Common use of Constructive Taking of Entire Premises Clause in Contracts

Constructive Taking of Entire Premises. In the event of a taking of a material part but less than all of the Building, where Landlord shall reasonably determine that the remaining portions of the Premises cannot be economically and effectively used by it (whether on account of physical, economic, aesthetic or other reasons), Landlord shall forward a written notice to Tenant of such determination not more than 60 days after the date of taking. The term of this Lease shall expire upon such date as Landlord shall specify in such notice but not earlier than 60 days after the date of such notice.

Constructive Taking of Entire Premises. In the event of a taking of a material part but less than all of the BuildingPremises, where Landlord shall reasonably determine that the remaining portions of the Premises cannot be economically and effectively used by it (whether on account of physical, economic, aesthetic or other reasons), Landlord shall forward a written notice to Tenant of such determination not more than 60 sixty (60) days after the date of taking. The term of this Lease shall expire upon such date as Landlord shall specify in such the notice but not earlier than 60 sixty (60) days after the date of such notice.