Insubstantial Condemnation. If an Insubstantial Condemnation occurs during the Term then any Condemnation Award(s) shall be paid to Tenant and applied first toward Restoration, in the same manner as Restoration after Casualty, provided that if the Condemnation Award is inadequate to complete the Restoration, Tenant shall contribute the deficiency and Tenant shall Restore in compliance with this Lease. After Tenant has completed and fully paid for Restoration, any remaining Condemnation Award shall be distributed to Landlord and Tenant as if it arose from a Substantial Condemnation that affected only the part of the Premises taken, with an equitable allocation of all elements taken into account in determining such distribution. After the Condemnation Effective Date, all Fixed Rent shall decrease by a fraction whose numerator is the amount of the Condemnation Award paid to Landlord and whose denominator is the Market Value of the Fee Estate immediately before the Condemnation Effective Date.
Insubstantial Condemnation. If an Insubstantial Condemnation occurs, then (subject to the rights of Leasehold Mortgagees and Subleasehold Mortgagees) any Condemnation Award shall be paid to Depository to be applied first for Restoration in the same manner as Property Insurance Proceeds. Tenant or those claiming under Tenant shall Restore in the same manner as Restoration upon Casualty. Any Condemnation Award remaining after Restoration shall be allocated among Landlord, Tenant, and those claiming through Tenant in accordance with applicable Florida law.
Insubstantial Condemnation. If an Insubstantial Condemnation shall occur, then any condemnation award or awards shall be applied first to repair, restoration or reconstruction of any remaining part of the improvements not so taken. Tenant shall perform such repair, restoration or reconstruction in accordance with applicable requirements of this Lease. The balance of any such award or awards remaining after the repair, restoration or reconstruction shall be distributed to Landlord and Tenant as if they were proceeds of a Substantial Condemnation affecting only the portion of the Premises taken.
Insubstantial Condemnation. The term "Insubstantial Condemnation" means any Condemnation other than a Substantial Condemnation or a Temporary Condemnation.
Insubstantial Condemnation. 10 K knowledge..........................................10
Insubstantial Condemnation. If an Insubstantial Condemnation shall occur, then any award or awards shall be applied first to repair, restoration or reconstruction of any remaining part of the improvements not so taken. Franchisee shall perform such repair, restoration or reconstruction in accordance with applicable requirements of this Agreement. The balance of any such award or awards remaining after the repair, restoration or reconstruction proceeds of a Substantial Condemnation affecting only the portion of the Premises take.
Insubstantial Condemnation. An "INSUBSTANTIAL CONDEMNATION" shall mean any Condemnation except: (1) a Substantial Condemnation or (2) a Temporary Condemnation.
Insubstantial Condemnation. If an Insubstantial Condemnation occurs after the Commencement Date, then any Condemnation Award(s) shall be paid to Depository and applied first toward Restoration, in the same manner as Restoration after Casualty. Whether or not the Condemnation Award is adequate, Tenant shall, at its expense, Restore in compliance with this Lease. After Tenant has completed and fully paid for Restoration, any remaining Condemnation Award shall be distributed to Landlord and Tenant as if it arose from a Substantial Condemnation that affected only the portion of the Premises taken, with an equitable allocation of all elements taken into account in determining such distribution.
Insubstantial Condemnation. If an Insubstantial Condemnation shall occur, then any award or awards shall be applied in accordance with the provisions of the Joint Venture Agreement and after dissolution of the Partnership or the Partnership no longer is the Tenant first to reconfiguration and reconstruction of any remaining part of the improvements not so taken. Tenant shall perform such repair, restoration or reconstruction in accordance with applicable requirements of this Lease. The balance of any such award or awards remaining after the repair, restoration or reconstruction shall be distributed to Landlord and Tenant as if they were proceeds of a Substantial Condemnation affecting only the portion of the Premises taken.
Insubstantial Condemnation. If an Insubstantial Condemnation shall occur, then Landlord shall be entitled to receive any award or awards and any such award or awards shall be applied first to repair, restoration or reconstruction of any remaining part of the improvements not so taken. Landlord shall perform such repair, restoration or reconstruction in accordance with applicable requirements of this Lease, provided that if the award or awards received by Landlord are insufficient, Landlord's obligations hereunder shall be limited to such repair, restoration or reconstruction as Landlord reasonably determines, taking into account the award or awards received by Landlord, any additional funds made available by Tenant for this purpose and any additional funds which Landlord shall in its sole determination agree to make available for this purpose. The balance of any such award or awards remaining after the repair, restoration or reconstruction shall be the sole property of Landlord. 16.3
