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

• 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.

• 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.

• Reconveyance), StadCo shall have the right in any Condemnation Action to assert a separate claim for, and receive all, Condemnation Awards for StadCo Personal Property taken or damaged as a result of such Condemnation Action, and any damage to, or relocation costs of, StadCo’s business as a result of such Condemnation Action, but not the value of StadCo’s leasehold interest in the Premises.

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.