Condemnation Action means a taking by any Governmental Authority (or other Person with power of eminent domain) by exercise of any right of eminent domain or by appropriation and an acquisition by any Governmental Authority (or other Person with power of eminent domain) through a private purchase in lieu thereof.

Condemnation Action means any action or proceeding, however characterized or named, relating to any condemnation or other taking, or conveyance in lieu thereof, of all or any part of the Mortgaged Property, whether direct or indirect.

Condemnation Action means a taking by any Governmental Authority (or other Person with power of eminent domain) by exercise of any right of eminent domain or by appropriation or an acquisition by any Governmental Authority (or other Person with power of eminent domain) through a private purchase in lieu thereof.

Examples of Condemnation Action in a sentence

If the Authority or StadCo receives notice of any proposed or pending Condemnation Action affecting the Premises during the Term, the Party receiving such notice shall promptly notify the other Party thereof.
The provisions contained in this Article 11 shall survive the expiration or earlier termination of this Agreement, but only insofar as such provisions relate to any Condemnation Action or Condemnation Awards that arose prior to the expiration or earlier termination of this Agreement.
All Condemnation Awards payable as a result of or in connection with any taking of the whole of the Premises or Substantially All of the Improvements shall be paid and distributed in accordance with the provisions of Section 11.5, notwithstanding the division of the Condemnation Award by a court or condemning authority in a Condemnation Action.
The application of any awards or proceeds of a Condemnation Action to the Indebtedness shall not extend or postpone the Maturity Date, or the due date or the full payment of any Monthly Debt Service Payment, Monthly Replacement Reserve Deposit, or any other installments referred to in this Loan Agreement or in any other Loan Document.
The provisions contained in this Article 15 shall survive the expiration or earlier termination of this Agreement, but only insofar as such provisions relate to any Condemnation Action or Condemnation Awards that arose prior to the expiration or earlier termination of this Agreement.

More Definitions of Condemnation Action

Condemnation Action has the meaning set forth in the Security Instrument.

Condemnation Action has the meaning defined in Section 4.4.2.

Condemnation Action has the meaning set forth in Section 12(a) hereof.

Condemnation Action has the meaning set forth in Section 6.9.

Condemnation Action means the taking of all or any portion of the Transmission Line as a result of the exercise of the power of eminent domain or condemnation for public or quasi-public use or the sale or conveyance of all or any portion of the Transmission Line under the threat or in lieu of condemnation.

Condemnation Action means Thurston County Superior Court Cause No. 06-2- 00310-9.

Condemnation Action means the lawsuit commenced by the JCRA on August 26, 2004 by the filing of a Verified Complaint in Condemnation and Declaration of Taking against Ronald Kerrigan, Kathy Kerrigan, Lynn Kerrigan, Kerrigan Investment Company, Inc. and others for the acquisition of an approximately 3.415 acre parcel of land designated as Block 60, Lot W26B on the tax map of the City of Jersey City, with respect to which a final judgment was entered in favor of the Kerrigan Family on February 6, 2009 in the amount of $18.6 million plus interest.