Landlord's Award. If the Premises are wholly or partially Condemned, Landlord shall be entitled to the entire award paid for such condemnation, subject to the provisions of Section 12.04, and Tenant waives any claim to any part of the award from Landlord or the condemning authority.
Landlord's Award. Landlord shall be entitled to receive the entire award or awards in any condemnation proceeding without deduction therefrom for any estate vested in Tenant and Tenant shall receive no part of such award or awards from Landlord or in the proceedings, except as otherwise expressly provided in this Section 5.2. Subject to the foregoing, Tenant hereby assigns to Landlord any and all of Tenant’s right, title and interest in or to such award or awards or any part thereof.
Landlord's Award. The term "Landlord's Award" means, at any point in time, an amount equal to the then fair market value of the Fee Estate (which, for the purposes of
Landlord's Award. Except to the extent hereinabove provided with respect to the Restoration of the Premises, in the event of any condemnation or taking as hereinbefore provided, whether whole or partial, the Tenant shall not be entitled to any part of the award, as damages or otherwise, for such condemnation, and the Landlord and any mortgagee of Landlord are to receive the full amount of such award as their respective interests may appear, the Tenant hereby expressly waiving any right or claim to any part thereof and assigning to Landlord any such right or claim to which it might be entitled.
Landlord's Award. 24 11.04 TENANT'S AWARD.........................................................................24 11.05
Landlord's Award. The term "Landlord's Award" means, at any point in time, an amount equal to the then fair market value of the Fee Estate (which, for the purposes of this definition, shall include Landlord's leasehold interest in the Fee Estates owned by a Third Party Lessor or the Power Test Lessor (it being understood that the Power Test Lessor, as landlord thereunder, and Landlord, as tenant thereunder shall in no event seek Awards with respect to the same estate or interest in the Fee Estate encumbered by any such Power Test Lease) in the applicable Property (including the then fair market value of the rights of the holder of such Fee Estate in and to the Improvements thereon), considered: (i) as if the Condemnation had not occurred; (ii) without adjusting for any expectation of the Condemnation; (iii) as if this Restated Lease had not terminated with respect to the applicable Property as of the effective date of the Condemnation; and (iv) taking into account the benefits and burdens of this Restated Lease, the remaining Term (as further defined in this definition), all Permitted Exceptions, and all other matters affecting such Fee Estate and its valuation. For the purposes of calculating "Landlord's Award," the Term of this Restated Lease shall include only those Renewal Terms for which Tenant had previously exercised its Renewal Option in accordance with the provisions of this Restated Lease. "Landlord's Award" shall be determined independently of, and without regard to, any valuation of the Fee Estate established in any Condemnation proceeding.
