Disposition of Awards. Should the whole or any part of the Premises be condemned or taken for any public or quasi-public purpose, each party shall be entitled to retain, as its own property, any award payable to it. Or in the event that a single entire award is made on account of the condemnation, each party will then be entitled to take such proportion of said award as may be fair and reasonable.
Disposition of Awards. Except for any separate award for Tenant’s movable trade fixtures, relocation expenses, and unamortized leasehold improvements paid for by Tenant (provided that the same may not reduce Landlord’s award), all Taking awards to Landlord or Tenant shall be Landlord’s property without Xxxxxx’s participation, and Tenant hereby assigns to Landlord Xxxxxx’s interest, if any, in such award. Tenant may pursue its own claim against the Taking authority.
Disposition of Awards. All Awards shall belong to Landlord without any participation by Tenant. Tenant hereby assigns to Landlord any share of any Award, which may be granted to Tenant, except Tenant shall be entitled to make a separate claim with regard to the unamortized cost of any leasehold improvements paid for by Tenant and Tenant’s moving and relocation expenses, provided same does not diminish Landlord’s Award
Disposition of Awards. Except for any separate award for Tenant’s movable trade fixtures and relocation expenses (provided that the same may not reduce Landlord’s award), and unamortized leasehold improvements paid for by Tenant (i.e., in excess of Landlord’s Contribution and any other improvements paid for by Landlord), all Taking awards to Landlord or Tenant shall be Landlord’s property without Tenant’s participation, and Tenant hereby assigns to Landlord Tenant’s interest, if any, in such award. Tenant may pursue its own claim against the Taking authority.
Disposition of Awards. All awards arising from a total or partial Taking of the Demised Premises, the Building, or of Tenant's leasehold interest, shall belong to Landlord without any participation by Tenant except if such Taking occurs during the period of time after Tenant has given notice to Landlord of its intention to exercise its option under Article X, in which case Tenant shall participate to the extent of the improvements made to the portion of the Premises subject to the Taking. Tenant hereby assigns to Landlord any share of such Award which may be awarded to Tenant.
Disposition of Awards. All awards to be paid in connection with any exercise of eminent domain shall belong to Landlord without any participation by Tenant. Tenant hereby assigns to Landlord any share of any award which may be granted to Tenant. Notwithstanding the foregoing, Tenant may apply separately to the condemning authority for any compensation which may be separately awarded to Tenant by law, such as moving expenses, provided that such compensation does not form any part of or diminish Landlord's award.
Disposition of Awards. Should the whole or any part of the premises be condemned or taken for any public or quasi-public purpose, Landlord shall be entitled to retain, as its own property, the entire award payable. Tenant shall only be entitled to take such portion of said award as is expressly payable to Tenant for its personal property, leasehold improvements or relocation/moving expenses.
Disposition of Awards. All Awards arising from a total or partial Taking of the Premises or of Tenant’s leasehold interest awarded to Landlord or Tenant shall belong to and be the property of Landlord without any participation by Xxxxxx. Tenant hereby assigns to Landlord any share of such Award which may be awarded to Tenant, and hereby waives any rights it may have with respect to the loss of its leasehold interest in the Lease and the Premises as a result of a Taking. Xxxxxx agrees to execute such instruments as may be necessary to effectuate the foregoing assignment, and agrees to turn over to Landlord any Award which may be recovered by it. Notwithstanding the foregoing, Tenant shall be entitled to any separate award for loss of movable trade fixtures installed by it or for relocation expenses, but only if such award is made in addition to the award for loss of leasehold and for interests in the land and buildings.
Disposition of Awards. All awards arising from a total or partial taking of the Premises, whether temporary or permanent, of Tenant’s leasehold estate, shall belong to and be the property of Landlord without any participation by Tenant, save and except that Tenant shall be entitled to any award expressly attributable to (i) the Tenant’s Alterations, and (ii) costs of relocating Tenant’s operations to another location. Except as so provided, Tenant hereby assigns to Landlord any share of any condemnation award pertaining to the Building or the Project. Without limitation of the foregoing, Tenant hereby waives any rights it may have with respect to the loss of its leasehold estate pursuant to this Lease and the Premises as a result of a taking.
Disposition of Awards. Except for any separate award for Tenant’s movable trade fixtures, relocation expenses, and unamortized leasehold improvements paid for by Tenant (provided that the same may not reduce Landlord’s award), all Taking awards to Landlord or Tenant shall be Landlord’s property without Tenant’s participation, and Tenant hereby assigns to Landlord Tenant’s interest, if any, in such award. Tenant may pursue its own claim against the Taking authority. Notwithstanding the foregoing, Tenant shall be entitled to receive any award or payment from the condemning authority with respect to any Taking for temporary use, which award shall be received, held and applied by Tenant as a trust fund for payment of the Rent falling due. Time is of the essence with respect to Landlord’s and Tenant’s obligations under this Article XIV.
