Voluntary Conveyance. A voluntary conveyance by Lessor to a public utility, governmental agency, or authority under threat of a taking under the power of eminent domain in lieu of formal proceedings, is a taking under this Article.
Voluntary Conveyance. The Insured may only accept a conveyance of the Property from the Borrower in lieu of foreclosure or other proceeding if the prior written approval of the Company has been obtained. Such approval shall not be considered as an acknowledgement of liability by the Company with respect to such Loan.
Voluntary Conveyance. A voluntary conveyance by Xxxxxxxx to a public utility, agency or authority under threat of a taking under the power of eminent domain in lieu of formal proceedings shall be deemed a taking within the meaning of this Article 9. If all or any portion of the Project shall be taken by any competent authority for temporary use or occupancy, this Lease shall continue in full force and effect (but with a proportional reduction or abatement of rent if a portion of the Premises is taken). In such event, Tenant shall be entitled to any award specifically made for the repair and restoration of any damage to the Premises or any improvements thereon, as a result of such temporary use or occupancy and to the entire award for such taking for temporary use or occupancy to the extent that such award relates to the Premises and is applicable to the period of such temporary use or occupancy occurring during the Term and Landlord shall be entitled to the remainder of the award. Notwithstanding anything to the contrary elsewhere in this Lease, in the event that Xxxxxx's leasehold estate is subject to a Leasehold Mortgage, all amounts payable to Tenant pursuant to this Article 9, if required by the Leasehold Mortgage, shall be paid to the Leasehold Mortgagee to be applied by the Leasehold Mortgagee in accordance with the Leasehold Mortgage. Such Leasehold Mortgagee shall have the right to participate, at its or Tenant's sole cost, in any condemnation proceeding affecting the Premises.
Voluntary Conveyance. A voluntary conveyance by Landlord to a public utility, agency or authority under threat of a taking under the power of eminent domain in lieu of formal proceedings shall be deemed a taking within the meaning of this Article 9.
Voluntary Conveyance. Neither party to this Lease -------------------- will voluntary convey any interest related to this Lease to any agency, authority or public utility under threat of a taking under the power of eminent domain in lieu of formal proceedings without first providing written notice to the other of any request or intention to do so.
Voluntary Conveyance. Nothing in this article prohibits Landlord from voluntarily conveying all or part of the Premises to a public utility, agency, or authority under threat of a taking under the power of eminent domain. Any such voluntary conveyance will be treated as a taking within the meaning of this article.
Voluntary Conveyance. 84 10.1.4 Date of Taking................................... 84 10.1.5 Leased Land....................................... 84 10.2
Voluntary Conveyance. The Insured may accept a conveyance of title from the Borrower in lieu of foreclosure or other proceedings if:
1. The ability of the Insured to preserve, transfer and assign to the Company the Insured's rights against the Borrower is not impaired; and
2. The rights of the Company under this Policy against such Borrower are not adversely affected; or if
3. The written approval of the Company has been obtained; provided, however, it is understood that such approval shall not constitute nor be deemed an admission of liability by the Company with respect to coverage for the related Loan.
Voluntary Conveyance. The Insured may accept a conveyance of title from the Borrower in lieu of foreclosure or other proceedings if:
Voluntary Conveyance. A voluntary conveyance by Master Lessor or Lessor under threat of a taking under the power of eminent domain in lieu of formal proceedings shall be deemed a taking within the meaning of this Article.
