Common use of Award to Lessee Clause in Contracts

Award to Lessee. In the event of any condemnation, whether total or partial, Lessee shall have the right to claim and recover from the condemning authority such compensation as may be separately awarded or recoverable by Lessee for loss of business, fixtures or equipment belonging to Lessee immediately prior to the condemnation. The balance of any condemnation award shall belong to Lessor and Lessee shall have no further right to recover from Lessor or the condemning authority for any additional claims arising out of such taking.

Appears in 1 contract

Samples: Building E Lease (Xoma Corp /De/)

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Award to Lessee. In the event of any condemnation, whether total or partial, Lessee shall have the right to claim and recover from the condemning authority such compensation as may be separately awarded or recoverable by Lessee for moving expenses and loss of businessits business fixtures, fixtures or equipment belonging to Lessee immediately prior to the condemnation. The balance of any condemnation award shall belong to Lessor and Lessee shall have no further right to recover from Lessor or the condemning authority for any additional claims arising out of such taking.

Appears in 1 contract

Samples: And Attornment Agreement (ViewRay, Inc.)

Award to Lessee. In the event of any condemnation, whether total or partial, Lessee shall have the right to claim and recover from the condemning authority such compensation as may be separately awarded or recoverable by Lessee for loss of businessits business fixtures, fixtures or equipment belonging to Lessee immediately prior to the condemnationcondemnation and out-of-pocket costs of moving from the Premises to a new location. The balance of any condemnation award shall belong to Lessor and Lessee shall have no further right to recover from Lessor or the condemning authority for any additional claims arising out of such taking.

Appears in 1 contract

Samples: And Attornment Agreement (General Magic Inc)

Award to Lessee. In the event of any condemnation, whether total or partial, Lessee shall have the right to claim and recover from the condemning authority such compensation as may be separately awarded or recoverable by Lessee for loss of businessits business fixtures, fixtures or equipment belonging to Lessee immediately prior to the condemnation. The balance of any condemnation award shall belong to Lessor and Lessee shall have no further right to recover from Lessor or the condemning authority for any additional claims arising out of such taking.

Appears in 1 contract

Samples: And Attornment Agreement (NeoStem, Inc.)

Award to Lessee. In the event of any condemnation, -------------- --------------- whether total or partial, Lessee shall have the right to claim and recover from the condemning authority such compensation as may be separately awarded or recoverable by Lessee for loss of businessits business fixtures, fixtures or equipment belonging to Lessee immediately prior to the condemnation. The balance of any condemnation award shall belong to Lessor and Lessee shall have no further right to recover from Lessor or the condemning authority for any additional claims arising out of such taking.

Appears in 1 contract

Samples: Industrial Lease (Valicert Inc)

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Award to Lessee. In the event of any condemnation, whether ------------ --------------- total or partial, Lessee shall have the right to claim and recover from the condemning authority such compensation as may be separately awarded or recoverable by Lessee for loss of businessits business fixtures, fixtures or equipment belonging to Lessee immediately prior to the condemnationcondemnation or for the interruption of Lessee's business, or its moving costs. The balance of any 15 condemnation award shall belong to Lessor and Lessee shall have no further right to recover from Lessor or the condemning authority for any additional claims arising out of such taking.

Appears in 1 contract

Samples: Dendreon Corp

Award to Lessee. In the event of any condemnation, ------------- --------------- whether total or partial, Lessee shall have the right to claim and recover from the condemning authority such compensation as may be separately awarded or recoverable by Lessee for loss of businessits business fixtures, fixtures or equipment belonging to Lessee immediately prior to the condemnation. The balance of any condemnation award shall belong to Lessor and Lessee shall have no further right to recover from Lessor or the condemning authority for any additional claims arising out of such taking.

Appears in 1 contract

Samples: Industrial Lease (Valicert Inc)

Award to Lessee. In the event of any condemnation, whether total or partial, Lessee shall have the right to claim and recover from the condemning authority such compensation as may be separately awarded or recoverable by Lessee for loss of business, fixtures or equipment belonging to Lessee immediately Lessxx xxxediately prior to the condemnation. The balance of any condemnation conxxxxxxion award shall belong to Lessor and Lessee shall have no further right to recover from Lessor or the condemning conxxxxxxg authority for any additional claims arising out of such taking.

Appears in 1 contract

Samples: Xoma Corp /De/

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