Common use of PREMISES REMAINING Clause in Contracts

PREMISES REMAINING. If Tenant does not terminate this Lease in accordance with the foregoing, Landlord, at its expense, shall restore the improvements to an architectural whole, and this Lease shall remain in full force and effect as to the portion of the Premises remaining, except that the Rent shall be reduced in the proportion that the floor area of the Premises taken bears to the total floor area of the original Premises. Any award for the taking of all or any part of the Premises under the power of eminent domain, or any payment made under threat of the exercise of such power, shall be the property of Landlord, whether such award shall be made as compensation for diminution in value of the leasehold or for the taking of the fee, or as severance damages; provided, however, that Tenant shall be entitled to any award for loss

Appears in 1 contract

Sources: Lease Agreement

PREMISES REMAINING. If Tenant does not terminate this Lease lease in accordance with the foregoing, Landlord, at its expense, shall restore the improvements to an architectural whole, and this Lease lease shall remain in full force and effect as to the portion of the Premises remaining, except that the Rent rent shall be reduced in the proportion that the floor area of the Premises taken bears to the total floor area of the original Premises. Any award for the taking of all or any part of the Premises under the power of eminent domain, or any payment made under threat of the exercise of such power, shall be the property of Landlord, whether such award shall be made as compensation for diminution in value of the leasehold or for the taking of the fee, or as severance damages; provided, however, that Tenant shall be entitled to any award for lossloss or damage to Tenant's trade fixtures, removable personal property, and improvements which were made by Tenant.

Appears in 1 contract

Sources: Standard Lease (Fuqua Enterprises Inc)

PREMISES REMAINING. If Tenant does Lessor or Lessee do not terminate this Lease in accordance with the foregoing, LandlordLessor, at its expense, shall restore the improvements to an architectural whole, and this Lease shall remain in full force and effect as to the portion of the Premises remaining, except that the Rent rent shall be reduced in the proportion that the floor area of the Premises taken bears to the total floor area of the original building situated on the Premises. Any award for the taking of all or any part of the Premises under the power of eminent domain, or any payment made under threat of the exercise of such power, shall be the property of LandlordLessor, whether such award shall be made as compensation for diminution in value of the leasehold or for the taking of the fee, or as severance damages; provided, provided however, that Tenant the Lessee shall be entitled to any award for lossloss or damage to ▇▇▇▇▇▇’s trade fixtures and removable personal property.

Appears in 1 contract

Sources: Modified Industrial Gross Lease (Excelligence Learning Corp)