Insubstantial Condemnation. If an Insubstantial Condemnation occurs, then (subject to the rights of Leasehold Mortgagees and Subleasehold Mortgagees) any Condemnation Award shall be paid to Depository to be applied first for Restoration in the same manner as Property Insurance Proceeds. Tenant or those claiming under Tenant shall Restore in the same manner as Restoration upon Casualty. Any Condemnation Award remaining after Restoration shall be allocated among Landlord, Tenant, and those claiming through Tenant in accordance with applicable Florida law.
Appears in 3 contracts
Sources: Lease Agreement, Lease Agreement, Lease Agreement