No Condemnation Sample Clauses
The No Condemnation clause ensures that neither the property nor any part of it is subject to government seizure or condemnation proceedings at the time of the agreement. In practice, this means that if any portion of the property is threatened by eminent domain or similar governmental action, the parties are typically notified and may have specific rights or remedies, such as terminating the agreement or negotiating compensation. This clause protects the parties, especially buyers or tenants, from unexpected loss of property value or use due to government action, thereby reducing risk and ensuring the integrity of the transaction.
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No Condemnation. There is no proceeding pending or to the best of the Company's knowledge threatened for the total or partial condemnation of the related Mortgaged Property;
No Condemnation. No condemnation or other proceeding has been commenced that has not been completed, and, to the Company’s or the Operating Partnership’s knowledge, no such proceeding is threatened, with respect to all or any portion of the real property owned by the Company, the Operating Partnership and their subsidiaries or for the relocation away from any such property of any roadway providing access to such property or any portion thereof.
No Condemnation. Seller has not received any written notice of and to the best of Seller's knowledge there is no pending or contemplated condemnation, eminent domain or similar proceeding with respect to all or any portion of the Property.
No Condemnation. No part of the Mortgaged Property has been taken in Condemnation or other like proceeding, and, to the best of Borrower’s knowledge after due inquiry and investigation, no such proceeding is pending or threatened for the partial or total Condemnation or other taking of the Mortgaged Property.
No Condemnation. There is no proceeding pending or to the best of the Seller’s knowledge threatened for the total or partial condemnation of the related Mortgaged Property;
No Condemnation. Neither Transaction Entity has knowledge of any pending or threatened condemnation proceedings, zoning change or other proceeding or action that will materially affect the use or value of any Property.
No Condemnation. No part of any property subject to this Mortgage has been taken in condemnation or other like proceeding nor is any proceeding pending, threatened or known to be contemplated for the partial or total condemnation or taking of the Mortgaged Property.
No Condemnation. No part of any property subject to the Mortgage has been taken in condemnation or other like proceeding to an extent which would impair the value of the Property, the Mortgage or the Loan or the usefulness of such property for the purposes for which it is currently being operated, nor to Borrower's knowledge, is any proceeding pending, threatened or known to be contemplated for the partial or total condemnation or taking of the Property.
No Condemnation. Neither Transaction Entity has any actual knowledge of any pending or threatened condemnation proceedings or zoning change or other proceeding or action that, if determined adversely, would reasonably be expected to result, singly or in the aggregate, in a Material Adverse Effect.
No Condemnation. None of the Project Site, in whole or in part, shall have become subject to or threatened with any condemnation, eminent domain, or comparable proceeding that adversely affects, or could reasonably be expected to adversely affect, in whole or in part, ▇▇▇▇▇’s use of the Project Site for the Intended Use;