Common use of Entire or Substantial Taking Clause in Contracts

Entire or Substantial Taking. If more than twenty-five percent (25%) of the Premises (notwithstanding restoration by Landlord as herein provided) shall be taken under the power of eminent domain, this Lease shall automatically terminate on the date the condemning authority takes possession.

Appears in 2 contracts

Sources: Commercial Office Lease, Commercial Office Lease (Galena Biopharma, Inc.)