Common use of Substantial Clause in Contracts

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.

Appears in 2 contracts

Samples: Facility Lease Agreement, Facility Lease Agreement

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