Condemnation of Part. In the event of (i) a Condemnation Action affecting less than the whole of the Premises or Substantially All of the Improvements or (ii) a Condemnation Action affecting the whole of the Premises or Substantially All of the Improvements and StadCo does not exercise its option to terminate this Agreement pursuant to Section 11.3, any Condemnation Award (including all compensation for the damages, if any, to any parts of the Premises not so taken, that is, damages to any remainder) shall be paid and applied in the following order of priority: (i) payment of all Condemnation Expenses and (ii) paying any remainder to the Stadium Authority Capital Projects Fund.
Condemnation of Part. In the event of (i) a Condemnation Action affecting less than the whole of the Premises or Substantially All of the Improvements or (ii) a Condemnation Action affecting the whole of the Premises or Substantially All of the Improvements and Bristol does not exercise its option to terminate this Lease pursuant to Section 15(c), any Condemnation Award (including all compensation for the damages, if any, to any parts of the Premises not so taken, that is, damages to any remainder) shall be paid and applied in the following order of priority: (i) payment of all Condemnation Expenses and (ii) paying any remainder to the Capital Projects Fund.
Condemnation of Part. In the event of a Condemnation Action affecting less than the whole or substantially all of the Facility and the Facility Site, the Term shall not be reduced or affected in any way. The Condemnation Award shall be paid into the Project Account, and the Management Committee shall promptly thereafter decide on a course of action with respect to disposition of such monies and any actions required with respect to the remainder of the Facility and/or Facility Site, subject to the provisions of the Financing Documents.
Condemnation of Part. In the event of a Condemnation Action affecting less than the whole or less than Substantially All of the Leased Premises, Tenant shall have the option to terminate this Lease by providing Landlord written notice thereof, within 90 days of receipt of such notice of the applicable Condemnation Action. To the extent Tenant does not take action to terminate this Lease, then the Term shall not be reduced or affected in any way, and the following provisions shall apply:
Condemnation of Part. In the event of a Condemnation Action affecting less than the whole or less than Substantially All of the Complex Site, the Term shall not be reduced or affected in any way, and the following provisions shall apply:
Condemnation of Part. (a) Condemnation Repair Work. In the event of (i) a Condemnation Action affecting less than the whole of the Land or Substantially All of the Project Improvements or (ii) a Condemnation Action affecting the whole of the Land or Substantially All of the Project Improvements and StadCo does not exercise its option to terminate this Agreement pursuant to Section 15.1, the Project Term shall not be reduced or affected in any way, and StadCo shall, with reasonable diligence (subject to Force Majeure), commence and thereafter proceed to repair, alter, and restore the remaining part of the Land and Project Improvements to substantially their former condition to the extent feasible and necessary. Such repairs, alterations or restoration, including temporary repairs for the protection of Persons or Property pending the substantial completion of any part thereof, are referred to in this Article 15 as the “Condemnation Repair Work.” With respect to any Condemnation Repair Work exceeding the amount of Twenty Million and No/100 Dollars ($20,000,000.00), the Authority shall have the right to (i) Approve the terms of the contracts with the general contractor and lead architect, if any, to perform the Condemnation Repair Work, (ii) Approve all contracts requiring payment greater than Ten Million and No/100 Dollars ($10,000,000.00) recommended by StadCo to be entered into by StadCo for the Condemnation Repair Work, and (iii) engage an independent construction representative to review the Condemnation Repair Work, the cost of such representative shall be shared equally between StadCo and the Authority. To the extent any Condemnation Repair Work is not performed by StadCo’s employees, such Condemnation Repair Work must be performed on an arm’s-length, bona fide basis by Persons who are not Affiliates of StadCo and on commercially reasonable terms given the totality of the then- existing circumstances.
Condemnation of Part. In the event of a Condemnation Action that does not give rise to a Complete Taking (a "Partial Taking"), the Term shall not be reduced or affected in any way. The Condemnation Award shall be paid into the Project Account, and the Management Committee shall promptly thereafter initiate the process provided for in Sections 11.3.4 and 11.3.5 above.
Condemnation of Part
