Partial Taking definition
Partial Taking means the taking of only a portion of the Premises which does not constitute a Total Taking; (4) "Date of Taking" means the date upon which the title to the Premises, or a portion thereof, passes to and vests in the condemnor or the effective date of any order for possession if issued prior to the date title vests in the condemnor; and (5) "Award" means the amount of any award made, consideration paid, or damages ordered as a result of a Taking.
Partial Taking means any Taking (including any damaging) of a portion of the Premises, the Common Area, or any Improvements or parking thereon which is not a Total Taking.
Partial Taking. As defined in Section 15.1(b).
Examples of Partial Taking in a sentence
Following any prepayment in the event of a Partial Taking pursuant to the immediately preceding sentence, the Allocated Loan Amount for such Mortgaged Property shall be reduced on a Dollar for Dollar basis by the principal amount of such prepayment.
More Definitions of Partial Taking
Partial Taking means any taking of the Premises or Improvements that is neither a Total Taking nor a Substantial Taking.
Partial Taking means the taking of only a portion of the Premises which does not constitute a Total Taking.
Partial Taking means any taking of fee title that is not a Total Taking.
Partial Taking means any Taking which does not constitute a Significant Taking.
Partial Taking means the taking of only a portion of the premises or the Building which does not constitute a total taking as above defined.
Partial Taking means the acquisition of a parcel of property.
Partial Taking means any Condemnation of a Facility or any portion thereof that is not a Complete Taking.