Damages to Remainder Sample Clauses

Damages to Remainder. The University may claim damages to economic remainders, subject to a before and after analysis employing principles of just compensation identified in Section 5.1.
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Damages to Remainder. The payment of $1,400,000, above, is to compensate University for damages to the remainder of the Xxxxx Xxxx site not acquired by Sound Transit. Such damages include but are not limited to loss of efficiency and development and increased construction costs. The payment of these damages by Sound Transit shall be the exclusive compensation to the University for damages to the Xxxxx Xxxx site provided, the University shall retain right for compensation for physical damages to Xxxxx Xxxx from Sound Transit construction (i.e., broken windows). Sound Transit shall have no offset for such damage payment against obligation to pay just compensation under Agreement Article V, except as otherwise provided in this section. In the event that the University, in its sole discretion, decides to apply for and obtains the height increase or variance identified in Section 1.4.2.1, above, the damage amount shall be reduced from $1,400,000 to $960,000 (“difference”). The difference shall be credited against amounts owed by Sound Transit to the University under Agreement, or paid by the University to Sound Transit.

Related to Damages to Remainder

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