Common use of Condemnation and Destruction Clause in Contracts

Condemnation and Destruction. (a) If, prior to the Closing Date, the Property, or any part of any Property, is taken by eminent domain (or is the subject of a pending or contemplated taking which has not been consummated), the Partnership shall notify Home Properties of such fact, and Home Properties shall have the option (which option shall be set forth in a notice from Home Properties to the Partnership given not later than fifteen (15) business days after receipt of the notice from the Partnership):

Condemnation and Destruction. (a) If, prior to the Closing Date, the Property, or any part of any Property, is taken by eminent domain (or is the subject of a pending or contemplated taking which has not been consummated), the Partnership shall notify Home Properties of such fact, and Home Properties shall have the option (which option shall be set forth in exercised by a notice from Home Properties to the Partnership given not later than fifteen (15) business days after receipt of the notice from the Partnership):

Condemnation and Destruction. (a) If, prior to the Closing Date, the Property, or any material part of any Property, is taken by eminent domain (or is the subject of a pending or contemplated taking which has not been consummated), the Partnership shall notify Home Properties of such fact, and Home Properties shall have the option (which option shall be set forth in a notice from Home Properties to the Partnership given not later than fifteen (15) business days after receipt of the notice from the Partnership):

Condemnation and Destruction. (a) If, prior to the Closing Date, the Property, or any material part of any Property, is taken by eminent domain (or is the subject of a pending or contemplated taking which has not been consummated), the Partnership Partnerships shall notify Home Properties of such fact, and Home Properties shall have the option (which option shall be set forth in exercised by a notice from Home Properties to the Partnership Partnerships given not later than fifteen (15) business days after receipt of the notice from the PartnershipPartnerships):