Examples of Event of Taking in a sentence

As of the Closing Date, no material Event of Loss or material Event of Taking of the Project or the Land has occurred or (in the case of material condemnation) is, to the Borrower’s Knowledge, threatened in writing or pending.

More Definitions of Event of Taking

Event of Taking means (A) taking of title to any System subject to a Lease --------------- Supplement, (B) any condemnation (other than a requisition for temporary use) or requisition for use of any System subject to a Lease Supplement for a period scheduled to last beyond the end of the Lease Term, or (C) taking of title to substantially all of the premises whereon or wherein Equipment in a System is located or to be located, in each case resulting in the loss of use or possession of substantially all of the Systems subject to a Lease Supplement, as reasonably determined in good faith by a Responsible Officer of Guarantor, such determination to be made promptly after the occurrence of such event and to be evidenced by an Officer's Certificate executed by such Responsible Officer and delivered to Certificate Trustee and Administrative Agent. Appendix 1 to Participation Agreement

Event of Taking means any taking, seizure, confiscation, requisition, exerciseof rights of eminent domain, public improvement, inverse condemnation, condemnation or similar action or threat of any such action of or proceeding by any Governmental Authority or other Person relating to all or any part of the Projects.

Event of Taking means any taking, seizure, confiscation, requisition, exercise of rights of eminent domain, inverse condemnation, condemnation or similar action of or proceeding by any Government Authority relating to all or any part of the Rio Grande Facility, any Facility comprising the Rio Grande Facility (including prior to the Start Date thereof) or the Land, or any portion thereof, or any other part of the Collateral.

Event of Taking means any taking, exercise of rights of eminent domain, public improvement, inverse condemnation, condemnation or similar action of or proceeding by any Governmental Authority relating to any material part of any Plant with respect to which any Funding has been made or is being requested, the Project, any Equity Interests of Pacific Holding or any Borrower that is the owner of a Plant with respect to which any Funding has been made or is being requested, or any other assets thereof.

Event of Taking means: any Condemnation, requisition, confiscation, seizure or other taking or sale of the use, occupancy or title to the Leased Property or the Site or any part thereof in, by or on account of any eminent domain proceeding or other action by any Authority or other Person under the power of eminent domain or otherwise or any transfer in lieu thereof (other than a requisition of temporary use) or requisition of use for a period scheduled to last beyond the Maturity Date or which in fact is continuing on the Maturity Date (even if not scheduled to last beyond the Maturity Date), in any case, resulting in the loss of use or possession of substantially all or a material portion of the Leased Property or the Site as reasonably determined in good faith by the Board of Directors of the Lessee, such determination to be made promptly after the occurrence of such event and to be evidenced by an Officer’s Certificate of the Lessee delivered promptly after the occurrence of such event to the Administrative Agent. For clarification, no Casualty, Condemnation or Event of Loss shall constitute an Event of Taking.

Event of Taking is defined in SECTION 11.2 of the Lease.