Entire or Substantial Taking. If the entire Premises, or so much thereof as to make the balance not reasonably adequate for the conduct of Tenant’s business (notwithstanding restoration by Landlord as herein provided) will be taken under the power of eminent domain, this Lease will automatically terminate on the date the condemning authority takes possession.
Entire or Substantial Taking. If title to all or a substantial portion of the Premises is taken for any public or quasi-public use under any statute or by right of eminent domain, or by purchase in lieu of condemnation, so that a reasonable amount of reconstruction of the Premises will not result in the Premises being reasonably suited for Tenant's continued occupancy for the uses and purposes for which the Premises are leased, this Lease shall terminate as of the date that possession of said Premises, or part thereof, is taken.
Entire or Substantial Taking. If more than twenty-five percent (25%) of the Premises (notwithstanding restoration by Landlord as herein provided) shall be taken under the power of eminent domain, this Lease shall automatically terminate on the date the condemning authority takes possession.
Entire or Substantial Taking. If the entire Premises, or so much thereof as to make the balance not reasonably adequate for the conduct of Tenant’s business notwithstanding restoration by Landlord as hereinafter provided, shall be taken under the power of eminent domain, this Lease shall automatically terminate as of the date on which the condemning authority takes possession. If a portion of the Property is taken under the power of eminent domain such that, in Landlord’s reasonable judgment, the remainder cannot be economically operated, Landlord may cancel this Lease on notice to Tenant, regardless of whether or not said taking includes all or part of the Premises. If forty (40%) percent or more of the Property is taken under the power of eminent domain, Tenant may cancel this Lease on notice to Landlord, regardless of whether or not said taking includes all or part of the Premises.
Entire or Substantial Taking. If more than 40% of the Premises or more than 40% of the balance of the Shopping Center shall be taken under the power of eminent domain, this Lease shall terminate as of the date on which the condemning authority takes possession.
Entire or Substantial Taking. If the Building or the Shopping Center, or any portion of or interest in either, is taken for any public or quasi-public use under any statute or by right of eminent domain, or by purchase in lieu thereof, so that in the reasonable judgment of Landlord and Tenant a reasonable amount of reconstruction of the Building and/or Shopping Center will not result in the Premises being reasonably suited for Tenant's continued occupancy for the uses and purposes for which the Premises are leased, then this Lease shall terminate as of the date that possession of the Building or Shopping Center, or part thereof, or interest therein is taken.
Entire or Substantial Taking. If all or any “substantial portion” of the Leased Premises shall be taken under the power of eminent domain (sometimes hereinafter referred to as “condemnation”), Landlord or Tenant shall have the right at its option to terminate this Lease effective on the date the condemning authority takes possession. Upon such termination, Tenant shall surrender possession of the Leased Premises to Landlord. Landlord or Tenant may exercise its termination rights by notifying the other party in writing of its option to terminate the Lease within sixty (60) days following the date on which the parties receive notice of the proposed taking. For purposes of this paragraph, a sale by Landlord to any authority with power of eminent domain, either under threat of condemnation or while condemnation proceedings are pending, shall be deemed a taking under the power of eminent domain under this paragraph.
Entire or Substantial Taking. If the entire Premises, or so much thereof as to make the balance not reasonably adequate for the conduct of Lessee’s business, shall be taken under the power of eminent domain, or voluntarily sold under a threat thereof, this Agreement shall automatically terminate as of the date on which the condemning authority takes title to, or possession of, the Premises, whichever occurs first.
Entire or Substantial Taking. If the entire Land, or so much thereof as to make the balance not reasonably adequate for the conduct of Xxxxxx’s business, shall be taken under the power of eminent domain, this Lease shall automatically terminate as of the date on which the condemning authority takes title or possession, whichever shall first occur.
Entire or Substantial Taking. If the entire Premises, or so much thereof as to make the balance not reasonably adequate for the conduct of Tenant’s business notwithstanding restoration by Landlord as hereinafter provided (as reasonably determined by Tenant), or if any portion of the Common Areas which affects access to the Premises or Tenant’s ability to conduct its business in the Premises, shall be taken under the power of eminent domain, either party may terminate this Lease on written notice to the other given within ninety (90) days after Landlord and Xxxxxx have received from the condemning authority written notice of an intended taking that sets forth the extent and scope of the intended taking. The effective date of termination shall be the earlier of the date of termination specified in the termination notice or the date the condemning authority takes physical possession of the portion of the Premises or Common Areas taken by eminent domain.
