Common use of Major Taking Clause in Contracts

Major Taking. If there is a taking of ten percent (10%) or more of the Premises and if the remaining portion of the Premises is of such size or configuration that Tenant is unable to conduct its business in the Premises, then the Term shall terminate as of the date of taking.

Appears in 4 contracts

Samples: Lease (Amazon Com Inc), Loudeye Technologies Inc, Microvision Inc

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Major Taking. If there is a taking of ten percent (10%) or more of the Premises and if the remaining portion of the Premises is of such size she or configuration that Tenant is unable to conduct its business in the Premises, then the Term shall terminate as of the date of taking.

Appears in 3 contracts

Samples: Office Lease (Watchguard Technologies Inc), Office Lease (Watchguard Technologies Inc), Office Lease (Watchguard Technologies Inc)

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Major Taking. If there is a taking of ten percent (10%) or more of the Premises and if the remaining portion of the Premises is of such size or configuration that Tenant in Tenant’s reasonable judgment is unable to conduct its business in the Premises, then the Term shall terminate as of the date of taking.

Appears in 1 contract

Samples: Lease (iVOW, Inc.)

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