Right to Award. The total award, compensation, damages or consideration received or receivable as a result of a Taking (“Award”) shall be paid to and be the property of Landlord, including, without limitation, any part of the Award made as compensation for diminution of the value of this leasehold or the fee of the Demised Premises. Tenant hereby assigns to Landlord, all of Tenant’s right, title and interest in and to any such Award. Tenant covenants and agrees to execute, immediately upon demand by Landlord, such documents as may be necessary to facilitate collection by Landlord of any such Award. Notwithstanding Landlord’s right to the entire Award, Tenant shall be entitled to a separate award, if any, for the loss of Tenant’s personal property, the loss of Tenant’s business and profits, and Tenant’s moving expenses.
Appears in 2 contracts
Samples: Lease Agreement (Solera National Bancorp, Inc.), Lease Agreement (Solera National Bancorp, Inc.)
Right to Award. The total award, compensation, damages or consideration received or receivable as a result of a Taking (“Award”) shall be paid to and be the property of Landlord, including, without limitation, any part of the Award made as compensation for diminution of the value of this the leasehold or the fee of the Demised Premises. Tenant hereby assigns to Landlord, all of Tenant’s right, title and interest in and to any such Award. Tenant covenants and agrees to execute, immediately upon demand by Landlord, such documents as may be necessary to facilitate collection by Landlord of any such Award. Notwithstanding Landlord’s right to the entire Award, Tenant shall be entitled to a any separate award, if any, for the loss of TenantXxxxxx’s personal property, Tenant’s relocation expenses, or the loss of TenantXxxxxx’s business and profits, and Tenant’s moving expenses.
Appears in 2 contracts
Samples: Lease (Insmed Inc), Lease (Insmed Inc)
Right to Award. The total award, compensation, damages or consideration received or receivable as a result of a Taking (“Award”) shall be paid to and be the property of Landlord, including, without limitation, any part of the Award made as compensation for diminution of the value of this the leasehold or the fee of the Demised Premises. Tenant hereby assigns to Landlord, Landlord all of Tenant’s right, title and interest in and to any such Award. Tenant covenants and agrees to execute, immediately upon demand by Landlord, such documents as may be necessary to facilitate collection by Landlord of any such Award. Notwithstanding Landlord’s right to the entire Award, Tenant shall be entitled to a any separate award, if any, for the loss of TenantTxxxxx’s personal property, property or the loss of Tenant’s business and profits, and profits and/or Tenant’s moving expensesrelocation costs.
Appears in 1 contract
Right to Award. The total award, compensation, damages or consideration received or receivable as a result of a Taking (“"Award”") shall be paid to and be the property of Landlord, including, without limitation, any part of the Award made as compensation for diminution of the value of this the leasehold or the fee of the Demised Premises. Tenant hereby assigns to Landlord, all of Tenant’s 's right, title and interest in and to any such Award. Tenant covenants and agrees to execute, immediately upon demand by Landlord, such documents as may be necessary to facilitate collection by Landlord of any such Award. Notwithstanding Landlord’s 's right to the entire Award, Tenant shall be entitled to a any separate award, if any, for the loss of Tenant’s 's personal property, property or the loss of Tenant’s 's business and profits, and Tenant’s moving expenses.
Appears in 1 contract
Samples: Lease (Spectralink Corp)