Common use of Partial Permanent Clause in Contracts

Partial Permanent. In the event of a taking of less than the entire Premises, Tenant shall have the option (exercisable by written notice to Landlord at any time within thirty (30) days after the taking of possession under any such proceeding) to terminate this Lease as of the Taking Date if (i) the area of the Premises taken eliminates Tenant’s ability to operate in accordance with the Use; or (ii) the gross floor area of the Buildings is reduced by more than twenty percent (20%). In the event that there is a taking of any portion of the Premises and this Lease is not terminated pursuant to this Section 16(b), Base Rent shall be proportionately reduced by the ratio of the total square feet of the Buildings taken to the total square footage of the Buildings before the taking.