Common use of Taking - Landlord's and Tenant's Rights Clause in Contracts

Taking - Landlord's and Tenant's Rights. If any part of the Building is taken by right of eminent domain or conveyed in lieu thereof (a “Taking”), and such Taking prevents Tenant from conducting its business in the Premises in a manner reasonably comparable that conducted immediately before such Taking, then Landlord may, at its expense, relocate Tenant to office space within the Project reasonably comparable to or better than the Premises, provided that Landlord notifies Tenant of its intention to do so and completes such relocation prior to the effective date of the Taking. Such relocation shall be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) days after Landlord has notified Tenant of its intention to relocate Tenant. If Landlord does not elect to relocate Tenant prior to such Taking, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within sixty (60) days after the Taking, and Rent shall be apportioned as of the date of such Taking. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then Rent shall be adjusted on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. (b)

Taking - Landlord's and Tenant's Rights. If any part of the Building Project (including parking) is taken by right of eminent domain for a period exceeding ninety (90) days or conveyed in lieu thereof (a “Taking”), and such Taking prevents Tenant from conducting its business in from the Premises in a manner reasonably comparable to that conducted immediately before such Taking, then Landlord may, at its sole expense, relocate Tenant to similar office space within any Comparable Building owned or under the Project reasonably comparable to or better than the Premises, provided that control of Landlord. Landlord notifies shall notify Tenant of its intention to do so and completes such relocation prior to the effective date of within thirty (30) days after the Taking. Rent shall be abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking until relocation. Such relocation shall may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) 180 days after Landlord has notified Tenant of its intention to relocate Tenant. If Landlord does not elect to relocate Tenant prior to following such Taking, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within sixty (60) days after the Taking, and Rent shall be apportioned as of the date of such Taking. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then Rent shall be adjusted abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. (b)Upon the occurrence of a Taking, Rent shall be adjusted on a reasonable basis from the first day of the Taking until such termination.

Taking - Landlord's and Tenant's Rights. If any part of the Building is taken by right of eminent domain or conveyed in lieu thereof (a “Taking”"TAKING"), and such Taking prevents Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking, then Landlord may, at its expense, relocate Tenant to office space within the Project reasonably comparable to or better than the Premises within five miles of Premises, provided that Landlord notifies Tenant of its intention to do so and completes such relocation prior to the effective date of the Taking. Such relocation shall may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) 180 days after Landlord has notified Tenant of its intention to relocate Tenant. If Landlord does not elect to relocate Tenant prior to following such Taking, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within sixty (60) 60 days after the Taking, and Rent shall be apportioned as of the date of such Taking. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then Rent shall be adjusted on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. (b)Correspondingly, the Letter of Credit obligation will be adjusted on a reasonable basis in the event of partial Taking or eliminated entirely in the event of Lease termination.

Taking - Landlord's and Tenant's Rights. If any part of the Building thx Project --------------------------------------- (including parking) is taken by right of eminent domain for a period exceeding ninety (90) days or conveyed in lieu thereof (a “"Taking”"), and such Taking prevents Tenant from conducting ------ its business in from the Premises in a manner reasonably comparable to that conducted immediately before such Taking, then Landlord may, at its expense, relocate Tenant to similar office space within any Comparable Building owned or under the Project reasonably comparable to or better than the Premises, provided that control of Landlord. Landlord notifies shall notify Tenant of its intention to do so and completes such relocation prior to the effective date of within thirty (30) days after the Taking. Rent shall be abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking until relocation. Such relocation shall may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) 180 days after Landlord has notified Tenant of its intention to relocate Tenant. If Landlord does not elect to relocate Tenant prior to following such Taking, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within sixty (60) days after the Taking, and Rent shall be apportioned as of the date of such Taking. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then Rent shall be adjusted abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. (b)Upon the occurrence of a Taking, Rent shall be adjusted on a reasonable basis from the first day of the Taking until such termination.

