Condemnation Actions definition

Condemnation Actions 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, but shall not include the dedication of any portion of the Leased Premises necessary to obtain Governmental Authorizations or to comply with any other Applicable Law respecting the construction of any Improvements on the Leased Premises.
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Condemnation Actions means the following state court condemnation lawsuits filed on July 31, 2020 pursuant to which FLTF, on behalf of the Counties, sought to acquire, without limitation, the HoldCo Dam Properties and certain other properties owned by BM: County of Gladwin v. Sanford Hydro Property, LLC, et al., Case No. 20-10509-CC pending in the Circuit Court of Gladwin County,{00882754.1} 7Michigan and County of Midland v. Sanford Hydro Property, LLC, et al., Case No. 20-7191-CC pending in the Circuit Court of Midland County, Michigan (collectively, the “Condemnation Actions”).
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Condemnation Actions means a taking by any Government 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 Government Authority (or other Person with power of eminent domain) through a negotiated purchase in lieu thereof.
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Examples of Condemnation Actions in a sentence

  • For purposes of this Article XX, “Substantially All of the Complex Site” shall be deemed to have been taken if, by reason of the taking of title to or possession of the Complex Site or any portion thereof by Condemnation Actions, an Inoperable Condition exists or is reasonably expected to exist for longer than one (1) year.

  • If the whole or any part of the Complex Site shall be taken in Condemnation Actions for a temporary use or occupancy of one (1) year or less, the Term shall not be reduced, extended or affected in any way.


More Definitions of Condemnation Actions

Condemnation Actions has the meaning set forth in Section 4.07(c).
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Related to Condemnation Actions

  • Condemnation means a temporary or permanent taking by any Governmental Authority as the result or in lieu or in anticipation of the exercise of the right of condemnation or eminent domain, of all or any part of the Property, or any interest therein or right accruing thereto, including any right of access thereto or any change of grade affecting the Property or any part thereof.

  • Condemnation Award means all proceeds of any Condemnation or transfer in lieu thereof.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.