Common use of Partial Taking; Common Area Clause in Contracts

Partial Taking; Common Area. (a) If a portion of the Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant can elect to terminate this Lease if 20 percent or more of the total number of square feet in the Premises is taken.

Appears in 4 contracts

Samples: Lease (Opnext Inc), Lease Agreement (Centillium Communications Inc), Lease (Opnext Inc)

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Partial Taking; Common Area. (a) If a portion of the Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant can elect to terminate this Lease if 20 ten percent (10%) or more of the total number of square feet in the Premises is taken.

Appears in 1 contract

Samples: Net Lease (Centillium Communications Inc)

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Partial Taking; Common Area. (a) If a any portion of the Leased Premises is taken by condemnation, this Lease shall remain in effect, except that Tenant Lessee can elect to terminate this Lease if 20 percent 33-1/3% or more of the total number of square feet in the Leased Premises is taken.

Appears in 1 contract

Samples: Office Lease (Thinking Tools Inc)

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