Common use of Lease Not Terminated Clause in Contracts

Lease Not Terminated. In the event of a condemnation of any portion of the Premises and if this Lease is not terminated, the award paid by the condemning authority (after payment of expenses incurred in connection with collecting the same) shall be allocated as follows: (i) First, Tenant shall receive so much of the award as is necessary to restore the Improvements and for the value of the Improvements taken; and (ii) Second, Landlord shall receive the balance of the award.