Condemnation Value definition

Condemnation Value has the meaning given to it in Section 7.6.

Condemnation Value has the meaning set forth in Section 5.17.

Condemnation Value means the amount of decrease in value of the Transferred Assets (net of and after giving effect to any condemnation award actually received by Seller, to the extent used to replace such Transferred Assets), as mutually agreed in good faith by the Seller and Buyer.

Examples of Condemnation Value in a sentence

• Seller has received no written notice from any Governmental Authority of any pending or threatened proceeding to condemn or take by power of eminent domain or otherwise, by any Governmental Authority, all or any part of the Acquired Assets having a Condemnation Value exceeding the Condemnation Threshold.

• After the SGA Legislature approves a budget, it is submitted to the Student Activities Committee.

• If the Condemnation Value exceeds ten percent (10%) of the Base Purchase Price, Buyer may elect, by written notice to Seller provided within sixty (60) days of the applicable Condemnation Event, to either reduce the Purchase Price by such Condemnation Value or terminate this Agreement.

• If Sellers do not make any such election by the end of the period ending on the earlier of the date that is (x) forty five (45) days after the date of such Condemnation and (y) sixteen (16) Business Days prior to the Termination Date, Purchaser may elect to either (x) terminate this Agreement pursuant to Section 10.01(b)(iii) within ten (10) Business Days after such period by written notice to Sellers or (y) reduce the Closing Purchase Price by the aggregate Condemnation Value related to such Condemnation.

• If the Condemnation Value is in excess of $49,800,000, then either Sellers or Purchaser may, by notice to the other Party, terminate this Agreement pursuant to Section 10.01(b)(iii).

More Definitions of Condemnation Value

Condemnation Value has the meaning ascribed thereto in Section 8.02(a).

Condemnation Value shall have the meaning specified in Section 6.14(a).

Condemnation Value is defined in Section 5.10(a).

Condemnation Value means the value (as determined by an Acceptable Appraiser) of the property subject to a Taking, less any condemnation award received by EME or any of an Acquired Company.

Condemnation Value has the meaning set forth in Section 8.3(b)(ii).

Condemnation Value has the meaning set forth in Section 5.04(b). “Cure Period” has the meaning set forth in Section 6.01(c).

Condemnation Value means an amount that is equal to the sum of: (a) the value of the Purchased Assets taken by condemnation during the Interim Period, in a condemnation proceeding (as determined by the Independent Architect), and (b) to the extent not included in the preceding clause (a), the amount of any lost net revenues reasonably expected to accrue after the Closing as a result of such condemnation of such Purchased Assets (net of and after giving effect to any condemnation award proceeds to be paid to the Acquired Companies and any Tax benefits to the Acquired Companies related thereto and grossed up and after giving effect to any Tax costs to the Acquired Companies related thereto).