Common use of Partial Taking Clause in Contracts

Partial Taking. If a portion of the Property is taken by Condemnation, this Lease shall remain in effect if the Property is not thereby rendered Unsuitable For Its Primary Intended Use, but if the Property is thereby rendered Unsuitable For Its Primary Intended Use, this Lease shall terminate on the Date of Taking.

Appears in 13 contracts

Samples: Lease (Golf Trust of America Inc), Lease (Golf Trust of America Inc), Lease (Golf Trust of America Inc)

AutoNDA by SimpleDocs

Partial Taking. If a portion of the Leased Property is taken by Condemnation, this Lease shall remain in effect if the Property Facility is not thereby rendered Unsuitable For Its its Primary Intended Use, but if the Property Facility is thereby rendered Unsuitable For Its Primary Intended Use, this Lease shall terminate on the Date of Taking.

Appears in 4 contracts

Samples: Sublease Agreement (Eldertrust), Master Agreement (Eldertrust), Lease Agreement (Eldertrust)

Partial Taking. If a portion of the Leased Property is taken by Condemnation, this Lease shall remain in effect if the Property Facility is not thereby rendered Unsuitable For Its Primary Intended Use, but if the Property Facility is thereby rendered Unsuitable For Its Primary Intended Use, this Lease shall terminate on the Date of Taking.

Appears in 3 contracts

Samples: Lease ( (Presidio Golf Trust), Lease ( (Presidio Golf Trust), National Golf Properties Inc

Partial Taking. If a portion of the Leased Property is taken by Condemnation, this Lease shall remain in effect if the Property Facility is not thereby rendered Unsuitable For for Its Primary Intended Use, but if the Property Facility is thereby rendered Unsuitable For Its for its Primary Intended Use, this Lease shall terminate on as of the day before the Date of Taking.

Appears in 3 contracts

Samples: Lease Agreement (Sunlink Health Systems Inc), Emeritus Corp\wa\, Integrated Living Communities Inc

Partial Taking. If a portion of the Property is taken by Condemnation, this Lease shall remain in effect if the Property is not thereby rendered Unsuitable For Its Primary Intended Use, but if the Property is thereby rendered Unsuitable For Its Primary Intended Use, this Lease shall terminate on the Date date of Taking.

Appears in 2 contracts

Samples: Lease (Golf Trust of America Inc), Lease (Golf Trust of America Inc)

AutoNDA by SimpleDocs

Partial Taking. If a portion of the Property is taken by Condemnation, this Lease shall remain in effect if the Property is not thereby rendered Unsuitable For Its Primary Intended Use, but if the Property is thereby rendered Unsuitable For Its Primary Intended Use, this Lease shall terminate on the Date of Takingdate of`Taking.

Appears in 2 contracts

Samples: Pledge Agreement (Golf Trust of America Inc), Pledge Agreement (Golf Trust of America Inc)

Partial Taking. If a portion of the Leased Property is taken by Condemnationcondemnation, this Lease shall remain in effect if the Property Facility is not thereby rendered Unsuitable For for Its Primary Intended Use, but if the Property Facility is thereby rendered Unsuitable For Its for its Primary Intended Use, this Lease shall terminate on the Date of Taking. If as the result of any such partial taking by condemnation, this Lease is not terminated as provided above, Tenant shall be entitled to abatement of rent as provided in Section 5.2.

Appears in 1 contract

Samples: Sublease Agreement (Extendicare Health Services Inc)

Partial Taking. If a portion of the Leased Property is taken by -------------- Condemnation, this Lease shall remain in effect if the Property Facility is not thereby rendered Unsuitable For Its Primary Intended Use, but if the Property Facility is thereby rendered Unsuitable For Its Primary Intended Use, this Lease shall terminate on the Date of Taking.

Appears in 1 contract

Samples: Lease (National Golf Properties Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.