Common use of Damage, Destruction or Condemnation Clause in Contracts

Damage, Destruction or Condemnation. (a) Unless provided otherwise in the Credit Agreement or Bank Mode Credit Agreement, in the event that at any time during the term of this Agreement the whole or part of the Prior Project shall be damaged or destroyed, or taken or condemned by a competent authority for any public use or purpose, or by agreement between the Company and those authorized to exercise such right, or if the temporary use of the Prior Project shall be so taken by condemnation or agreement (a “Loss Event”);

Appears in 4 contracts

Samples: Loan Agreement (Agl Resources Inc), Loan Agreement (Agl Resources Inc), Loan Agreement (Agl Resources Inc)

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Damage, Destruction or Condemnation. (a) Unless provided otherwise in the Credit Agreement or Bank Mode Credit Agreement, in the event that at any time during the term of this Agreement the whole or part of the Prior Project shall be damaged or destroyed, or taken or condemned by a competent authority for any public use or purpose, or by agreement between the Company and those authorized to exercise such right, or if the temporary use of the Prior Project shall be so taken by condemnation or agreement (a “Loss Event”);

Appears in 1 contract

Samples: Loan Agreement (Agl Resources Inc)

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Damage, Destruction or Condemnation. (a) Unless provided otherwise in the Credit Agreement or Bank Mode Revolving Credit Agreement, in the event that at any time during the term of this Agreement the whole or part of the Prior Project shall be damaged or destroyed, or taken or condemned by a competent authority for any public use or purpose, or by agreement between the Company and those authorized to exercise such right, or if the temporary use of the Prior Project shall be so taken by condemnation or agreement (a “Loss Event”);

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure Corp)

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