Common use of Allocation of Award Clause in Contracts

Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s Personal Property, the taking of Capital Additions paid for by Tenant and Tenant’s removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 28 contracts

Samples: Master Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc)

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Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section 11.511.6, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal PropertyProperty (other than any such property purchased with the FF&E Reserve), the taking of Capital Additions paid for by Tenant and Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2)Tenant. In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 7 contracts

Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Candlewood Hotel Co Inc), Lease Agreement (Hospitality Properties Trust)

Allocation of Award. Except as provided in Section SECTION 11.4 and the second sentence of this Section SECTION 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section SECTION 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 3 contracts

Samples: Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc)

Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.. ARTICLE 12

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Alterra Healthcare Corp)

Allocation of Award. Except as provided in Section SECTION 11.4 and the second sentence of this Section SECTION 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Retained Buildings, the taking of Tenant’s Personal Property, the taking of Capital Additions paid for by Tenant and Tenant’s removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2)Tenant. In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 2 contracts

Samples: Lease Agreement (Travelcenters of America LLC), Lease Agreement (Hospitality Properties Trust)

Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the applicable Leased Property, Tenant's Capital Additions, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and or Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 2 contracts

Samples: Master Lease Agreement (Brookdale Living Communities Inc), Master Lease Agreement (Senior Housing Properties Trust)

Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s Personal PropertyProperty (other than any such Tenant’s Personal Property which is located at a Senior Housing Property and was purchased with the FF&E Reserve), the taking of Capital Additions paid for by Tenant and Tenant’s removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 2 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Five Star Quality Care Inc)

Allocation of Award. Except as provided in Section SECTION 11.4 and the second sentence of this Section SECTION 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Retained Buildings, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2)Tenant. In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 2 contracts

Samples: Lease Agreement (Travelcenters of America LLC), Lease Agreement (Travelcenters of America LLC)

Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, Tenant's Capital Additions, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and or Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.211.2 hereof). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 2 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Senior Housing Properties Trust)

Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 2 contracts

Samples: Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Brookdale Senior Living Inc.)

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Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section SECTION 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, Tenant's Capital Additions, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and or Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section SECTION 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 1 contract

Samples: Lease Agreement (Cytotherapeutics Inc/De)

Allocation of Award. Except as provided in Section 11.4 11.5 and the second sentence of this Section 11.511.6, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 1 contract

Samples: Master Lease Agreement (Senior Housing Properties Trust)

Allocation of Award. Except as provided in Section 11.4 and the second sentence of this Section 11.5, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, Tenant's Capital Additions, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and or Tenant’s 's removal and relocation expenses shall be the sole property of and xx xxd payable to Tenant (subject to the provisions of Section 11.211.2 hereof). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 1 contract

Samples: Master Lease Document (Senior Housing Properties Trust)

Allocation of Award. Except as provided in Section 11.4 11.5 and the second sentence of this Section 11.511.6, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal PropertyProperty (other than any such property purchased with the FF&E Reserve), the taking of Capital Additions paid for by Tenant and Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 1 contract

Samples: Master Lease Agreement (Senior Housing Properties Trust)

Allocation of Award. Except as provided in Section 11.4 SECTION 11.5 and the second sentence of this Section 11.5SECTION 11.6, the total Award shall be solely the property of and payable to Landlord. Any portion of the Award made for the taking of Tenant’s 's leasehold interest in the Leased Property, loss of business during the remainder of the Term, the taking of Tenant’s 's Personal Property, the taking of Capital Additions paid for by Tenant and Tenant’s 's removal and relocation expenses shall be the sole property of and payable to Tenant (subject to the provisions of Section SECTION 11.2). In any Condemnation proceedings, Landlord and Tenant shall each seek its own Award in conformity herewith, at its own expense.

Appears in 1 contract

Samples: Master Lease Agreement (Five Star Quality Care Inc)

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