TAKING OF PART. In the event a part of the Building or the Premises is taken or condemned by any competent authority (or a deed is delivered in lieu of condemnation) and this Lease is not terminated, the Lease shall be amended to reduce or increase, as the case may be, the Monthly Base Rent and Tenant’s Share to reflect the Rentable Area of the Premises or Building, as the case may be, remaining after any such taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds of sale) shall make necessary repairs and restorations to the Premises (exclusive of Tenant Additions) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and economically efficient unit. Notwithstanding the foregoing, if as a result of any taking, or a governmental order that the grade of any street or alley adjacent to the Building is to be changed and such taking or change of grade makes it necessary or desirable to substantially remodel or restore the Building or prevents the economical operation of the Building, Landlord shall have the right to terminate this Lease upon ninety (90) days prior written notice to Tenant.
TAKING OF PART. 22 15.03 COMPENSATION.................................................................. 23
TAKING OF PART. In the event a part of the Premises is taken or condemned by any competent authority (or a deed is delivered in lieu of condemnation), and the remaining portions of the Premises are not, in Tenant’s reasonable business judgment, adequate or feasible for Tenant’s economic continued operations therein, then Tenant shall have the right to terminate this Lease by delivery of written notice to Landlord delivered within ten (10) days after such taking or condemnation. If this Lease is not so terminated, the Lease shall be amended to reduce or increase, as the case may be, the Monthly Base Rent and Tenant’s Share to reflect the Rentable Area of the Premises or Building, as the case may be, remaining after any such taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds of sale) shall make necessary repairs and restorations to the Premises (exclusive of Tenant Additions) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and economically efficient unit. Notwithstanding the foregoing, if as a result of any taking, or a governmental order that the grade of any street or alley adjacent to the Building is to be changed and such taking or change of grade makes it necessary or desirable to substantially remodel or restore the Building or prevents the economical operation of the Building, Landlord shall have the right to terminate this Lease upon ninety (90) days prior written notice to Tenant.
TAKING OF PART. If 10% or less of the Premises in the Building shall be taken in any proceeding by condemnation or otherwise, or be acquired for public or quasi-public purposes (hereinafter "Condemnation"), Tenant shall have no right to terminate this Lease. In the event that more than 10% and less than 25% of the Premises are taken by Condemnation, Tenant shall have the right to terminate this Lease provided such Condemnation will not permit Tenant to carry on its normal pre-existing business in the remainder of the Premises. In the event that 25% or more of the Premises shall be taken by Condemnation, Landlord or Tenant shall have the option of terminating the term of this Lease. In the event that all or a portion of the common areas and facilities of the Building shall be taken, Tenant shall have the right to terminate this Lease in the event: (I) safe access is denied to the Premises; or (ii) there is substantial interference with the normal pre-existing business of Tenant. If either party, pursuant to the preceding sentences, desires to exercise its option of terminating the term of this Lease, such termination shall be effective by the party desiring to terminate giving written notice to the other party provided that such notice shall be given not more than 30 days subsequent to the date on which Tenant shall have been deprived possession of the part so taken and the rent and other charges payable by Tenant shall be adjusted as of such termination date; provided, however, if Tenant exercises its right to terminate the Lease because of a taking of all or a portion of the common areas and facilities of the Building, Landlord shall have the right to cure or take whatever steps it deems advisable to cure (but shall not be obligated to do so) the conditions which give rise to Tenant's right to terminate within 30 days from receipt of Tenant's notice to terminate and if Landlord has cured or corrected such conditions, or commences to cure or correct such conditions and is pursuing same with all due diligence, then the Lease shall remain in full force and effect and Tenant's notice to terminate shall be null and void.
TAKING OF PART. In the event the whole or any substantial part of the Building or the Premises is taken or condemned by any competent authority (or a deed is delivered in lieu of condemnation) and this Lease is not terminated, the Lease shall be amended to reduce or increase, as the case may be, the Monthly Base Rent and Tenant’s Share to reflect the Rentable Area of the Premises or Building, as the case may be, remaining after any such taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds of sale) shall make necessary repairs and restorations to the Premises (exclusive of Tenant Alterations) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and economically efficient unit. Notwithstanding the foregoing, if as a result of any taking, or a governmental order that the grade of any street or alley adjacent to the Building is to be changed and such taking or change of grade makes it necessary or desirable to substantially remodel or restore the Building or, in the Landlord’s sole discretion, prevents the economical operation of the Building, Landlord shall have the right to terminate this Lease upon ninety (90) days prior written notice to Tenant.
TAKING OF PART. In the event a part of the Building or the Premises is taken or condemned by any competent authority and this Lease is not terminated as provided in Section 18(a) above, this Lease shall be amended to reduce or increase, as the case may be, the Monthly Base Rent and Tenant’s Proportionate Share to reflect the Rentable Area of the Premises or Building, as the case may be, remaining after any such taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds of sale) shall make necessary repairs and restorations to the Premises (exclusive of any Tenant Alterations, or any other improvements made by or on behalf of Landlord or Tenant) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and economically efficient unit.
TAKING OF PART. 12 15.03 COMPENSATION . . . . . . . . . . . . . . . . . . . . . 13
TAKING OF PART. In the event a part of the Building or the Premises is taken or condemned by any competent authority for any public use or purpose (including a deed given in lieu of condemnation), Adjusted Monthly Base Rent shall be reduced by an amount which bears the same ratio to Adjusted Monthly Base Rent then in effect as the number of square feet of rentable area in the Premises so taken or condemned bears to the number of square feet of rentable are specified in Subsection 1.01.I. Landlord, upon receipt of and to the extent of the award in condemnation or proceeds of sale, shall make necessary repairs and restorations (exclusive of Tenant's leasehold improvements and personal property paid for or installed by Tenant) to restore the Premises remaining to as near its former condition as circumstances will permit, and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural unit. In the event of a partial taking or condemnation of the Premises and/or the Building as herein provided, the rentable area of the Premises specified in Subsection 1.01.I and/or the rentable area of the Building as specified in this Lease, respectively, shall be reduced for all purposes under this Lease by the number of square feet of rentable area of the Premises and/or the Building, respectively, so taken or condemned or rendered useless by such condemnation.
TAKING OF PART. If a part of the Building or the Premises is taken or condemned by any competent authority and this Lease is not terminated as provided in Section 16.A., the Lease shall be amended to reduce (if applicable) the monthly Base Rent, or to reduce or increase, as the case may be, the Tenant's Proportionate Share to reflect the Rentable Square Feet of the Premises or Building, as the case may be, remaining after the taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds of sale), shall make necessary repairs and restorations to the Premises (including Tenant Improvements, but excluding any FF&E, Tenant's alterations, or any other improvements made by or on behalf of Tenant) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and economically efficient unit.
TAKING OF PART. In the event a part of the Building or the Premises is taken or condemned by any competent authority (or a deed is delivered in lieu of condemnation) and this Lease is not terminated, this Lease shall be amended to reduce or increase, as the case may be, the Monthly Base Rent and Tenant’s Share to reflect the Rentable Area of the Premises or Building, as the [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. case may be, remaining after any such taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds of sale) shall make necessary repairs and restorations to the Premises (exclusive of Tenant Additions) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and economically efficient unit. Notwithstanding the foregoing, if as a result of any taking, or a governmental order that the grade of any street or alley adjacent to the Building is to be changed and such taking or change of grade makes it necessary or desirable to substantially remodel or restore the Building or prevents the economical operation of the Building, Landlord shall have the right to terminate this Lease upon ninety (90) days’ prior written notice to Tenant.
