Minor Condemnation definition

Minor Condemnation means a Condemnation that is not a Major Condemnation.
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Minor Condemnation means any Condemnation other than a Major Condemnation.
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Minor Condemnation means any Condemnation of the Property that is not a Total Taking of the Property.
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Examples of Minor Condemnation in a sentence

  • If a Minor Condemnation occurs or the use or occupancy of the Project or any part thereof is temporarily requisitioned by a civil or military governmental authority, then (a) this Agreement shall continue in full force and effect; (b) Developer shall promptly perform all Restoration required in order to repair any physical damage to the Project caused by the Condemnation, and to restore the Project, to the extent reasonably practicable, to its condition immediately before the Condemnation.

  • If (a) after any repair, restoration or rebuilding required to be undertaken by Lessor as a result of a Casualty or Minor Condemnation or (b) as a result of Lessor’s or Lessee’s termination of this Lease as a result of a Casualty, there is a permanent reduction in the rentable square feet of the Property available to or occupied by Lessee, then the Base Rent shall be proportionately reduced from the date of determination of such permanent reduction through the end of the Lease Term.

  • The proportionate reduction shall be computed on the basis that the rentable square feet of the Property from time to time available to Lessee after the Casualty or Minor Condemnation or partial termination of this Lease bears to the aggregate rentable square feet of the Property prior to the Casualty or Minor Condemnation or partial termination of this Lease.

  • If a Condemnation covered by any of the Policies (an “Insured Condemnation”) occurs where the loss does not exceed One Hundred Thousand and No/100 Dollars ($100,000.00) (a “Minor Condemnation”), provided no Default or Event of Default has occurred and is continuing, Borrower has the power to collect, receive and retain any award or payment in respect of a Minor Condemnation.


More Definitions of Minor Condemnation

Minor Condemnation means any Condemnation of the Property (including the parking structures) that is not a Substantial Taking of the Property.
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Minor Condemnation the meaning set forth in Section 7.5(d)(ii).
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Minor Condemnation means a loss to the extent that the costs of repair or other restoration do not exceed the lesser of (i) 15% of such appraised value and (ii) $500,000; and "Total Loss" shall mean a loss with respect to which replacement cost of the Improvements and personal property is greater than or equal to 80% of such appraised value of such Improvements and personal property.
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Minor Condemnation means a Condemnation that is not a Major Condemnation. “Mortgage” means a mortgage or deed of trust on all or any part of Owner's interest in the Project.
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Related to Minor Condemnation

  • 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.

  • Casualty Event means any event that gives rise to the receipt by the Company or any Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property.

  • Loss Event means (A) an annual pre-tax loss at GS Inc. or (B) annual negative revenues in one or more reporting segments as disclosed in the Firm’s Form 10-K other than the Investing & Lending segment, or annual negative revenues in the Investing & Lending segment of $5 billion or more, provided in either case that you are employed in a business within such reporting segment.