Common use of Tenant's Right to Compensation Clause in Contracts

Tenant's Right to Compensation. Notwithstanding the foregoing, Tenant shall have the right to make a separate claim in the Condemnation proceeding, as long as the Award payable to Landlord is not reduced thereby, for: (a) the taking of the unamortized or under appreciated value of any leasehold improvements owned by Tenant that Tenant has the right to remove at the end of the Lease Term and that Tenant elects not to remove; (b) reasonable removal and relocation costs for any leasehold improvements that Tenant has the right to remove and elects to remove (if Condemnor approves of the removal); and (c) relocation costs under Government Code Section 7262.

Appears in 2 contracts

Samples: Tenant Improvement Agreement (Zogenix Inc), Tenant Improvement Agreement (Collateral Therapeutics Inc)

AutoNDA by SimpleDocs

Tenant's Right to Compensation. Notwithstanding the foregoingDespite Subsection 16.5.1, Tenant shall have the right to make a separate claim in the Condemnation proceeding, as long as the Award payable to Landlord is not reduced thereby, for: (a) the taking of the unamortized or under appreciated value of any leasehold improvements owned by Tenant that Tenant has the right to remove at the end of the Lease Term and that Tenant elects not to remove; (b) reasonable removal and relocation costs for any leasehold improvements that Tenant has the right to remove and elects to remove (if Condemnor approves of the removal); and (c) relocation costs under Government Code Section 7262, the claim for which Tenant may pursue by separate action independent of this Lease.

Appears in 1 contract

Samples: Acc Consumer Finance Corp

AutoNDA by SimpleDocs

Tenant's Right to Compensation. Notwithstanding the foregoingDespite subsection 15.5.1, Tenant shall have the right to make a separate claim in the Condemnation proceeding, as long as the Award payable to Landlord is not reduced thereby, for: (a) the The taking of the unamortized or under appreciated undepreciated value of any leasehold improvements owned by Tenant that Tenant has the right to remove at the end of the Lease Term and that Tenant elects not to remove; (b) reasonable Reasonable removal and relocation costs for any leasehold improvements that Tenant has the right to remove and elects to remove (if Condemnor approves of the removal); and (c) relocation Relocation costs under Government Code Section section 7262, the claim for which Tenant may pursue by separate action independent of this Lease.

Appears in 1 contract

Samples: Office Lease (Inpixon)

Time is Money Join Law Insider Premium to draft better contracts faster.