Common use of Termination or Abatement Clause in Contracts

Termination or Abatement. If either party elects to terminate this Lease under the provisions of Section 25.2.2 (such party is hereinafter referred to as the “Terminating Party”), it must terminate by giving notice to the other party (the “Non-terminating Party”) within thirty (30) days after the nature and extent of the Taking have been finally determined and written notice thereof has been delivered to Tenant (the “Decision Period”). The Terminating Party shall notify the Non-terminating Party of the date of termination, which date shall not be earlier than sixty (60) days after the Terminating Party has notified the Nonterminating Party of its election to terminate, nor later than the Date of Taking. If such notice of termination is not given within the Decision Period, this Lease shall continue in full force and effect except that the Minimum Monthly Rent and Tenant’s Percentage Share shall be reduced by a fraction, the numerator of which is the rentable square footage taken from the Premises and the denominator of which is the rentable square footage in the Premises prior to the Taking.

Termination or Abatement. If either party elects to terminate this Lease under the provisions of Section 25.2.2 20.3 (such party is hereinafter referred to as the “Terminating Party”), it must terminate by giving notice to the other party (the “Non-terminating Party”) within thirty (30) days after the nature and extent of the Taking taking have been finally determined and written notice thereof has been delivered to Tenant (the “Decision Period”). The Terminating Party shall notify the Non-terminating Party of the date of termination, which date shall not be earlier than sixty one hundred twenty (60120) days after the Terminating Party has notified the Nonterminating Non-terminating Party of its election to terminate, nor terminate no later than the Date date of Takingtaking. If such notice Notice of termination Termination is not given within the Decision Period, this the Lease shall continue in full force and effect except that Minimum Monthly Rent shall be reduced by subtracting therefrom an amount calculated by multiplying the Minimum Monthly Rent and Tenant’s Percentage Share shall be reduced in effect prior to the taking by a fraction, fraction the numerator of which is the rentable number of square footage feet of Rentable Area taken from the Premises and the denominator of which is the rentable number of square footage feet of Rentable Area in the Premises prior to the Takingtaking.