Common use of Partial Condemnation Clause in Contracts

Partial Condemnation. i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iii) hereof then Tenant may require Landlord, except during the last two (2) years of the Term, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 2 contracts

Samples: Office Space Lease (CRW Financial Inc /De), Lease (Bio Imaging Technologies Inc)

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Partial Condemnation. (i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iiiSubsection 21(a)(iii) hereof hereof, then Tenant may require Landlord, except during the last two (2) years of the Term, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Viasys Healthcare Inc

Partial Condemnation. i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iii1 8(a)(iii) hereof then Tenant may require Landlord, except during the last two (2) years of the Term, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Lease (U S Interactive Inc/Pa)

Partial Condemnation. i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iii) or if Tenant elects to terminate pursuant to Section 18(a)(ii) hereof then Tenant may require Landlord, except during the last two (2) years of the TermTenn, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Lease (Orapharma Inc)

Partial Condemnation. (i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iiiParagraph (a) hereof then Tenant may require Landlordhereof, except during the last two (2) years of the Termterm, Tenant may require Landlord to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Agreement of Lease (Iomega Corp)

Partial Condemnation. (i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iiiParagraph (a) hereof then Tenant may require Landlordhereof, except during the last two (2) years of the Termterm, Tenant may require Landlord to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended expanded by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Agreement of Lease (Pennsylvania Physician Healthcare Plan Inc)

Partial Condemnation. i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iii19(a)(iii) hereof then Tenant may require Landlord, except during the last two (2) years of the Term, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Office Space Lease (Nco Group Inc)

Partial Condemnation. i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iii18(a) (iii) hereof then Tenant may require Landlord, except during the last two (2) years of the Term, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Lease (Cytogen Corp)

Partial Condemnation. (i) If there is a partial condemnation and Landlord decides to terminate the Lease terminates pursuant to subsection 18(a)(iiiSubsection 21(a)(iii) hereof hereof, then Tenant may require Landlord, except during the last two (2) years of the Term, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Confirmation Agreement (Cardionet Inc)

Partial Condemnation. (i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iiiParagraph (a) hereof then Tenant may require Landlordhereof, except during the last two (2) years of the Termterm, Tenant may require Landlord to withdraw its notice of termination by: [(A] ) giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [(B] ) agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Agreement of Lease (Systems & Computer Technology Corp)

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Partial Condemnation. (i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iii(a)(iii) hereof then Tenant may require Landlord, except during the last two (2) years of the this Term, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Lease Agreement (Apollon Inc)

Partial Condemnation. i) i. If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iiiParagraph (a) hereof then Tenant may require Landlordhereof, except during the last two (2) years of the Termterm, Tenant may require Landlord to withdraw its notice of termination by: [(A] ) giving Landlord written notice thereof within ten (10) days from transmission of Landlord's ’s notice to Tenant of Landlord's ’s intention to terminate, [(B] ) agreeing to pay the cost of restoration in excess of the net condemnation proceeds received by Landlord as reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [(C] ) giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Lease Agreement (Auxilium Pharmaceuticals Inc)

Partial Condemnation. (i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iiiParagraph (a) hereof then Tenant may require Landlordhereof, except during the last two (2) years of the Termterm, Tenant may require Landlord to withdraw its notice of termination by: [(A] ) giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [. (B] ) agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [(C] ) giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: 4 Agreement (Analytical Graphics Inc)

Partial Condemnation. i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iii) hereof then Tenant may require Landlord, except during the last two (2) years of the Term, to withdraw its notice of termination by: [A] giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [B] agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums out of pocket costs reasonably expended by Landlord in collecting the condemnation proceeds, and [C] giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Cdnow N2k Inc

Partial Condemnation. (i) If there is a partial condemnation and Landlord decides to terminate pursuant to subsection 18(a)(iiiParagraph (a) hereof then Tenant may require Landlordhereof, except during the last two (2) years year of the Termterm, Tenant may require Landlord to withdraw its notice of termination by: [(A] ) giving Landlord written notice thereof within ten (10) days from transmission of Landlord's notice to Tenant of Landlord's intention to terminate, [(B] ) agreeing to pay the cost of restoration in excess of the condemnation proceeds reduced by those sums expended by Landlord in collecting the condemnation proceeds, and [(C] ) giving Landlord adequate security for such payment within such ten (10) day period.

Appears in 1 contract

Samples: Agreement of Lease (McNaughton Apparel Group Inc)

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