Common use of Continuation of Lease Clause in Contracts

Continuation of Lease. In the event of a taking of less than all of the Premises, this Lease shall continue in effect with respect to the portion of the Premises not so taken or specified by Tenant to be removed from this Lease.

Appears in 16 contracts

Sources: Development and Disposition Agreement, Development Agreement, Development Agreement

Continuation of Lease. In the event of a taking of less than all of the Premises, this Lease shall continue in effect with respect to the portion of the Premises not so taken or specified by Tenant to be removed from this Leasetaken.

Appears in 8 contracts

Sources: Land and Improvements Lease, Development and Disposition Agreement, Ground Lease

Continuation of Lease. In the event of a taking of less than all of the Premises, this Lease shall continue in effect with respect to the portion of the Premises not so taken or specified by Tenant to be removed from this Lease. If Tenant has made a partial payment to Landlord from the condemnation proceeds of an amount allocable to future rent, then the rent payable during the remaining term of the Lease shall be equitably adjusted to reflect the value of the payment so received.

Appears in 2 contracts

Sources: Land and Improvements Lease, Land and Improvements Lease

Continuation of Lease. In the event of If there is a taking of less than all of the Premises, this Lease shall continue in effect with respect to the portion of the Premises not so taken or specified by Tenant to be removed from this Leasetaken.

Appears in 1 contract

Sources: Standard Office Lease (Limelight Networks, Inc.)