Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this Lease, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx provided in the last sentence of Section 14.(a).
Appears in 1 contract
Samples: Lease (Clark/Bardes Holdings Inc)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this Lease, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx provided in the last sentence of Section 14.(a)14.a.
Appears in 1 contract
Samples: Service Agreement (American Physician Partners Inc)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 thirty (30) days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does and Tenant do not so terminate this Lease, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx xxxxx as provided in the last sentence of Section 14.(a).
Appears in 1 contract
Samples: Basic Lease (Inet Technologies Inc)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlordeither Landlord or Tenant, exercised by written notice to Tenant either Landlord or Tenant, as the case may be, within 30 thirty (30) days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If either Landlord or Tenant does not so terminate this Lease, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx abate as provided in the last sentence senxxxxx of Section 14.(a)13a.
Appears in 1 contract
Samples: Office Lease Agreement (Summit Bancshares Inc /Tx/)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's ’s Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this LeaseLease and does not elect to relocate Tenant, then this Lease will continue, but if any portion of the Premises premises has been taken, Basic Rental shall abatx xx adjust as provided in the last sentence of Section 14.(a14(a).
Appears in 1 contract
Samples: Lease Agreement (CS Disco, Inc.)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's ’s Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 ninety (90) days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this LeaseLease then, then subject to the rights of Landlord and Tenant in Section 14.a., this Lease will continue, but if any portion of the Premises has been taken, Basic Rental Rent shall abatx xx xxxxx as provided in the last sentence of Section 14.(a)14.a.
Appears in 1 contract
Samples: Lease (PQ Group Holdings Inc.)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this LeaseLease and does not elect to relocate Tenant, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx abate as provided in the last xxxx sentence of Section 14.(a)14.a.
Appears in 1 contract
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this LeaseLease and does not elect to relocate Tenant, then then, subject to Tenant's rights under 14(a), this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx adjust as provided in the last sentence of Section 14.(a).
Appears in 1 contract
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 120 days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this LeaseLease and Tenant is not relocated, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental Rent shall abatx xx abate as provided in the last sentence of Section 14.(a)Xxxxxon 14.a.
Appears in 1 contract
Samples: Lease (Daleen Technologies Inc)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this LeaseLease and does not elect to relocate Tenant, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx xxxxx as provided in the last sentence of Section 14.(a)14.a.
Appears in 1 contract
Taking - Landlord's Rights. If all or any material portion, but less than all, portion of the Building Project becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's MortgageeMortga gee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 sixty (60) days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this Lease, then this Lease will continue, but if any portion of the Premises has been taken, Basic Base Rental shall abatx xx axxxx as provided in the last sentence of Section 14.(a13(a).
Appears in 1 contract
Taking - Landlord's Rights. If any -------------------------- material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 120 days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this Lease, Lease then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx xxxxx as provided in the last sentence of Section 14.(a)14.a.
Appears in 1 contract
Samples: Lease (Intira Corp)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any more than $250,000.00 of the proceeds received for a Taking to Landlord's ’s Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 thirty (30) days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this LeaseLease and does not elect to relocate Tenant, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental shall abatx xx adjust as provided in the last sentence of Section 14.(a).. (c)
Appears in 1 contract
Samples: Lease Agreement (Arthrocare Corp)
Taking - Landlord's Rights. If any material portion, but less than all, of the Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to Landlord's ’s Mortgagee, then this Lease, at the option of Landlord, exercised by written notice to Tenant within 30 thirty (30) days after such Taking, shall terminate and Rent shall be apportioned as of the date of such Taking. If Landlord does not so terminate this LeaseLease and does not elect to relocate Tenant, then this Lease will continue, but if any portion of the Premises has been taken, Basic Rental Rent shall abatx xx xxxxx as provided in the last sentence of Section 14.(a)16.1.
Appears in 1 contract