Notice of Casualty or Condemnation. In the event that after the date of this Agreement and prior to the Closing:
(a) Any material portion of the Terminal is damaged or destroyed by fire or other casualty or any event or circumstance occurs resulting in a material adverse change to the environmental condition of the Terminal (a “Casualty”), or
(b) Seller receives written notice of any action, suit or proceeding, or threatened or contemplated action, suit or proceeding, to condemn or take all or any material part of the Terminal by eminent domain (a “Condemnation”), Seller shall immediately notify Buyer of the Casualty or Condemnation. In the event of a Casualty, Buyer must (i) retain an insurance adjuster mutually satisfactory to Buyer and Seller within fifteen (15) days after Buyer’s receipt of Seller’s notice to determine the extent of the Casualty, and (ii) initiate negotiations with Seller to discuss an adjusted Purchase Price for the Terminal if Buyer contemplates making the election in Section 14.2(a) below. If Buyer initiates such negotiations, Buyer and Seller shall negotiate in good faith to try to agree upon an adjusted Purchase Price. -51- TERMINAL SALE AND PURCHASE AGREEMENT (XXXXXX (WEST)) EXECUTION VERSION
Notice of Casualty or Condemnation. Promptly upon learning thereof, Seller shall give the applicable Purchaser written notice of any condemnation, damage or destruction of all or any portion of any Real Property occurring prior to the Closing.
Notice of Casualty or Condemnation. Tenant shall immediately give written notice to Landlord if any portion of the Premises is damaged or destroyed by fire or other casualty (a "Casualty"), or if all or a part of the Premises is taken by eminent domain or conveyance in lieu thereof (a "Taking").
Notice of Casualty or Condemnation. Seller will notify Buyer within ten days after receiving notice of, or otherwise becoming aware of, (1) any Casualty Loss (as defined below) or (2) the commencement of any proceedings for the taking by eminent domain of all or any part of the Property.
Notice of Casualty or Condemnation. With respect to any Collateral pledged to Agent hereunder, the Borrower will give notice to the Agent immediately upon receipt of notice or knowledge that the underlying Collateral Property securing the applicable Collateral Loan as to which it relates has been materially damaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty, or otherwise damaged so as to materially affect adversely the value thereof, or that any material portion of such property has been taken by, or is threatened to be taken by, eminent domain or other condemnation proceeding.
Notice of Casualty or Condemnation. If the Real Property, or any part thereof, shall be damaged or destroyed by fire or other casualty prior to the Closing Date (the “Casualty”), Seller shall promptly notify Purchaser thereof (“Casualty Notice”). If the Real Property, or any part thereof, shall be taken or condemned or Seller shall receive notice or be informed of any threatened condemnation prior to the Closing Date, Seller shall promptly notify Purchaser thereof (“Condemnation Notice”).
Notice of Casualty or Condemnation. 61 ARTICLE XV MISCELLANEOUS -------------
15.01. Access of Information............................................... 61 15.02. Entire Agreement, Schedules and Exhibits............................ 62 15.03. Successors and Assigns.............................................. 62 15.04.
Notice of Casualty or Condemnation. Seller immediately shall ---------------------------------- notify Buyer in writing of any Occurrence or if, to its knowledge, any condemnation proceedings are pending or threatened. If Buyer elects to close the transaction contemplated hereby, the Closing Date shall be postponed until five (5) days after notice to Seller as required by this Article XIV. ----------- -69-
Notice of Casualty or Condemnation. Borrower shall promptly notify Lender of any casualty or the commencement of any condemnation proceedings which affect any portion of the Property.
Notice of Casualty or Condemnation. Seller shall promptly notify Purchaser of any material damage to or destruction of the Property or any written notice received by it regarding the threatening or commencement of Condemnation proceedings with respect to the Property.
