the “Waiver and Release”) is made this day of , 2019 by ▇▇▇▇▇▇▇▇▇ ▇.
If a Total Taking occurs, then any unpaid Rent shall be fully payable as of the Date of Taking and this Lease shall be terminated as of the Date of Taking.
More Definitions of Total Taking
Total Taking means the taking of the Fee Title Estate to so much of the premises or a portion of the building in which the Demised Premises is located, by right of Eminent Domain or other authority of law or a voluntary transfer under the threat of the exercise of the right of Eminent Domain or other authority. The term "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.
Total Taking means the Condemnation of all or a substantial portion of the Premises which renders the Premises unsuitable for the Permitted Uses.
Total Taking means a Taking, whether permanent or for temporary use, which, in the reasonable judgment of the Beneficiary, shall substantially interfere with and adversely affect the normal operation of the Property by the Trustor to such an extent as would reasonably be anticipated to cause a Material Adverse Effect.
Total Taking means a Taking, whether permanent or for temporary use, which, in the reasonable judgment of the Grantee, shall substantially interfere with and adversely affect the normal operation of the Property by the Grantor to such an extent as would reasonably be anticipated to cause a Material Adverse Effect.
Total Taking means the Taking of the entire Premises or so much of the Premises, Building or Common Area as to prevent or substantially impair the use thereof by Tenant for the uses herein specified; provided, however, that in no event shall the Taking of less than twenty percent (20%) of the Premises or fifty percent (50%) of the Building and Common Area be considered a Total Taking; (c) "Partial Taking" means the Taking of only a portion of the Premises, Building or Common Area which does not constitute a Total Taking; (d) "Date of Taking" means the date upon which the title to the Premises, Building or Common Area 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 (e) "Award" means the amount of any award made, consideration paid, or damages ordered as a result of a Taking.
Total Taking means the taking of the fee title to all of the Property.
Total Taking means the taking of the fee title to all of the Leased Premises and the improvements thereon.