Insubstantial Condemnation. If an Insubstantial Condemnation shall occur, then any condemnation award or awards shall be applied first to repair, restoration or reconstruction of any remaining part of the improvements not so taken. Tenant shall perform such repair, restoration or reconstruction in accordance with applicable requirements of this Lease. The balance of any such award or awards remaining after the repair, restoration or reconstruction shall be distributed to Landlord and Tenant as if they were proceeds of a Substantial Condemnation affecting only the portion of the Premises taken.
Appears in 2 contracts
Sources: Ground Lease (Eldorado Resorts, Inc.), Ground Lease (HCS Ii Inc)