Common use of Eminent Domain, Loss by Casualty Clause in Contracts

Eminent Domain, Loss by Casualty. In the event of any taking by eminent domain, Subtenant shall not be entitled to any portion of any award payable to the "Tenant” under Section 13 of the Master Lease and the Master Landlord shall be entitled to any award payable to the "Landlord" thereunder. Otherwise, all matters relating to eminent domain with respect to the Subleased Premises shall be governed by Section 13 of the Master Lease. In the event of any casualty, the provisions of Section 12 of the Master Lease shall control; provided, that Sublandlord shall not without the written consent of Subtenant exercise any right to terminate the Master Lease either in its capacity as the "Tenant" thereunder or the "Sublandlord" hereunder, and Sublandlord shall have no restoration obligations thereunder.

Appears in 2 contracts

Samples: Agreement of Sub Sublease (ArcherDX, Inc.), Agreement of Sub Sublease (ArcherDX, Inc.)

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Eminent Domain, Loss by Casualty. In the event of any taking by eminent domain, Subtenant shall not be entitled to any portion of any award payable to the "Tenant” under Section 13 of the Master Lease and the Master Landlord shall be entitled to any award payable to the "Landlord" thereunder. Otherwise, all matters relating to eminent domain with respect to the Subleased Premises shall be governed by Section 13 of the Master Lease. In the event of any casualty, the provisions of Section 12 of the Master Lease shall control; provided, that Sublandlord shall not without the written consent of Subtenant exercise any right to terminate the Master Lease either in its capacity as the "Tenant" thereunder or the "Sublandlord" hereunder, and Sublandlord shall have no restoration obligations thereunder.

Appears in 2 contracts

Samples: Agreement of Sub Sublease (ArcherDX, Inc.), Agreement of Sub Sublease (ArcherDX, Inc.)

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