Common use of Lessee Awards and Payments Clause in Contracts

Lessee Awards and Payments. Notwithstanding any provision contained in this Article XI, Xxxxxx shall be entitled to claim and receive any award or payment from the condemning authority expressly granted for the taking of any personal property owned by Xxxxxx, any insurance proceeds with respect to any personal property owned by Xxxxxx, the interruption of its business and moving expenses (subject, however, to the provisions of Section 6.03(a)(iv) above), but only if such claim or award does not adversely affect or interfere with the prosecution of Lessor’s claim for the Condemnation or Casualty, or otherwise reduce the amount recoverable by Lessor for the Condemnation or Casualty. ARTICLE XII DEFAULT, CONDITIONAL LIMITATIONS,

Appears in 2 contracts

Samples: Master Lease Agreement (Local Bounti Corporation/De), Master Lease Agreement (Ampco Pittsburgh Corp)

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Lessee Awards and Payments. Notwithstanding any provision contained in this Article XIX, Xxxxxx Lxxxxx shall be entitled to claim and receive any award or payment from the condemning authority expressly granted for the taking of any personal property owned by XxxxxxLxxxxx, any insurance proceeds with respect to any personal property owned by XxxxxxLxxxxx, the interruption of its business and moving expenses (subject, however, to the provisions of Section 6.03(a)(iv5.03(a)(iv) above), but only if such claim or award does not adversely affect or interfere with the prosecution of Lessor’s claim for the Condemnation or Casualty, or otherwise reduce the amount recoverable by Lessor for the Condemnation or Casualty. ARTICLE XII DEFAULT, CONDITIONAL LIMITATIONS,.

Appears in 1 contract

Samples: Master Lease Agreement (Societal CDMO, Inc.)

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Lessee Awards and Payments. Notwithstanding any provision contained in this Article XIX, Xxxxxx shall be entitled to claim and receive any award or payment from the condemning authority expressly granted for the taking of any personal property owned by Xxxxxx, any insurance proceeds with respect to any personal property owned by Xxxxxx, the interruption of its business and moving expenses (subject, however, to the provisions of Section 6.03(a)(iv5.03(a)(iv) above), but only if such claim or award does not adversely affect or interfere with the prosecution of Lessor’s claim for the Condemnation or Casualty, or otherwise reduce the amount recoverable by Lessor for the Condemnation or Casualty. ARTICLE XII DEFAULTArticle XI Default, CONDITIONAL LIMITATIONSConditional Limitations,

Appears in 1 contract

Samples: Master Lease Agreement (Societal CDMO, Inc.)

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