Common use of Distribution of Award Clause in Contracts

Distribution of Award. All awards and damages received on account of any Taking, whether partial or total (including all amounts in respect to both the Premises, improvements constructed thereon, and personal property located thereon or thereat), including interest received, if any, whether such award or damages are paid in respect to the Taking of the fee or leasehold interest in the Premises (hereinafter collectively referred to as the “Award”), shall be paid promptly by the person(s) receiving the same to an escrow agent mutually acceptable to Landlord and Tenant, to be released as hereinafter provided upon appropriate instruction from the parties hereto.

Distribution of Award. All awards and damages received on account of any Taking, whether partial Total Taking or total Partial Taking (including all amounts in respect to both the Premises, improvements the Improvements constructed thereon, and personal property located thereon or thereatthereon), including interest received, if any, whether such award awards or damages are paid in respect to the Taking of the fee or leasehold interest in the Premises (hereinafter collectively referred to as the “"Award”"), shall be paid promptly by the person(s) receiving the same to an escrow agent mutually acceptable to Landlord and TenantTenant (the "Escrow Agent"), to be released as hereinafter provided upon appropriate instruction from the parties Parties hereto.