Division of Condemnation Award. Any award made as a result of any condemnation of the Premises or the Common Area shall belong to and be paid to Landlord, and Tenant hereby assigns to Landlord all of its right, title and interest in any such award; provided, however, that Tenant shall be entitled to receive any condemnation award that is made directly to Tenant for the following so long as the award made to Landlord is not thereby reduced: (i) for the taking of Tenant's Property or Trade Fixtures belonging to Tenant, (ii) for the interruption of Tenant's business or its moving costs, (iii) for loss of Tenant's goodwill; or (iv) for LEASE any temporary taking where this Lease is not terminated as a result of such taking. The rights of Landlord and Tenant regarding any condemnation shall be determined as provided in this Article, and each party hereby waives the provisions of California Code of Civil Procedure Section 1265.130 and the provisions of any similar law hereinafter enacted allowing either party to petition the Superior Court to terminate this Lease in the event of a partial taking of the Premises.
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Samples: Lease (Quickturn Design Systems Inc)
Division of Condemnation Award. Any award (“Award”) made as a result of any condemnation or of the taking of the Premises or the Common Area shall belong to and be paid to Landlord, and Tenant hereby assigns to Landlord all of its right, title and interest in any such awardAward; provided, however, that Tenant shall be entitled to receive any condemnation award Award that is made directly to Tenant for the following following, so long as the award made to Landlord is not thereby reduced: (i) for the taking of Tenant's Property personal property, Alterations or Trade Fixtures belonging to Tenant, (ii) for the interruption of Tenant's business or ’s business, its moving and relocation costs, (iii) for loss of Tenant's ’s goodwill; , or (iv) for LEASE any temporary taking where this Lease is not terminated as a result of such taking. The rights of Landlord and Tenant regarding any condemnation shall be determined as provided in this ArticleSection 13.5, and each party hereby waives the provisions of California Code of Civil Procedure Section 1265.130 and the provisions of any similar law hereinafter enacted allowing either party to petition the Superior Court to terminate this Lease in the event of a partial taking of the Premises.
Appears in 1 contract
Samples: Lease Agreement (Palmsource Inc)
Division of Condemnation Award. Any award made as a result of any condemnation of the Premises or the Common Area shall belong to and be paid to Landlord, and Tenant hereby assigns to Landlord all of its right, title and interest in any such award; provided, however, that Tenant shall be entitled to receive any condemnation award that is made directly to Tenant for the following so long as the award made to Landlord is not thereby reducedfollowing: (i) for the taking of Tenant's Property or ’s Alterations which are not required to be surrendered to Landlord at the termination of this Lease and/or Tenant’s Trade Fixtures belonging to Tenant, Fixtures; (ii) for the interruption of Tenant's ’s business or its moving costs, ; (iii) for loss of Tenant's ’s goodwill; or (iv) for LEASE any temporary taking where (except to the extent this Lease is not terminated as a result of such temporary taking). The rights of Landlord and Tenant regarding any condemnation shall be determined as provided in this Article, and each party hereby waives the provisions of California Code of Civil Procedure procedure Section 1265.130 and the provisions of any similar law hereinafter enacted allowing either party to petition the Superior Court to terminate this Lease in the event of a partial taking of the Premises.
Appears in 1 contract
Samples: Lease (Echelon Corp)
Division of Condemnation Award. Any award made as a result of for any condemnation taking of the Premises Property, the Buildings, or the Common Area Leased Premises, or any portion thereof, shall belong to and be paid to Landlord, and Tenant hereby assigns to Landlord all of its right, title and interest in any such award; provided, however, that Tenant shall be entitled to receive any condemnation portion of the award that is made directly to Tenant for the following so long as the award made to Landlord is not thereby reduced: specifically (i) for the taking of Tenant's Property personal property, inventory or Trade Fixtures trade fixtures belonging to Tenant, (ii) for the interruption of Tenant's ’s business or its moving costs, or (iii) for loss the value of any leasehold improvements installed and paid for by Tenant's goodwill; or . In addition, Tenant shall have the right to file any separate claim available to Tenant for any of the costs described in clauses (iv) for LEASE any temporary taking where this Lease is not terminated as a result of such takingi)-(iii). The rights of Landlord and Tenant regarding any condemnation shall be determined as provided in this Article, and each party hereby waives the provisions of Section 1265.130 of the California Code of Civil Procedure Section 1265.130 Procedure, and the provisions of any similar law hereinafter enacted enacted, allowing either party to petition the Superior Supreme Court to terminate this Lease and/or otherwise allocate condemnation awards between Landlord and Tenant in the event of a partial taking of the Leased Premises.
