Common use of Condemnation Proceeds Clause in Contracts

Condemnation Proceeds. If the Project or any portion is condemned, any condemnation proceeds will be paid to OBDD and applied to prepay the outstanding balance of the Loan in accordance with section 4.D.(1).

Appears in 9 contracts

Sources: Financing Contract, Interim Financing Contract, Financing Contract

Condemnation Proceeds. If the Project or any portion is condemned, any condemnation proceeds will be paid to OBDD and applied to prepay the outstanding balance of the Loan in accordance with section 4.D.(1).4.D..

Appears in 2 contracts

Sources: Intergovernmental Agreement, Intergovernmental Agreement