Substantial Sample Clauses
The 'Substantial' clause defines the threshold at which a certain level of significance or materiality is met within the context of a contract. It typically clarifies when an action, breach, or change is considered important enough to trigger specific rights or obligations, such as remedies or notifications. For example, a 'substantial' breach might allow a party to terminate the agreement, whereas minor breaches would not. This clause ensures that only meaningful or impactful issues affect the parties' contractual rights, preventing trivial matters from escalating into major disputes.
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Substantial. If, at any time during the Lease Term or any subsequent applicable Renewal Term(s), title to the whole or substantially all of the Leased Premises or the Improvements shall be taken in condemnation proceedings by any right of eminent domain, or by purchase in lieu of same, this Lease shall terminate and expire on the date of such taking and the Rent, Additional Rent, and other charges payable under this Lease shall be apportioned and paid by Lessee to Lessor to the date of the taking. For purposes of this Section 14, "substantially all of the Leased Premises or the Improvements" shall be deemed to have been taken if the untaken part cannot be practically and economically used for the Permitted Use. In the event of any such taking and the termination of this Lease:
(1) Lessor shall be entitled to receive the fair market value of Lessor’s interest in and to the Leased Premises or the condemned portion thereof; and
(2) Lessee shall then be entitled to receive the balance of such award or awards.
Substantial. If a substantial portion of the Premises is taken in a condemnation proceeding, by any right of eminent domain, or by agreement in lieu of such proceeding, and Landlord determines that Tenant cannot use or convert the remaining portion of the Premises for use in an economically feasible manner, then this Lease shall terminate on the date possession of the Premises is transferred to the condemning authority, and Net Rent and Additional Payments owed by Tenant shall be apportioned and paid to that date.
Substantial. If Licensee proposes to install Equipment which is different from the existing Equipment in any substantial way, then Licensee shall first obtain the Town's written approval for the use and installation of the new Equipment, pursuant to the Superior Municipal Code.
Substantial. In the event that any person or corporation, public or private, shall by virtue of eminent domain or condemnation proceedings, or by purchase in lieu thereof, at any time during the term of this Sublease acquire title to the Premises (which for the purpose of this Section only shall include not only the land hereby demised but also the Improvements and other improvements erected thereon by SUBLESSEE) or acquire title to such substantial portion thereof that SUBLESSEE cannot make use of the residue for the purposes intended by this Sublease, such acquisition of title shall terminate this Sublease, effective as of the date on which the condemning party takes possession thereof. SUBLESSOR and SUBLESSEE shall be entitled to separate awards, with SUBLESSOR entitled to the value of its leasehold interest under the Main Lease, SUBLESSEE shall be entitled to the fair market value of its leasehold inter- est including Improvements, and the Board shall be entitled to the value of the remainder interest in its fee simple interest in the lands condemned. To the extent that such award is insufficient to cover both SUBLESSOR and SUBLESSEE, SUBLESSEE shall have priority over SUBLESSOR, provided, however, that such priority shall not affect the rights of the Board or the State of Florida.
Substantial. If title to a substantial portion of the Premises is taken in a condemnation proceeding, by any right of eminent domain, or by agreement in lieu of such proceeding, and if Landlord and Tenant reasonably determine that the remaining portion of the Premises cannot be used or converted for use in an economically feasible manner by Tenant for the uses authorized by this Lease, then this Lease shall terminate on the date possession is transferred to the condemning authority, and the Net Rent, Additional Payments, and other amounts owed by Tenant shall be apportioned and paid to the date of the taking.
Substantial. Performance
Substantial. If more than thirty percent (30%) of the area of the Demised Premises should be taken for any public or quasi-public use under any governmental law, ordinance or regulation or by right of eminent domain or by private purchase in lieu thereof, then, at Landlord's option, this Lease shall terminate and the Rent shall be abated during the unexpired portion of this Lease, effective on the date physical possession is taken by the condemning authority.
Substantial. If Centurylink proposes to install a Facility which is different from the existing Facility in any substantial way, then Centurylink shall first obtain the Town's written approval for the use and installation of the new Facility, pursuant to this Agreement.
Substantial. If at any time during the Term title to the whole or substantially all of the Premises shall be taken by the exercise of the right of condemnation or eminent domain or by agreement between the Landlord and Tenant, and those authorized to exercise such right, this Lease may be terminated by Tenant on the date of such taking and the Rent provided to be paid by Tenant shall be apportioned and paid to the date of such taking. In such event, Impositions shall be apportioned only to the extent actually collected by Landlord, and, if uncollected, Landlord shall assign to Tenant any claim to recover such Impositions. For the purposes of this Section 15.2 "substantially all of the Premises" shall be deemed to have been taken if the portion of the Premises not so taken and taking into consideration the amount of the net award available for such purpose, cannot be so repaired or reconstructed as to constitute a complete, usable structure. If this Lease is not terminated by Tenant hereunder, then Tenant shall be entitled to a proportionate abatement of Rent equal to the percentage of the Premises which has been taken.
Substantial. PART - means, as of any date of determination and with respect to assets of the Company and/or its Subsidiaries, any of the following: