Examples of Partial Condemnation in a sentence
If a Condemnation other than a Partial Condemnation, Beneficiary will be entitled to any award, judgment, or settlement, and Trustor agrees to immediately deliver to Beneficiary all proceeds of any such award, judgment, or settlement that may be received by Trustor.
Such termination shall be effective as of the date on which Lessee is required to vacate that portion of the Leased Premises subject to the Partial Condemnation.
Section 13.2 Partial Condemnation; Distribution of Award: Reconstruction.
In such event, Landlord may retain all Net Awards related to the Partial Condemnation or Casualty, and Tenant shall immediately pay Landlord an amount equal to the insurance deductible applicable to any Casualty.
In the event of the Condemnation of any portion of the Premises and such Partial Condemnation shall render the remaining portion of the Premises unsuitable for the business of Tenant, then this Lease shall cease and terminate as of the date of taking.