Common use of Condemnation and Loss or Damage Clause in Contracts

Condemnation and Loss or Damage. If the Leased Premises or any part thereof shall be taken or condemned for any public purposes to such an extent as to render the remainder of the Leased Premises, in the opinion of Lessor not reasonable suitable for Lessee's occupancy, this Lease shall, at the option of either party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor. In addition, Lessor shall not be liable or responsible to Lessee for any loss or damage to any property or persons occasioned by theft, fire, act of God, public enemy, injunction, riot, strike, insurrection, war, court order, requisition or order of governmental body or authority, or any other cause beyond the control of Lessor, or for any damage or inconvenience which may arise through repair or alteration of any part of the Building, or failure to make any such repairs.

Appears in 1 contract

Samples: 3dx Technologies Inc

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Condemnation and Loss or Damage. If the Leased Premises or any material part thereof shall be taken or condemned for any public purposes purpose to such an extent as to render the remainder of the Leased Premises, in the opinion of Lessor and Lessee, not reasonable reasonably suitable for Lessee's occupancy, Xxxxxx’s intended use this Lease lease shall, at the option of either party, party forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor. In addition, addition the Lessor shall not be liable or responsible to Lessee for any loss or damage to any property or persons occasioned by theft, fire, act of God, public enemy, injunction, riot, strike, insurrection, war, court order, requisition or order of governmental body or authority, force majeur or any other cause beyond the control of Lessor, or for any damage or inconvenience which may arise through repair or alteration of any part of the Building, or failure to make any such repairs. If additional proceeds from any taking are specifically to reimburse Lessee for moving costs or business loss then Xxxxxx will be entitled to those proceeds only.

Appears in 1 contract

Samples: Lease Agreement (Bankrate, Inc.)

Condemnation and Loss or Damage. If the Leased Premises or any part thereof shall be taken or condemned for any public purposes purpose to such an extent as to render the remainder of the Leased Premises, in the opinion of Lessor and Lessee, not reasonable reasonably suitable for Lessee's occupancy, this Lease shall, at the option of either party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor. In addition, Lessor shall not be liable or responsible to Lessee for any loss or damage to any property or persons occasioned by theft, fire, act of God, public enemy, injunction, riot, strike, insurrection, war, court order, requisition or order of governmental body or authority, force majeure or any other cause beyond the control of Lessor, or for any damage or inconvenience which may arise through repair or alteration of any part of the Building, or failure to make any such repairs, except to the extent caused by the intentional act or gross negligence of Lessor.

Appears in 1 contract

Samples: Lease Agreement (Applied Science Fiction Inc)

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Condemnation and Loss or Damage. If the Leased Premises Premises. or any part thereof shall be taken or condemned for any public purposes purpose to such an extent as to render the remainder of the Leased Premises, in the opinion of Lessor and Lessee, not reasonable reasonably suitable for Lessee's occupancyLessees .occupancy, this Lease shall, at the option of either party, forthwith cease and terminate. All proceeds from any taking or condemnation of the Leased Premises shall belong to and be paid to Lessor. In addition, Lessor shall not be liable or responsible to Lessee for any loss or damage to any property or persons occasioned by theft, fire, act of God, public enemy, injunction-injunction, riot, strike, insurrection, war, ,. court order, requisition or order of governmental body or authority, force majeure `or any other cause beyond the control of Lessor, or for any damage or inconvenience which may arise through repair or alteration alteration- of any part of the Building, Buildin& or failure to make any such repairs, except to the extent caused by the intentional act or gross negligence of Lessor.

Appears in 1 contract

Samples: Lease Agreement (Empower Health Corp)

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