TERMINATION FROM TAKING Clause Samples
TERMINATION FROM TAKING. If during the term of this Lease there shall be a taking of the whole or substantially all of the Premises, this Lease shall terminate and expire on the date of such taking and the rent payable hereunder shall be equitably apportioned and paid to the date of such taking. “Substantially all of the Premises” shall be deemed to have been taken if the untaken part of the Premises shall, in the reasonable judgment of ▇▇▇▇▇▇, be insufficient for the economic and feasible continued operation of the Lessee’s business in connection therewith.
TERMINATION FROM TAKING. If this Lease shall have terminated ----------------------- as a result of such taking: As to all of any award (regardless of basis for the making of same), Tenant shall be entitled to that portion of the award which is equivalent to a fraction in which the numerator is equal to the number of years remaining in the initial Term (and any potential renewal term) and the denominator is fifty (50) years ("Tenant's Award") and Landlord shall be entitled to the remainder of such award, provided however that in no event shall Landlord's share of such award be less than that amount of money required to retire all then outstanding bonds secured by Landlord's interest in this Lease, on the earliest redemption date to occur after termination of this Lease. Provided further such minimum Landlord's share shall not exceed the total principal interest and redemption premium, if any, that would have been due and owing as of the next redemption date under the first occurring Bond Issuance contemplated and described in Section 2.14 of this Lease.