Common use of Taking Award Clause in Contracts

Taking Award. The parties are entitled to the following portions of any award or settlement in lieu thereof payable on account of a Taking: (a) City shall be entitled to all amounts attributable to the value of the City Conveyed Land; and (b) PWRF shall be entitled to receive all amounts attributable (i) to the value of the Improvements,

Appears in 3 contracts

Sources: Public Use Covenant, Public Use Covenant, Public Use Covenant