Common use of Ownership of Award Clause in Contracts

Ownership of Award. As between Landlord and Tenant, all compensation, awards, and damages for any Condemnation of all of any part of the Premises, including without limitation all awards and damages as compensation for diminution in value of the leasehold, reversion and fee of the Premises, and Tenant Improvements, shall belong to Landlord without any deduction therefrom for any present or future estate of Tenant, and Tenant hereby assigns to Landlord all its right, title, and interest to any such award. Although all damages in the event of any Condemnation are to belong to Landlord, whether such damages are awarded as compensation for diminution in value of the leasehold, reversion, or fee of the Premises, or Tenant Improvements, Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant’s own right on account of any and all damage to Tenant’s business by reason of the Condemnation and for or on account of any cost or loss which Tenant might incur in removing Tenant’s merchandise, furniture, and fixtures, provided that the effect of such award is not to reduce the award otherwise payable to Landlord.

Ownership of Award. As between Landlord and Tenant, all compensation, awards, and damages for any Condemnation condemnation of all of or any part of the PremisesBuilding, including without limitation including, but not limited to, all awards and damages as compensation for diminution in value of the leasehold, reversion and fee of the Premisesfee, and Tenant ImprovementsTenant’s leasehold improvements, shall belong to Landlord without any deduction therefrom for any present or future estate of the Tenant, and Tenant hereby assigns to Landlord all its right, title, title and interest to any such award. Although all damages in the event of any Condemnation condemnation are to belong to Landlord, whether such damages are awarded as compensation for diminution in value of the leasehold, reversion, reversion or fee of the Premises, or Tenant ImprovementsTenant’s leasehold improvements, Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant’s own right on account of any and all damage to Tenant’s business by reason of the Condemnation condemnation and for or on account of any cost or loss which Tenant might incur in removing Tenant’s merchandise, furniture, furniture and fixtures, provided that the effect of such award is not to reduce the award or otherwise payable to Landlordin connection with Tenant’s improvements as may be afforded Tenant under New Jersey law.

Ownership of Award. As between Landlord and Tenant, all compensation, awards, and damages for any Condemnation condemnation of all of or any part of the PremisesBuilding, including without limitation including, but not limited to, all awards and damages as compensation for diminution in value of the leasehold, reversion and fee of the Premisesfee, and Tenant ImprovementsTenant's leasehold improvements, shall belong to the Landlord without any deduction therefrom for any present or future estate of the Tenant, and Tenant hereby assigns to Landlord all its right, title, title and interest to any such award. Although all damages in the event of any Condemnation condemnation are to belong to the Landlord, whether such damages are awarded as compensation for diminution in value of the leasehold, reversion, reversing or fee of the Premises, or Tenant ImprovementsTenant's leasehold, reversion or fee of the Premises, or Tenant's leasehold improvements, Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant’s 's own right on account of any and all damage to Tenant’s 's business by reason of the Condemnation condemnation and for or on account of any cost or loss which Tenant might incur in removing Tenant’s 's merchandise, furniture, furniture and fixtures, provided that the effect of such award is not to reduce the award otherwise payable to Landlord.