Exchange of Land Sample Clauses

Exchange of Land. ARTICLE 1 Because of the construction works to be performed in order to prevent floods from the rise in the water level of Meric-Evros River, some sectors of the borderline shall be modified. Therefore, it has become necessary to exchange some land in the said sectors. In order to accomplish this exchange, the borderline determined by the Joint Border Commission, established during 1925-1926 in accordance with the Lausanne Treaty, shall be taken as the basis. The land to be exchanged between the two countries shall be equal in area and in case of an ultimate exchange the values of the lands exchanged shall be taken into consideration. ARTICLE 2 It was found appropriate to perform the land exchange in two stages. In the first stage, a portion of the land in the Enez sector and the portion of the land in the Ferre sector shall be mutually exchanged. In this manner, the borderline existing in the form of a river in this sector shall be significantly converted to a land border. The area of the land to be exchanged in the first stage shall be equal. The final determination of the borderline shall be in the second stage and shall be in the following manner. þ The starting point of the land border line in the Enez region shall at a maximum of 50 meters to the west from the Ipsala barrier and the Meric-Evros riverbed intersection point, and shall terminate at 100 meters to the west of 0 000 of the HARZA Project barrier. There will be no change in the said border between the source and the Ferre intersection. The existing borderline between Ferre upstream intersection and the Peplos downstream intersection shall not be changed. The existing borderline up to the Saricaali (Tyhion) intersection that is not shown in the HARZA project but found appropriate by the parties during the negotiations shall remain unchanged. And finally, the Saricaali (Thyion) intersection, which will be dealt with in the near future, shall remain as a river border. Both parties have agreed to have the borders drawn in the manner specified above and have agreed to exert all their efforts to accomplish this. Without prejudice to the provisions in article 23, the exchange made in the first stage shall be final. Only the lands to be exchanged in the second stage, in order to insure equality in their areas, may be altered in the Enez sector. In any case, the borderline shall remain to the west of the barrier to be constructed in this sector. ARTICLE 3 The area of the land to be exchanged between ...
Sample 1
Exchange of Land. Subject to the provisions of this Section, Lessor agrees that as long as this Lease is in effect, Lessor will release from the Lease the parcel of Land (the "Exchange Parcel") shown in the plan in Exhibit N, in exchange for the submission to the Lease of the additional parcel of land (the "Additional Parcel") shown in the plan in Exhibit O. To make such exchange, Lessor shall give a notice in writing to Lessee 15 (fifteen) days prior to the proposed day of exchange (the "Exchange Date") that contains a description of the Land (excluding the Exchange Parcel to be released and including the Additional Parcel). On the Exchange Date, Lessee shall transfer to Lessor the Additional Parcel, free and clear of any kind of liens or encumbrances and, thereafter, the Additional Land shall be considered for all purposes hereof and in the other Operative Documents "Land". The obligation of Lessor to release the Exchange Land shall be subject to (i) the amendment of the Operative Documents to replace the description of the Land with the description of Land that excludes the Exchange Parcel and includes the Additional Parcel, to the satisfaction of Administrative Agent, and (ii) the fulfillment to the satisfaction of (including, with respect to writings, such writings being in form and substance reasonably satisfactory to Administrative Agent or, where expressly provided below, the Required Entities), or the waiver in writing by, Administrative Agent (at the direction of the Required Entities) of the conditions precedent set forth in Section 3.2 (in addition to the conditions precedent set forth in Section 3.1) on or prior to the Exchange Date (except that the obligation of any party hereto shall not be subject to such party's own performance or compliance). All references in Section 3.2. to Property shall be understood to be references to the Additional Parcel and all references to the Advance Date shall be understood to be references to the Exchange Date.
Sample 1
Exchange of Land. 1. The United States will convey to the COA in fee approximately 0.16 acres of land within the GWMP, and it will release its easement over approximately 1.71 acres of the GSE to the extent needed for the construction of the station. The terms of the United States easement over 6.32 acres of the GSE will remain unchanged. 2. The COA will convey to the United States, in fee, the remaining 7.24 acres of the GSE (Exhibit A), unless the Environmental Site Assessments determine that such land is contaminated and unable to be accepted by the NPS, in which case a parcel or parcels of equal appraised fair market value mutually agreeable to the COA and the NPS will be exchanged. 3. The acreages of land in the above referenced exchange are based on what has been currently defined in the XXXX. The exact amount of land to be exchanged between the Parties will be determined through further design of the station, the completion of the FEIS and the results of Environmental Site Assessments. . 4. By law the interests in the lands or interests in land to be exchanged by the parties must be of approximately equal appraised fair market value. By agreement of the parties, values may be equalized by subtracting land from a parcel proposed for exchange; by an equalization payment from one party to the other; or, if the value of the land or interests in land conveyed by COA to the United States is greater than the value of the land or interests in land conveyed by the United States to COA, the COA may at its own discretion donate the difference in values to the United States. 5. Within 120 days of execution of the ROD by FTA and the ROD by NPS, assuming the decisions in those RODs are consistent with this Agreement, the Parties shall enter into a land exchange agreement that will designate the specific parcels to be exchanged, and provide the terms, conditions, and process by which the land exchange shall occur. The land exchange agreement shall provide: a. Access to the new Metrorail Station across the land conveyed to the United States for maintenance and emergency response, via recorded easements in accordance with WMATA standards. The COA may also reserve necessary rights for access to and maintenance of stormwater facilities, as well as any other existing easements. In addition, the COA may reserve such temporary rights as may be necessary for staging and storage within the GSE during construction of the PYMS and related ancillary facilities. The parties will work together t...
Sample 1
Exchange of Land 
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Related to Exchange of Land

