Common use of Right to Award Clause in Contracts

Right to Award. All compensation awarded for any condemnation of the Premises or the Building, or any interest or right in all or part of any of these, shall belong to and shall be the property of Landlord. Tenant hereby assigns to Landlord all of its rights, if any, with respect to all such compensation; provided however, that nothing contained herein shall prevent Tenant from applying for reimbursement from the condemning authority if permitted by law for moving expenses or the expense of removal of Tenant's trade fixtures, if and only if such action shall not reduce the amount of the award or other compensation otherwise recoverable from the condemning authority by Landlord.

Appears in 4 contracts

Samples: Office Lease (Infinity Property & Casualty Corp), Office Lease (Infinity Property & Casualty Corp), Office Lease (Infinity Property & Casualty Corp)

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