Partial Taking definition

Partial Taking means the taking of only a portion of the Premises which does not constitute a Total Taking; (4) "Date of Taking" means the date upon which the title to the Premises, or a portion thereof, passes to and vests in the condemnor or the effective date of any order for possession if issued prior to the date title vests in the condemnor; and (5) "Award" means the amount of any award made, consideration paid, or damages ordered as a result of a Taking.
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Partial Taking means any Taking (including any damaging) of a portion of the Premises, the Common Area, or any Improvements or parking thereon which is not a Total Taking.
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Partial Taking. As defined in Section 15.1(b).
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Examples of Partial Taking in a sentence

  • If only a portion of the Premises shall be so taken or condemned such that it does not constitute a Complete Taking (a "Partial Taking"), this Agreement shall not terminate as a result thereof, but the rent to be paid by Tenant from the date of such Partial Taking shall be equitably adjusted.

  • If a Partial Taking occurs, then the Term shall not be reduced or affected in any way, this Lease shall remain in full force and effect for the portion of the Property remaining after such Taking and the Tenant's obligation to pay Rent shall continue without abatement or diminution.

  • If the Condemnation Award for a Partial Taking exceeds $1,000,000 and if any portion of the Condemnation Award is paid to Landlord, then commencing as of the first day of the calendar month after ▇▇▇▇▇▇▇▇ has received its portion of the Condemnation Award the Base Rent shall be reduced in the same proportion that the square footage of the portion of the Property so taken bears to the total square footage of the Property.


More Definitions of Partial Taking

Partial Taking means any taking of the Premises or Improvements that is neither a Total Taking nor a Substantial Taking.
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Partial Taking means the taking of only a portion of the Premises which does not constitute a Total Taking.
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Partial Taking means any taking of fee title that is not a Total Taking.
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Partial Taking means any Taking which does not constitute a Significant Taking.
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Partial Taking means the acquisition of a parcel of property.
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Partial Taking means any Condemnation of a Facility or any portion thereof that is not a Complete Taking.
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Partial Taking. A taking of less than the entire fee of a Leased Property that either (a) does not render the Leased Property Unsuitable for its Primary Use, or (b) renders a Leased Property Unsuitable for its Primary Intended Use, but neither Lessor nor Lessee elects pursuant to Section 15.1 hereof to terminate this Lease.
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