Common use of Notice of Taking Clause in Contracts

Notice of Taking. In the event the Generator's Real Property or the Pepco Real Property, or any part thereof, shall be the subject of any condemnation proceedings or the subject of any eminent domain proceedings, and if any Party shall receive actual notice of such proceedings, the Party receiving such notice shall notify the other Party of the existence of such proceedings. Such notification shall occur within thirty (30) days of the receipt of such actual notice.

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement (Southern Energy Inc), Asset Purchase and Sale Agreement (Potomac Electric Power Co)

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Notice of Taking. In the event the Generator's Real Property or ---------------- the Pepco Real Property, or any part thereof, shall be the subject of any condemnation proceedings or the subject of any eminent domain proceedings, and if any Party shall receive actual notice of such proceedings, the Party receiving such notice shall notify the other Party of the existence of such proceedings. Such notification shall occur within thirty (30) days of the receipt of such actual notice.

Appears in 1 contract

Samples: Easement, License and Attachment Agreement (Mirant Mid Atlantic LLC)

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Notice of Taking. In the event the Generator's Real Property or the Pepco Real Property, or any part thereof, shall be the subject of any condemnation proceedings or the subject of any eminent domain proceedings, and if any Party shall receive actual notice of such proceedings, the Party receiving such notice shall notify the other Party of the existence of such proceedings. Such notification shall occur within thirty (30) days of the receipt of such actual notice. 6.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Potomac Electric Power Co)

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