Condemnation of Part. In the event of a Condemnation Action affecting less than the whole or substantially all of the Facility and the Facility Site, the Term shall not be reduced or affected in any way. The Condemnation Award shall be paid into the Project Account, and the Management Committee shall promptly thereafter decide on a course of action with respect to disposition of such monies and any actions required with respect to the remainder of the Facility and/or Facility Site, subject to the provisions of the Financing Documents.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Cleco Corp), Limited Liability Company Agreement (Cleco Corp)