Common use of Tenant's Award Clause in Contracts

Tenant's Award. Subject to the rights of Landlord's lenders, termination of this Lease because of condemnation shall be without prejudice to the rights of either Landlord or Tenant to recover from the condemning authority compensation and damages for the injury and loss sustained by them as a result of the taking, and Tenant shall have the right to make a claim against the condemning authority for the unamortized value of Tenant's leasehold improvements; interruption or dislocation of business in the Premises; loss of good will and for moving and remodeling expenses. Tenant shall not have the right to make a claim for diminution in value of Tenant's leasehold estate. If this Lease is terminated as a result of a condemnation, Tenant shall, subject to the rights of Landlord's lenders, make a separate claim to the condemning authority for the above-mentioned items. If the condemning authority refuses to allocate the award between Landlord's and Tenant's claims for damages and instead grants a single, lump sum award to Landlord, Landlord and Tenant shall use reasonable, good-faith efforts to determine that portion of the award which is attributable to Tenant's leasehold improvements (but only the extent such leasehold improvements were paid for by Tenant).

Appears in 3 contracts

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

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Tenant's Award. Subject to the rights of Landlord's lenders, termination of this Lease because of condemnation shall be without prejudice to the rights of either Landlord or Tenant to recover from the condemning authority compensation and damages for the injury and loss sustained by them as a result of the taking, and Tenant shall have the right to make a claim against the condemning authority for of the unamortized value of Tenant's leasehold improvements; interruption or dislocation of business in the Premises; loss of good will and for moving and remodeling expenses. Tenant shall not have the right to make a claim for diminution in value of Tenant's leasehold estate. If this Lease is terminated as a result of a condemnation, Tenant shall, subject to the rights of Landlord's lenders, make a separate claim to the condemning authority for the above-mentioned items. If the condemning authority refuses to allocate the award between Landlord's and Tenant's claims for damages and instead grants a single, lump sum award to Landlord, Landlord and Tenant shall use reasonable, good-faith efforts to determine that portion of the award which is attributable to Tenant's leasehold improvements (but only the extent such leasehold improvements were paid for by Tenant).

Appears in 1 contract

Samples: Lease Agreement (Firepond Inc)

Tenant's Award. Subject to the rights of Landlord's lenders, termination of this Lease because of condemnation shall be without prejudice to the rights of either Landlord or Tenant to recover from the condemning authority compensation and damages for the injury and loss sustained by them as a result of the taking, and Tenant shall have the right to make a claim against the condemning authority for the unamortized value of Tenant's leasehold improvements; interruption or dislocation of business in the Premises; loss of good will and for moving and remodeling expenses. Tenant shall not have the right to make a claim for diminution in value of Tenant's leasehold estate. If this Lease is terminated as a result of a condemnation, Tenant shall, subject to the rights of Landlord's lenders, make a separate claim to the condemning authority for the above-above- mentioned items. If the condemning authority refuses to allocate the award between Landlord's and Tenant's claims for damages and instead grants a single, lump sum award to Landlord, Landlord and Tenant shall use reasonable, good-faith efforts to determine that portion of the award which is attributable to Tenant's leasehold improvements (but only the extent such leasehold improvements were paid for by Tenant).

Appears in 1 contract

Samples: Lease Agreement (Lasermaster Technologies Inc)

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Tenant's Award. Subject to the rights of Landlord's ’s lenders, termination of this Lease because of condemnation shall be without prejudice to the rights of either Landlord or Tenant to recover from the condemning authority compensation and damages for the injury and loss sustained by them as a result of the taking, and Tenant shall have the right to make a claim against the condemning authority for the unamortized value of Tenant's ’s leasehold improvements; interruption or dislocation of business in the Premises; loss of good will and for moving and remodeling expenses. Tenant shall not have the right to make a claim for diminution in value of Tenant's ’s leasehold estate. If this Lease is terminated as a result of a condemnation, Tenant shall, subject to the rights of Landlord's ’s lenders, make a separate claim to the condemning authority for the above-mentioned items. If the condemning authority refuses to allocate the award between Landlord's ’s and Tenant's ’s claims for damages and instead grants a single, lump sum award to Landlord, Landlord and Tenant shall use reasonable, good-faith efforts to determine that portion of the award which is attributable to Tenant's ’s leasehold improvements (but only the extent such leasehold improvements were paid for by Tenant).

Appears in 1 contract

Samples: Lease Agreement (Digitiliti Inc)

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