Condemnation Powers. The Company has the right under Delaware law to exercise the power of eminent domain; in any proceeding pursuant to which the Company exercises its power of eminent domain, the compensation to be paid by the Company would be based only on the value of the property actually taken and would not include compensation for the value of improvements made by the Company to the property condemned.
Appears in 5 contracts
Samples: Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp)
