Common use of Partial Condemnation of Parking Area Clause in Contracts

Partial Condemnation of Parking Area. If any of the parking area in the Shopping Center shall be acquired or condemned as aforesaid, and if, as the result thereof the ratio of square feet of parking area to square feet of the sales area of the entire Shopping Center buildings is reduced to a ratio below two and one-tenth to one, then the term of this lease shall cease and terminate upon the vesting of title in such proceeding, unless the Landlord shall take immediate steps toward increasing the parking ratio to a ratio in excess of two to one, in which event this lease shall be unaffected and remain in full force and effect without any reduction or abatement of rent. In the event of termination of this lease as aforesaid, Tenant shall have no claim against Landlord, not the condemning authority for the value of any unexpired term of this lease and rent shall be adjusted to the date of said termination.

Partial Condemnation of Parking Area. If any part of the parking area areas in the Common Areas of the Shopping Center shall be acquired or condemned as aforesaid, and if, as the result thereof thereof, the ratio of square feet of parking area field to square feet of the sales area of the entire Shopping Center buildings is reduced to a ratio below two and one-tenth to one, then the term of this lease Lease shall cease and terminate upon the vesting of title in such proceeding, unless the Landlord shall take immediate steps toward increasing the parking ratio to a ratio in excess of two to one, in which event this lease Lease shall be unaffected and remain in full force and effect without any reduction or abatement of rent. In the event of termination of this lease Lease as aforesaid, Tenant shall have no claim against Landlord, not Landlord nor the condemning authority for the value of any unexpired term of this lease Lease and rent shall be adjusted up to and including the date of said termination.. INTIALS: LANDLORD RB TENANT DL

Partial Condemnation of Parking Area.  If any part of the parking area areas in the Common Areas of the Shopping Center shall be acquired or condemned as aforesaid, and if, as the result thereof thereof, the ratio of square feet of parking area field to square feet of the sales area of the entire Shopping Center buildings is reduced to a ratio below two and one-tenth to one, then the term of this lease Lease shall cease and terminate upon the vesting of title in such proceeding, unless the Landlord shall take immediate steps toward increasing the parking ratio to a ratio in excess of two to one, in which event this lease Lease shall be unaffected and remain in full force and effect without any reduction or abatement of rent. In the event of termination of this lease Lease as aforesaid, Tenant shall have no claim against Landlord, not Landlord nor the condemning authority for the value of any unexpired term of this lease Lease and rent shall be adjusted up to and including the date of said termination..   INTIALS: LANDLORD RB TENANT DL