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.

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 has the meaning set forth in the Security Instrument.

Examples of Condemnation Action in a sentence

• Both Parties agree that absent unforeseen and extraordinary circumstances it is in their mutual interest for the Authority to oppose, and cooperate with StadCo and Leasehold Mortgagee, at StadCo’s expense, in StadCo’s opposition to, any such Condemnation Action.

• The provisions contained in this Article 11 (Possession of Title to Real Property; Option to Purchase; Eminent Domain) 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.

• The Authority shall not commence, consent to or acquiesce to any Condemnation Action concerning the Premises for any public or private purpose without the prior Approval of StadCo and Leasehold Mortgagee.

• All Condemnation Awards payable as a result of or in connection with any taking of the whole of the Premises or Substantially All of the Improvements shall be paid and distributed in accordance with the provisions of Section 11.6 (Allocation of Award), notwithstanding the division of the Condemnation Award by a court or condemning authority in a Condemnation Action.

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

More Definitions of Condemnation Action

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 has the meaning set forth in Section 8(a) of this Exhibit C.

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

Condemnation Action means the lawsuit commenced by the JCRA on August 26, 2004 by the filing of a Verified Complaint in Condemnation and Declaration of Taking against Ronald Kerrigan, Kathy Kerrigan, Lynn Kerrigan, Kerrigan Investment Company, Inc. and others for the acquisition of an approximately 3.415 acre parcel of land designated as Block 60, Lot W26B on the tax map of the City of Jersey City, with respect to which a final judgment was entered in favor of the Kerrigan Family on February 6, 2009 in the amount of $18.6 million plus interest.