Common use of RESERVATION OF AWARD Clause in Contracts

RESERVATION OF AWARD. Landlord reserves to itself any and all rights to receive awards made for damages to the Premises or Lot and the leasehold hereby created, or any one or more of them, accruing by reason of exercise of eminent domain or by reason of anything lawfully done in pursuance of public or other authority. Tenant hereby releases and assigns to Landlord all Tenant's rights to such awards, and covenants to deliver such further assignments and assurances thereof as Landlord may from time to time request. It is agreed and understood, however, that Landlord does not reserve to itself, and Tenant does not assign to Landlord, any damages payable for (i) movable trade fixtures installed by Tenant or anybody claiming under Tenant, at its own expense, or (ii) relocation expenses recoverable by Tenant from such authority in a separate action, or (iii) the value of Tenant's improvements installed in the Premises by or on behalf of Tenant, but not by Landlord.

Appears in 2 contracts

Samples: Lease Agreement (Unisphere Solutions Inc), Lease Agreement (Unisphere Networks Inc)

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RESERVATION OF AWARD. Landlord reserves to itself any and all rights to receive awards made for damages to the Premises or Lot and the leasehold hereby created, or any one or more of them, accruing by reason of exercise of eminent domain or by reason of anything lawfully done in pursuance of public or other authority. Tenant hereby releases and assigns to Landlord all Tenant's rights to such awards, and covenants to deliver such further assignments and assurances thereof as Landlord may from time to time request. It is agreed and understood, however, that Landlord does not reserve to itself, and Tenant does not assign to Landlord, any damages payable for (i) movable trade fixtures fixtures, other Tenant Improvements, installed by Tenant or anybody claiming under Tenant, at its own expense, inventory losses, and other tenant damages awarded in connection with any taking by eminent domain or (ii) relocation expenses recoverable by Tenant from such authority in a separate action, or (iii) the value of Tenant's improvements installed in the Premises by or on behalf of Tenant, but not by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Nexx Systems Inc)

RESERVATION OF AWARD. Landlord reserves to itself any and all rights to receive awards made for damages to the Premises or Lot and the leasehold hereby created, or any one or more of them, accruing by reason of exercise of eminent domain or by reason of anything lawfully done in pursuance of public or other authority. Tenant hereby releases and assigns to Landlord all Tenant's ’s rights to such awards, and covenants to deliver such further assignments and assurances thereof as Landlord may from time to time request. It is agreed and understood, however, that Landlord does not reserve to itself, and Tenant does not assign to Landlord, any damages payable for (i) movable trade fixtures installed by Tenant or anybody claiming under Tenant, at its own expense, or (ii) relocation expenses recoverable by Tenant from such authority in a separate action, or (iii) the value of Tenant's ’s improvements installed in the Premises by or on behalf of Tenant, but except with respect to Tenant’s Work, not by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Green Mountain Coffee Roasters Inc)

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RESERVATION OF AWARD. Landlord reserves to itself any and all rights to receive awards made for damages to the Premises Premises, Building or Lot and the leasehold hereby created, or any one or more of them, accruing by reason of exercise of eminent domain or by reason of anything lawfully done in pursuance of public or other authority. Tenant hereby releases and assigns to Landlord all Tenant's ’s rights to such awards, and covenants to deliver such further assignments and assurances thereof as Landlord may from time to time request. It is agreed and understood, however, that Landlord does not reserve to itself, and Tenant does not assign to Landlord, Landlord and the parties agree that Tenant may pursue any damages payable for (i) movable trade fixtures installed by Tenant or anybody claiming under TenantTenant (which are not the property of Landlord as provided in this Lease), at its own expense, or (ii) relocation expenses recoverable by Tenant from such authority in a separate action, or (iii) the value of Tenant's improvements installed in the Premises by or on behalf of Tenant, but not by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Sonus Networks Inc)

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