Common use of Distribution of Condemnation Proceeds Clause in Contracts

Distribution of Condemnation Proceeds. Condemnation proceeds shall be apportioned in the same manner as insurance proceeds are apportioned pursuant to Section 11.2 of this Lease; provided, however, that nothing set forth in this Lease shall be deemed a waiver of Tenant’s exclusive right to any and all awards that may be made for damages to, or taking of, interior Improvements by Tenant, for loss of Tenant’s business, or for relocation expenses so long as Landlord’s award is not reduced thereby.

Appears in 4 contracts

Samples: Rights Lease Agreement, Air Rights Lease Agreement, Air Rights Lease Agreement

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Distribution of Condemnation Proceeds. Condemnation proceeds shall be apportioned in the same manner as insurance proceeds are apportioned pursuant to Section 11.2 of this Lease; provided, however, that nothing set forth in this Lease shall be deemed a waiver of Tenant’s exclusive right to any and all awards that may be made for damages to, or taking of, interior Improvements by Tenant, for loss of Tenant’s business, or for relocation expenses so long as LandlordXxxxxxxx’s award is not reduced thereby.

Appears in 1 contract

Samples: Air Rights Lease Agreement

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