Amount received by Landlord means that part of the award in condemnation which is free and clear to Landlord of any collection by mortgage lenders for the value of the diminished fee.
Amount received by Landlord means that part of the award in condemnation which is free and clear to Landlord of any collection by mortgagees and after payment of all costs involved in collection, including but not limited to attorney's fees. Tenant, at is own cost and expense shall, restore all exterior signs, trade fixtures, equipment, furniture, furnishings and other installations of personalty of Tenant which are not taken to as near its former condition as the circumstances will permit. In the event of a partial taking, all provisions of this Lease shall remain in full force and effect.
Amount received by Landlord means that part of the award in condemnation which is free and clear to Landlord of any collection by mortgagee for the value of the diminished fee. If more than twenty percent (20%) of the floor area of the Building in which the Premises are located shall be taken as aforesaid, Landlord may, by written notice to Tenant, terminate this Lease, such termination to be effective as aforesaid. If this Lease is terminated as provided in this paragraph, the Rent shall be paid up to the date that possession is so taken by public authority and Landlord shall make an equitable refund of any Rent paid by Tenant in advance. Tenant shall not be entitled to and expressly waives all claim to any condemnation award for any taking, whether whole or partial, and whether for diminution in value of the leasehold or to the fee although Tenant shall have the right, to the extent that the same shall not reduce Landlord's award, to claim from the condemnor, but not from Landlord, such compensation as may be recoverable by Tenant in its own right for damage to Tenant's business, fixtures and improvements installed by Tenant at its expense.
Examples of Amount received by Landlord in a sentence
Amount received by Landlord shall mean that part of the award which is free and clear to Landlord of any collection by mortgage lenders for the value of the diminished fee.
In the event the City of Brooklyn Park is unable or unwilling to deliver the Payment Amounts directly to Tenant, Landlord hereby covenants that, within seven (7) Business Days after receipt of each of the Payment Amounts in collected funds, Landlord shall make a payment to Tenant equal to the Payment Amount received by Landlord.
More Definitions of Amount received by Landlord
Amount received by Landlord means that part of the award in condemnation which is free and clear to Landlord of any collection by Mortgagees and after payment of all costs involved in collection, including but not limited to attorney’s fees. Tenant, at its own cost and expense shall, restore its exterior signs (excluding the signage provided by Landlord under Section 7.7 above), trade fixtures, equipment, furniture, furnishings and other installations of personalty of Tenant which are not taken to as near its former condition as the circumstances will permit. In the event of a partial taking, all provisions of this Lease shall remain in full force and effect.
Amount received by Landlord means that part of the award in condemnation which is free and clear to Landlord of any collection by mortgagees, for the value of the diminished fee. If more that thirty percent (25%) of the floor area of the Leased Premises in which the demised premises are located shall be taken as aforesaid, Landlord or Tenant may, be written notice to the other, terminate this lease, such termination to be effective as aforesaid.
Amount received by Landlord means that part of the award in condemnation which is free and clear to Landlord of any collection by mortgages for the value of the diminished fee. If more than twenty (20%) percent of the floor area of the building in which the Demised Premises are located shall be taken as aforesaid, either Tenant or Landlord may, by written notice to the other party, terminate this Lease, such termination to be effective as aforesaid. If this Lease is terminated as provided in this paragraph, the rent shall be paid up to the day of title vesting in such public authority and Landlord shall make an equitable refund of any rent paid by Tenant in advance. Tenant shall have the right to claim from condemnor but not from Landlord such compensation as may be recoverable by Tenant in its own right for diminution in value of its Leasehold interest and for damage to Tenant’s business, fixtures and improvements installed by Tenant at its own expense.
