Condemnation of Land. Any condemnation of any portion of the Land which does not include any portion of Tenant’s Facility and which does not materially adversely affect access for pedestrian and vehicular traffic to and from Tenant’s Facility shall belong to Landlord, and Tenant shall have no interest whatsoever in any portion of said award.
Condemnation of Land. The Projects or a portion of the Projects could become subject to an eminent domain or inverse condemnation action. Any such action could have a material adverse effect on the value, marketability and profitability of a Project, and it could cause some or all of the tenants to terminate their leases or reduce or withhold rental payments, which could have a material adverse effect on the amount of return on investment for the Noteholders. Lead-Based Paint. Federal regulations require that all purchasers or lessees of residential real property built prior to January 1, 1978 be notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Some of the Projects that are acquired by the Company may be originally built all or in part prior to the ban on lead-based paint. Thus, it is possible that lead paint could be present at some of the Projects. If lead-based paint is present at the Projects, is not properly maintained or is not properly disclosed to the residents, it is possible that residents could make claims against the Company which could adversely affect the financial performance of the Projects and cause the Company to lose some or all of its investment. Age of Projects. Some of the Projects acquired by the Company may be in excess of 30 years ago. As a result, the remaining useful life for these Projects may be limited. In general, the value of the Projects may decline as the Project’s remaining useful life decreases.
Condemnation of Land. Upon Pure Cycle's request, Rangeview agrees to use its governmental powers of condemnation if condemnation is reasonably necessary to enable Pure Cycle to perform the services contemplated by this Agreement. Pure Cycle shall be responsible for the costs associated with Rangeview's condemnation of such land.
Condemnation of Land. Upon Service Provider’s request, Rangeview agrees to consider and use best efforts to utilize its governmental powers of condemnation if such condemnation is reasonably necessary to enable Service Provider to perform the services contemplated by this Agreement. Rangeview agrees to grant Service Provider a right-of-way, easement or license in such condemned property in such form as is reasonable and appropriate for the services to be conducted or facilities to be constructed on the property. Service Provider shall be responsible for the costs associated with Rangeview’s condemnation of such land. Nothing in this section 10.3 shall be construed as a delegation of Rangeview’s governmental powers to Service Provider, and Rangeview shall retain sole judicial and legislative discretion in regard to such matters.
