Common use of Disposition of Award Clause in Contracts

Disposition of Award. Upon such partial condemnation, all compensation and damages for such partial condemnation shall belong to and be the sole property of Lessor, and Lessee shall have no claim thereto and hereby irrevocably assigns and transfers to Lessor all right, title and interest Lessee may have to compensation for damages to which Lessee may become entitled thereby. Notwithstanding the foregoing, Lessee shall be entitled to receive any award made for the taking of or damage to Lessee's trade fixtures and any Improvements made by Lessee to the Leased Premises which Lessee would have had the right to remove on expiration or earlier termination of this Lease but for the condemnation.

Disposition of Award. Upon such partial condemnationtotal condemnation as in this Section provided, all compensation and damages for such partial condemnation taking shall belong to and be the sole property of Lessor, and Lessee shall have no claim thereto and hereby irrevocably assigns and transfers to Lessor all right, title and interest Lessee may have to compensation for damages to which Lessee may become entitled thereby. Notwithstanding the foregoing, Lessee shall be entitled to receive any award made for the taking of or damage to Lessee's trade fixtures and any Improvements made by Lessee to the Leased Premises which Lessee would have had the right to remove on expiration or earlier termination of this Lease but for the condemnationcondemnation and for any reasonable and necessary moving expenses.