Developable Land Sample Clauses

Developable Land. Acquire additional Developable Land during any period in which Borrower’s Debt Rating is not an Investment Grade Rating, unless the following conditions are continuously complied with:
Sample 1
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Developable Land. All land owned by the Borrower (a) on which Units may be constructed under applicable laws and regulations and described as "Land for Development" in the Borrower's financial statements, or (b) currently zoned to permit development of Units, specifically excluding, however, (a) Developed Lots, (b) Sold Units, (c) Unsold Units, and (d) any land on which the Agent determines that development is restricted under federal or state wetlands protection or other environmental statutes.
Sample 1
Developable Land. All Mortgaged Properties, subject to a first in priority Mortgage, (a) on which Units and Developed Lots may then be constructed or developed under applicable laws and regulations, (b) its intended use for a Project is permissible under the applicable regional plan, development agreement or applicable zoning, all of which have Vested status, and (c) the environmental or regional impact report for the intended use, if required, is Vested but, specifically excluding any land on which a Property Owner and the Agent reasonably agree that development is restricted under federal or state wetlands protection or other Environmental Laws. Developable Property. Developable Land and Developed Parcels and Amenities. Developable Property Book Value. The acquisition cost of a parcel of Developable Property. Developed Lot(s). Each of the platted subdivided lots and the Horizontal Improvements thereon located on Developable Land and which, under applicable laws and regulations, may be utilized as the site for a Unit, high-rise condominium or multi-family facility including specifically those lots (a) that are ready for construction of a Unit, high-rise condominium or multi-family facility and for which a building permit would then be issued to a Property Owner if applied for, (b) with construction of Units underway thereon or (c) with fully constructed Units situated thereon, but excluding lots under development that are not yet ready for construction of Units thereon. Developed Lot Book Value. The cost of each Developed Lot determined by allocating the acquisition cost and Developed Lot Costs of each Project (or parcel of land located therein) among the lots and other land (such as commercial, industrial, Amenities, etc.) located therein, which allocation shall exclude any marketing and corporate general and administrative
Sample 1
Developable Land. All land owned by the Borrower or a Borrower Subsidiary on which Units may be constructed under applicable laws and regulations and described as "Land for Development" and which is currently zoned to permit development of Units with all necessary approvals, specifically excluding, however, (a) Developed Lots, (b) Sold Units, (c) Unsold Units, (d) Land Work in Process, (e) Commercial Property and (f) any land on which the Agent determines that development is restricted under federal or state wetlands protection or other environmental statutes. Developed Lots. Each of the plotted subdivided lots having Horizontal Improvements for such lots constructed thereon owned by the Borrower or a Borrower Subsidiary which, under applicable laws and regulations and taking into account other factors affecting the possible use of such property, may be utilized as the site for a Unit, including specifically those lots that are ready for construction of a Unit and for which a building permit would then be issued to the Borrower if applied for but excluding (a) Unsold Units, (b) Sold Units, and (c) Land Work in Process.
Sample 1
Developable Land. The Borrowers shall be permitted to acquire additional Developable Land, provided that the following conditions are continuously complied with:
Sample 1
Developable Land. The components of the gross Developable Land on the Property are shown in Figure 5 and consist of:
Sample 1
Developable Land. Unless parts of this land are deeded to the City and become public land, right of way, or City Streets, and the City agrees to maintain such dedicated land, Developer will be responsible for operating and maintaining the Developable Land shown in Figure 4. Operations and Maintenance will include landscaping, cleaning, and capital repairs of onsite infrastructure such as streets, sidewalks, and street furniture, and of onsite sewer and water lines built by Developer.
Sample 1
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Related to Developable Land

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Unencumbered Properties Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.”

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Condominiums If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), or stock in a cooperative housing corporation, such condominium, cooperative or planned unit development project meets the eligibility requirements of Fxxxxx Mxx and Fxxxxxx Mac.

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information)

  • Real Property; Assets (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Zoning Borrower shall not initiate or consent to any zoning reclassification of any portion of the Property or seek any variance under any existing zoning ordinance or use or permit the use of any portion of the Property in any manner that could result in such use becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation, without the prior consent of Lender.

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