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HomeMy WebLinkAbout0021 t: , ~ . 1 r receive notice of such t~ki~i~, and tFie termiii~tion sl~~ll Ue ~ cffective as of Lhe time that possessiou of tlie part so taken _ sha21 be required for public use~ and minimum rent shall be ~ apportioned And adjusted as of the time of termiultion. If _ only a part of the common areas of the demised premises s12a11 be taken under the powcr of eminent domain, tl~en tlie term of this lease shall continue in full force and effect and Lessor shall, ~ witl~in u reason~l~le time after ossession is re ired for ublic ! P ~ P ~ use, repair what ma~ remain of the common areas of the demised ~ i premises so as to put the same into condition for use and ! occupa?2cy. • j ( (C) Lessor reserves to itself, and Lessee assign~ to Lessor, all rights to damages accruing on acco~.int of any taking under the power of eminent don~ain or by re~son of any act of any public or quasi public authority for which damages are payable. I.essee a~rees to execu te such instruments of assigiZm~nt as m~~ be reasonably requ ired by I,essor in any pro- ceeding for the recovery of such dama~es if requested by Lessor, and to turn over to Lessor any damages that may be recovered in such proceeding. Tt is agreed and understood, however, that i.essor does not reserve to itself, and Lessee dnes n~t assign to Lessor, any dam~ges payable f~r m~vable trade f ixtures . ! ~ installed by Lessee or anyb~dy claiming under Lessee at its ~ E ; own cost and ex~ense. Notwithstanding the foregoing, if the ~ ~ term of this lease sliall be terminated as a resu lt of a taking u nder tlie oower of eminent domain, then Lessee shall be entitled ~ to receive from Lessor so much of the damages acyuired on account ! ~ ; of sucl~ L-aking as shall be fairly allocable to the unam~rtized z - cost to Lessee of improvements made by Lessee to the realty y where amortization shall be deemed strai~ht line over ttie neri~d ~ of time fr~m the tim e of tne making oT the improvement u ntil 's ~ ~ the expiration of the term of this lease current at the time F of the exercise ~f tlie power of eminent domain. ~ ~ /r ` t ~ ~ - 20 - ~ R~ + ' BOOK j'd:,E t ~220 21 ~ t ~ ; E