Common use of ABSOLUTE RIGHT TO TERMINATE Clause in Contracts

ABSOLUTE RIGHT TO TERMINATE. If all or a material part of the Premises or the Building or the parking spaces is taken for any public or quasi-public use under any governmental law, ordinance or regulation or by right of eminent domain or by purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Premises for the purpose for which they are then being used, this Lease will terminate and the Rent will be abated during the unexpired portion of this Lease effective on the date physical possession is taken by the condemning authority and any unearned portion of Rent prepaid will be refunded to Tenant. Tenant will have no claim to the condemnation award, other than as to its Tenant Improvements, trade fixtures, moving expenses, and other out of pocket damages so long as such does not diminish the Landlord's award.