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

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)

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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

Samples: Basic Lease Information (Jayhawk Acceptance 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 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

Samples: Lease Agreement (Silicon Laboratories 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 30 120 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)

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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

Samples: Lease Agreement (Jayhawk Acceptance Corp)

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

Samples: Lease Agreement (Greenway 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 30 120 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

Samples: Sublease Agreement (Legalzoom Com Inc)

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