Common use of Right to Condemnation Award Clause in Contracts

Right to Condemnation Award. Landlord shall be entitled to receive and retain the entire condemnation award for the taking of the Building and Premises. Tenant shall have no right or claim against Landlord for any part of any award received by Landlord for the taking. Tenant shall have no right or claim for any alleged value of the unexpired portion of this Lease or its leasehold estate. Tenant, however, shall not be prevented from making a claim against the condemning party (but not against Landlord) for any moving expenses or for costs of removal, relocation, business interruption expense, loss of profits, or taking of Tenant’s personal property (other than its leasehold estate) to which Tenant may be entitled; provided that any such award shall not reduce the amount of the award otherwise payable to Landlord for the taking of the Building and Premises.

Appears in 3 contracts

Samples: Office Lease (Medquist Inc), Office Lease (CBaySystems Holdings LTD), Office Lease (CBaySystems Holdings LTD)

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Right to Condemnation Award. Landlord shall be entitled to receive and retain the entire condemnation award for the taking of the Building and and/or the Premises. Tenant shall have no not right or claim against Landlord for any part of any award received by Landlord for the taking. Tenant shall have no right or claim for any alleged value of the unexpired portion of this Lease Lease, or its leasehold estate, of for costs of removal, relocation, business interruption expense or any other damage arising out of such taking. Tenant, however, shall not be prevented from making may make a claim against the condemning party authority (but not against Landlord) for any moving expenses or for costs of removal, relocation, business interruption expense, loss of profits, or taking of Tenant’s personal property (other than its leasehold estate) to which Tenant may be entitled; provided that any such award shall not reduce the amount of the award otherwise payable to Landlord for the taking of the Building and Premises.

Appears in 2 contracts

Samples: Lease Agreement (Chimerix Inc), Lease Agreement (Chimerix Inc)

Right to Condemnation Award. Landlord shall be entitled to receive and retain the entire condemnation award for the taking of the Building and Premises. Tenant shall have no right or claim against Landlord for any part of any award received by Landlord for the taking. Tenant shall have no right or claim for any alleged value of the unexpired portion of this Lease or its leasehold estate. Tenant, however, shall not be prevented from making a claim against the condemning party (but not against Landlord) for any moving expenses or for costs of removal, relocation, business interruption expense, loss of profits, or taking of Tenant’s 's personal property (other than its leasehold estate) to which Tenant may be entitled; provided that any such award shall not reduce the amount of the award otherwise payable to Landlord for the taking of the Building and Premises.

Appears in 1 contract

Samples: Office Lease (Spheris Inc.)

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Right to Condemnation Award. Landlord shall be entitled to receive and retain the entire condemnation award for the taking of the Building and Premises. Tenant shall have no right or claim against Landlord for any part of any award received by Landlord for the taking. Tenant shall have no right or to make a claim for any alleged value of the unexpired portion of this Lease Lease, or its leasehold estate, or for costs of removal, relocation, business interruption expense or any other damages arising out of such taking. Tenant, however, shall not be prevented from making Tenant may assert a claim against the condemning party (but not against LandlordLandlord ) for any moving expenses or for costs of removal, relocation, business interruption expenseexpenses, loss of profits, or taking of Tenant’s personal property (other than its leasehold estate) to which Tenant may be entitled; provided that any such award shall not reduce the amount of the award otherwise payable to Landlord for the taking of the Building and Premises.

Appears in 1 contract

Samples: Office Lease (Syniverse Technologies Inc)

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