Common use of Tenant's Right to Compensation Clause in Contracts

Tenant's Right to Compensation. Despite subsection 16.5.1, Tenant shall have the right to make a separate claim in the Condemnation proceeding, as long as the Award payable to Landlord is not reduced thereby, for: (a) The taking of the unamortized or undepreciated value of any leasehold improvements owned by Tenant that Tenant has the right to remove at the end of the Lease Term and that Tenant elects not to remove; (b) Reasonable removal and relocation costs for any leasehold improvements that Tenant has the right to remove and elects to remove (if Condemnor approves of the removal); and (c) Relocation costs under Government Code section 7262, the claim for which Tenant may pursue by separate action independent of this Lease.

Appears in 2 contracts

Samples: Lease (Spectranetics Corp), Office Lease (Quokka Sports Inc)

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Tenant's Right to Compensation. Despite subsection 16.5.1Notwithstanding the foregoing, Tenant shall have the right to make a separate claim in the Condemnation proceeding, as long as the Award payable to Landlord is not reduced thereby, for: : (a) The the taking of the unamortized or undepreciated under appreciated value of any leasehold improvements owned by Tenant that Tenant has the right to remove at the end of the Lease Term and that Tenant elects not to remove; ; (b) Reasonable reasonable removal and relocation costs for any leasehold improvements that Tenant has the right to remove and elects to remove (if Condemnor approves of the removal); and and (c) Relocation relocation costs under Government Code section Section 7262, the claim for which Tenant may pursue by separate action independent of this Lease.

Appears in 2 contracts

Samples: Sublease (Zogenix Inc), Office Lease (Collateral Therapeutics Inc)

Tenant's Right to Compensation. Despite subsection Despite 16.5.1, . Tenant shall have the right to make a separate claim in the Condemnation proceeding, as long as the Award payable to Landlord is not reduced thereby, for:reduced (a) The the taking of the unamortized or undepreciated under appreciated value of any leasehold improvements owned by Tenant that Tenant has the right to remove at the end of the Lease Term and that Tenant elects not to remove; ; (b) Reasonable reasonable removal and relocation costs for any leasehold improvements that Tenant has the right to remove and elects to remove (if Condemnor approves of the removal); and and (c) Relocation relocation costs under Government Code section Section 7262, the claim for which Tenant may pursue by separate action independent of this Lease.

Appears in 1 contract

Samples: Office Lease (Cayenta Inc)

Tenant's Right to Compensation. Despite subsection 16.5.115.5.1, Tenant shall have the right to make a separate claim in the Condemnation proceeding, as long as the Award payable to Landlord is not reduced thereby, for: (a) The taking of the unamortized or undepreciated value of any leasehold improvements owned by Tenant that Tenant has the right to remove at the end of the Lease Term and that Tenant elects not to remove; ; (b) Reasonable removal and relocation costs for any leasehold improvements that Tenant has the right to remove and elects to remove (if Condemnor approves of the removal); and and (c) Relocation costs under Government Code section 7262, the claim for which Tenant may pursue by separate action independent of this Lease.

Appears in 1 contract

Samples: Office Lease (Inpixon)

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Tenant's Right to Compensation. Despite subsection Subsection 16.5.1, Tenant shall have the right to make a separate claim in the Condemnation proceeding, as long as the Award payable to Landlord is not reduced thereby, for: : (a) The the taking of the unamortized or undepreciated under appreciated value of any leasehold improvements owned by Tenant that Tenant has the right to remove at the end of the Lease Term and that Tenant elects not to remove; ; (b) Reasonable reasonable removal and relocation costs for any leasehold improvements that Tenant has the right to remove and elects to remove (if Condemnor approves of the removal); and and (c) Relocation relocation costs under Government Code section Section 7262, the claim for which Tenant may pursue by separate action independent of this Lease.

Appears in 1 contract

Samples: Office Lease (Acc Consumer Finance Corp)

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