  • Exchange of Talons On and after the Interest Payment Date on which the final Coupon comprised in any Coupon sheet matures, the Talon (if any) forming part of such Coupon sheet may be surrendered at the specified office of the Agent or any other Paying Agent in exchange for a further Coupon sheet including (if such further Coupon sheet does not include Coupons to (and including) the final date for the payment of interest due in respect of the Note to which it appertains) a further Talon, subject to the provisions of Condition 8.

  • Exchange of Notes A Noteholder may exchange Notes for other Notes of the same Class by surrendering the Notes to be exchanged at the office or agency of the Issuer maintained under Section 3.2. If the requirements of Section 8-401(a) of the UCC are met, the Issuer will execute, the Indenture Trustee will authenticate and the Noteholder will receive from the Indenture Trustee new Notes of the same Class, in the same principal amount.

  • CHANGE OF T-PIN The Account Holder may change his T-PIN from time to time in accordance with the Bank’s prescribed procedure then prevailing. The Bank shall be entitled, in its reasonable discretion but without liability and without giving any reason, to reject any selection made by the Account Holder as his substituted T-PIN; if the Bank so approves, such substituted T-PIN, shall take effect from the time of receipt by the Bank of such instructions from the Account Holder. The Account Holder shall take all steps not to select such numbers as a substitute T-PIN which may easily be ascertained or otherwise facilitate fraud or forgery.

  • Transfer and Exchange of Definitive Notes When Definitive Notes are presented to the Registrar with a request:

  • Transfer and Exchange of Global Notes A Global Note may not be transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Notes will be exchanged by the Company for Definitive Notes if: (1) the Company delivers to the Trustee notice from the Depositary that it is unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Company within 120 days after the date of such notice from the Depositary; (2) the Company in its sole discretion determines that the Global Notes (in whole but not in part) should be exchanged for Definitive Notes and delivers a written notice to such effect to the Trustee; or (3) there has occurred and is continuing a Default or Event of Default with respect to the Notes. Upon the occurrence of either of the preceding events in (1) or (2) above, Definitive Notes shall be issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10 hereof. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this Section 2.06(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b), (c) or (f) hereof.

