Common use of Net Award Clause in Contracts

Net Award. Subject to Section 11.07 below, Lessor shall be entitled to receive the entire Net Award in connection with a Total Condemnation without deduction for any estate vested in Lessee by this Lease, and Lessee hereby expressly assigns to Lessor all of its right, title and interest in and to every such Net Award and agrees that Lessee shall not be entitled to any Net Award or other payment for the value of Lessee’s leasehold interest in this Lease.

Appears in 13 contracts

Samples: Master Lease Agreement (Synalloy Corp), Master Lease Agreement (Local Bounti Corporation/De), Lease Agreement (Kratos Defense & Security Solutions, Inc.)

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Net Award. Subject to Section 11.07 below, Lessor shall be entitled to receive the entire Net Award in connection with a Total Condemnation without deduction for any estate vested in Lessee by this Lease, and Lessee hereby expressly assigns to Lessor all of its right, title and interest in and to every such Net Award and agrees that Lessee shall not be entitled to any Net Award or other payment for the value of Lessee’s leasehold interest in this Lease.

Appears in 4 contracts

Samples: Master Lease Agreement (O Charleys Inc), Master Lease Agreement (21st Century Oncology Holdings, Inc.), Master Lease Agreement (21st Century Oncology Holdings, Inc.)

Net Award. Subject to Section 11.07 10.07 below, Lessor shall be entitled to receive the entire Net Award in connection with a Total Condemnation without deduction for any estate vested in Lessee by this Lease, and Lessee hereby expressly assigns to Lessor all of its right, title and interest in and to every such Net Award and agrees that Lessee shall not be entitled to any Net Award or other payment for the value of Lessee’s leasehold interest in this Lease.

Appears in 2 contracts

Samples: Master Lease Agreement (Societal CDMO, Inc.), Master Lease Agreement (Societal CDMO, Inc.)

Net Award. Subject to Section 11.07 below, Lessor shall be entitled to receive the entire Net Award in connection with a Total Condemnation and except as set forth in Section 11.07 below, without deduction for any estate vested in Lessee by this Lease, and Lessee hereby expressly assigns to Lessor all of its right, title and interest in and to every such Net Award and agrees that Lessee shall not be entitled to any Net Award or other payment for the value of Lessee’s 's leasehold interest in this Lease.

Appears in 1 contract

Samples: Master Lease Agreement (LIVE VENTURES Inc)

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Net Award. Subject to Section 11.07 below, Lessor shall be entitled to receive the entire Net Award in connection with a Total Condemnation without deduction for any estate vested in Lessee by this Lease, and Lessee hereby expressly assigns to Lessor all of its right, title and interest in and to every such Net Award and agrees that Lessee shall not be entitled to any Net Award or other payment for the value of Lessee’s leasehold interest in this Lease.

Appears in 1 contract

Samples: Master Lease Agreement (ARC Group, Inc.)

Net Award. Subject to Section 11.07 below, Lessor shall be entitled to receive the entire Net Award in connection with a Total Condemnation without deduction for any estate vested in Lessee by this LeaseCondemnation; provided, and Lessee hereby expressly assigns to Lessor all of its right, title and interest in and to every such Net Award and agrees that however Lessee shall not be entitled to any Net Award or other payment award specifically granted for the value of Lessee’s leasehold interest in this Lease.

Appears in 1 contract

Samples: Master Lease Agreement (21st Century Oncology Holdings, Inc.)

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