Award; Restoration. As between the parties to this Lease, Tenant will be entitled to receive, and Landlord assigns to Tenant, that portion of the total award, compensation, damages or consideration paid or payable as a result of or in connection with any taking by eminent domain that is attributable (a) to the value of any Leasehold Improvements that are subject to such taking, less Landlord's Taking Share thereof (but only if possession of the taken property is transferred during the Initial Term; if possession is taken during any Renewal Term, Landlord will be entitled to the entire award attributable to any taken Leasehold Improvements); (b) to the value of any alterations or improvements made by Tenant, or any of Tenant's trade fixtures or equipment, that are subject to such taking; and (c) to moving expenses, business relocation expenses or damages to Tenant's business incurred as a result of such taking, and Landlord will be entitled to receive, and Tenant assigns to Landlord, the remaining balance of any such award, compensation, damages or consideration. Anything in this Section 13 to the contrary notwithstanding, in the event of a partial condemnation of the Premises where this Lease is not terminated, (i) Landlord will, at its sole cost and expense, restore the Premises (other than any alterations or improvements installed by Tenant) to a complete architectural unit (but Landlord's restoration obligations will be limited to restoration and repair of the Cold Shell and Leasehold Improvements and Landlord's restoration obligations will be limited to the extent of the condemnation award available to Landlord), and (ii) the Basic Rent provided for herein during the period from and after the date of delivery of possession pursuant to such proceedings to the termination of this Lease will be reduced to a sum equal to the product of the Basic Rent provided for herein multiplied by a fraction, the numerator of which is the fair market rent of the Premises after such taking and after the same has been restored to a complete architectural unit, and the denominator of which is the fair market rent of the Premises prior to such taking.
Award; Restoration. Landlord will be entitled to any proceeds or award resulting from any taking of the Premises, whether in whole or in part and whether for diminution in value of the leasehold or the fee, or transfer instead, and Tenant, if necessary, will execute upon demand a quit claim or other instrument transferring the then interest of Tenant in the Premises or part of the Premises so taken, to Landlord. Xxxxxx, however, will have the right to pursue a claim in any condemnation proceeding against the condemning authority (but not against Landlord) for compensation for any resulting damages to the business, trade fixtures and personal property of Tenant (but not for any diminution or loss of the leasehold estate of Tenant). If this Lease is not terminated, Landlord will make all necessary repairs or alterations to the Premises as are necessary to restore the Premises (as far as is reasonably possible to a complete architectural unit of like quality and character as existed before the taking, provided, however, Landlord will not be obligated to spend in the restoration work more than the amount received from the taking which is attributable to the Premises. Following the restoration, Tenant will repair and restore the trade fixtures and other contents within the Premises but in so doing will not be obligated to spend more than the amount received for damage to the trade fixtures and other contents from the condemning authority.
