Common use of Disposition of Awards Clause in Contracts

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.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Disposition of Awards. Should the whole or any part of the Premises 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.

Appears in 3 contracts

Samples: Lease Business Property (EVO Transportation & Energy Services, Inc.), Lease Agreement (Greenman Technologies Inc), Cycle Country Accessories Corp

Disposition of Awards. Should the whole or any part of the Premises demised premises be condemned or taken by a competent authority for any public or quasi-public use or 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.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement (Cardio Diagnostics Holdings, Inc.), Lease (McLeod Inc)

Disposition of Awards. Should the whole or any part of the Premises premises be condemned or taken for any a 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.

Appears in 2 contracts

Samples: Lease, Lease

Disposition of Awards. Should the whole or any part of the Premises demised premises be condemned or taken by a competent authority for any public or quasi-public use or purpose, each party shall be entitled to retain, as its own property, 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.

Appears in 2 contracts

Samples: Lease (Cycle Country Accessories Corp), Lease (Cycle Country Accessories Corp)

Disposition of Awards. Should the whole or any part of the Premises 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.

Appears in 1 contract

Samples: Lease (Greenman Technologies Inc)

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Disposition of Awards. Should the whole or any part of the Premises demised premises be condemned or taken by a competent authority for any public or quasi-public use or purpose, each party shall be entitled to retain, retain as its own property, any award payable to it. Or in the event that a single entire award is us 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.. (b.)

Appears in 1 contract

Samples: Lease β€” Business (Granite City Food & Brewery LTD)

Disposition of Awards. Should the whole or any part of the Premises demised premises be condemned or taken by a competent authority for any public or quasi-public use or 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.

Appears in 1 contract

Samples: Lease Agreement (Papa Johns International Inc)

Disposition of Awards. Should the whole or any part of the Premises 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 o account of the condemnation, each party will then be entitled to take such proportion of said award as may be fair and reasonable.

Appears in 1 contract

Samples: Lease Business (AMERICAN POWER GROUP Corp)

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