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Common use of Condemnation Proceeds Clause in Contracts

Condemnation Proceeds. Borrower shall pay to Lender all awards or proceeds of a Condemnation Action promptly upon receipt.

Appears in 8 contracts

Sources: Master Credit Facility Agreement (Steadfast Apartment REIT, Inc.), Master Credit Facility Agreement (Brookdale Senior Living Inc.), Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)

Parent Clauses

  • Condemnation
  • Collections
  • Eminent Domain
  • Reimbursement of Advances and Advance Interest
  • Exchanges of Exchangeable Certificates

Sub-Clauses

  • LANDLORD'S RIGHTS RELATING TO ASSIGNEE OR SUBTENANT
  • SUBLEASE AND ASSIGNMENT
  • Tenant Assignment
  • Landlord Assignment
  • Conditions of Tenant Assignment
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