Common use of FEDERAL RIGHT TO RECLAIM Clause in Contracts

FEDERAL RIGHT TO RECLAIM. In the event a United States governmental agency demands and takes over the entire facilities of the Airport or the portion thereof wherein the Premises are located, for war or national emergency, for a period in excess of ninety (90) consecutive days, then this Agreement will terminate and the Authority will be released and fully discharged from any and all liability hereunder. In the event of this termination, the Company's obligation to pay rent will cease; however, Company must still pay Customized Improvements Rent as set forth in Article 7 of this Agreement, and nothing herein will be construed as relieving either party from any of its liabilities relating to events or claims of any kind whatsoever prior to this termination.

FEDERAL RIGHT TO RECLAIM. SAMPLE In the event a United States governmental agency demands and takes over the entire facilities of the Airport or the portion thereof wherein the Premises are located, for war or national emergency, for a period in excess of ninety (90) consecutive days, then this Agreement will terminate and the Authority will be released and fully discharged from any and all liability hereunder. In the event of this termination, the Company's obligation to pay rent will cease; however, Company must still pay Customized Improvements Rent as set forth in Article 7 of this Agreement, and nothing herein will be construed as relieving either party from any of its liabilities relating to events or claims of any kind whatsoever prior to this termination.