Compensation to Tenant. In the event Landlord shall elect to relocate Tenant to Substitute Premises, Tenant shall not be entitled to any compensation for any inconvenience or interference with Tenant's business, nor any abatement or reduction of Annual Basic Rent or Additional Rent, but Landlord shall, at Landlord's expense perform the following: (a) furnish and install in the Substitute Premises fixtures, equipment, improvements, appurtenances and leasehold improvements at least equal in kind and quality to those contained or to be contained in the Leased Premises at the time such notices of substitution is given by Landlord; (b) provide personnel to perform, under Tenant's direction, the moving of Tenant's personal property and trade fixtures from the Leased Premises to the Substitute Premises;
Compensation to Tenant. In the event Landlord shall elect to relocate Tenant to Substitute Premises, Tenant shall not be entitled to any compensation for any inconvenience or interference with Tenant's business, nor any abatement or reduction of Annual Basic Rent or Additional Rent, but Landlord shall, at Landlord's expense perform the following:
(a) Furnish and install in the Substitute Premises fixtures, equipment, improvements, appurtenances and leasehold improvements at least equal in kind and quality to those contained or to be contained in the Leased Premises at the time such notices of substitution is given by Landlord;
(b) Provide personnel to perform, under Tenant's direction, the moving of Tenant's personal property and trade fixtures from the Leased Premises to the Substitute Premises;
(c) Promptly reimburse Tenant for Tenant's actual and reasonable out-of-pocket costs incurred in connection with the relocation of any telephone or other communications equipment from the Leased Premises to the Substitute Premises; and
(d) Promptly reimburse Tenant for any other actual and reasonable out-of-pocket costs incurred by Tenant in connection with Tenant's move from Leased Premises to the Substitute Premises, provided such costs are approved by Landlord in advance which approval shall not be unreasonably withheld. Tenant shall cooperate with Landlord so as to facilitate the performance by Landlord of its obligations under this Article 18.2 and the prompt surrender by Tenant of the Leased Premises. Without limiting the generality of the preceding sentence, Tenant shall provide Landlord promptly any approvals or instructions and any plans or specifications or any other information reasonably requested by Landlord, and Tenant shall perform promptly in the Substitute Premises any work to be performed therein by Tenant to prepare the same for Tenant's occupancy.
Compensation to Tenant. The Tenant shall on determination of the Tenancy be entitled to compensation only in the events and to the extent prescribed by Section 2 Sub-Sections (2) and (3) of the Allotments Act 1922 as amended by the Allotments Act 1950 but not further or otherwise.
Compensation to Tenant. In the event Landlord shall elect to relocate Tenant to Substitute Premises, Tenant shall not be entitled to any compensation for any inconvenience or interference with Tenant's business, nor any abatement or reduction of Annual Basic Rent or Additional Rent, but Landlord shall, at Landlord's expense perform the following:
(a) Furnish and install in the Substitute Premises fixtures, equipment, improvements, appurtenances and leasehold improvements at least equal in kind and quality to those contained or to be contained in the Leased Premises at the time such notices of substitution is given by Landlord;
(b) Provide personnel to perform, under Tenant's direction, the moving of Tenant's personal property and trade fixtures from the Leased Premises to the Substitute Premises;
(c) Promptly reimburse Tenant for Tenant's actual and reasonable out-of-pocket costs incurred in connection with the relocation of any telephone or other communications equipment from the Leased Premises to the Substitute Premises; and
Compensation to Tenant. In the event Tenant shall have consented to relocation to Substitute Premises, Tenant shall not be entitled to any compensation for any inconvenience or interference with Tenant's business, nor any abatement or reduction of Annual Basic Rent or Additional Rent, but Landlord shall, at Landlord's expense perform the following:
Compensation to Tenant. Where this Lease is terminated pursuant to the provisions of clauses 4.4, 5.4 and 18.2 the Landlord shall either:
(a) pay to the Tenant in a lump sum by bank draft an amount equal to the fair market value of all improvements made to the Lands including but not limited to the Heritage Buildings and the New Building (the “Fair Market Value”) such payment to be made within 30 days of the Fair Market Value being determined. The Fair Market Value will be determined by an appraiser retained by and at the expense of the Landlord, who has designation from the Appraisal Institute of Canada AACI or the Real Estate Institute of British Columbia RIBC, which appraisal will be dated within 30 days (before or after) the date of termination of this Lease and a copy of which the Landlord will provide to the Tenant within 30 days of the termination date. If the Tenant disagrees with the Landlord’s appraisal, the Tenant may cause its own appraisal to be prepared by an appraiser by and at its expense having the designation identified above, which appraisal the Tenant will provide to the Landlord no later than 30 days from the delivery of the Landlord’s appraisal. If the Tenant’s appraisal exceeds the Landlord’s appraisal by greater than 10% of the Landlord’s appraisal amount, the Landlord and the Tenant will jointly retain a third appraiser with the qualifications described above to complete an appraisal at least 21 days from the date of delivery of the Tenant’s appraisal and the resulting appraisal amount will be the reimbursement amount payable to the Tenant. If the Landlord and the Tenant are unable to agree on the person who will act as the third appraiser, then the third appraiser will be selected by a single arbitrator jointly by the parties, and if the parties are unable to agree on an arbitrator, either party may apply to court for appointment of an arbitrator in accordance with the Arbitration Act (British Columbia) and the arbitrator’s fees will be paid by the losing party, as determined by the arbitrator;
(b) elect to sell the Lease forthwith, or as soon as reasonably possible, to a third party acting in good faith to obtain the best possible price (the “Third Party Sale”). Within seven (7) days of the completion of the Third Party Sale the Landlord shall deduct its reasonable costs related to the termination of the Lease and the Third Party Sale and thereafter pay the Tenant the lesser of the Fair Market Value as determined in clause 18.5(a) above and the remainde...
Compensation to Tenant. Within fifteen (15) days after the date of this Second Amendment, Landlord shall pay Tenant the sum of Five Hundred Thousand Dollars ($500,000.00).
