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in the proceeds of any insurance carried by Lessee on Lessee's interest in this Lease and Lessee shall have no interest in the proceeds of any insurance carried by Lessor. ARTICLE XVI EMINENT DOMAIN Section 16.01. Automatic Termination of Lease. If the whole of the Premises shall be taken by any public authority under the power of eminent domain, then the Term shall cease as of the date possession is taken by such public authority and all rentals shall be paid up to such date. If only a part of the Premises shall be taken under eminent domain, this Lease shall terminate as to the portion taken, and unless this Lease shall be terminated, as hereinafter provided, it shall continue in full force and effect as to the remainder of the Premises and the Base Rent shall be reduced in the proportion the Gross Leasable Area taken bears to the Gross Leasable Area demised, and Lessor, at Lessor's own cost and expense, shall make all necessary repairs and alterations to the Premises required by such taking. Section 16.02. Option to Cancel. If the remainder of the Premises cannot be made Lesseeable for the purposes for which Lessee has been using the Premises, Lessee shall have the option, to be exercised within thirty (30) days after the filing of such eminent domain action, of canceling this Lease effective as of the date the condemning authority shall take possession; provided, however, that if more than fifty percent (50%) of the Gross Leasable Area remains, either party, by written notice to the other delivered on or before the date surrendering possession to the public authority, may then terminate this Lease, effective as of such surrender of possession. All compensation and damages of any type whatsoever awarded for any taking, whole or partial, shall belong to and shall be the property of Lessor except as hereinafter provided. Section 16.03. Total Condemnation of Parking Area. If the whole of the common pazking areas in the Project shall be acquired or condemned as aforesaid, then the Term shall cease and terminate as of the date possession is taken in such proceeding unless Lessor shall take immediate steps to provide other pazking facilities substantially equal to the previously existing common pazking aeeas, and such substantially equal parking facilities shall be provided by Lessor at Lessor's own expense within ninety (90) days from the date of acquisition. In the event that Lessor shall provide such other substantially equal pazking facilities, then this Lease shall continue in full force and effect without any reduction or abatement of rent. Section 16.04. Partial Condemnation of Parking Areas. If any part of the pazking area in the Project shall be acquired or condemned as aforesaid, and if, as a result thereof there shall be less than one-half of the parking spaces existing prior to such acquisition, then the Term shall cease and terminate as of the date possession is taken in such proceeding, unless Lessor shall take immediate steps toward providing other pazking facilities substantially equal to the previously existing common parking areas, in which event this Lease shall be unaffected and remain in full force and effect without any reduction or abatement of rent. In the event of termination of this Lease as aforesaid, Lessee shall have no claim against Lessor or the condemning authority for the value of any of unexpired Term and rent shall be adjusted to the date of said termination. 16