Common use of Effect of Taking Clause in Contracts

Effect of Taking. (a) In the event the whole or any part of the Premises shall be taken for public or quasi-public use or condemnation under eminent domain, this Lease shall terminate as to the part so taken on the date possession is yielded to the condemning authority. (b) In the event a portion of the Premises, Shopping Center or Common Areas is taken and such taking substantially impairs access to or the usefulness of the Premises for the purposes hereinbefore granted to Tenant, either party may terminate the Lease by written notice within thirty (30) days prior to the actual physical taking. (c) For the purposes of this Article, a voluntary sale or conveyance in lieu of condemnation, but under threat of condemnation, shall be deemed an appropriation or taking under the power of eminent domain. (d) If this Lease is not terminated as above provided following any of such actual takings, then Landlord shall, at its expense, make all necessary repairs or alterations to the basic building and exterior work so as to constitute the remaining Premises a complete architectural unit and a proportionate allowance shall be made in the Fixed Rental and Additional Charges based on the proportion of the Premises remaining as compared to the original Premises.

Effect of Taking. (a) In the event If the whole or any part of the Premises shall be taken for public or quasi-public use or condemnation under eminent domain, this Lease shall terminate as to the part so taken on the date possession is yielded to the condemning authority, and, at Tenant’s option upon notice to Landlord prior to or within thirty (30) days after such taking, shall terminate entirely if the part so taken exceeds ten percent (10%) of the Premises GLA. (b) In the event a If any portion of the Premises, Shopping Center or Common Areas is taken and such taking substantially impairs access to or the usefulness of the Premises for the purposes hereinbefore granted to Tenant, either party may terminate the this Lease by written notice prior to or within thirty (30) days prior to after the actual physical taking. (c) For the purposes of this Article, a voluntary sale sale, conveyance or conveyance deed in lieu of condemnation, but under threat of condemnation, shall be deemed an appropriation or taking under the power of eminent domain. (d) If this Lease is has not been terminated as above provided following any of such actual takings, then Landlord shall, at its expense, make all necessary repairs or alterations to the basic building and exterior work so as to constitute the remaining Premises a complete architectural unit as similar to its former condition as is reasonably possible and a proportionate allowance shall be made in the Fixed Rental Minimum Rent and Additional Charges based on the proportion of the Premises remaining as compared to the original Premises.

Effect of Taking. (a) In the event that the whole or any part of the Premises shall be taken for public or quasi-public use or condemnation under eminent domain, this Lease shall terminate as to the part so taken on the date possession is yielded to the condemning authority. (b) In the event a that any portion of the Premises, Shopping Center or Common Areas is taken and such taking substantially impairs access to or the usefulness of the Premises for the purposes hereinbefore granted to Tenant, either party may terminate the Lease by written notice within thirty (30) days prior to the actual physical taking. (c) For the purposes of this Article, a voluntary sale or conveyance in lieu of condemnation, but under threat of condemnation, shall be deemed an appropriation or taking under the power of eminent domain. (d) If this Lease is has not been terminated as above provided following any of such actual takings, then Landlord shall, at its expense, make all necessary repairs or alterations to the basic building and exterior work so as to constitute the remaining Premises a complete architectural unit and a proportionate allowance shall be made in the Fixed Rental Minimum Rent and Additional Charges based on the proportion of the Premises remaining as compared to the original Premises.

Effect of Taking. (a) In the event the whole or any part of the Premises Premises, Property or Common Areas shall be taken for public or quasi-public use or condemnation under eminent domain, this Lease shall terminate as to the part so taken on the date possession is yielded to the condemning authority. (b) In the event a the portion of the Premises, Shopping Center or Common Areas is Premises so taken and such taking substantially impairs access to or the usefulness of the Premises for the purposes hereinbefore granted to the Tenant, either party may terminate the Lease by written notice within thirty (30) days prior to the actual physical taking. (c) For the purposes purpose of this Article, a voluntary sale or conveyance in lieu of condemnation, but under threat of condemnation, shall be deemed an appropriation or taking under the power of eminent domain. (d) If this Lease is not terminated as above provided following any of such actual takings, then the Landlord shall, at its expense, expense make all necessary repairs or alterations to the basic building and exterior work so as to constitute the remaining Premises a as complete architectural unit units and a proportionate allowance shall be made in the Fixed Rental fixed rental and Additional Charges additional changes based on the proportion of the Premises remaining as compared to the original Premises.

Effect of Taking. (a) In the event that the whole or any part of the Premises shall be taken for public or quasi-public use or condemnation under eminent domain, this Lease shall terminate as to the part so taken on the date possession is yielded to the condemning authority. (b) In the event a that any portion of the PremisesResort, Shopping Center or Common Areas is taken and such taking substantially impairs access to or the usefulness of the Premises for the purposes hereinbefore granted to Tenant, either party may terminate the Lease by written notice within thirty (30) days prior to the actual physical taking. (c) For the purposes of this Article, a voluntary sale sale, conveyance or conveyance deed in lieu of condemnation, but under threat of condemnation, shall be deemed an appropriation or taking under the power of eminent domain. (d) If this Lease is has not been terminated as above provided following any of such actual takings, then Landlord shall, at its expense, make all necessary repairs or alterations to the basic building and exterior work so as to constitute the remaining Premises a complete architectural unit and a proportionate allowance shall be made in the Fixed Rental Minimum Rent and Additional Charges based on the proportion of the Premises remaining as compared to the original Premises.