Condemnation Value definition

Condemnation Value has the meaning given to it in Section 7.6.

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Condemnation Value has the meaning set forth in Section 5.17.

Condemnation Value has the meaning ascribed thereto in Section 8.02(a).

Examples of Condemnation Value in a sentence

Seller and Purchaser shall use reasonable efforts to cause the qualified firm that is selected to determine the Condemnation Value to make such determination promptly following such firm’s selection, but in any event not later than ten (10) days following such firm’s selection.
Seller shall provide Purchaser notice of its election within five (5) Business Days after the qualified firm selected to determine the Condemnation Value notifies Seller and Purchaser of the amount of the Condemnation Value.
Seller has received no written notice from any Governmental Authority of any pending or threatened proceeding to condemn or take by power of eminent domain or otherwise, by any Governmental Authority, all or any part of the Acquired Assets having a Condemnation Value exceeding the Condemnation Threshold.
If the Second Closing or the Second End Date is expected to occur prior to the finalization of the Second Closing Condemnation Value, then the Second Closing Date shall be extended, if necessary, to no earlier than the 15th Business Day after such Second Closing Condemnation Value is finalized and the Second End Date shall be extended to no earlier than the 17th Business Day after such Second Closing Condemnation Value is finalized.
Seller shall either (i) replace the assets that are subject to the condemnation proceeding with reasonably comparable assets and, if applicable, reduce the applicable Purchase Price by the portion of the Condemnation Value attributed to any lost net revenues reasonably expected to accrue after the applicable Closing as a result of such condemnation proceeding or (ii) reduce the Purchase Price by such Condemnation Value.

More Definitions of Condemnation Value

Condemnation Value shall have the meaning specified in Section 6.14(a).

Condemnation Value means the value (as determined by an Acceptable Appraiser) of the property subject to a Taking, less any condemnation award received by EME or any of an Acquired Company.

Condemnation Value means the amount of decrease in value of the Purchased Assets (net of and after giving effect to any condemnation award actually received by Seller and used to replace such Purchased Assets) plus the amount of any lost profits reasonably expected to accrue after Closing as a result of a Condemnation (such aggregate condemnation value and amount of lost profits with respect to any Purchased Assets as determined by an independent qualified firm reasonably acceptable to Purchaser and the Seller Representative).

Condemnation Value means the amount of decrease in value of a material asset or property (net of, and after giving effect to, any condemnation award actually received by any member of the Company Group and used to replace such condemned material asset or property) plus the amount of any lost profits reasonably expected to accrue after Closing as a result of a Condemnation (such aggregate condemnation value and amount of lost profits with respect to any material asset or property as determined by an independent qualified firm reasonably acceptable to Purchaser and the Shareholder Representative). To assist Purchaser in its evaluation of any and all Condemnation (including Condemnation Value), the Company shall provide Purchaser such access to the properties and assets and such information as Purchaser may reasonably request in connection therewith.

Condemnation Value is defined in Section 5.10(a).

Condemnation Value means the amount of decrease in value of the Transferred Assets (net of and after giving effect to any condemnation award actually received by Seller, to the extent used to replace such Transferred Assets), as mutually agreed in good faith by the Seller and Buyer.

Condemnation Value has the meaning set forth in Section 11.9(a).