Right to Award on Substantial Taking. If title to the whole or materially all of the Premises shall be taken, the rights of the Port and Tenant to share in the net proceeds of any award for the respective Property and Project, and the damages upon the taking, shall be in the following order of priority:
Appears in 5 contracts
Samples: Ground Lease Agreement, Ground Lease Agreement, Ground Lease Agreement
Right to Award on Substantial Taking. If title to the whole or materially all of the Premises shall be taken, the rights of the Port and Tenant to share in the net proceeds of any award for the respective Property and Project, and the damages upon the taking, shall be in the following order of priority; provided, however, the following order of priority shall not apply in the event that either party exercises the power of eminent domain against the other party:
Appears in 1 contract
Samples: Ground Lease Agreement
