Expropriation or Condemnation Sample Clauses

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Expropriation or Condemnation. In the event that the whole or any part of the Premises shall be expropriated or condemned by any competent authority for any public use or purpose during the initial Term of this Lease, or any renewal Term hereof, Tenant shall have the right to prosecute its claim or claims against the governmental agency which is expropriating or condemning the premises for any award based upon its leasehold interest for such expropriation or condemnation and for relocation expenses. In the event of such expropriation or condemnation of all or substantially all of the Premises or so much of the improved portion thereof as to render the balance thereof impractical for the use of Tenant, as Tenant in its sole discretion shall determine, this Lease shall terminate thirty (30) days after Tenant so notifies Landlord. Tenant shall be entitled to receive all proceeds from such expropriation or condemnation attributable to Tenant's property and improvements.
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Expropriation or Condemnation. There is no present or threatened (in writing) expropriation or condemnation of (i) any material property or assets of Las Chispas Mine or (ii) any other property or assets of any Obligor which expropriation or condemnation would reasonably be expected to have a Material Adverse Effect.
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Expropriation or Condemnation. There is no present or threatened (in writing) expropriation or condemnation of (i) any material property or assets of the Camino Rojo Project or (ii) any other property or assets of any Obligor which expropriation or condemnation would reasonably be expected to have a Material Adverse Effect.
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Expropriation or Condemnation. There is no present or threatened (in writing) expropriation or condemnation of the property or assets of any Obligor.
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Expropriation or Condemnation. There is no present or threatened (in writing) expropriation or condemnation of (i) any material property or assets of the Material Mines or (ii) any other property or assets of any Obligor which expropriation or condemnation would reasonably be expected to have a Material Adverse Effect.
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Expropriation or Condemnation. If at any time during the Term the whole or a portion of the Leased Premises is expropriated or taken by right or exercise by any competent Authority of powers of expropriation or condemnation, the parties hereto shall each be entitled to separately advance their claims for compensation for the loss of their respective interest in the Leased Premises and shall be entitled to receive and obtain such compensation as may be awarded to each respectively. If an award of compensation made to the Landlord specifically includes an award for the Tenant, the Landlord will account therefor to the Tenant and if an award of compensation made to the Tenant specifically includes an award for the Landlord, the Tenant will account therefor to the Landlord. Upon termination of the Lease by expropriation or other operation of law, the Tenant shall forthwith pay to the Landlord the Rent, and all other sums 29. which may be due to the Landlord up to the date of such termination. The Tenant shall have no claim upon the Landlord for the value of its property expropriated or taken or for the unexpired Term of the Lease, or for any other damage, cost, loss or expense whatsoever. The Landlord and Tenant agree to co-operate one with the other in respect of any expropriation or condemnation of all or any part of the Leased Premises so that each may receive the maximum award to which it is entitled in law.
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Expropriation or Condemnation. Section 15.1 If as the result of a taking by expropriation or condemnation or similar legal action of an Authority (a) all of the Premises, or so much thereof as renders the Premises wholly unusable by Tenant, is taken, (b) a portion of the Building or the Land is taken, resulting in Tenant no longer having reasonable access to or use of the Premises, (c) all or substantially all of the Building or the Land is taken or (d) a portion of the Building is taken resulting in Landlord’s determination to demolish or substantially renovate the Building, the Term shall expire on the date of the vesting of title. In that event, the Rent shall be apportioned as of the date of termination and any Rent paid by Tenant to Landlord for any period after that date shall be promptly refunded by Landlord to Tenant. Section 15.2 Each party shall have the right to claim and recover from the expropriating Authorities such compensation as may be separately awarded or recoverable. Landlord and Tenant agree to inform each other fully as to their respective claims for compensation made by them in the event of any expropriation and not to claim compensation on any basis inconsistent with this Lease and to reasonably cooperate with each other in the prosecution of any proper separate claims. Neither party shall compromise the claim of the other party without its prior written consent. Section 15.3 If a taking does not result in the termination of this Lease (a) Landlord shall, at Landlord’s expense, as soon as practicable, subject to receipt of compensation award from the expropriating authority, restore that part of the Premises, the Building or the Land not taken, so that the Premises are usable which restoration shall, as necessary, include providing alternative means of ingress, egress, and other common areas, and (b) from and after the date Tenant is required by Law to vacate by reason of such taking, the Rent shall be reduced in the same proportion as the area of the Premises, if any, which was taken. Section 15.4 For greater certainty, the parties confirm that in the event this Lease is terminated due to expropriation or condemnation under this Article 15, no Early Termination Fee is payable to Tenant, and the Escrow Agent shall, in such circumstances, be instructed to release and remit the Early Termination Fee funds to Landlord.
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Expropriation or Condemnation. There is no present or threatened (in writing to the Borrower) Event of Eminent Domain of the property or assets of any Borrower Group Member or Equity Interests in any Borrower Group Member (but no representation is made as to any Equity Interest in the Project Company not owned by the Borrower).
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Expropriation or Condemnation. If, during the term hereby granted or any renewal thereof, the demised premises or the means of ingress or egress thereto and therefrom shall be expropriated, taken or condemned (all of which is hereinafter called "expropriation") by any competent authority for any use or purpose, resulting in total or substantial destruction, then this Sub-Lease shall terminate as at the date such expropriation, which date shall be the date of vesting of title in the expropriating authority or the commencement of demolition, whichever shall first occur, and the rent including any additional rent payable by the Sub-Tenant shall be apportioned, and be paid by the Sub-Tenant to the date thereof. In such event, the Sub-Landlord and the Sub-Tenant shall each be entitled to receive from the award or compensation for the demised premises the value of their respective interest therein.
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Related to Expropriation or Condemnation

  • Casualty or Condemnation If, prior to the Closing, the Improvements or any material portion thereof (having a replacement cost equal to or in excess of $100,000 are damaged or destroyed by fire or casualty, or are taken by eminent domain by any governmental entity, and Seller is unable to restore such damage or destruction prior to the Closing Date in the case of a casualty, then Buyer shall have the option, exercisable by written notice given to Seller at or prior to the Closing, to terminate this Agreement, whereupon all obligations of all parties hereto shall cease, the Deposit shall be returned to Buyer, and this Agreement shall be void and without recourse to the parties hereto except for provisions which are expressly stated to survive such termination. If Buyer does not elect to terminate this Agreement as aforesaid or if such damage or destruction or taking has a replacement cost or is in an amount of less than $100,000, Buyer shall proceed with the consummation of the Closing (to the extent then otherwise obligated to do so) without reduction or offset of the Purchase Price, and in such case, unless the Seller shall have previously restored the Real Property to its condition prior to the occurrence of any such damage or destruction, Seller shall pay over or assign to Buyer all amounts received or due from, and all claims against, any insurance company or governmental entity as a result of such destruction or taking, and Seller shall pay the applicable deductible amount under the insurance maintained by Seller. In the event of any such casualty or condemnation, Seller agrees to (a) provide Buyer with copies of all written communications between Seller or the Partnership and their insurance carriers or the applicable governmental authorities, as applicable, the subject matter of which is the adjustment of insurance proceeds or condemnation awards, and (b) allow Buyer to review and make comments to any proposed settlement arrangement proposed to be entered into by Seller or the Partnership with any such third party; provided, that after the Inspection Period, if Buyer has not terminated this Agreement, Seller shall not enter into any settlement arrangement concerning casualty or condemnation in excess of $50,000 without obtaining the prior written consent of Buyer, which consent may be granted or withheld in Buyer’s sole discretion.

  • Condemnation As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.