Payment of Taking Proceeds. If not already paid to Landlord or Landlord’s Lender as required by Section 16.3(b), above, upon completion of the Repairs of the Leased Property damaged as a result of a Taking, Tenant shall pay to Landlord the amount by which such Taking Proceeds exceed the cost of Repairs to the Leased Property by Tenant.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Energy XXI LTD), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Lease Agreement (CorEnergy Infrastructure Trust, Inc.)
Payment of Taking Proceeds. If not already paid to Landlord or Landlord’s Lender as required by Section 16.3(b16.3(b ), above, upon completion of the Repairs of the Leased Property damaged as a result of a Taking, Tenant shall pay to Landlord the amount by which such Taking Proceeds exceed the cost of Repairs to the Leased Property by Tenant.
Appears in 1 contract
Samples: Lease Agreement (Energy XXI LTD)
