Partial Compensation. If any part if the Demised Premises shall be acquired or condemned by eminent domain for any public or quasi-public purpose, and in the event that such partial taking or condemnation shall render the balance of the Demised Premises unsuitable for the business of the Lessee, then the term of this lease shall cease and terminate as of the date of title vesting in such proceeding and Lessee shall have no claim against Lessor for the value of any unexpired term of this lease. In the event of a partial taking of condemnation which is not extensive enough to render the premises unsuitable for the business of the Lessee, then Lessor shall promptly restore the Demised Premises to a condition comparable to its condition at the time of such condemnation less the portion lost in the taking, and this lease shall continue in full force and effect.
Appears in 2 contracts
Sources: Lease (Colonels International Inc), Lease Agreement (Sports Resorts International Inc)