Common use of Condemnation of Part Clause in Contracts

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 Land or Substantially All of the Project Improvements or (ii) a Condemnation Action affecting the whole of the Premises Land or Substantially All of the Project Improvements and StadCo does not exercise its option to terminate this Agreement pursuant to Section 11.315.1, any Condemnation Award (including all compensation for the damages, if any, to any parts of the Premises Land and Project Improvements not so taken, that is, damages to any remainder) shall be paid and applied in the following order of priority: (iA) payment of all Condemnation Expenses and (iiB) 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 StadCo does not exercise its option to terminate this Agreement pursuant to Section 11.311.4, 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 StadCo does not exercise its option to terminate this Agreement Lease pursuant to Section 11.323.3, 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 Expenses, (ii) paying any remainder to the Stadium Authority Capital Projects Repairs Reserve Fund.

Condemnation of Part. In the event of (i) a Condemnation Action affecting less than the whole of the Premises Land or Substantially All of the Project Improvements or (ii) a Condemnation Action affecting the whole of the Premises Land or Substantially All of the Project Improvements and StadCo does not exercise its option to terminate this Agreement pursuant to Section 11.315.1, any Condemnation Award (including all compensation for the damages, if any, to any parts of the Premises Land and Project Improvements not so taken, that is, damages to any remainder) shall be paid and applied in the following order of priority: (iyA) payment of all Condemnation Expenses and (iizB) 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 Land or Substantially All of the Project Improvements or (ii) a Condemnation Action affecting the whole of the Premises Land or Substantially All of the Project Improvements and StadCo does not exercise its option to terminate this Agreement pursuant to Section 11.315.1, any Condemnation Award (including all compensation for the damages, if any, to any parts of the Premises Land and Project Improvements not so taken, that is, damages to any remainder) shall be paid and applied in the following order of priority: (iA) payment of all Condemnation Expenses and (iiB) paying any remainder to the Capital Repairs Reserve Fund (as defined under Stadium Authority Capital Projects FundLease).

Condemnation of Part. In the event of (i) a Condemnation Action affecting less than the whole of the Premises Land or Substantially All of the Project Improvements or (ii) a Condemnation Action affecting the whole of the Premises Land or Substantially All of the Project Improvements and StadCo does not exercise its option to terminate this Agreement pursuant to Section 11.315.1, any Condemnation Award (including all compensation for the damages, if any, to any parts of the Premises Land and Project Improvements not so taken, that is, damages to any remainder) shall be paid and applied in the following order of priority: (iy) payment of all Condemnation Expenses and (iiz) paying any remainder to the Stadium Authority Capital Projects Fund.