Taking - Landlord's and Tenant's Rights. If any part of the Building Project (including parking) is taken by right of eminent domain for a period exceeding ninety (90) days or conveyed in lieu thereof (a “"Taking”"), and such Taking prevents Tenant from conducting its business in from the Premises in a manner reasonably comparable to that conducted immediately before such Taking, then Landlord may, at its sole expense, relocate Tenant to similar office space within any Comparable Building owned or under the Project reasonably comparable to or better than the Premises, provided that control of Landlord. Landlord notifies shall notify Tenant of its intention to do so and completes such relocation prior to the effective date of within thirty (30) days after the Taking. Rent shall be abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking until relocation. Such relocation shall may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) 180 days after Landlord has notified Tenant of its intention to relocate Tenant. If Landlord does not elect to relocate Tenant prior to following such Taking, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within sixty (60) days after the Taking, and Rent shall be apportioned as of the date of such Taking. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then Rent shall be adjusted abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. (b)Upon the occurrence of a Taking, Rent shall be adjusted on a reasonable basis from the first day of the Taking until such termination.

Taking - Landlord's and Tenant's Rights. If any part of the Building is taken by right of eminent domain or conveyed in lieu thereof (a “Taking”), and such Taking prevents Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking, then Landlord may, at its expense, relocate Tenant to office space within the Project reasonably comparable to or better than the Premises, provided that Landlord notifies Tenant of its intention to do so and completes such relocation prior to the effective date of within sixty (60) days after the Taking. Such relocation shall may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty ninety (18090) days after Landlord has notified Tenant of its intention to relocate Tenant. If Landlord does not elect to relocate Tenant prior to following such Taking, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within sixty ninety (6090) days after the Taking, and Rent shall be apportioned as of the date of such TakingTaking and the parties shall have no further obligations under the Lease except for provisions that expressly survive termination. If Landlord does not relocate Tenant and Tenant does not terminate this LeaseLease or if such Taking does not prevent Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking (as determined by Xxxxxxxx), then Rent shall be adjusted abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. (b), and Landlord shall do such work as is reasonably necessary for Tenant to operate in the remaining portion of the Premises provided the cost of such work shall not exceed the amount Landlord receives for the condemnation award.

Taking - Landlord's and Tenant's Rights. If any part of the Building Project (including parking) is taken by right of eminent domain for a period exceeding ninety (90) days or conveyed in lieu thereof (a “Taking”"TAKING"), and such Taking prevents Tenant from conducting its business in from the Premises in a manner reasonably comparable to that conducted immediately before such Taking, then Landlord may, upon Tenant's written consent, which consent is in Tenant's sole discretion and shall be deemed denied if not given within ten business days of Landlord's written election, at its Landlord's sole expense, relocate Tenant to office space which is comparable in size (but in no event less Rentable Square Feet), utility and condition to the Premises within any Comparable Building owned or under the Project reasonably comparable to or better than the Premises, provided that control of Landlord. Landlord notifies shall notify Tenant of its intention to do so and completes such relocation prior to the effective date of within thirty (30) days after the Taking. Rent shall be abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking until relocation. Such relocation shall may be for a portion of the remaining Term or the entire Term. Landlord shall complete any such relocation within one hundred eighty (180) 120 days after Landlord has notified Tenant of its intention to relocate Tenant. If Landlord does not elect to relocate Tenant prior following such Taking or Tenant does not consent to such Takingrelocation, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within sixty (60) days after the TakingTaking or Landlord's notice of relocation, as applicable, and Rent shall be apportioned as of the date of such Taking. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then Rent shall be adjusted abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. (b)Upon the occurrence of a Taking, Rent shall be adjusted on a reasonable basis from the first day of the Taking until such termination.

Taking - Landlord's and Tenant's Rights. If any part of the Building is taken by right of eminent domain or conveyed in lieu thereof (a “Taking”), and such Taking prevents Tenant from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such Taking, then Landlord may, at its expense, relocate Tenant to office space within the Project reasonably comparable to or better than the Premises, provided that Landlord notifies Tenant of its intention to do so and completes such relocation prior to the effective date of the Taking. Such relocation shall may be for a portion no longer than ninety (90) days, and, in the event the relocation of Tenant is greater than ninety (90) days, then Tenant shall have the remaining Term or the entire Termoption to terminate this Lease. Landlord shall complete any such relocation within one hundred eighty ten (18010) days after Landlord has notified Tenant of its intention to relocate Tenant. If Landlord does not elect to relocate Tenant prior to following such Taking, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within sixty (60) days after the Taking, and Rent shall be apportioned as of the date of such Taking. If Landlord does not relocate Tenant and Tenant does not terminate this Lease, then Rent shall be adjusted on a reasonable basis as to that portion of the Premises rendered untenantable untenable by the Taking. (b)