Common use of Taking: Lease to Continue Clause in Contracts

Taking: Lease to Continue. If a portion of the Project shall be lawfully taken or condemned for any public or quasi public use or purpose or conveyed under threat of such condemnation and Landlord does not terminate this Lease as permitted by Section 13.1 or as a result of such taking, sale or condemnation, the Premises can be used for the same purpose as before such taking, sale or condemnation, as reasonably determined by Tenant, this Lease shall not terminate. In such event, Landlord, at its sole cost and expense up to the amount of any award, shall, to the extent practical, promptly (subject to Force Majeure Delay and Landlord’s receipt of condemnation proceeds) repair and restore the remainder of the Premises. Rent shall ▇▇▇▇▇ proportionately with the area of the Premises taken. In the event of a taking of any portion of Land only, this Lease shall not terminate and Landlord shall not be obligated to repair or restore the Premises. Tenant hereby assigns to Landlord, Tenant’s interest, if any, in such award and any award paid as a consequence of any taking, sale or condemnation, shall be paid to Landlord, provided Tenant shall not assign any portion of such award which is related to Tenant’s leasehold interest. Notwithstanding the foregoing, Tenant shall be permitted to seek a separate award for its leasehold interest.

Taking: Lease to Continue. If In the event only a portion part -------------------------- of the Project Premises shall be lawfully taken as a result of the exercise of the power of eminent domain or condemned for any a public or quasi quasi-public use or purpose by any competent authority or conveyed sold to the condemning authority under threat of such condemnation condemnation, and Landlord does not terminate this Lease as permitted by Section 13.1 or as a result thereof the balance of such taking, sale or condemnation, the Premises can be used for the same purpose as before such taking, sale or condemnation, as reasonably determined by Tenant, this Lease shall not terminate. In such event, terminate and Landlord, at its sole cost and expense up to the amount of any condemnation award, shall, to the extent practical, promptly (subject to Force Majeure Delay and Landlord’s receipt of condemnation proceeds) repair and restore the remainder Premises, subject to extension due to delay because of changes, deletion or additions, acts of Tenant, strikes, lockouts, casualties, acts of God, war, fuel or energy shortages, material or labor shortages, governmental regulation or control, severe weather conditions or other causes beyond the Premisesactual control of Landlord and Landlord's receipt of insurance proceeds. Rent Any award paid as a consequence of such taking, sale or condemnation, shall ▇▇▇▇▇ proportionately with the area of the Premises takenbe paid to Landlord. Any sums not so disbursed shall be retained by Landlord. In the event of a taking of any portion of Land land only, this Lease shall not terminate and Landlord shall not be obligated to repair or restore the Premises. Tenant hereby assigns to Landlord, Tenant’s interest, if any, in such award and any award paid as a consequence of any taking, sale or condemnation, shall be paid to Landlord, provided Tenant shall not assign any portion of such award which is related to Tenant’s leasehold interest. Notwithstanding the foregoing, Tenant shall be permitted to seek a separate award for its leasehold interest.

Taking: Lease to Continue. If In the event only a portion part of the Project Premises shall be lawfully taken as a result of the exercise of the power of eminent domain or condemned for any a public or quasi quasi-public use or purpose by any competent authority or conveyed sold to the condemning authority under threat of such condemnation condemnation, and Landlord does not terminate this Lease as permitted by Section 13.1 or as a result thereof the balance of such taking, sale or condemnation, the Premises can be used for the same purpose as before such taking, sale or condemnation, as reasonably determined by Tenant, this Lease shall not terminate. In such event, terminate and Landlord, at its sole cost and expense up to the amount of any condemnation award, shall, to the extent practical, promptly (subject to Force Majeure Delay and Landlord’s receipt of condemnation proceeds) repair and restore the remainder Premises, subject to extension due to delay because of changes, deletion or additions, acts of Tenant, strikes, lockouts, casualties, acts of God, war, fuel or energy shortages, material or labor shortages, governmental regulation or control, severe weather conditions or other causes beyond the Premisesactual control of Landlord and Landlord's receipt of insurance proceeds. Rent Any award paid as a consequence of such taking, sale or condemnation, shall ▇▇▇▇▇ proportionately with the area of the Premises takenbe paid to Landlord. Any sums not so disbursed shall be retained by Landlord. In the event of a taking of any portion of Land land only, this Lease shall not terminate and Landlord shall not be obligated to repair or restore the Premises. Tenant hereby assigns to Landlord, Tenant’s interest, if any, in such award and any award paid as a consequence of any taking, sale or condemnation, shall be paid to Landlord, provided Tenant shall not assign any portion of such award which is related to Tenant’s leasehold interest. Notwithstanding the foregoing, Tenant shall be permitted to seek a separate award for its leasehold interest.