Common use of Event of Taking Clause in Contracts

Event of Taking. Any event (i) which constitutes a Condemnation of all of, or substantially all of, the Leased Property, or (ii) (A) which would otherwise constitute the Condemnation, (B) which, in the good-faith judgment of Lessee, renders restoration and rebuilding of the Leased Property impossible, impractical or uneconomical, and (C) as to which Lessee, within sixty (60) days after the occurrence of such

Appears in 2 contracts

Sources: Lease Agreement (Supreme International Corp), Lease Agreement (Supreme International Corp)

Event of Taking. Any event (i) which constitutes a Condemnation of all of, or substantially all of, the a Leased Property, or (ii) (A) which would otherwise constitute the a Condemnation, (B) which, in the good-faith judgment of Lessee, renders restoration and rebuilding of the a Leased Property impossible, impractical or uneconomical, and (C) as to which Lessee, within sixty (60) days after the occurrence of suchProperty

Appears in 1 contract

Sources: Master Agreement (Aaron Rents Inc)