This is the power of eminent domain.
<h3>What is
eminent domain?</h3>
The power of a state, provincial, or national government to take private property for public use is known as eminent domain, land acquisition, compulsory purchase/acquisition, resumption, resumption/compulsory acquisition, or expropriation.
When the government acquires a home or business through eminent domain, it actually destroys value. It transfers property from a higher-value use to a lower-value use, as evidenced by the government's unwillingness to pay the price required to obtain the property voluntarily.
The term "Event of Eminent Domain" refers to any governmental authority's compulsory transfer or taking, or transfer under threat of compulsory transfer or taking, of any material property or asset owned by the Operating Company or any Project Company.
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