Common use of Total Taking After Project Delivery Clause in Contracts

Total Taking After Project Delivery. If, following delivery of possession of the Project by Developer to District, all of the Project and the Site is taken permanently under the power of eminent domain, the Term shall cease as of the day possession shall be so taken. 17.1.1 The financial interest of Developer shall be limited to the amount of principal payments pursuant to the GMP provisions indicated in Exhibit C that are then due or past due together with all remaining and succeeding principal payments pursuant to the GMP provisions indicated in Exhibit C for the remainder of the original Term. For example, if all of the Project and the Site is taken at the end of the third year of the Term, Developer shall be entitled to receive from the eminent domain award the sum of all principal payments pursuant to the GMP provisions indicated in Exhibit C that would have been owing for the fourth year through the end of the Term had there been no taking. 17.1.2 The balance of the award, if any, shall be paid to the District.

Total Taking After Project Delivery. If, following delivery of possession of the Project by Developer to District, all of the Project and the Project Site is taken permanently under the power of eminent domain, the Term shall cease as of the day possession shall be so taken. 17.1.1 The financial interest of Developer shall be limited to the amount of principal payments pursuant to the GMP provisions indicated in Exhibit C that are then due or past due together with all remaining and succeeding principal payments pursuant to the GMP provisions indicated in Exhibit C for the remainder of the original Term. For example, if all of the Project and the Project Site is taken at the end of the third year of the Term, Developer shall be entitled to receive from the eminent domain award the sum of all principal payments pursuant to the GMP provisions indicated in Exhibit C that would have been owing for the fourth year through the end of the Term had there been no taking. 17.1.2 The balance of the award, if any, shall be paid to the District.

Total Taking After Project Delivery. If, following delivery of possession of the Project and Project Site by Developer to District, all of the Project and the Project Site is taken permanently under the power of eminent domain, the Term shall cease as of the day possession shall be so taken. 17.1.1 The financial interest of Developer shall be limited to the amount of principal payments pursuant to the GMP provisions indicated in Exhibit C that are then due or past due together with all remaining and succeeding principal payments pursuant to the GMP provisions indicated in Exhibit C for the remainder of the original Term. For example, if all of the Project and the Project Site is taken at the end of the third year of the Term, Developer shall be entitled to receive from the eminent domain award the sum of all principal payments pursuant to the GMP provisions indicated in Exhibit C that would have been owing for the fourth year through the end of the Term had there been no taking. 17.1.2 The balance of the award, if any, shall be paid to the District.

Total Taking After Project Delivery. If, following delivery of possession of the Project by Developer to District, all of the Project and the Site is taken permanently under the power of eminent domain, the Term shall cease as of the day possession shall be so taken. 17.1.1 The 17.1. 1The financial interest of Developer shall be limited to the amount of principal payments pursuant to the GMP provisions indicated in Exhibit C that are then due or past due together with all remaining and succeeding principal payments pursuant to the GMP provisions indicated in Exhibit C for the remainder of the original Term. For example, if all of the Project and the Site is taken at the end of the third year of the Term, Developer shall be entitled to receive from the eminent domain award the sum of all principal payments pursuant to the GMP provisions indicated in Exhibit C that would have been owing for the fourth year through the end of the Term had there been no taking. 17.1.2 The 17.1. 2The balance of the award, if any, shall be paid to the District.

Total Taking After Project Delivery. If, following delivery of possession of the Project by Developer to District, all of the Project and the Project Site is taken permanently under the power of eminent domain, the Term shall cease as of the day possession shall be so taken. 17.1.1 The 17.1. 1The financial interest of Developer shall be limited to the amount of principal payments pursuant to the GMP provisions indicated in Exhibit C that are then due or past due together with all remaining and succeeding principal payments pursuant to the GMP provisions indicated in Exhibit C for the remainder of the original Term. For example, if all of the Project and the Project Site is taken at the end of the third year of the Term, Developer shall be entitled to receive from the eminent domain award the sum of all principal payments pursuant to the GMP provisions indicated in Exhibit C that would have been owing for the fourth year through the end of the Term had there been no taking. 17.1.2 The 17.1. 2The balance of the award, if any, shall be paid to the District.

Total Taking After Project Delivery. If, following delivery of possession of the Project by Developer to District, all of the Project and the Project Site is taken permanently under the power of eminent domain, the Term shall cease as of the day possession shall be so taken. 17.1.1 The financial interest of Developer shall be limited to the amount of principal payments pursuant to the GMP provisions indicated in Exhibit C that are then due or past due together with all remaining and succeeding principal payments pursuant to the GMP provisions indicated in Exhibit C for the remainder of the original Term. For example, if all of the Project and the Project Site is taken at the end of the third year of the Term, Developer shall be entitled to receive from the eminent domain award the sum of all principal payments pursuant to the GMP provisions indicated in Exhibit C that would have been owing for the fourth year through the end of the Term had there been no taking. 17.1.2 The balance of the award, if any, shall be paid to the District.. D R A F T

Total Taking After Project Delivery. If, following delivery of possession of the Project by Developer to District, all of the Project and the Project Site is taken permanently under the power of eminent domain, the Term shall cease as of the day possession shall be so taken. 17.1.1 The financial interest of Developer shall be limited to the amount of principal payments pursuant to the GMP provisions indicated in Exhibit C that are then due or past due together with all remaining and succeeding principal payments pursuant to the GMP provisions indicated in Exhibit C for the remainder of the original Term. For example, if all of the Project and the Project Site is taken at the end of the third year of the Term, Developer shall be entitled to receive from the eminent domain award the sum of all principal payments pursuant to the GMP provisions indicated in Exhibit C that would have been owing for the fourth year through the end of the Term had there been no taking. 17.1.2 The balance of the award, if any, shall be paid to the District.. Facilities Lease Page 23 SHS Three Relocatable Classroom Building Project