Compensation Rights definition

Compensation Rights means all present and future rights of the Mortgagor to be paid or to receive compensation by reason of any compulsory acquisition, requisitioning or exercise of other compulsory powers in relation to the Secured Assets or any refusal, withdrawal or modification of planning permission or approval relative thereto or any control or limitation imposed upon or affecting the use of the Secured Assets;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Compensation Rights means rights of the Chargor under the Mortgage and Charge to be paid or receive under any statute or by reason of any compulsory acquisition, requisition or other exercise of compulsory powers in relation to the Scheduled Property (or any part thereof) or arising on any refusal, withdrawal or modification of planning permission or approval relative thereto or any control or limitation imposed upon or affecting the use of the Scheduled Property (or any part thereof);

Compensation Rights means all present and future rights of the Obligors to be paid or receive compensation by reason of any compulsory acquisition requisitioning or other exercise of compulsory powers in relation to the Mortgaged Property or any refusal withdrawal or modification of planning permission or approval relative thereto or any control or limitation imposed upon or affecting the use of the Mortgaged Property;

Examples of Compensation Rights in a sentence

• There are no Equity Compensation Rights other than the Outstanding Options.

• The Compensation Options and the Compensation Rights will be evidenced by one or more certificates (the “Compensation Option Certificates”).

• Upon notification by the employee of a workplace injury the Employer will provide such employee with a copy of the Union’s Worker’s Compensation Rights Information as supplied by the Union.

• Upon notification by the employee of a workplace injury the Employer will provide such employee with a copy of the Union’s Workers’ Compensation Rights Information as supplied by the Union.

• For the avoidance of doubt, the rights of each Compensation Rights Holder for each Benchmark Year is separate and cumulative.

• Except to the extent set forth in the Tenant Compensation Rights section of this article, all awards in condemnation, whether recovered as a result of litigation, or in settlement of litigation or threatened condemnation, or as part of a private purchase in lieu of condemnation, and whether termed compensation or damages, but payable in any event for the Taking of all or a portion of the Premises or the Building Project shall belong solely to Landlord.

• In acknowledgement of the Seller's commercial risk (as contractor under the SDDI Contract), including in respect of delay or defective condition of the Vessel, the Purchaser hereby assigns and agrees to assign to the Seller, at the cost and expense of the Seller, any Delay Compensation Rights and Warranty Rights which are vested or will vest in the Purchaser to the extent that they are assignable.

• Workers' Compensation Rights and Duties Form - Side 2 The employer shall provide payment in accordance with this section for reasonable surgical and medical services, services rendered by physicians or other health care providers, including an additional opinion when invasive surgery may be necessary, medicines and supplies, as and when needed.

• Termination: The effect of termination for the Stock Appreciation Rights Agreement, Director Compensation Rights Agreement, Director Deferral Compensation Agreement, and the Change of Control Agreement will be determined and controlled solely by the language of those particular agreements.

More Definitions of Compensation Rights

Compensation Rights means all rights of the Chargor to be paid or receive compensation under any statute or enactment by reason of any compulsory acquisition or other exercise of compulsory or similar powers in relation to all or any part of the Real Property by any local or other authority or government agency or body or any refusal, withdrawal or modification of any planning permission or approval relative thereto or any control or limitation imposed upon or affecting the use of all or any part of the Real Property;

Compensation Rights all rights of the Company to be paid or receive compensation under any statute or enactment by reason of any compulsory acquisition or other exercise of compulsory or similar powers in relation to all or any part of the Real Property by any local or other authority or government agency or body or any refusal, withdrawal or modification of any planning permission or approval relative thereto or any control or limitation imposed upon or affecting the use of all or any part of the Real Property;