Common use of Partial Taking; Election to Terminate Clause in Contracts

Partial Taking; Election to Terminate. (a) If there is a Taking of any portion (but less than all) of the Premises, then this Lease shall terminate in its entirety under either of the following circumstances: (i) if all of the following exist: (A) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant, or the Taking is of areas that are necessary for Tenant to derive sufficient income to perform its obligations hereunder, and

Appears in 2 contracts

Sources: Marina Lease, Lease Agreement

Partial Taking; Election to Terminate. (a) If there is a Taking of any portion (but less than all) of the PremisesPremises occurs, then this Lease shall terminate in its entirety under either of the following circumstances: (i) if all of the following exist: (Ai) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant, or Operator for the Taking is of areas that are necessary for Tenant to derive sufficient income to perform its obligations hereunder, andPermitted Use;

Appears in 1 contract

Sources: Airport Luggage Cart Lease and Operating Agreement

Partial Taking; Election to Terminate. (a) If there is a Taking of any portion (but less than all) of the PremisesPremises occurs, then this Lease shall terminate in its entirety under either of the following circumstances: (i) if all of the following exist: (Aa) the partial Taking renders the remaining portion of the Premises untenantable or unsuitable for continued use by Tenant, or Tenant for the Taking is of areas that are necessary for Tenant to derive sufficient income to perform its obligations hereunder, andPermitted Use; (b)

Appears in 1 contract

Sources: Lease Agreement