Common use of Taking Award Clause in Contracts

Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable by the Landlord from the taking authority pursuant to the preceding sentence.

Appears in 6 contracts

Samples: Lease Agreement (Blueprint Medicines Corp), Lease (Voyager Therapeutics, Inc.), Lease (Voyager Therapeutics, Inc.)

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Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a separate claim for relocation expenses, provided that such action shall not affect Tenant’s personal property and any amounts paid by Tenant for the amount Tenant Improvements in excess of compensation otherwise recoverable by the Landlord from the taking authority pursuant to the preceding sentenceLIA.

Appears in 2 contracts

Samples: Lease Agreement (Fulcrum Therapeutics, Inc.), Lease Agreement (Fulcrum Therapeutics, Inc.)

Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a separate claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable by the Landlord from the taking authority pursuant to the preceding sentenceexpenses and Tenant’s personal property.

Appears in 2 contracts

Samples: Lease (Agios Pharmaceuticals Inc), Lease Agreement (Beam Therapeutics Inc.)

Taking Award. Except as otherwise provided in this Section 8.78.6, the Landlord shall have and hereby reserves and acceptsexcepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for any damages to the Building and Premises and/or any other part of the LandProperty, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of any such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, subject to this Section 8.6, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, provided trade fixtures, equipment and other personal property of the Tenant that such action shall is part of a separate award to the Tenant and which does not affect diminish the amount of compensation otherwise recoverable by award payable to the Landlord from as a result of the taking authority pursuant to the preceding sentencetaking.

Appears in 2 contracts

Samples: Assignment and Assumption of Lease Agreement (Tangoe Inc), Lease Agreement (SBS Technologies Inc)

Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable expenses and improvements made by the Landlord from Tenant in the taking authority pursuant to Premises that constitute Tenant’s personal property, including the preceding sentenceRemovable Alterations.

Appears in 2 contracts

Samples: Sublease Agreement (Immunogen Inc), Sublease Agreement (Aveo Pharmaceuticals Inc)

Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and acceptsexcepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable by the Landlord from the taking authority pursuant to the preceding sentence.

Appears in 2 contracts

Samples: Lease Agreement (Praecis Pharmaceuticals Inc), Lease Agreement (Praecis Pharmaceuticals Inc)

Taking Award. Except as otherwise provided in Section 8.7, the The Landlord shall have and hereby reserves and acceptsexcepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, expenses non-permanent alterations and trade fixtures as described in Section 5.2 provided that such action shall not affect the amount of compensation otherwise recoverable by the Landlord from the taking authority pursuant to the preceding sentence.

Appears in 1 contract

Samples: Sublease (Langer Inc)

Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a separate claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable by the Landlord from the taking authority pursuant to the preceding sentenceexpenses and Xxxxxx’s personal property.

Appears in 1 contract

Samples: Lease Agreement (Agios Pharmaceuticals, Inc.)

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Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable expenses and improvements made by the Landlord from Tenant in the taking authority pursuant to Premises that constitute Tenant's personal property, including the preceding sentenceRemovable Alterations.

Appears in 1 contract

Samples: Lease (Alkermes Inc)

Taking Award. Except as otherwise provided in Section 8.7, 8.7 the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable expenses and improvements made by the Landlord from Tenant in the taking authority pursuant to Premises that constitute Tenant’s personal property, including the preceding sentenceRemovable Alterations.

Appears in 1 contract

Samples: Sublease Agreement (Aveo Pharmaceuticals Inc)

Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable expenses and improvements made by the Landlord from Tenant in the taking authority pursuant to Premises that constitute the preceding sentenceTenant's personal property, including the Removable Alterations.

Appears in 1 contract

Samples: Lease (Millennium Pharmaceuticals Inc)

Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation and moving expenses, provided that such action shall not affect the amount of compensation otherwise recoverable lost profits and revenue and fixtures and improvements made by the Landlord from Tenant in the taking authority pursuant to Premises that constitute Tenant’s personal property, including the preceding sentenceRemovable Alterations.

Appears in 1 contract

Samples: Lease (Exicure, Inc.)

Taking Award. Except as otherwise provided in Section 8.7, the Landlord shall have and hereby reserves and accepts, and the Tenant hereby grants and assigns to the Landlord, all rights to recover for damages to the Building and the Land, and the leasehold interest hereby created, and to compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, the Tenant hereby grants and assigns to the Landlord, all rights to such damages or compensation. Nothing contained herein shall be construed to prevent the Tenant from prosecuting in any condemnation proceedings a claim for relocation expenses, provided that such action shall not affect the amount of compensation otherwise recoverable expenses and improvements made by the Landlord from Tenant in the taking authority pursuant to Premises that constitute the preceding sentenceTenant’s personal property, including the Removable Alterations.

Appears in 1 contract

Samples: Sublease Agreement (Aveo Pharmaceuticals Inc)

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