Common use of Substantial Condemnation Clause in Contracts

Substantial Condemnation. If a Substantial Condemnation occurs during the Term, then as of the Condemnation Effective Date the Expiration Date shall occur and the parties shall apportion Rent. Landlord shall not settle or compromise any Condemnation Award without consent by Tenant. Landlord and Tenant shall allocate the Condemnation Award as follows and in the following order of priority, without duplication, until exhausted:

Substantial Condemnation. If a Substantial Condemnation occurs during the Term, then as of the Condemnation Effective Date the Expiration Date shall occur and the parties shall apportion Rent. Landlord shall not settle or compromise any Condemnation Award without consent by TenantXxxxxx. Landlord and Tenant Xxxxxx shall allocate the Condemnation Award as follows and in the following order of priority, without duplication, until exhausted:

Substantial Condemnation. ‌ . If a Substantial Condemnation occurs during the Term, then as of the Condemnation Effective Date the Expiration Date shall occur and the parties shall apportion Rent. Landlord shall not settle or compromise any Condemnation Award without consent by Tenant. Landlord and Tenant shall allocate the Condemnation Award as follows and in the following order of priority, without duplication, until exhausted:

Substantial Condemnation. ‌ . If a Substantial Condemnation occurs during the Term, then as of the Condemnation Effective Date the Expiration Date shall occur and the parties shall apportion Rent. Landlord shall not settle or compromise any Condemnation Award without consent by TenantXxxxxx. Landlord and Tenant Xxxxxx shall allocate the Condemnation Award as follows and in the following order of priority, without duplication, until exhausted: