Common use of CONDEMNATION; AWARD; TERMINATION Clause in Contracts

CONDEMNATION; AWARD; TERMINATION. If the Building or Premises shall be taken or condemned for any public purpose or for any reason whatsoever, to such an extent as to render either or both untenantable, either Landlord or Tenant shall have the option to terminate this Lease effective as of the date of taking or condemnation. If the taking or condemnation does not render the Building and the Premises untenantable, this Lease shall continue in effect and Landlord shall promptly restore the portion not taken, to the extent possible, to the condition existing prior to the taking. In such event, however, Landlord shall not be required to expend an amount in excess of the proceeds received by Landlord from the condemning authority. If, as a result of such restoration, the area of the Premises is reduced, the rental shall be reduced proportionately. All proceeds from any taking or condemnation shall be paid to Landlord. Tenant waives all claims against such proceeds. A voluntary sale or conveyance in lieu of, but under the threat of, condemnation shall be considered a taking or condemnation for public purpose.

CONDEMNATION; AWARD; TERMINATION. If the Building or Premises shall be taken or condemned for any public purpose purpose, or for any reason whatsoever, to such an extent as to render either or both untenantable, either Landlord or Tenant shall have the option to terminate this Lease effective as of the date of taking or condemnation. If the taking or condemnation does not render the Building and the Premises untenantable, this Lease shall continue in effect and Landlord shall promptly restore the portion not taken, taken to the extent possible, possible to the condition existing prior to the taking. In such event, however, but in no event shall Landlord shall not be required to expend an amount any amounts in excess of the net condemnation proceeds received by Landlord from the condemning authorityLandlord. If, as a result of such restoration, the area of the Premises is reduced, the rental rent shall be reduced proportionately. All proceeds from any taking or condemnation shall be paid to Landlord. Tenant waives all claims against such proceeds. A voluntary sale or conveyance in lieu of, of but under the threat of, of condemnation shall be considered a taking or condemnation for public purpose.

CONDEMNATION; AWARD; TERMINATION. If the Building or Premises including use of parking facilities shall be taken or condemned for any public purpose purpose, or for any reason whatsoever, or by private purchase in lieu thereof by a condemning authority to such an extent as to render either or both or the Premises more than 15% thereof untenantable, either Landlord or Tenant shall have the option to terminate this Lease effective as of the date of taking or condemnation. If the taking or condemnation does not render the Building and the Premises untenantable, this Lease shall continue in effect and Landlord shall continue in effect and Landlord shall promptly restore the portion not taken, taken to the extent possible, possible to the condition existing prior to the taking. In such event, however, Landlord shall not be required to expend an amount in excess of the proceeds received by Landlord from the condemning authority. If, as a result of such restoration, the area of the Premises is reduced, the rental shall be reduced proportionately. All proceeds from any taking or condemnation relating directly to the value of the Building shall be paid to Landlord. Tenant waives all claims claim against such proceeds. A voluntary sale proceeds provided that nothing herein shall prohibit Tenant from taking independent action against the condemning authority for to waive any damage or conveyance in lieu of, but under the threat of, condemnation shall be considered a taking or condemnation for public purposecost to which Tenant is entitled.

CONDEMNATION; AWARD; TERMINATION. If the Building or Premises including use of parking facilities shall be taken or condemned for any public purpose purpose, or for any reason whatsoever, or by private purchase in lieu thereof by a condemning authority to such an extent as to render either or both or the Premises more than 15% thereof untenantable, either Landlord or Tenant shall have the option to terminate this Lease effective as of the date of taking or condemnation. If the taking or condemnation does not render the Building and the Premises untenantable, this Lease shall continue in effect and Landlord shall continue in effect and Landlord shall promptly restore the portion not taken, taken to the extent possible, possible to the condition existing prior to the taking. In such event, however, Landlord shall not be required to expend an amount in excess of the proceeds received by Landlord from the condemning authority. If, If as a result of such restoration, the area of the Premises is reduced, the rental shall be reduced proportionately. All proceeds from any taking or condemnation relating directly to the value of the Building shall be paid to Landlord. Tenant waives all claims claim against such proceedsproceeds provided that nothing herein shall prohibit Tenant from taking independent action against the condemning authority for to waive any damage or cost to which Tenant is entitled. A voluntary sale or conveyance in lieu of, but under the threat of, condemnation shall be considered a taking or condemnation for public purpose.Landlord initial /CM/ Tenant initial /KM/

CONDEMNATION; AWARD; TERMINATION. If the Building or Premises shall be taken or condemned for any public purpose purpose, or for any reason whatsoever, to such an extent as to render either or both untenantable, either Landlord or Tenant shall have the option to terminate this Lease effective as of the date of taking or condemnationcondemnation in which event Tenant shall be discharged from any obligation to pay rent. If the taking or condemnation does not render the Building and the Premises untenantable, this Lease shall continue in effect and Landlord shall promptly restore the portion not taken, taken to the extent possible, possible to the condition existing prior to the taking. In such event, however, but in no event shall Landlord shall not be required to expend an amount any amounts in excess of the net condemnation proceeds received by Landlord from the condemning authorityLandlord. If, as a result of such restoration, the area of the Premises is reduced, the rental rent shall be reduced proportionately. All proceeds from any taking or condemnation shall be paid to Landlord. Tenant waives all claims against such proceeds. A voluntary sale or conveyance in lieu of, of but under the threat of, of condemnation shall be considered a taking or condemnation for public purpose.

CONDEMNATION; AWARD; TERMINATION. If the Building or Premises shall be taken or condemned for any public purpose purpose, or for any reason whatsoever, to such an extent as to render either or both untenantable, either Landlord or Tenant shall have the option to terminate this Lease effective as of the date of taking or condemnation. If the taking or condemnation does not render the Building and the Premises untenantable, this Lease shall continue in effect and Landlord shall promptly restore the portion not taken, taken to the extent possible, possible to the condition existing prior to the taking. In such event, however, Landlord shall not be required to expend an amount in excess of the proceeds received by Landlord from the condemning authority. If, as a result of such restoration, the area of the Premises premises is reduced, the rental shall be reduced proportionately. All ALL proceeds from any taking or condemnation shall be paid to Landlord. Tenant waives all claims claim against such proceeds. A voluntary sale or conveyance in lieu of, of but under the threat of, of condemnation shall be considered a taking or condemnation for public purpose.