NYC 9/11 Public Portal Document
of square feet in the part remaining. The proceeds of any award for partial taking shall be
implied by Landlord to the repair, restoration or replacement of the remaining premises, and if
there be any deficiency, it shall be made up by Landlord, but if there be any surplus, it shall
belong to the Landlord. Said repairs, restoration or replacement of the remaining premises shall
be completed within nine (9) months of the aforesaid taking in condemnation, pursuant to plans
and specifications approved by the Tenant. In the event said repairs, restoration or replacement
are not completed within said nine (9) month period, Tenant, in addition to any other remedy it
may have, may terminate this Lease or perform said repairs, restoration and replacement and
deduct the cost thereof from any rent which may be due and payable under this Lease.
Landlord shall be entitled to receive the entire award in any proceeding with respect to
any taking provided for in this Article without deduction therefrom for any estate vested in
Tenant by this Lease and Tenant shall receive no pan of such award, except as hereinafter
expressly provided in this Anicle. Tenant hereby expressly assigns to Landlord all of its right.
title and interest in or to every such award. Notwithstanding anything herein to the contrary.
Tenant may, at its sole cost and expense, make an independent claim with the condemning
authority for Tenant's moving expenses, the value of Tenant's fixtures or Tenant's alterations
which do not become part of the Building or property of the Landlord, provided however that
Landlord's award is not thereby reduced or otherwise adversely affected.
ARTICLE 15
DESTRUCTION BY FIRE OR OTHER CASUALTY
(A) If the whole of the Demised Premises is totally destroyed or damaged by fire or
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