Common use of Parties’ Interests Clause in Contracts

Parties’ Interests. If any City Site, or any part thereof, is taken by condemnation as a result of any action or proceeding in eminent domain, or is transferred in lieu of condemnation to any authority entitled to condemn, this article governs Landlord’s and Tenant’s interests in the award or consideration for the transfer and the effect of the taking or transfer on this Master Lease. Landlord will promptly notify Tenant in writing when it becomes aware of any pending or threatened condemnation of a City Site and Tenant may intervene in the condemnation action to protect its leasehold interests.

Parties’ Interests. If any City Site, or any part thereof, is taken by condemnation as a result of any action or proceeding in eminent domain, or is transferred in lieu of condemnation to any authority entitled to condemn, this article governs Landlord’s and TenantXxxxxx’s interests in the award or consideration for the transfer and the effect of the taking or transfer on this Master Lease. Landlord Xxxxxxxx will promptly notify Tenant in writing when it becomes aware of any pending or threatened condemnation of a City Site and Tenant may intervene in the condemnation action to protect its leasehold interests.