Common use of CONDEMNATION OF COMMON AREA Clause in Contracts

CONDEMNATION OF COMMON AREA. If any part of the Common Area is taken as aforesaid, this License shall not terminate nor shall the License Fees payable hereunder be reduced, except that either Licensor or Licensee may terminate this License as to such location if the area of the Common Area remaining following such taking plus any additional parking area provided by Licensor in reasonable proximity to the Store is less than seventy percent (70%) of the area of the Common Area immediately prior to the taking. Any election to terminate this License as to such location in accordance with this provision shall be evidenced by written notice of termination delivered to the other party within thirty (30) days after the date physical possession is taken by the condemning authority.