  • Exchange of Rights (a) At any time during the period of 180 days after a Section 11(a)(ii) Event, the Board of Directors of the Company may, at its option, authorize and direct the exchange of all, but not less than all, of the then outstanding Rights for Common Shares, one one-hundredths of Preferred Shares, debt securities of the Company, other property, or any combination of the foregoing, in each case having an aggregate Current Market Price equal to the result obtained by (i) multiplying the Current Market Price per Common Share on the record date for such exchange by the number of Common Shares for which a Right is exercisable on such record date and (ii) subtracting from such product the Exercise Price on such Record Date (the "Exchange Ratio"), and the Company shall so exchange the Rights. (b) Immediately upon the action of the Board of Directors of the Company authorizing and directing the exchange of the Rights pursuant to subsection (a) of this Section 24, or at such time and date thereafter as it may specify, and without any further action and without any notice, the right to exercise Rights shall terminate and the only right thereafter of the holders of Rights shall be to receive the securities described in Section 24(a) in accordance with the Exchange Ratio. Within ten (10) Business Days after the date of such action, the Company shall give notice of such exchange to the holders of Rights by mailing such notice to all holders of Rights at their last addresses as they appear upon the registry books of the Rights Agent or, if prior to the Distribution Date, on the registry books of the transfer agent for the Common Shares. Any notice that is mailed in the manner herein provided shall be deemed given, whether or not the holder receives such notice, but neither the failure to give any such notice nor any defect therein shall affect the legality or validity of such exchange. Each such notice of exchange shall state the method by which the Rights will be exchanged. (c) Notwithstanding the foregoing, in the event that the aggregate number of Common Shares that are authorized by the Company's Certificate of Incorporation, as amended from time to time, but not outstanding or reserved for issuance for purposes other than upon exercise or exchange of the Rights is less than the aggregate number of Common Shares issuable upon the exchange of the Rights in accordance with this Section 24 (the excess of such number of authorized Common Shares over and above such number of issuable Common Shares being hereinafter referred to as the "Unavailable Exchange Shares"), then the Company shall substitute for the pro rata portion of the Unavailable Exchange Shares that would otherwise be issuable upon the exchange of the Rights in accordance with this Section 24 (i) cash, (ii) other equity securities of the Company (including, without limitation, Common Share Equivalents), (iii) debt securities of the Company, (iv) other property or (v) any combination of the foregoing, in each case having an aggregate Current Market Price equal to the aggregate Current Market Price of the Unavailable Exchange Shares for which substitution is made. Subject to Section 7(d) hereof, in the event that the Company takes any action pursuant to this Section 24, such action shall apply uniformly to all outstanding Rights.

  • Transfer and Exchange of Notes Upon surrender of any Note to the Company at the address and to the attention of the designated officer (all as specified in Section 18(iii)), for registration of transfer or exchange (and in the case of a surrender for registration of transfer accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder’s attorney duly authorized in writing and accompanied by the relevant name, address and other information for notices of each transferee of such Note or part thereof), within ten Business Days thereafter, the Company shall execute and deliver, at the Company’s expense (except as provided below), one or more new Notes (as requested by the holder thereof) in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to such Person as such holder may request and shall be substantially in the form of the Note originally issued hereunder. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer of Notes. Notes shall not be transferred in denominations of less than $500,000, provided that if necessary to enable the registration of transfer by a holder of its entire holding of Notes, one Note may be in a denomination of less than $500,000. Any transferee, by its acceptance of a Note registered in its name (or the name of its nominee), shall be deemed to have made the representation set forth in Section 6.2 and shall be bound by the terms of this Agreement.

  • CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE SECTION 8.1. Company May Consolidate, Etc.,

  • Transfer and Exchange of Definitive Securities When Definitive Securities are presented to the Registrar with a request: