Application of Awards, etc Sample Clauses

Application of Awards, etc. All awards and payments received by or payable to Lessor on account of a Taking (less the actual costs, fees and expenses incurred in connection with the collection thereof, for which the Person incurring the same shall be reimbursed from such award or payment, together with any interest or other income earned on such awards from the investment thereof and any other interest paid on any such awards prior to disbursement hereunder) shall be paid and applied in accordance with this Lease as follows: (a) All such awards and payments actually received on account of a Taking (other than a Total Taking based upon which Lessee shall have terminated the Lease) shall be applied as follows: (i) Subject to subparagraph (ii) below, such awards and payments shall be paid to a Depository and applied to pay the cost of the Restoration of the affected Property, such application to be effected by Lessor substantially in the same manner and subject to the same conditions as provided in Section 19.4 hereof with respect to insurance proceeds. (ii) In case of a Taking for a temporary use, such awards and payments shall be held and applied to the payment of Basic Rent and Additional Rent becoming due hereunder for the period of temporary use; provided, however, that if any portion of such awards and payments is made by reason of any damage to or destruction of any Property (or the Improvements thereon) during such Taking for temporary use, such portion shall be held and applied as provided in subparagraph (i) above after such Taking is terminated. (iii) The balance, if any, of such awards and payments not required to be held or applied in accordance with subparagraphs (i) and (ii) above, shall be paid to Lessor following completion of the Restoration. (b) All such awards or payments received or payable on account of a Total Taking with respect to any Property (or the Improvements thereon) shall, upon termination of this Lease in accordance with the provisions of Section 20.3 hereof, be paid to and retained by Lessor.
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Application of Awards, etc. All awards and payments received by or payable to the Mortgagor and the Mortgagee or either of them on account of a Taking (less the actual costs, fees and expenses incurred by the Mortgagee, including, without limitation, attorneys' fees and expenses, in connection therewith, for which the Person incurring the same shall be reimbursed from such award or payment), together with any interest or other income earned on such awards from the investment thereof and any other interest paid on any such awards prior to disbursement hereunder shall be paid to the Mortgagee and applied in accordance with Section 8.4 of the Indenture, provided, however, that if the terms of the Indenture are inconsistent or conflict with the terms and provisions of the Lease, the terms and provisions of the Lease shall control.
Sample 1

Related to Application of Awards, etc

  • Notification of Award 2.28.1 Prior to the expiration of the period of tender validity, the Procuring entity will notify the successful tenderer in writing that its tender has been accepted. 2.28.2 The notification of award will constitute the formation of the Contract but will have to wait until the contract is finally signed by both parties 2.28.3 Upon the successful Tenderer’s furnishing of the performance security pursuant to paragraph 2.28, the Procuring entity will promptly notify each unsuccessful Tenderer and will discharge its tender security, pursuant to paragraph 2.14

  • Payment of Awards The payment of the Award shall be made in shares of Common Stock. The payment of an Award shall be made within 70 days following the end of the Restricted Period.

  • Allocation of Award The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s business during the remaining Term, if any, for the taking of Lessee’s Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

  • Termination of Award In the event that the Employee shall forfeit all or a portion of the restricted stock units subject to the Award, the Employee shall promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective regardless of whether the Employee returns this Agreement.

  • Forfeiture of Awards The Restricted Stock Units granted hereunder (and gains earned or accrued in connection therewith) shall be subject to such generally applicable policies as to forfeiture and recoupment (including, without limitation, upon the occurrence of material financial or accounting errors, financial or other misconduct or Competitive Activity) as may be adopted by the Administrator or the Board from time to time and communicated to the Employee or as required by applicable law, and are otherwise subject to forfeiture or disgorgement of profits as provided by the Plan.

  • METHOD OF AWARD AND PROCEDURE FOR AWARDING A SOW AGREEMENT 5.1. Contractor selection, or the determination to terminate the SOW-RFP without award, shall be done in the best interest of the State.

  • Settlement of Awards Pursuant to Section 5 of this Agreement, the Corporation shall deliver to the Employee one Share for each vested Restricted Stock Unit included in the Award and, as applicable, one share for each vested Restricted Stock Unit that corresponds to an accrued dividend equivalent. Any vested Restricted Stock Units payable to the Employee (including Shares payable pursuant to Section 3 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

  • Acceleration of Equity Awards All: (i) outstanding and unvested options to purchase Common Stock granted to Executive under any equity plan of the Company, (ii) unvested shares of restricted Common Stock awarded to the Executive under any equity plan of the Company, and (iii) other equity and equity equivalent awards then held by the Executive, shall be accelerated in full, and thereafter all such options, shares of restricted Common Stock and other equity awards shall be immediately vested and exercisable for such period of time as provided for by the specific agreements governing each such award, upon Executive’s termination pursuant to Sections 11(b), (c), (e) or (f) hereof.

  • Service Awards The County shall continue its present policy with respect to service awards including time off; provided, however, that the type of award given shall be at the sole discretion of the County. The following procedures shall apply with respect to service awards:

  • Terms of Award The following terms used in this Agreement shall have the meanings set forth in this paragraph 1:

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