Common use of Right to Participate in Settlement Clause in Contracts

Right to Participate in Settlement. Lessor and Lessee shall both have the right to participate in the negotiation, settlement or compromise of any insurance claims and in all Awards, except to the extent otherwise provided in Section 17.4(d) with respect to temporary Appropriation Awards. Lessee shall have the sole right to negotiate, settle and compromise any Award for a temporary Appropriation (so long as the temporary Appropriation is not deemed a Total Appropriation pursuant to Section 17.4(d)).

Appears in 2 contracts

Samples: Ground Lease (Equinix Inc), Ground Lease (Equinix Inc)

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Right to Participate in Settlement. Lessor and Lessee shall both have the right to participate in the negotiation, settlement or compromise of any insurance claims and in all Awards, except to the extent otherwise provided in Section 17.4(d) with respect to temporary Appropriation Awards. Lessee shall have the sole right to negotiate, settle and compromise any Award for a temporary Appropriation (subject to the provisions of Section 17.5(c), and otherwise so long as the temporary Appropriation is not deemed a Total Appropriation pursuant to Section 17.4(d)).

Appears in 2 contracts

Samples: Ground Lease (Morgans Hotel Group Co.), Ground Lease (Morgans Hotel Group Co.)

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