Condemnation Value definition

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

Condemnation Value has the meaning set forth in Section 5.17.

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.

Examples of Condemnation Value in a sentence

• 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 Condemnation Value is $4,980,000 or less, (1) neither Purchaser nor Sellers shall have the right or option to terminate this Agreement pursuant to Section 10.01(b)(iii) and (2) there shall be no reduction in the amount of the Closing Purchase Price pursuant to this Section 7.02.

• If any Acquired Assets are taken by condemnation during the Interim Period and such Acquired Assets have a condemnation value (the “Condemnation Value”) that does not exceed ten percent (10%) of the Base Purchase Price, the Purchase Price shall be reduced by such Condemnation Value and such condemnation shall not affect the Closing.

• If the Condemnation Value exceeds ten percent (10%) of the Base Purchase Price, Buyer may elect, by written notice to Seller provided within sixty (60) days of the applicable Condemnation Event, to either reduce the Purchase Price by such Condemnation Value or terminate this Agreement.

• If the Condemnation Value is in excess of $49,800,000, then either Sellers or Purchaser may, by notice to the other Party, terminate this Agreement pursuant to Section 10.01(b)(iii).

More Definitions of Condemnation Value

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

Condemnation Value has the meaning set forth in Section 9.01(a).

Condemnation Value is defined in Section 5.10(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 is defined in Section 7.15(a).

Condemnation Value has the meaning provided such term in 0.