Common use of Condemnation Proceedings Clause in Contracts

Condemnation Proceedings. Notwithstanding any termination of this Agreement, (a) StadCo and the Authority each shall have the right, at its own expense, to appear in any Condemnation Action and to participate in any and all hearings, trials, and appeals therein and (b) subject to the other provisions of this Article 11, StadCo shall have the right in any Condemnation Action to assert a separate claim for, and receive all, Condemnation Awards for StadCo Personal Property taken or damaged as a result of such Condemnation Action, and any damage to, or relocation costs of, StadCo’s business as a result of such Condemnation Action, but not the value of StadCo’s leasehold interest in the Premises. Upon the commencement of any Condemnation Action during the Term, (i) the Authority shall undertake commercially reasonable efforts to defend against, and maximize the Condemnation Award from, any such Condemnation Action, (ii) the Authority shall not accept or agree to any conveyance in lieu of any condemnation or taking without the prior Approval of StadCo, and (iii) the Authority and StadCo shall cooperate with each other in any such Condemnation Action and provide each other with such information and assistance as each shall reasonably request in connection with such Condemnation Action.

Appears in 5 contracts

Samples: Stadium Lease Agreement, Stadium Lease Agreement, Stadium Lease Agreement

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Condemnation Proceedings. Notwithstanding any termination of this Agreement, (a) StadCo and the Authority each shall have the right, at its own expense, to appear in any Condemnation Action and to participate in any and all hearings, trials, and appeals therein and (b) subject to the other provisions of this Article 11, StadCo shall have the right in any Condemnation Action to assert a separate claim for, and receive all, Condemnation Awards for StadCo Personal Property taken or damaged as a result of such Condemnation Action, and any damage to, or relocation costs of, StadCo’s business as a result of such Condemnation Action, but not the value of StadCo’s leasehold interest in the Premises. Upon the commencement of any Condemnation Action during the Term, (i) the Authority shall undertake commercially reasonable efforts to defend against, and maximize the Condemnation Award from, any such Condemnation Action, (ii) the Authority shall not accept or agree to any conveyance in lieu of any condemnation or taking without the prior Approval of StadCo, and (iii) the Authority and StadCo shall cooperate with each other in any such Condemnation Action and provide each other with such information and assistance as each shall reasonably request in connection with such Condemnation Action.Action.‌

Appears in 4 contracts

Samples: Stadium Lease Agreement, Stadium Lease Agreement, Stadium Lease Agreement

Condemnation Proceedings. Notwithstanding any termination of this AgreementLease, (ai) StadCo Tenant and the Authority Landlord each shall have the right, at its own expense, to appear in any Condemnation Action and to participate in any and all hearings, trials, trials and appeals therein and (bii) subject to the other provisions of this Article 11XX, StadCo Tenant shall have the right in any Condemnation Action to assert a separate claim for, and receive all, Condemnation Awards all condemnation awards for StadCo Tenant’s Personal Property taken or damaged as a result of such Condemnation Action, and any damage to, or relocation costs of, StadCoXxxxxx’s business as a result of such Condemnation Action, but not . In the value event of StadCo’s leasehold interest in the Premises. Upon the commencement of any Condemnation Action during the TermAction, (i) the Authority Landlord shall undertake all commercially reasonable efforts to defend against, and maximize the Condemnation Award from, any such Condemnation Action, (ii) the Authority Landlord shall not accept or agree to any conveyance in lieu of any condemnation or taking without the prior Approval consent of StadCoTenant, which consent shall not be unreasonably withheld, delayed or conditioned, and (iii) the Authority Landlord and StadCo Tenant shall cooperate with each other in any such Condemnation Action and provide each other with such information and assistance as each shall reasonably request in connection with such Condemnation Action.

Appears in 2 contracts

Samples: Lease Agreement, Ground Lease Agreement

Condemnation Proceedings. Notwithstanding any termination of this Agreement, (a) StadCo StadCo, the Authority, and the Authority Leasehold Mortgagee each shall have the right, at its own expense, to appear in any Condemnation Action and to participate in any and all hearings, trials, and appeals therein and (b) subject to the other provisions of this Article 11, StadCo shall have the right in any Condemnation Action to assert a separate claim for, and receive all, Condemnation Awards for StadCo Personal Property taken or damaged as a result of such Condemnation Action, and any damage to, or relocation costs of, StadCo’s business as a result of such Condemnation Action, but not the value of StadCo’s leasehold interest in the Premises. Upon the commencement of any Condemnation Action during the Term, (i) the Authority shall undertake commercially reasonable efforts to defend against, and maximize the Condemnation Award from, any such Condemnation Action, (ii) the Authority shall not accept or agree to any conveyance in lieu of any condemnation or taking without the prior Approval of StadCoStadCo and Leasehold Mortgagee, and (iii) the Authority Authority, StadCo, and StadCo Leasehold Mortgagee shall cooperate with each other in any such Condemnation Action and provide each other with such information and assistance as each shall reasonably request in connection with such Condemnation Action.

Appears in 1 contract

Samples: Stadium Lease Agreement

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Condemnation Proceedings. Notwithstanding any termination of this AgreementLease, (ai) StadCo Tenant and the Authority Landlord each shall have the right, at its own expense, to appear in any Condemnation Action and to participate in any and all hearings, trials, trials and appeals therein and (bii) subject to the other provisions of this Article 11XX, StadCo Tenant shall have the right in any Condemnation Action to assert a separate claim for, and receive all, Condemnation Awards all condemnation awards for StadCo Tenant’s Personal Property taken or damaged as a result of such Condemnation Action, and any damage to, or relocation costs of, StadCoTenant’s business as a result of such Condemnation Action, but not . In the value event of StadCo’s leasehold interest in the Premises. Upon the commencement of any Condemnation Action during the TermAction, (i) the Authority Landlord shall undertake all commercially reasonable efforts to defend against, and maximize the Condemnation Award from, any such Condemnation Action, (ii) the Authority Landlord shall not accept or agree to any conveyance in lieu of any condemnation or taking without the prior Approval consent of StadCoTenant, which consent shall not be unreasonably withheld, delayed or conditioned, and (iii) the Authority Landlord and StadCo Tenant shall cooperate with each other in any such Condemnation Action and provide each other with such information and assistance as each shall reasonably request in connection with such Condemnation Action.

Appears in 1 contract

Samples: Ground Lease Agreement

Condemnation Proceedings. Notwithstanding any termination of this Agreement, (a) StadCo and the Authority each shall have the right, at its own expense, to appear in any Condemnation Action and to participate in any and all hearings, trials, and appeals therein and (b) subject to the other provisions of this Article 11, StadCo shall have the right in any Condemnation Action to assert a separate claim for, and receive all, Condemnation Awards for StadCo Personal Property taken or damaged as a result of such Condemnation Action, and any damage to, or relocation costs of, StadCo’s business as a result of such Condemnation Action, but not the value of StadCo’s leasehold interest in the Premises. Upon the commencement of any Condemnation Action during the Term, (i) the Authority shall undertake commercially reasonable efforts to defend against, and maximize the Condemnation Award from, any such Condemnation Action, (ii) the Authority shall not accept or agree to any conveyance in lieu of any condemnation or taking without the prior Approval of StadCo, and (iii) the Authority and StadCo shall cooperate cooperate‌ with each other in any such Condemnation Action and provide each other with such information and assistance as each shall reasonably request in connection with such Condemnation Action.

Appears in 1 contract

Samples: Stadium Lease Agreement

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