Taking Defined. For the purpose of this Article, all references to a taking, or to a taking having had occurred, shall include a negotiated sale or lease and transfer of possession to a condemning authority under bona fide threat of condemnation for public use. Landlord alone shall have the right to negotiate with the condemning authority and conduct and settle all litigation connected with the condemnation. As used in this Article, the words “award or damages” shall, in the event of such sale or settlement, include the purchase or settlement price.
Appears in 2 contracts
Sources: Office Lease (Ncino, Inc.), Office Lease (Ncino, Inc.)