Common use of Sale in Lieu of Condemnation Clause in Contracts

Sale in Lieu of Condemnation. Sale of all or a part of the Premises or Building to a purchaser with the power of eminent domain in the face of a threat, or the probability of the exercise of the power, will be treated as a taking by condemnation.

Sale in Lieu of Condemnation. Sale of all or a part of the Premises or Building to a purchaser with the power of eminent domain in the face of a threat, threat or the probability of the exercise of the power, will power shall be treated for purposes of this lease as a taking by condemnation.