Common use of Allocation of Condemnation Award Clause in Contracts

Allocation of Condemnation Award. In the event of a permanent condemnation or taking of all or part of the Site, the District shall be entitled to any and all awards which may be made in such taking or condemnation relating to all interests, including the fee title, to the Site. Nothing contained in this Article 15 shall be deemed to give the District any interest in or to require CLCS Charter Schools to assign to the District any separate award as designated by the condemning authority made to CLCS Charter Schools for (i) the taking of CLCS Charter Schools’ tangible property, (ii) interruption of or damage to CLCS Charter Schools’ business, or (iii) amounts attributable to CLCS Charter Schools’ relocation expenses.

Appears in 2 contracts

Sources: Facilities Use Agreement, Facilities Use Agreement