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

Eminent Domain and Other Governmental Takings. Subject to the provisions of the Collateral Documents, upon the occurrence of a Taking or should any of the Collateral be sold pursuant to the exercise by the United States of America or any State, municipality or other governmental authority of any right which any of them may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, the Trustee shall release the property subject to such Taking or purchase, but only upon receipt by the Trustee of the following:

Eminent Domain and Other Governmental Takings. Subject to the provisions of the Collateral Security Documents, upon the occurrence of a Taking Taking, or should any of the Collateral be sold pursuant to the exercise by the United States of America or any Statestate, municipality or other governmental authority of any right which any of them it may then have to purchase, or to designate a purchaser or to order a sale of, all or any part of the Collateral, the Trustee shall release the property subject to such Taking taking or purchase, but only upon receipt by the Trustee of the following: