AWARD-DISTRIBUTION definition

AWARD-DISTRIBUTION. The award shall belong to and be paid to Landlord, except that Tenant shall receive directly from the condemning authority an amount attributable to alterations made to the Premises by Tenant in accordance with this Lease, which alterations Tenant has the right to remove from the Premises pursuant to the provisions of this Lease but elects not to remove; or, if Tenant elects to remove any such Tenant's improvements, an amount not to exceed the fair market value of such alterations. Any award by the condemnor specifically for the loss of Tenant's business shall belong to Tenant.
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AWARD-DISTRIBUTION. All compensation awarded for any taking whether for the whole or a portion of the Leased Premises, shall belong to LANDLORD; provided that TENANT shall be entitled to any award made whether to LANDLORD or to TENANT for the un-depreciated portion of TENANT's improvements, moving expenses, the value of TENANT's trade fixtures, and loss or damage to TENANT's business to the extent allowable under the law then in force and effect. A leasehold mortgagee shall have no claim or interest in LANDLORD's award for the depreciated portion of TENANT's improvement. TENANT shall have no claim against LANDLORD or the condemning body or entity for any portion of the award relating to the value of the un-expired term of this Lease.
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AWARD-DISTRIBUTION. The award shall belong to and be paid to LANDLORD, except that TENANT shall receive from the award a sum attributable to TENANT'S improvements or alterations made to the Premises by TENANT in accordance with this Lease, which TENANT'S improvements or alterations TENANT has the right to remove from the Premises pursuant to the provisions of this Lease but elects not to remove. TENANT shall have the right to independently pursue a TENANT award. 19.
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Examples of AWARD-DISTRIBUTION in a sentence

  • AWARD-DISTRIBUTION: The award shall belong to and be paid to LANDLORD, except that TENANT shall receive from the award a sum attributable to TENANT'S improvements or alterations made to the Premises by TENANT in accordance with this Lease, which TENANT'S improvements or alterations TENANT has the right to remove from the Premises pursuant to the provisions of this Lease but elects not to remove.

Related to AWARD-DISTRIBUTION

  • Share Distribution means a dividend payable in shares of any class or series of capital stock, Convertible Securities or other equity securities of the Corporation or any other Person.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.