Common use of Right to Compensation Clause in Contracts

Right to Compensation. In case of any governmental action, not resulting in the Taking of any portion of the Demised Premises but creating a right to compensation therefor, such as the changing of the grade or any street upon which the Demised Premises abuts, then, except as otherwise provided in Section 13.01 hereof, this Lease shall continue in full force and effect without reduction or abatement of Rent and the award shall be paid to Landlord.

Appears in 4 contracts

Samples: Agreement of Lease (Angion Biomedica Corp.), Agreement of Lease (Angion Biomedica Corp.), Agreement of Lease (Angion Biomedica Corp.)

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Right to Compensation. In case of any governmental action, not resulting in the Taking taking or condemnation of any portion of the Demised Premises but creating a right to compensation therefor, such as the changing of the grade or of any street upon which the Demised Premises abuts, then, except as otherwise provided in Section 13.01 hereofabut, this Lease shall continue in full force and effect without reduction or abatement of Rent Rental, and the award shall be paid to Landlordretained by Landlord as its sole property.

Appears in 1 contract

Samples: Agreement of Lease (Empire Resorts Inc)

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