Common use of Entire or Substantial Taking Clause in Contracts

Entire or Substantial Taking. If more than 40% of the Premises or more than 40% of the balance of the Shopping Center shall be taken under the power of eminent domain, this Lease shall terminate as of the date on which the condemning authority takes possession.

Appears in 1 contract

Sources: Shopping Center Lease (BSM Bancorp)

Entire or Substantial Taking. If more than forty percent (40% %) of the Premises or more than forty percent (40% %) of the balance of the Shopping Center shall be taken under the power of eminent domainEminent Domain, either party shall be entitled to terminate this Lease shall terminate as of the date on which the condemning authority takes possession.

Appears in 1 contract

Sources: Shopping Center Lease (Chicago Pizza & Brewery Inc)