Common use of PARTIAL EXPROPRIATION Clause in Contracts

PARTIAL EXPROPRIATION. If the site and constructions are only partly expropriated, the lease shall remain in effect for the remainder. 211.2.1 In this case, this contract shall be covered by an amendment recording the change in surface area of the property and modifying the financial terms to factor in the amount of the expropriation indemnity received by the LESSOR less all costs and expenses incurred by the latter and all taxes owed by it, notably capital gains tax and tax repayments in connection with the expropriation, as stipulated under paragraph 706 below. 211.2.2 Free transfer to government authorities In the event that parts of the building (notably land parcels) have to transferred for free to a government authority, the financial terms of this lease (rent and sales undertaking) shall not be modified despite a change in surface area of the property.