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If Purchaser does not elect to, or has no right to, terminate this Agreement in accordance herewith on account of a Taking, this Agreement shall remain in full force and effect and the sale of the Property contemplated by this Agreement, less any interest taken by eminent domain or condemnation, or sale in lieu thereof, shall be effected with no further adjustment and without reduction of the Purchase Price, and at the Closing, Seller shall assign, transfer, and set over to Purchaser all of the right, title, and interest of Seller in and to any awards applicable to the Property that have been or that may thereafter be made for such taking. At such time as all or a part of the Property is subjected to a bona fide threat of condemnation and Purchaser shall not have elected to terminate this Agreement as provided in this Section 7.2, and provided that the Inspection Period has expired, (i) Purchaser shall thereafter be permitted to participate in the proceedings as if Purchaser were a party to the action, and (ii) Seller shall not settle or agree to any award or payment pursuant to condemnation, eminent domain, or sale in lieu thereof without obtaining Purchaser\u2019s prior written consent thereto in each case. 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deemed to have waived its right to terminate this Lease as a result of the <strong>Material Taking</strong>, whereupon for purposes of this Lease from and after the waiver of the termination option, (a) the <strong>Material Taking</strong> shall instead be treated as a Partial Taking, as discussed below, and (b) the Award (as defined below) shall be paid in the manner described below.", "If a Partial Taking occurs (or if a <strong>Material Taking</strong> occurs, but this Lease is not terminated), then the Rent due hereunder shall be ratably adjusted, effective as of the effective date of the Taking .", "If the Closing Date would otherwise occur sooner, it shall automatically be extended to the date that is twenty (20) Business Days after written notice to Purchaser of the <strong>Material Taking</strong>.", "If, prior to the Close of Escrow, a <strong>Material Taking</strong> has occurred or is pending, Seller shall immediately notify Buyer of such fact.", "In the event of a condemnation by right of eminent domain that is not a <strong>Material Taking</strong>, or if there is a <strong>Material Taking</strong> and Purchaser elects to proceed under Section 6.4(b), Purchaser shall purchase the Property in accordance with the terms hereof (without reduction in the Purchase Price) and Seller shall assign to Purchaser at Closing all condemnation proceeds payable as a result of such condemnation (net of collection costs and costs of repair reasonably incurred by Seller and not then reimbursed).", "If Seller and Buyer shall fail to agree to settle the loss, if any, resulting from said <strong>Material Taking</strong>, said <strong>Material Taking</strong> shall be conclusively deemed to be an Asset Material Adverse Effect.", "If there is a Taking that is not a <strong>Material Taking</strong> and this Agreement is not partially terminated as provided in Section 8.1, this Agreement shall remain in full force and effect and any award(s) received thereby shall be apportioned pursuant to Section 8.3 hereof.", "With respect to any <strong>Material Taking</strong>, Purchaser shall be deemed to have elected to proceed under Section 6.4(b) unless, within ten (10) days from written notice of such <strong>Material Taking</strong>, Purchaser provides Seller with written notice that Purchaser elects to terminate this Agreement pursuant to Section 6.4(a).", "Except as set forth below, in the event of (i) a <strong>Material Taking</strong> or (ii) a Material Casualty, Lessor shall be entitled to receive the entire award, insurance proceeds or payment in connection therewith without deduction for any estate vested in Lessee by this Lease."], "related": [["substantial-taking", "Substantial Taking", "Substantial Taking"], ["total-taking", "Total Taking", "Total Taking"], ["partial-taking", "Partial Taking", "Partial Taking"], ["material-hoist", "material hoist", "material hoist"], ["constitutional-taking", "Constitutional taking", "Constitutional taking"]], 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