Condemnee definition
Examples of Condemnee in a sentence
Condemnor shall defend, indemnify and hold Condemnee harmless from and against any suit, action, cost, expense, damage or liability which arises out of or results from or is alleged to arise out of or result from Condemnor's exercise of its rights under this paragraph.
The procedures shall also expressly provide for the payment directly to Condemnee in accordance with the terms of this Agreement and the Consent Order, as well as setting dates certain for those additional parties, if any, that Condemnor, in its sole discretion, may elect to name and serve, to apply to the Court for compensation for the taking of their interests or otherwise assert their rights in the Action.
The physical aspects of the Facilities are in good operating condition and will be maintained in good operating condition for use in the ordinary course of business, normal wear and tear and damage by casualty excepted and are being utilized in the conduct of business by Condemnee.
Neither this Agreement nor any of the rights or obligations hereunder may be assigned by either Condemnee or Condemnor.
From time to time after the Closing, at Condemnor's or Condemnee's request, and at the requesting party's expense and without further consideration, Condemnee or Condemnor, as the case may be, shall execute and deliver such other instruments of conveyance and transfer and take such other action as Condemnor or Condemnee may reasonably request to more effectively consummate the transactions contemplated by this Agreement.