Amount received by Landlord will mean that part of the award in condemnation that is free and clear to Landlord of any collection by mortgagees for the value of the diminished fee. Tenant, at its own cost and expense, will restore and re-fixture such part of the Premises Tenant was responsible for providing as is not taken to as near its former condition as the circumstances will permit, including, without limitation, all exterior signs, trade fixtures, equipment, display cases, furniture, furnishings and other installations of personalty of Tenant. All compensation awarded or paid upon such a total or partial taking of the Premises or the Development within which the Premises are located will belong to and be the property of Landlord without any participation by Tenant. Tenant will, however, be entitled to claim, prove and receive in such condemnation proceedings such award as may be allowed for relocation costs, fixtures and other equipment installed by it but only to the extent that the same will not reduce Landlord’s award and only if such award will be in addition to the award for the land and Development (or portion thereof) containing the Premises. To the extent that the Tenant has a claim in condemnation proceedings, as aforesaid, Tenant may claim from the condemning authority, but not from Landlord, such compensation as may be recoverable by Tenant.
Amount received by Landlord means THAT PART OF THE AWARD IN CONDEMNATION WHICH IS FREE AND CLEAR TO LANDLORD OF ANY COLLECTION BY MORTGAGEES AND AFTER PAYMENT OF ALL COSTS INVOLVED IN COLLECTION, INCLUDING BUT NOT LIMITED TO ATTORNEY'S FEES. TENANT, AT IS OWN COST AND EXPENSE SHALL, RESTORE ALL EXTERIOR SIGNS, TRADE FIXTURES, EQUIPMENT, FURNITURE, FURNISHINGS AND OTHER INSTALLATIONS OF PERSONALTY OF TENANT WHICH ARE NOT TAKEN TO AS NEAR ITS FORMER CONDITION AS THE CIRCUMSTANCES WILL PERMIT. IN THE EVENT OF A PARTIAL TAKING, ALL PROVISIONS OF THIS LEASE SHALL REMAIN IN FULL FORCE AND EFFECT.
Amount received by Landlord means that part of the condemnation award, which is free and clear to Landlord of any collection of mortgages for the value of the diminished fee and Tenant, at Tenant’s own cost and expense shall restore such part of Tenant’s Work in the Premises, if any as is not taken to as near its former condition as the circumstances will permit.
Amount received by Landlord means that part of the award in condemnation or proceedings in lieu thereof, which is free and clear to Landlord of any collection by mortgagees for the value of the diminished fee. Tenant at its over cost and expense shall restore and refixture such part of the Leased Premises as is not taken to as near its former condition as the circumstances will permit, including, without limitation, all exterior signs, trade fixtures, equipment, display cases, furniture furnishings and other installations of personally of Tenant. All compensation awarded or paid upon such a total or partial taking of the Leased Premises or the building within which the Leased Premises are located shall belong to and be the property of Landlord without any participation by Tenant. Tenant shall, however, be entitled to claim, prove and receive in such condemnation proceedings such award as may be allowed for relocation costs, fixtures and other equipment installed by it but only to the extent that the same shall not reduce Landlords award and only if such award shall be in addition to the award for the land and building (or portion thereof) containing the Leased Premises. To the extent that the Tenant has a claim in condemnation proceedings, as aforesaid, Tenant may claim from condemnors, but not from Landlord, such compensation as may be recoverable by Tenant. It is mutually agreed that (i) any reduction in the parking lot area, number of parking spaces in the Shopping Center, or the imposition of any restriction on the number of motor vehicles that may enter the Shopping Center by action or order of any governmental authority, quasi-governmental authority, or by any court having jurisdiction in the premises (other than by actual exercise of the power of eminent domain such that title passes to the condemning agency) shall not constitute such a taking or condemnation under this Lease that would entitle Tenant to terminate the Lease, (ii) any such environmental condemnation or compliance by Landlord with any order, rule or regulation of any such authority, with any such judicial decree, or any such existing or future law shall not constitute a default under this Lease by Landlord so as to entitle Tenant to terminate the Lease and the Lease shall remain in full force and effect, and (iii) as between Landlord and Tenant, Landlord may but shall not be obligated to comply with any such order, rule, regulation, judicial decree or law.