Separate Awards Clause Samples
The Separate Awards clause allows an arbitral tribunal to issue decisions on different parts of a dispute at different times, rather than waiting to resolve all issues in a single final award. For example, the tribunal might issue an award on liability first and then, after further proceedings, issue a separate award on damages. This approach can streamline the resolution process by addressing discrete issues as they are ready, potentially saving time and resources. The core function of this clause is to provide flexibility in complex cases, ensuring that parties receive timely decisions on key matters without unnecessary delay.
POPULAR SAMPLE Copied 2 times
Separate Awards. The parties agree to cooperate to encourage the condemning authority to make separate awards to Landlord and Tenant.
Separate Awards. Landlord and Tenant shall each be entitled to receive and retain such separate awards and portions of lump sum awards as may be allocated to their respective interests in any condemnation proceedings. If there is any lump sum award as to which there is no allocation between the interests of Landlord and Tenant in any condemnation proceedings, then Landlord shall be entitled to receive the entire lump sum award. Termination of this Lease shall not affect the rights of the respective parties to such awards.
Separate Awards. In the event of any taking or condemnation by any competent authority for any public or quasi-public use or purpose (a “Condemnation”) of any interest in the Leased Premises, then the court in such condemnation proceedings shall, if not prohibited by law, be requested to make separate awards to Landlord and Tenant, so that: (i) Landlord receives the award for its fee simple interest in and to the Leased Premises and Landlord's interest in this Ground Lease (including, without limitation, a fair market rent component of the leasehold estate and reversionary interest in the Improvements), subject to the leasehold estate of Tenant therein; and (ii) Tenant receives the award for the leasehold estate and its ownership in fee simple of the Improvements (subject to the reversionary interest of Landlord upon the expiration of the Lease Term). If such court is prohibited by law from making separate awards to Landlord and Tenant, or declines to do so, then the award in such condemnation proceedings shall be divided between Landlord and Tenant so that each receives the amount it would have received if separate awards had been made pursuant to Section 8.4(a).
Separate Awards. The court in such condemnation proceeding shall, if not prohibited by law, be requested to make separate awards to Sublessor and Sublessee, and Sublessor and Sublessee agree to request such action by the court. This Paragraph 16 of this Sublease shall be construed as superseding and being hereby substituted for any statutory provisions now in force or hereafter enacted concerning condemnation proceedings to the extent permitted by law.
Separate Awards. Subject to Court approval, ▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇ shall each receive, and Burlington shall not oppose, Separate Awards of $10,000.00 each in recognition of their effort and work in prosecuting the Lawsuit on behalf of the Potential Collective Members. The Separate Awards shall be allocated 100% as non-wage income, for which a Form 1099 shall be issued to ▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇- ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇ shall be solely responsible for any and all tax liabilities, including any penalties and interest, arising from the Separate Awards. Should the Court award a lesser sum or nothing, the residual shall be included in the Net Settlement Amount. The Settlement Administrator will pay the Separate Awards within 30 days of the Court’s approval of the Separate Awards and the Effective Date, whichever is later.
Separate Awards. If, during the Lease Term, the Demised Premises, or any portion thereof, is condemned or taken by any governmental authority, or by any corporation or other entity having the power of eminent domain, Landlord and Tenant agree to request the courts in such condemnation proceeding to make separate awards to Landlord and Tenant as to their respective interests in the Demised Premises. If for any reason the court is unwilling or unable to make separate awards, Landlord and Tenant agree that the one award shall be equitably apportioned between them, as hereinafter set forth, to reflect their respective interests in the Demised Premises.
Separate Awards. Landlord and Tenant each covenant and agree to seek separate Awards in all condemnation proceedings and to use their respective best efforts to see that such separate Awards are made at all stages of the condemnation proceedings. If any order or decree in any condemnation or similar proceeding shall fail to separately state the amount to be awarded to Tenant and/or Landlord, by way of compensation, damages, rent, the cost of demolition, removal or restoration, or otherwise, and if Landlord and Tenant cannot agree thereon within 30 days after the final Award or Awards shall have been fixed and determined, such dispute shall be resolved by arbitration. In determining the amounts to be made to Landlord and Tenant under the provisions of this Section 10, to the extent relevant, due regard shall be given to the rights and benefits which each party is entitled to receive under the provisions of this Lease.
Separate Awards. Landlord and Tenant shall each seek separate awards in all such condemnation proceedings, and each agrees to use its best efforts to see that such separate awards are made at all stages of all such proceedings.