PREMISES TAKEN Sample Clauses
POPULAR SAMPLE Copied 1 times
PREMISES TAKEN. If the Premises or any portion thereof are taken under the power of eminent domain, or sold under the threat of the exercise of said power (all of which are herein called “condemnation”) this Lease shall terminate as to the part so taken as of the date the condemning authority takes title or possession, whichever first occurs. If more than ten (l0) percent of the floor area of the improvements on the Premises or more than twenty-five (25) percent of the land area of the Premises which is not occupied by any improvements, is taken by condemnation, Lessee or Lessor may at either’s option, to be exercised in writing only within ten (l0) days after Lessor shall have given Lessee written notice of such condemnation (or in the absence of such notice, within ten (l0) days after the condemning authority shall have taken possession) terminate this Lease as of the date the condemning authority takes such possession.
PREMISES TAKEN. If the premises or any portion thereof are taken under the power of eminent domain or sold under the threat of the exercise of said power (all of which are herein called "condemnation"), this Lease shall terminate as to the part so taken as of the date the condemning authority takes title or possession, whichever first occurs. If more than ten percent (10%) of the floor area of the premises, or more then twenty-five percept (25%) of the parking area of the Project is taken by condemnation and cannot be replaced by Landlord, Tenant may, at Tenant's option, to be exercised in writing only within thirty (30) days after Landlord shall have given Tenant written notice of such taking (or in the absence of such notice, within thirty (30) days after the condemning authority shall have taken possession), terminate this Lease as of the date the condemning authority takes such possession.
PREMISES TAKEN. “As Is”. Tenant accepts the Premises “as is” in their current condition and Landlord shall have no obligation to alter, modify or improve the Premises in any way, except that Landlord shall, at Landlord’s sole cost, construct a building standard demising walls between the Premises and the new corridor and reconfigure the existing Storage/Conference Area as shown on Exhibit B attached hereto and shall make any necessary adjustments to the building systems as reasonably determined by Landlord. Tenant shall remove and relocate its furniture, fixtures and equipment as reasonably required by Landlord to accommodate Landlord’s construction of the demising wall.
PREMISES TAKEN. “AS IS”. Sublessee agrees that it is taking the Premises in an “as is” condition and without any representations or warranties by Sublessor of any kind or nature whatsoever except that Sublessor shall deliver the Premises with the Furniture, Fixtures and Equipment and no other personal property of Sublessor in the Premises, with all existing network cabling in place. By delivery of the Premises, Sublessor will be deemed to have warranted to Sublessee that to Sublessor’s actual knowledge as of the Delivery Date, the Premises and the Building systems serving the Premises, including, without limitation, the HVAC, mechanical, electrical and plumbing systems, are in good working order and repair as of the Delivery Date. The Sublessor will use reasonable care to avoid damaging or severing the existing network cabling in connection with Sublessor vacating the Premises. Subject to the foregoing warranty by Sublessor, by taking possession of the Premises, Sublessee acknowledges that the Premises are in a tenantable and good condition.
PREMISES TAKEN. As Is". Sublessee agrees that it is taking the ---------------------- Premises in an "as is" condition and without warranty of condition, express or implied.
PREMISES TAKEN. “As Is”: Palace Entertainment accepts the Premises in its presently existing condition “as is.” Except as otherwise described in this Agreement, Cal Expo shall not be obligated to make any alterations, additions or betterments thereto.