AWARD-DISTRIBUTION definition

AWARD-DISTRIBUTION. The award shall belong to and be paid to Landlord, except that Tenant shall receive directly from the condemning authority an amount attributable to alterations made to the Premises by Tenant in accordance with this Lease, which alterations Tenant has the right to remove from the Premises pursuant to the provisions of this Lease but elects not to remove; or, if Tenant elects to remove any such Tenant's improvements or costs not to exceed the market value of such alterations. Any award by the condemnor specifically for the loss of Tenant's business shall belong to Tenant.
Sample 1
AWARD-DISTRIBUTION. All compensation awarded for any taking whether for the whole or a portion of the Leased Premises, shall belong to LANDLORD; provided that TENANT shall be entitled to any award made whether to LANDLORD or to TENANT for the un-depreciated portion of TENANT's improvements, moving expenses, the value of TENANT's trade fixtures, and loss or damage to TENANT's business to the extent allowable under the law then in force and effect. A leasehold mortgagee shall have no claim or interest in LANDLORD's award for the depreciated portion of TENANT's improvement. TENANT shall have no claim against LANDLORD or the condemning body or entity for any portion of the award relating to the value of the un-expired term of this Lease.
Sample 1
AWARD-DISTRIBUTION. The award shall belong to and be paid to LANDLORD, except that TENANT shall receive from the award a sum attributable to TENANT'S improvements or alterations made to the Premises by TENANT in accordance with this Lease, which TENANT'S improvements or alterations TENANT has the right to remove from the Premises pursuant to the provisions of this Lease but elects not to remove. TENANT shall have the right to independently pursue a TENANT award. 19.
Sample 1

Examples of AWARD-DISTRIBUTION in a sentence

  • AWARD-DISTRIBUTION: The award shall belong to and be paid to LANDLORD, except that TENANT shall receive from the award a sum attributable to TENANT'S improvements or alterations made to the Premises by TENANT in accordance with this Lease, which TENANT'S improvements or alterations TENANT has the right to remove from the Premises pursuant to the provisions of this Lease but elects not to remove.

Related to AWARD-DISTRIBUTION

  • Share Distribution means a dividend payable in shares of any class or series of capital stock, Convertible Securities or other equity securities of the Corporation or any other Person.

  • Incentive Distribution Right means a Limited Partner Interest having the rights and obligations specified with respect to Incentive Distribution Rights in this Agreement (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest).

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Income Distribution shall be calculated as set forth in subparagraph (A), below, unless the Prospectus provides for the averaging of income distributions, in which case, "Income Distribution" shall be shall be calculated as set forth in subparagraph (B), below. Accordingly, the Unitholder's "Income Distribution" shall be equal to:

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.