Condemnation of the Property. If the Property or any portion thereof that, in Landlord's reasonable opinion, is necessary to the continued efficient and/or economically feasible use of the Property shall be taken or condemned in whole or in part for public purposes, or sold to a condemning authority in lieu of taking, then the term of this Lease shall, at the option of Landlord upon written notice to Tenant, forthwith cease and terminate.
Appears in 3 contracts
Samples: Commercial Lease Agreement (Medstone International Inc/), Commercial Lease Agreement (Tm Century Inc), Commercial Lease Agreement (Natural Health Trends Corp)
Condemnation of the Property. If the Property or any portion thereof that, in Landlord's ’s reasonable opinion, is necessary to the continued efficient and/or economically feasible use of the Property shall be taken or condemned in whole or in part for public purposespurpose, or sold to a condemning authority in lieu of taking, then the term of this Lease shall, at the option of Landlord upon written notice to Tenant, forthwith cease and terminate.
Appears in 1 contract
