Common use of Condemnation of Lessee-Owned Property Clause in Contracts

Condemnation of Lessee-Owned Property. The Lessee shall be entitled to the Net Proceeds of any condemnation award or portion thereof made for the damages to or takings of its own property other than the Project.

Appears in 1 contract

Samples: Lease Agreement (Conrad Industries Inc)

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Condemnation of Lessee-Owned Property. The Lessee shall also be entitled to the Net Proceeds of any condemnation award or portion thereof made for the damages to to, or takings of its own property other than not included in the Project, provided that any Net Proceeds resulting from damages to, or a taking of all or any part of the leasehold estate of the Lessee in the Project created by this Lease Agreement shall be paid and applied in the manner provided in Section 7.2 hereof.

Appears in 1 contract

Samples: Lease Agreement (Central Sprinkler Corp)

Condemnation of Lessee-Owned Property. The Lessee shall be entitled to the Net Proceeds of any condemnation award or portion thereof made for the damages damage to or takings of its own property other than not included in the Project, provided that any Net Proceeds resulting from the taking of all or any part of the leasehold estate of the Lessee created by this Lease shall be paid and applied in the manner provided in the foregoing Section 5.2 of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Prime Foods Development Corp)

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Condemnation of Lessee-Owned Property. The Lessee shall be entitled to the Net Proceeds of any condemnation award (including all amounts received as the result of any settlement of compensation claims negotiated with the condemning authority) or portion thereof made for the damages to or takings the taking of its own property other than not included in the Project, including damages for goodwill or loss of business.

Appears in 1 contract

Samples: Consent and Agreement (Paa Natural Gas Storage Lp)

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