Condemnor Sample Clauses
The "Condemnor" clause defines the party, typically a governmental authority or entity, that has the legal power to take private property for public use through the process of eminent domain. In practical terms, this clause identifies who is responsible for initiating condemnation proceedings and outlines their rights and obligations during the process. For example, if a city needs to acquire land for a new road, the city would act as the Condemnor. The core function of this clause is to clearly designate the party with condemnation authority, thereby ensuring all parties understand who may exercise these rights and under what circumstances, which helps prevent disputes and confusion during property acquisition.
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Condemnor. Any public or quasi-public authority, or private corporation or individual, having the power of Condemnation.
Condemnor. “Condemnor,” as defined in the Emeritus Master Lease.
Condemnor. Any public or quasi-public authority, or private corporation or individual, having the power of condemnation. Construction Completion Agreement. The Agreement of Purchase and Sale and Construction Completion dated effective as of February 26, 2001, as amended, between Lessor as Seller, and Lessee as Purchaser, covering a portion of the Leased Properties.
Condemnor. Any public or quasi-public authority, or private corporation or individual, having the power of condemnation. Construction Completion Agreement. The Agreement of Purchase and Sale and Construction Completion dated effective as of February 26, 2001, as amended, between Lessor as Seller, and Lessee as Purchaser, covering a portion of the Leased Properties. Construction Funds: The Net Proceeds and such additional funds as may be deposited with Lessor by Lessee pursuant to Section 14.6 for restoration or repair work pursuant to this Lease. Contamination: The presence, Release or threatened Release of any Hazardous Materials at the Leased Properties in violation of any Environmental Law, or in a quantity that would give rise to any affirmative Clean-Up obligations under an Environmental Law, including, but not limited to, the existence of any injury or potential injury to public health, safety, natural resources or the environment associated therewith, or any other environmental condition at, in, about, under or migrating from or to the Leased Properties.