Condemnation Action definition

Condemnation Action means a taking by any Governmental Authority (or other Person with power of eminent domain) by exercise of any right of eminent domain or by appropriation and an acquisition by any Governmental Authority (or other Person with power of eminent domain) through a private purchase in lieu thereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Condemnation Action means any action or proceeding, however characterized or named, relating to any condemnation or other taking, or conveyance in lieu thereof, of all or any part of the Mortgaged Property, whether direct or indirect.

Condemnation Action means a taking by any Governmental Authority (or other Person with power of eminent domain) by exercise of any right of eminent domain or by appropriation or an acquisition by any Governmental Authority (or other Person with power of eminent domain) through a private purchase in lieu thereof.

Examples of Condemnation Action in a sentence

• Borrower shall pay to Lender all awards or proceeds of a Condemnation Action promptly upon receipt.

• No part of the Mortgaged Property has been taken in connection with a Condemnation Action.

• If the Authority or StadCo receives notice of any proposed or pending Condemnation Action affecting the Land or Project Improvements during the Project Term, the Party receiving such notice shall promptly notify the other Party thereof.

• All Condemnation Awards payable as a result of or in connection with any taking of the whole of the Land or Substantially All of the Project Improvements shall be paid and distributed in accordance with the provisions of Section 15.3, notwithstanding the division of the Condemnation Award by a court or condemning authority in a Condemnation Action.

• The provisions contained in this Article 11 shall survive the expiration or earlier termination of this Agreement, but only insofar as such provisions relate to any Condemnation Action or Condemnation Awards that arose prior to the expiration or earlier termination of this Agreement.

More Definitions of Condemnation Action

Condemnation Action has the meaning set forth in the Security Instrument.

Condemnation Action has the meaning defined in Section 4.4.2.

Condemnation Action has the meaning set forth in Section 12(a) hereof.

Condemnation Action has the meaning set forth in Section 6.9.

Condemnation Action means the taking of all or any portion of the Transmission Line as a result of the exercise of the power of eminent domain or condemnation for public or quasi-public use or the sale or conveyance of all or any portion of the Transmission Line under the threat or in lieu of condemnation.

Condemnation Action means Thurston County Superior Court Cause No. 06-2- 00310-9.

Condemnation Action means the occurrence of any of the following for the period of time, if any, that the performance of a Party’s material obligations under the Non-Relocation Agreement are actually, materially, and reasonably delayed or prevented thereby: any temporary or permanent taking by any Governmental Authority (or other Person with power of eminent domain) by exercise of any right of eminent domain or by appropriation and an acquisition by any Governmental Authority (or other Person with power of eminent domain) through private purchase in lieu thereof.