Insubstantial Taking. If a portion of the Premises is taken and Section 10.2 does not apply, then this Lease will automatically terminate on the date of the Taking only as to the portion of the Premises taken and this Lease will continue in full force and effect with respect to the remaining portion of the Premises with Base Rent proportionately reduced. In such event, any partial Taking award shall be paid first to the Tenant in an amount equal to the greater of (i) the unamortized cost of any Improvements constructed by Tenant on the portion of the Premises subject to the Taking; or (ii) the amount necessary to discharge or, if such amount is insufficient, to reduce any Permitted Institutional Mortgage. The balance, if any, of the Taking award shall be paid to Landlord.
Insubstantial Taking. If any part of the Premises, the Building or the Complex is taken or condemned for any public use or purpose (including a deed given in lieu of condemnation) and this Lease is not terminated pursuant to 16.01, Rent shall be reduced (for the period of such taking if a temporary taking) by an amount which bears the same ratio to Rent then in effect as the number of square feet of Rentable Area in the Premises so taken or condemned, if any, bears to the number of square feet of Rentable Area specified in Section 1.
Insubstantial Taking. If any part of the Premises or the Building is taken or condemned for any public use or purpose (including a deed given in lieu of condemnation) and this Lease is not terminated pursuant to Section 16.1, Monthly Base Rent shall be reduced for the period of such taking by an amount which bears the same ratio to Monthly Base Rent then in effect as the number of square feet of rentable area in the Premises so taken or condemned, if any, bears to the number of square feet of rentable area of the Premises; provided that if such taking or condemnation results in a larger portion of the Premises, or the entire Premises, being rendered unusable for the conduct of Tenant’s business, then such larger portion or the entire Premises, as the case maybe, shall be deemed to have been taken or condemned for purposes of this sentence. Landlord, upon receipt and to the extent of the award in condemnation or proceeds of sale, shall make necessary repairs and restorations (exclusive of leasehold improvements and personal property installed by Tenant) to restore the Premises remaining to as near its former condition as circumstances will permit, and to the Building to the extent necessary to constitute the portion of same not so taken or condemned as a complete architectural unit. In the event of any taking or condemnation described in this Section 16.2, the rentable area of the Premises and the rentable area of the Building shall be reduced, respectively, by the number of square feet of rentable area of the Premises, if any, and the number of square feet of rentable area of the Building, if any, so taken or condemned, and Tenant’s Proportionate Share shall be adjusted accordingly for all purposes under this Lease.
Insubstantial Taking. If any part of the Premises or the Building is taken or condemned for any public use or purpose (including a deed given in lieu of condemnation) and this Lease is not terminated pursuant to Section , Adjusted Monthly Base Rent shall be reduced for the period of such taking by an equitable amount, and Tenant's Proportionate Share shall be adjusted accordingly, for all purposes under this Lease.
Insubstantial Taking. 16 16.3 COMPENSATION................................................17 17 TENANT'S INSURANCE...................................................17
Insubstantial Taking. If any part of the Premises or the Building is taken or condemned for any public use or purpose (including a deed given in lieu of condemnation) and this Lease is not terminated pursuant to Section 16.1 above, Base Rent and Tax and Operating Expense Rent shall xxxxx for all or that part of the Premises which are taken on a per diem and proportionate area basis during the term of the taking. Landlord, upon receipt and to the extent of the award in condemnation or proceeds of sale, shall make necessary repairs and restorations (exclusive of the Alterations and Tenant Property) to restore the Premises remaining to as near its former condition as circumstances will permit, and to the Building to the extent necessary to constitute the portion of same not so taken or condemned as a complete architectural unit. In the event of any taking or condemnation described in this Section, the rentable area of the Premises and the rentable area of the Building, shall be reduced, respectively, for all purposes under this Lease by the amount of rentable area of the Premises, if any, and the Building, if any, so taken or condemned as determined and certified by an independent professional architect selected by Landlord.
Insubstantial Taking. If a portion of the Premises, Facility or Improvements is taken and Section 8.2 does not apply, then this Ground Lease will automatically terminate on the date of the Taking only as to the portion of the Premises, Facility or Improvements taken and this Ground Lease will continue in full force and effect. In such event, any partial Taking award shall be paid first to the Tenant in an amount equal to the greater of (i) the unamortized cost of any Improvements constructed by Tenant on the portion of the Premises subject to the Taking; or
Insubstantial Taking. In the event of a Taking of less than a substantially all of the Building, this Lease shall not terminate and Landlord shall repair, restore or rebuild the Building, and/or the Premises, as the case may be (except for Tenant's personal property and trade fixtures, which shall be the resxxxxxxility of Tenant), as nearly as is commercially reasonable and possible to their value, condition and character immediately prior to such Taking, within one hundred twenty
Insubstantial Taking. If any part of the Premises, the particular building in which it is located, or the Complex is taken or condemned for any public use or purpose (including a deed given in lieu of condemnation) and this Lease is not terminated pursuant to section 16.1, Adjusted Monthly Base Rent shall be reduced for the period of such taking by an amount which bears the same ratio to Adjusted Monthly Base Rent then in effect as the number of square feet of rentable area in the Premises so taken or condemned, if any, bears to the number of square feet of rentable area specified in section 1.1.
Insubstantial Taking. If any part of the Building is taken or condemned (including a deed given in lieu of condemnation), but the Premises are still substantially leaseable as reasonably determined by Landlord, this Lease shall not terminate. If the taking reduces the Leased Area, the Rent shall be equitably reduced for the period of such taking by an amount which bears the same ratio to the Rent then in effect as the Leased Area so taken or condemned bears to the Leased Area set forth in Paragraph 1(b) above. Landlord, upon receipt and to the extent of a proportionate amount of the award in condemnation or proceeds of sale, shall make necessary repairs and restorations (exclusive of leasehold improvements and personal property installed by Tenant) to restore the Premises remaining to as near their former condition as circumstances will permit, and to the Building to the extent necessary to make the portion not so taken or condemned as complete as possible.
