Common use of Condemnation of Company-Owned Property Clause in Contracts

Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation award or portion thereof made for damage to or taking of any Property which, at the time of such damage or taking, is not part of the Facility.

Appears in 19 contracts

Samples: Lease and Project Agreement, Lease Agreement, Lease Agreement

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Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage damages to or taking of any Property which, at the time of such damage its own property or taking, is not part for damages on account of the Facilitytaking of or interference with the Company's rights to possession, use or occupancy of the Project.

Appears in 4 contracts

Samples: Lease Agreement (Mead Corp), Lease Agreement (Meadwestvaco Corp), Lease Agreement (Whitehall Corp)

Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage to or taking of any Property property which, at the time of such damage or taking, is not part of the Facility.

Appears in 3 contracts

Samples: Agreement, Leaseback Agreement (Monro Muffler Brake Inc), Lease Agreement (CVC Inc)

Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation award or portion thereof made for damage to or taking of any Property which, at the time of such damage or taking, is not part of the Company Facility.

Appears in 3 contracts

Samples: Lease and Project Agreement, Lease and Project Agreement (CVD Equipment Corp), Lease Agreement

Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation award or portion thereof made for damage to or taking of any Property which, at the time of such damage or taking, is not part of the Facility.

Appears in 3 contracts

Samples: Lease Agreement (Ultralife Batteries Inc), Lease Agreement (CVD Equipment Corp), Lease Agreement (Olsten Corp)

Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage damages to or taking of any Property which, at the time of such damage its own property or taking, is not part for damages on account of the Facilitytaking of or interference with Company's rights to possession, use or occupancy of the Project.

Appears in 2 contracts

Samples: Lease Agreement (Meadwestvaco Corp), Lease Agreement (Mead Corp)

Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage damages to or taking takings of any Property which, at the time of such damage or taking, is not part of the Facilityits own property.

Appears in 2 contracts

Samples: Lease (Luiginos Inc), Luiginos Inc

Condemnation of Company-Owned Property. The Company shall -------------------------------------- be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage damages to or taking of any Property which, at the time of such damage its own property or taking, is not part for damages on account of the Facilitytaking of or interference with the Company's rights to possession, use or occupancy of the Project.

Appears in 2 contracts

Samples: Lease Agreement (Meadwestvaco Corp), Lease Agreement (Mead Corp)

Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation award or portion thereof made for damage to or taking of any Property which, at the time of such damage or taking, is not part of the FacilityProject Facility and which is owned by the Company.

Appears in 1 contract

Samples: Lease Agreement (Special Metals Corp)

Condemnation of Company-Owned Property. The Subject to the -------------------------------------- terms of the Security Documents, the Company shall be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation award or portion thereof made for damage to or taking of any Property which, at the time of such damage or taking, is not part of the Facility.

Appears in 1 contract

Samples: Facility Lease Agreement (V I Technologies Inc)

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Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage damages to or taking of any Property which, at the time of such damage or taking, is not part of the Facilityits own property.

Appears in 1 contract

Samples: Lease (Venture Service Co)

Condemnation of Company-Owned Property. The Company shall --------------------------------------- be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage damages to or taking of any Property which, at the time of such damage its own property or taking, is not part for damages on account of the Facilitytaking of or interference with the Company's rights to possession, use or occupancy of the Project.

Appears in 1 contract

Samples: Lease Agreement (Mead Corp)

Condemnation of Company-Owned Property. The Subject to the rights of any Lender pursuant to the terms of any Loan Documents, the Company shall be entitled to the Net Proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation award or portion thereof made for damage to or taking of any Property which, at the time of such damage or taking, is not part of the Phase 2B Facility.

Appears in 1 contract

Samples: Lease Agreement

Condemnation of Company-Owned Property. The Company shall be -------------------------------------- entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage damages to or taking of any Property which, at the time of such damage its own property or taking, is not part for damages on account of the Facilitytaking of or interference with the Company's rights to possession, use or occupancy of the Project.

Appears in 1 contract

Samples: Lease Agreement (Mead Corp)

Condemnation of Company-Owned Property. The Company shall be entitled to the Net Proceeds proceeds of any casualty, damage or destruction insurance proceeds or any Condemnation condemnation award or portion thereof made for damage to or taking of any Property property which, at the time of such damage or taking, is not part of the Project Facility.

Appears in 1 contract

Samples: Tax Agreement

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