Appears in 1 contract
Samples: Lease Agreement (Personalis, Inc.)
Division of Condemnation Award. Any award ("Award") made as a result ----- of any condemnation or of the taking of the Premises or the Common Area shall belong to and be paid to Landlord, and Tenant hereby assigns to Landlord all of its right, title tide and interest in any such awardAward; provided, however, that Tenant shall be entitled to receive any condemnation award Award that is made directly to Tenant for the following following, so long as the award made to Landlord landlord is not thereby reduced: (i) for the taking of Tenant's Property personal property, Alterations, Tenant Improvements or Trade Fixtures belonging to Tenant, (ii) for the interruption of Tenant's business or its moving costs, (iii) for loss of Tenant's goodwill; or (iv) for LEASE any temporary taking where this Lease is not terminated as a result of such taking. The rights of Landlord and Tenant regarding any condemnation shall be determined as provided in this ArticleSection 11.5, and each party hereby waives the provisions of California Code of Civil Procedure Section 1265.130 and the provisions of any similar law hereinafter enacted allowing either party to petition the Superior Court to terminate this Lease in the event of a partial taking of the Premises.
Appears in 1 contract
Division of Condemnation Award. Any award (“Award”) made as a result of any condemnation or of the taking of the Premises or the Common Area shall belong to and be paid to Landlord, and Tenant hereby assigns to Landlord all of its right, title and interest in any such awardAward; provided, however, that Tenant shall be entitled to receive any condemnation award Award that is made directly to Tenant for the following following, so long as the award made to Landlord is not thereby reduced: (i) for the taking of Tenant's Property personal property, Alterations or Trade Fixtures belonging to Tenant, (ii) for the interruption of Tenant's business or ’s business, its moving and relocation costs, (iii) for loss of Tenant's ’s goodwill; or (iv) for LEASE any temporary taking where this Lease is not terminated as a result of such taking. The rights of Landlord and Tenant regarding any condemnation shall be determined as provided in this ArticleSection 13.5, and each party hereby waives the provisions of California Code of Civil Procedure Section 1265.130 and the provisions of any similar law hereinafter enacted allowing either party to petition the Superior Court to terminate this Lease in the event of a partial taking of the Premises.
Appears in 1 contract
Samples: Lease Agreement (Palm Inc)
Division of Condemnation Award. Any award made as a result of for any condemnation taking of the Premises Property, the Building, or the Common Area Leased Premises, or any portion thereof, shall belong to and be paid to Head Landlord, and Tenant Subtenant hereby assigns to Head Landlord all of its right, title and interest in any such award; provided, however, that Tenant however Subtenant shall be entitled to that portion of any award that is related to the period after the Delivery Date and to receive any condemnation from the award that is made directly to Tenant for the following so long as the award made to Landlord is not thereby reduced: (i) any compensation for the taking of Tenant's Property Subtenant’s personal property, or Trade Fixtures belonging to Tenantloss of Subtenant’s goodwill, (ii) or for the interruption of Tenant's Subtenant’s business or its moving costs, (iii) or for loss the value of Tenant's goodwillany leasehold improvements installed and paid for by Subtenant; or (iv) for LEASE and further provided that Sublandlord shall have no right to any temporary taking where this Lease is not terminated as a result of such takingaward. The rights of Landlord Sublandlord and Tenant Subtenant regarding any condemnation shall be determined as provided in this Article, and each party hereby waives the provisions of Section 1265.130 of the California Code of Civil Procedure Section 1265.130 Procedure, and the provisions of any similar law hereinafter enacted enacted, allowing either party to petition the Superior Supreme Court to terminate this Lease Sublease and/or otherwise allocate condemnation awards between Sublandlord and Subtenant in the event of a partial taking of the Leased Premises.
Appears in 1 contract
Samples: Sublease (Juniper Networks Inc)