Eminent Domain from Lease
THIS LEASE (Lease) is made as of this 29th day of June, 2005, and is effective as of May 1, 2005, between AMSDELL AND AMSDELL, an Ohio general partnership (Landlord) and U-Store-lt, L.P., a Delaware Limited Partnership (Tenant).
Eminent Domain. Appropriation of all of the Premises shall terminate this Lease as of the date thereof. If more than fifteen percent (15%), but not all of the Premises are appropriated and loss of the part so appropriated would have a substantial detrimental effect on Tenants use of the Premises or more than twenty percent (20%) of the Common Areas are appropriated, in each case as determined by Landlord, then Landlord may terminate this Lease by written notice to Tenant within a period of fifteen (15) days after such appropriation. If less than fifteen percent (15%) of the Premises are appropriated or if Landlord does not exercise its termination right, then Landlord shall proceed with all reasonable speed to repair any damage to the Premises caused by the partial appropriation and Tenant shall be entitled to a reasonable adjustment in Fixed Minimum Rent accruing hereunder from the date of appropriation, proportionate to that part of the Premises so taken, as determined by Landlord.