Net Condemnation Award means the proceeds of any award or payment on account of a Taking, together with any interest earned thereon, less the amount of any expenses incurred in litigating, arbitrating, compromising or settling any claim arising out of such Taking.
Net Condemnation Award shall have the meaning assigned to such term ---------------------- in Section 10.2 hereof. ------------ "Net Insurance Proceeds" shall have the meaning assigned to such term ---------------------- in Section 10.1 hereof. ------------
Net Condemnation Award shall have the meaning assigned to such term in Section 10.2 hereof
Examples of Net Condemnation Award in a sentence
Subject to Unavoidable Delays and/or City Delays, as applicable, and each in accordance with this Lease, Tenant shall commence the Construction Work in connection with a Condemnation Restoration within ninety (90) days after receipt of the Net Condemnation Award arising from the taking which caused the need for such Condemnation Restoration and shall diligently pursue the completion of such Condemnation Restoration.
More Definitions of Net Condemnation Award
Net Condemnation Award means the total amount awarded as compensation for any part of the Premises taken under the exercise of the power of eminent domain plus damages to any part not taken, less and except (i) any portion thereof to which the Tenant is entitled under the provisions of Section 6.2 hereof, and (ii) all attorneys' fees and other expenses incurred in the condemnation proceeding with respect to which such award was made (other than those paid directly by the Tenant or deducted, pursuant to the provisions of said Section 6.2, from that portion of the award to which it is entitled under the provisions thereof).
Net Condemnation Award shall have the meaning set forth in Section 11.2(a).
Net Condemnation Award means the total amount awarded as compensation for any part of the Building taken under the exercise of the power of eminent domain plus damages to any part not taken, less and except (i) any portion thereof to which Landlord is entitled, as provided herein, and (ii) all attorneys’ fees and other costs and expenses incurred in the condemnation proceeding with respect to which such award was made (other than those paid directly by Landlord or deducted, pursuant to the provisions herein, from the portion of the award to which Landlord is entitled).
Net Condemnation Award has the meaning provided in Section 9.1(c)(iii). “Net Insurance Proceeds” has the meaning provided in Section 8.2(a).
Net Condemnation Award means the total amount received as compensation for any part of the Project taken under the exercise of the power of Eminent Domain, plus damages to any part of the Project not taken, which compensation shall consist of (i) all awards received pursuant to administrative or judicial proceedings conducted in connection with the exercise of the power of Eminent Domain, plus (ii) all amounts received as a result of any settlement of compensation claims (whether in whole or in part) negotiated with the condemning authority, less (iii) all attorneys' fees and other expenses incurred in connection with the receipt of such compensation, including attorneys' fees and expenses relating to such administrative or judicial proceedings and to such settlement negotiations.
Net Condemnation Award. As defined in Section 5.7.1 of this Agreement.
Net Condemnation Award. See Section 15.2(b);