Condemnation of Part. In the event of (i) a Condemnation Action affecting less than the whole of the Premises or Substantially All of the Improvements or (ii) a Condemnation Action affecting the whole of the Premises or Substantially All of the Improvements and Bristol does not exercise its option to terminate this Lease pursuant to Section 15(c), any Condemnation Award (including all compensation for the damages, if any, to any parts of the Premises not so taken, that is, damages to any remainder) shall be paid and applied in the following order of priority: (i) payment of all Condemnation Expenses and (ii) paying any remainder to the Capital Projects Fund.
Appears in 3 contracts
Sources: Lease Agreement, Lease Agreement, Lease Agreement