Common use of Restoration Conditions Clause in Contracts

Restoration Conditions. Provided that this Lease has not been terminated pursuant to Section 16.2, above, in connection with a Taking, then Tenant shall Repair the Leased Property damaged as a result of such Taking, as and to the extent required by Section 16.2 and the Taking Proceeds shall be paid as follows:

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Energy XXI LTD), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Connection and Access Agreement (CorEnergy Infrastructure Trust, Inc.)

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Restoration Conditions. Provided that this Lease has not been terminated pursuant to Section 16.2, above, in connection with a Taking, then Tenant Lessee shall Repair repair, restore or replace the Leased Property damaged as a result of such Taking, as and to the extent required by Section 16.2 and the Taking Proceeds shall be paid as follows:

Appears in 2 contracts

Samples: Confidential Treatment (CorEnergy Infrastructure Trust, Inc.), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.)

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Restoration Conditions. Provided that this Lease has not been terminated pursuant to Section 16.216.2 , above, in connection with a Taking, then Tenant shall Repair the Leased Property damaged as a result of such Taking, as and to the extent required by Section 16.2 and the Taking Proceeds shall be paid as follows:

Appears in 1 contract

Samples: Connection and Access Agreement (Energy XXI LTD)

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