Eminent Domain Action

Eminent Domain Action. Corporate Offer to Sell Real Property for Tract 130-02 transmitted by letter dated December 9, 1998 from the United States Department of Interior, National Park Service to Chancellor Media Corp., a copy of which is attached hereto as Exhibit A ("Eminent Domain Action"); provided, however, that Buyer agrees to, in good faith, seek a settlement of, and as appropriate, vigorously contest and defend, any Eminent Domain Action, all in a manner subject to Seller's reasonable approval which such... approval shall not be unreasonably conditioned, withheld or delayed, and provided further that Seller's liability hereunder shall be reduced by the amount received by Buyer from any settlement, judgment or final award of any such Eminent Domain Action (collectively, "Government Award"). View More