Common use of Election to Continue Lease Clause in Contracts

Election to Continue Lease. If neither Landlord nor Tenant elects to terminate this Lease upon a partial taking of a portion of the Premises, the Rent payable under this Lease will be diminished by an amount allocable to the portion of the Premises which was so taken or sold or rendered unusable for its Use. In no event shall the loss of any portion of the Land (other than the portion of the Land on which the Premises are physically located) result in a reduction of Rent. If this Lease is not terminated upon a partial taking of the Building or Premises, Landlord will, at Landlord’s sole expense, promptly restore and reconstruct the Building and Premises to substantially their former condition to the extent the same is feasible; however, Landlord will not be required to spend for such restoration or reconstruction an amount in excess of the net amount received by Landlord as compensation or damages for the part of the Building or Premises so taken.

Election to Continue Lease. If neither Landlord nor Tenant elects to terminate this Lease upon a partial taking of a portion of the Premises, the Rent payable under this Lease will be diminished by an amount allocable to the portion of the Premises which was so taken or sold or rendered unusable for its Useunusable. In Any Common Areas taken shall be excluded from the Common Areas usable by Tenant and no event shall the loss of any portion of the Land (other than the portion of the Land on which the Premises are physically located) result in a reduction of RentRent shall occur with respect thereto or by reason thereof. If this Lease is not terminated upon a partial taking of the Building or Premises, Landlord will, at Landlord’s 's sole expense, promptly restore and reconstruct the Building and Premises to substantially their former condition to the extent the same is feasible; however. However, Landlord will not be required to spend for such restoration or reconstruction an amount in excess of the net amount received by Landlord as compensation or damages for the part of the Building or Premises so taken.