Exercise of Eminent Domain. In the event such portion as would render the Premises unsuitable for the Tenant's intended use shall be appropriated or taken under the power of eminent domain by any public or quasi-public authority, this Lease shall terminate if agreed by the parties and expire as of the date of such taking, and Tenant shall thereupon be released from all liability thereafter accruing. In the event of the termination of this Lease by reason of the total or partial taking of the Premises by eminent domain as aforesaid, then in any such condemnation proceeding Landlord and Tenant shall be free to make claim against the condemning authority for the amount of any damage done to them, respectively as a result thereof.
Appears in 3 contracts
Sources: Commercial Lease Agreement, Lease Agreement, Lease Agreement