Common use of Condemnation Award Clause in Contracts

Condemnation Award. All compensation awarded upon any such partial or total Condemnation shall be paid to Landlord and Tenant shall have no claim thereto, and Tenant hereby irrevocably assigns and transfers to Landlord any right to compensation or damages by reason of any such Condemnation. Provided, however, that Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant's own right on account of any damage to Tenant's business by reason of the Condemnation and on account of any cost that Tenant may incur in removing Tenant's merchandise, furniture, fixtures, leasehold improvements and equipment. If this Lease is terminated, in whole or in part, in accordance with this Article as a result of a Condemnation, Tenant shall have no claim for the value of any unexpired term of this Lease.

Appears in 7 contracts

Samples: Office Lease (NTN Buzztime Inc), Industrial Gross Lease (Inland Entertainment Corp), Industrial Net Lease (Mitokor)

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Condemnation Award. All compensation awarded upon any such partial or total Condemnation shall be paid to Landlord and Tenant shall have no claim thereto, and Tenant hereby irrevocably assigns and transfers to Landlord any right to compensation or damages by reason of any such Condemnation. Provided, however, that Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant's ’s own right on account of any damage to Tenant's ’s business by reason of the Condemnation and on account of any cost that Tenant may incur in removing Tenant's ’s merchandise, furniture, fixtures, leasehold improvements and equipment. If this Lease is terminated, in whole or in part, in accordance with this Article as a result of a Condemnation, Tenant shall have no claim for the value of any unexpired term of this Lease.

Appears in 6 contracts

Samples: Standard Lease, Office Lease (Evoke Pharma Inc), Industrial Lease (Brooks Automation Inc)

Condemnation Award. All compensation awarded upon any such partial or total Condemnation shall be paid to Landlord and Tenant shall have no claim thereto, and Tenant hereby irrevocably assigns and transfers to Landlord any right to compensation or damages by reason of any such Condemnation. Provided, however, that Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant's own right on account of any damage to TenantXxxxxx's business by reason of the Condemnation and on account of any cost that Tenant may incur in removing TenantXxxxxx's merchandise, furniture, fixtures, leasehold improvements and equipment. If this Lease is terminated, in whole or in part, in accordance with this Article as a result of a Condemnation, Tenant shall have no claim for the value of any unexpired term of this Lease.

Appears in 1 contract

Samples: Industrial Gross Lease (Scripps Financial Corp)

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Condemnation Award. All compensation awarded upon any such partial or total Condemnation shall be paid to Landlord Landlord, and Tenant shall have no claim thereto, and . Tenant hereby irrevocably assigns and transfers to Landlord any right to compensation or damages by reason of any such Condemnation. Provided; provided, however, that Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant in Tenant's own right on account of any damage to Tenant's business by reason of the Condemnation and on account of any cost that Tenant may incur in removing Tenant's merchandise, furniture, fixtures, leasehold improvements and equipment. If this Lease is terminated, terminated in whole or in part, part in accordance with this Article as a result of a CondemnationArticle, Tenant shall have no claim for the value of any unexpired term of this Lease.

Appears in 1 contract

Samples: Genetronics Biomedical Corp

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