Common use of Eminent Domain and Other Governmental Takings Clause in Contracts

Eminent Domain and Other Governmental Takings. The Company shall be entitled to obtain a release of, and the Trustee shall release, items of Collateral taken by eminent domain or sold pursuant to the exercise by the United States of America or any State, municipality, other governmental authority or private Person holding the power of eminent domain of any right which it may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, upon 109 compliance with the condition precedent that the Company shall have delivered to the Trustee the following:

Appears in 1 contract

Samples: Intercreditor Agreement (River Road Realty Corp)

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Eminent Domain and Other Governmental Takings. The Company shall be entitled to obtain a release of, and the Trustee shall release, items of Collateral taken by eminent domain or sold pursuant to the exercise by the United States of America or any State, municipality, other governmental authority or private Person holding the power of eminent domain of any right which it may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, upon 109 compliance with the condition precedent that the Company shall have delivered to the Trustee the following:

Appears in 1 contract

Samples: Security Agreement (Bayou Steel Corp)

Eminent Domain and Other Governmental Takings. The Company shall be entitled to obtain a release of, and the Trustee shall release, items of Collateral taken by eminent domain or sold pursuant to the exercise by the United States of America or any State, municipality, municipality or other governmental authority or private Person holding the power of eminent domain of any right which it may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, upon 109 compliance with the condition precedent that the Company shall have delivered to the Trustee the following:

Appears in 1 contract

Samples: Ameristeel Corp

Eminent Domain and Other Governmental Takings. The Company shall be entitled to obtain a release of, and the Trustee shall releasecause to be released, items of Collateral taken by eminent domain or sold pursuant to the exercise by the United States of America or any State, municipality, municipality or other governmental authority or private Person holding the power of eminent domain of any right which it may then have to purchase, or to designate a purchaser or to order a sale of, all or of any part of the Collateral, upon 109 compliance with the condition precedent that the Company shall have delivered to the Trustee the following:

Appears in 1 contract

Samples: Indenture (Sheffield Steel Corp)

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Eminent Domain and Other Governmental Takings. The Company --------------------------------------------- shall be entitled to obtain a release of, and the Trustee shall releasecause to be released, items of Collateral taken by eminent domain or sold pursuant to the exercise by the United States of America or any State, municipality, municipality or other governmental authority or private Person holding the power of eminent domain of any right which it may then have to purchase, or to designate a purchaser or to order a sale of, all or of any part of the Collateral, upon 109 compliance with the condition precedent that the Company shall have delivered to the Trustee the following:

Appears in 1 contract

Samples: Sheffield Steel Corp

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