Examples of Major Condemnation in a sentence
If, between the date hereof and the Closing, any condemnation or eminent domain proceedings are initiated which would result in the taking of all or any portion of the Unit, or any other portion of Citigroup Center other than a Major Condemnation, neither Seller nor Purchaser shall have the right to terminate this Agreement.
If a Major Condemnation occurs, this Agreement shall terminate, and no party to this Agreement shall have any claims, rights, obligations, or liabilities towards any other party arising after termination, other than as provided for herein.
If Tenant does not give notice of termination in accordance with this Section 3.2(c), then the Lease shall remain in full force and effect and there shall be no reduction or abatement of rent despite the Major Condemnation or Major Casualty.
If Purchaser does not give Seller written notice of its election within the time required above, or if the condemnation is not a Major Condemnation, then Purchaser shall be deemed to have elected option (ii) above.
If a Major Condemnation occurs, this Agreement shall terminate, and no Party shall have any claims, rights, obligations, or liabilities towards any other Party arising after termination, other than as provided for herein.