Common use of Awards for Permanent Taking Clause in Contracts

Awards for Permanent Taking. ‌ If there is compensation paid as a result of any permanent Taking of the Premises, the award will be allocated as follows: Xxxxxx will be entitled to receive an amount equal to the then current appraised fair market value of the Improvements placed by the Lessee upon the Premises and Lessor will be entitled to the balance of the award.

Awards for Permanent Taking. ‌ If there is compensation paid as a result of any permanent Taking of the Premises, the award will be allocated as follows: Xxxxxx Lessee will be entitled to receive an amount equal to the then current appraised fair market value of the Improvements placed by the Lessee upon the Premises and Lessor will be entitled to the balance of the award.

Awards for Permanent Taking. ‌ If there is compensation paid as a result of any permanent Taking of the Premises, the award will be allocated as follows: Xxxxxx will be entitled to receive an amount equal to the then current appraised fair market value of the Improvements placed by the Lessee upon the Premises and Lessor will be entitled to the balance of the award.

Awards for Permanent Taking. ‌ If there is compensation paid as a result of any permanent Taking of the Premises, the award will be allocated as follows: Xxxxxx Lessee will be entitled to receive an amount equal to the then current appraised fair market value of the Improvements placed by the Lessee upon the Premises and Lessor will be entitled to the balance of the award.