Condemnation of Property. In the event of any condemnation or sale in lieu of condemnation of all or any portion of the Property Seller will assign to Purchaser any and all claims for the proceeds of such condemnation or sale to the extent the same are applicable to the Property, and Purchaser will take title to the Property with the assignment of such proceeds and subject to such condemnation and without reduction of the Purchase Price.
Appears in 2 contracts
Sources: Agreement of Sale and Acquisition of Beneficial and Equitable Ownership Interests in Real Property (Mack Cali Realty Corp), Purchase and Sale Agreement (Mack Cali Realty L P)