Common use of Damage or Condemnation Clause in Contracts

Damage or Condemnation. In the event the Facility is totally or substantially destroyed by fire, explosion, flood, windstorm, hail, earthquake, hurricane, tornado, or other casualty or act of God, or in the event all or a substantial portion of the Facility and the premises on which it is situated is taken or to be taken by condemnation or eminent domain proceeding, then either party may by written notice to the other immediately terminate this Agreement.

Appears in 3 contracts

Sources: Full Service Management Agreement (Dynacq International Inc), Full Service Management Agreement (Dynacq International Inc), Full Service Management Agreement (Dynacq International Inc)

Damage or Condemnation. In the event the Facility is totally or substantially destroyed by fire, explosion, flood, windstormwindstrom, hail, earthquake, hurricane, tornado, or other casualty or act of God, or in the event all or a substantial portion of the Facility and the premises on which it is situated is taken or to be taken by condemnation or eminent domain proceeding, then either party may by written notice to the other immediately terminate this Agreement.

Appears in 1 contract

Sources: Full Service Management Agreement (Dynacq International Inc)

Damage or Condemnation. In the event the Facility is totally or substantially destroyed by fire, explosion, flood, windstorm, hail, earthquake, hurricane, tornado, or other 9 casualty or act of God, or in the event all or a substantial portion of the Facility and the premises on which it is situated is taken or to be taken by condemnation or eminent domain proceeding, then either party may by written notice to the other immediately terminate this Agreement.

Appears in 1 contract

Sources: Full Service Management Agreement (Dynacq International Inc)