Compulsory purchase. (a) Any part of any Property is compulsorily purchased or the applicable local authority makes an order for the compulsory purchase of all or any part of any Property; and
(b) in the opinion of the Majority Lenders, taking into account the amount and timing of any compensation payable, the compulsory purchase has or will have a Material Adverse Effect.
Compulsory purchase. 2.2.18.1. On receipt of an Order, the Supplier will provide compulsory purchase advice. This will include, but not be restricted to, procedural, and negotiation advice. In circumstances where the Customer wishes to promote a compulsory purchase order (“CPO”) to obtain powers to compulsorily acquire land from third parties the Supplier will provide strategic and procedural advice on how to obtain those powers. In these cases the Supplier will advise on all stages of the CPO process from inception through, public inquiry, possession and subsequent negotiation of property acquisition and compensation, if necessary by referral to the Lands Tribunal. In addition to this they may be a requirement for the negotiation and settlement of Part 1 claims.
2.2.18.2. In cases where the Customer owns or occupies land which is subject to a CPO being promoted by another body the advice will include potential objection to the CPO and appearance at public inquiry, if appropriate and the agreement of terms of withdrawal of objections/undertakings. It will also include negotiation for the sale of land and settlement of compensation, if necessary by referral to the Lands Tribunal.
Compulsory purchase. Any material part of the Property is compulsorily purchased or the applicable local authority makes an order for the compulsory purchase of all or any part of the Property and the Lender, taking into account the amount and timing of any compensation payable, the compulsory purchase has likely to have a Material Adverse Effect.
Compulsory purchase. Save as provided in Clause 9 (Option Rollover), if the Company Event is a Compulsory Purchase, the Option (or any unexercised part) may be exercised within the period the relevant person remains entitled or bound or such shorter period as the Directors shall decide.
Compulsory purchase. (i) The Landlord shall notify the Tenant of its receipt of a Compulsory Purchase Notice.
(ii) In the event that a Compulsory Purchase with respect to of all or substantially all of the Premises, (a) the Landlord shall have no liability to the Tenant, (b) the Net Award will be solely for the Landlord's benefit as a compensation for the expropriation of the Premises, and (c) the Lease shall terminate on the date the Net Award is paid to Landlord.
(iii) In the event that the Partial Compulsory Purchase occurs with respect to the Premises, this Lease shall remain in full force and effect as to the portion of the Premises which have not been affected by such Partial Compulsory Purchase (the "REMAINING PREMISES") with no reduction of Basic Rent.
(iv) Tenant shall be entitled to make a claim on its own behalf under statutory law for any loss it suffers as a result of a Compulsory Purchase provided that such claim does not diminish any Net Award payable to Landlord.
Compulsory purchase. Any Property is compulsorily purchased or an interest in PropCo is otherwise nationalised or otherwise expropriated which, in the reasonable opinion of the Majority Lenders is likely to have a Material Adverse Effect.
Compulsory purchase. Fee Basis – Expert Hourly Rates and General Hourly Rates depending on advice required.
Compulsory purchase. On receipt of an Order, the Supplier will provide compulsory purchase advice. This will include, but not be restricted to, procedural, and negotiation advice. In circumstances where the Customer wishes to promote a compulsory purchase order (CPO) to obtain powers to compulsorily acquire land from third parties the Supplier will provide strategic and procedural advice on how to obtain those powers. In these cases the Supplier will advise on all stages of the CPO process from inception through, public inquiry, possession and subsequent negotiation of property acquisition and compensation, if necessary by referral to the Lands Tribunal. In addition to this they may be a requirement for the negotiation and settlement of Part 1 claims.
Compulsory purchase. Subject to prior approval of any required EU Prospectus, on the terms and subject to the conditions set forth in this Agreement, and in accordance with the Danish Companies Act (the “DCA”), if more than 90% of the issued and outstanding Company Shares are acquired by Topco, as soon as possible following the Closing Date:
(i) Topco will initiate and complete the Compulsory Purchase; and
(ii) The consideration payable in respect of each Minority Share shall be equal in value to the Offer Consideration (the “Compulsory Purchase Consideration”) and paid net to the holder thereof in accordance with applicable Law (i) either in cash or in Topco Shares (and cash in lieu of fractional Topco Shares, if any) at the election of each holder of Minority Shares which have responded during the mandatory notice period pursuant to sections 70-72 of the DCA (the “Squeeze-out Period”), and (ii) in cash only for any holder of Minority Shares who does not transfer their Minority Shares during the Squeeze-out Period. Such consideration payable in respect of each Minority Share shall be payable without interest and subject to reduction for any applicable withholding Taxes payable in respect thereof, if any. Any holders of Minority Shares located in any jurisdiction in which the acceptance of Topco Shares as consideration in the Compulsory Purchase would not be in compliance with the securities or other Laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by this Agreement shall only be offered the opportunity to receive cash for their Minority Shares.
Compulsory purchase. The Borrower shall not and shall ensure that no Obligor, PropCo or Xxxxxx shall enter into any negotiations with any competent authorities with regard to the compulsory acquisition of all or any part of any Property or consent to the compulsory acquisition of all or any part of any Property unless in either case it is required to do so and except, in either case, with the consent of the Security Trustee and, if so requested by the Security Trustee, shall permit the Security Trustee or its representatives to conduct such negotiations or give such consent on its behalf.
