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
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