Common use of Tenant's Damages Clause in Contracts

Tenant's Damages. Although all damages in the event of any condemnation are to belong to the Landlord whether such damages are awarded as compensation for diminution in value of the Leasehold or the fee of the Leased Premises, Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant's own right on account of any damage to Tenant's business by reason of the condemnation and for or on account of any cost or loss to which Tenant might be put in removing Tenant's merchandise, furniture, fixtures, leasehold improvements and equipment, provided no such claim shall diminish or otherwise adversely affect Landlord's award. Each party agrees to execute and deliver to the other all instruments that may be required to effectuate the provisions of Section 16.03 and this Section 16.04.

Appears in 4 contracts

Samples: Lease Agreement (Mackenzie Investment Management Inc), Shopping Center Lease (Etravelserve Com Inc), Shopping Center Lease (Etravelserve Com Inc)

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Tenant's Damages. Although all damages in the event of any condemnation are to belong to the Landlord Landlord, whether such damages are awarded as compensation for diminution in value of the Leasehold or the fee of the Leased Premises, Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant's own right on account of any damage to Tenant's business by reason of the condemnation and for or on account of any cost or loss to which Tenant might be put in removing Tenant's merchandise, furniture, fixtures, leasehold improvements and equipment, provided no such claim shall diminish or otherwise adversely affect Landlord's award. Each party agrees to execute and deliver to the other all instruments that may be required to effectuate the provisions of Section 16.03 16.3 and this Section 16.0416.4.

Appears in 3 contracts

Samples: Lease (Galacticomm Technologies Inc), Lease (Geerlings & Wade Inc), Lease (Andrx Corp)

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Tenant's Damages. Although all damages in the event of any condemnation are to belong to the Landlord Landlord, whether such damages are awarded as compensation for diminution in value of the Leasehold or the fee of the Leased Premises, Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant's ’s own right on account of any damage to Tenant's ’s business by reason of the condemnation and for or on account of any cost or loss to which Tenant might be put in removing Tenant's ’s merchandise, furniture, fixtures, leasehold improvements and equipment, provided no such claim shall diminish or otherwise adversely affect Landlord's ’s award. Each party agrees to execute and deliver to the other all instruments that may be required to effectuate the provisions of Section 16.03 16.3 and this Section 16.0416.4.

Appears in 1 contract

Samples: Lease Agreement (Transcat Inc)

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