Condemnation Repair Work definition

Condemnation Repair Work shall have the meaning set forth in Section 15.2 of this Agreement.

Condemnation Repair Work. With respect to any Condemnation Repair Work exceeding the cost of Twenty Million and No/100 Dollars ($20,000,000.00),the Authority shall have the right to (i) Approve the general contractor and lead architect, if any, selected by XxxxXx to perform the Condemnation Repair Work, (ii) approve the terms of the contracts with the general contractor and lead architect, if any, selected by XxxxXx to perform the Condemnation Repair Work, (iii) approve all contracts requiring payment greater than Ten Million and No/100 Dollars ($10,000,000.00) recommended by StadCo to be entered into by StadCo for the Condemnation Repair Work, and (iv) engage an independent construction representative to review the Condemnation Repair Work, the cost of such representative shall be shared equally between StadCo and the Authority. To the extent any Condemnation Repair Work is not performed by StadCo’s employees, such Condemnation Repair Work must be performed on an arm’s-length, bona fide basis by Persons who are not Affiliates of StadCo and on commercially reasonable terms given the totality of the then-existing circumstances.

Condemnation Repair Work. With respect to any Condemnation Repair Work exceeding the amount of Twenty Million and No/100 Dollars ($20,000,000.00), the Authority shall have the right to (xi) Approve the terms of the contracts with the general contractor and lead architect, if any, to perform the Condemnation Repair Work, (yii) Approve all contracts requiring payment greater than Ten Million and No/100 Dollars ($10,000,000.00) recommended by StadCo to be entered into by StadCo for the Condemnation Repair Work, and (ziii) engage an independent construction representative to review the Condemnation Repair Work, the cost of such representative shall be shared equally between StadCo and the Authority. To the extent any Condemnation Repair Work is not performed by StadCo’s employees, such Condemnation Repair Work must be performed on an arm’s-length, bona fide basis by Persons who are not Affiliates of StadCo and on commercially reasonable terms given the totality of the then-existing circumstances.

Examples of Condemnation Repair Work in a sentence

• To the extent any Condemnation Repair Work is not performed by StadCo’s employees, such Condemnation Repair Work must be performed on an arm’s-length, bona fide basis by Persons who are not Affiliates of StadCo and on commercially reasonable terms given the totality of the then-existing circumstances.

• To the extent any Condemnation Repair Work is not performed by StadCo’s employees, such Condemnation Repair Work must be performed on an arm’s-length, bona fide basis by Persons who are not Affiliates of StadCo and on commercially reasonable terms given the totality of the then- existing circumstances.

• The Condemnation Award payable to Tenant pursuant to this Section 20.2.1 shall be paid to Tenant and applied by Tenant in the following order of priority: (i) payment of all costs of Condemnation Repair Work (“Condemnation Expenses”) in excess of Landlord’s Condemnation Award and (ii) paying any remainder to Tenant.

• To the extent any Condemnation Repair Work is not performed by Bristol’s employees, such Condemnation Repair Work must be performed on an arm’s-length, bona fide basis by Persons who are not Affiliates of Bristol and on commercially reasonable terms given the totality of the then-existing circumstances.

• Landlord shall be obligated to make payment, disbursement, reimbursement or contribution toward the costs of Condemnation Repair Work (“Condemnation Expenses”) in an amount up to Landlord’s Condemnation Award and all Condemnation Expenses in excess of Landlord’s Condemnation Award shall be paid by Tenant.

• To the extent any Condemnation Repair Work is not performed by Brxxxxx’s employees, such Condemnation Repair Work must be performed on an arm’s-length, bona fide basis by Persons who are not Affiliates of Bristol and on commercially reasonable terms given the totality of the then-existing circumstances.

• Landlord shall be obligated to make payment, disbursement, reimbursement or contribution toward the costs of Condemnation Repair Work (“Condemnation Expenses”) in an amount up to Landlord’s Condemnation Award and all Condemnation Expenses in excess of Landlord’s Condemnation Award shall be paid by Xxxxxx.

More Definitions of Condemnation Repair Work

Condemnation Repair Work. With respect to any Condemnation Repair Work exceeding the cost of Twenty Million and No/100 Dollars ($20,000,000.00),the Authority shall have the right to

Condemnation Repair Work has the meaning set forth in Section 20.2.2.

Condemnation Repair Work shall have the meaning set forth in Section 23.2. “Construction Funds Trust Agreement” shall mean the Construction Funds Trust Agreement by and among (i) the Authority, (ii) StadCo, (iii) the State of Tennessee, acting through its Department of Finance & Administration, (iv) Xxxxx Xxxx LaSalle America, Inc., in its capacity as construction monitor thereunder, and (v) Regions Bank, an Alabama state banking corporation, not individually but solely as trustee thereunder to establish such accounts and to accept, hold, track, and disburse various contribution amounts, and other trust funds deposited with it and the earnings thereon in accordance with the terms of such agreement.

Condemnation Repair Work. With respect to any Condemnation Repair Work exceeding the amount of Five Million and No/100 Dollars ($5,000,000.00), the Authority shall have the right to (i) Approve the terms of the contracts with the general contractor and lead architect, if any, to perform the Condemnation Repair Work,