Common use of Allocation of Award Clause in Contracts

Allocation of Award. The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s business during the remaining Term, if any, for the taking of Lessee’s Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

Appears in 29 contracts

Samples: Hotel Lease Agreement, Master Lease Agreement, Master Lease Agreement (Supertel Hospitality Inc)

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Allocation of Award. The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s 's loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s 's business during the remaining Term, if any, for the taking of Lessee’s 's Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

Appears in 11 contracts

Samples: Lease Agreement (Itt Corp /Nv/), Master Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc)

Allocation of Award. The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s 's loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s 's business during the remaining Term, if any, for the taking of Lessee’s 's Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, neither Lessor nor Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessorthe other.

Appears in 10 contracts

Samples: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)

Allocation of Award. The total Award made with respect to the ------------------- Leased Property or for loss of rent, or for Lessor’s 's loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s 's business during the remaining Term, if any, for the taking of Lessee’s 's Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, neither Lessor nor Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessorthe other.

Appears in 2 contracts

Samples: Lease Agreement (Boston Properties Inc), Lease Agreement (Boston Properties Inc)

Allocation of Award. The total Award made with respect to the ------------------- Leased Property or for loss of rent, or for Lessor’s 's loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s 's business during the remaining Term, if any, for the taking of Lessee’s 's Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

Appears in 2 contracts

Samples: Hotel Lease Agreement (Apple Suites Inc), Master Lease Agreement (Humphrey Hospitality Trust Inc)

Allocation of Award. The total Award made with respect to the Leased ------------------- Property or for loss of rent, or for Lessor’s 's loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s 's business during the remaining Term, if any, for the taking of Lessee’s 's Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

Appears in 2 contracts

Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Lease Agreement (Humphrey Hospitality Trust Inc)

Allocation of Award. The total Award made with respect to the Leased -------------------- Property or for loss of rent, or for Lessor’s 's loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s 's business during the remaining Term, if any, for the taking of Lessee’s 's Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

Appears in 2 contracts

Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Hotel Lease Agreement (Apple Suites Inc)

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Allocation of Award. The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s business during the remaining Term, if any, for the taking of Lessee’s Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

Appears in 1 contract

Samples: Lease Agreement (Sunstone Hotel Investors, Inc.)

Allocation of Award. The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s 's loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s 's business during the remaining Term, if any, for the taking of Lessee’s 's, Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sunstone Hotel Investors Inc)

Allocation of Award. The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s 's loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s 's business during the remaining Term, if any, for the taking of Lessee’s 's Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

Appears in 1 contract

Samples: Lease Agreement (Hammons John Q Hotels Inc)

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