Condemnation Award definition

Condemnation Award means all proceeds of any Condemnation or transfer in lieu thereof.

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Condemnation Award means all sums, amounts or other compensation for the Premises payable to the Authority or StadCo as a result of or in connection with any Condemnation Action.

Condemnation Award means the total condemnation proceeds actually paid by the condemnor as a result of the condemnation of all or any part of the property subject to the Mortgage less the actual costs incurred, including attorneys’ fees, in obtaining such award.

Examples of Condemnation Award in a sentence

• The Condemnation Award shall be applied first to the actual out-of-pocket costs incurred by Landlord and ▇▇▇▇▇▇ in the Condemnation proceedings and then as provided in Section 16.2 or Section 16.3.

• Upon any such Temporary Taking, Tenant shall be entitled to receive the entire amount of any Condemnation Award made for such Temporary Taking whether such award is paid by way of damages, Rent or otherwise; provided, however, if the period of temporary use or occupancy shall extend beyond the date of the expiration or termination of the Term, then such Condemnation Award shall be prorated by Landlord and Tenant as of such date of expiration.

• Termination of this Lease shall not effect Tenant’s share of any Condemnation Award under this Section.

• Whether or not the Condemnation Award is adequate, Tenant shall, at its expense, restore the Improvements in compliance with this Lease.

• Nothing in the foregoing provisions of this Section 16 shall limit Tenant’s right to separately pursue compensation or damages for lost revenues, business interruption, lost value of plans and permits and moving and relocation expenses, and Tenant shall be solely entitled to any such compensation for damages free and clear of any claim by ▇▇▇▇▇▇▇▇, but no such claim may have the effect of reducing the amount of the Condemnation Award.

More Definitions of Condemnation Award

Condemnation Award means all proceeds of any Condemnation or transfer in lieu thereof with respect to any Portfolio Railcar or other item of Collateral.

Condemnation Award means the total condemnation proceeds actually paid by the condemnor as a result of the condemnation of all or any part of the property subject to the Mortgage less all expenses (including attorneys’ fees and any extraordinary fee of the Trustee) incurred in the realization thereof.

Condemnation Award means any and all judgments, awards of damages (including, but not limited to, severance and consequential damages), payments, proceeds, settlements, amounts paid for a taking in lieu of Condemnation, or other compensation heretofore or hereafter made, including interest thereon, and the right to receive the same, as a result of, or in connection, with, any Condemnation or threatened Condemnation.

Condemnation Award means the amount remaining from an award to the Developer for the acquisition of title to and possession of the Minimum Improvements or any material part thereof, after deducting all expenses (including fees and disbursements of counsel) incurred in the collection of such award.

Condemnation Award means any award(s) paid or payable (whether or not in a separate award) to either party after the Commencement Date because of or as compensation for any Condemnation, including: (1) any award made for any Improvements that are the subject of the Condemnation; (2) the full amount paid or payable by the condemning authority for the estate that is the subject of the Condemnation, as determined in Condemnation; (3) any interest on such award; and (4) any other sums payable on account of such Condemnation, including for any prepayment premium under any Mortgage.

Condemnation Award means any award(s) paid or payable (whether or not in a separate award) to either party or its mortgagee after the Commencement Date because of or as compensation for any Condemnation, including: (a) any award made for any improvements that are the subject of the Condemnation, (b) the full amount paid or payable by the condemning authority for the estate that is the subject of the Condemnation, as determined in Condemnation, (c) any interest on such award, and (d) any

Condemnation Award means all sums, amounts or other compensation for the Arena payable to the Knicks or Licensor as a result of or in connection with any Condemnation.