Common use of Settlement; Compromise Clause in Contracts

Settlement; Compromise. Landlord shall not settle or compromise any Taking or other governmental action creating a right to compensation in Tenant as provided in this Article XII, and any such right to settle or compromise shall be solely exercisable by Tenant or a Recognized Mortgagee.

Appears in 2 contracts

Sources: Sublease Agreement (New York Times Co), Sublease Agreement (New York Times Co)

Settlement; Compromise. Landlord shall not settle or compromise any Taking or other governmental action creating a right to compensation in Tenant as provided in this Article ARTICLE XII, and any such right to settle or compromise shall be solely exercisable by Tenant or a Recognized Mortgagee.. 99

Appears in 1 contract

Sources: Lease Agreement (New York Times Co)