FEE PARCELS Sample Clauses

FEE PARCELS. (i) FEE PARCEL 1 Parcel A: That portion of the East Half of Tract 45, Township 16 South, Range 14 East, S. B. B. & M., in an unincorporated area of the County of Imperial, State of California, according to the Official Plat thereof, lying easterly of the east line of the Southern Pacific Railroad Company right of way, described as follows: Beginning at the intersection of the northerly line of said Tract 45 and said easterly line of the Southern Pacific Railroad Company right of way, as said intersection is shown on Record of Survey filed in Book 6, Pages 32 and 33 of records of survey in the office of the County Recorder of said County; thence South 18 degrees, 48 minutes and 34 seconds East 46.49 feet, measured along said easterly line to a found one inch iron pipe with tag stamped RCE 13484 and being the True Point of Beginning of this description; thence continuing South 18 degrees, 48 minutes and 34 seconds East 1053.83 feet to a found one inch iron pipe with tag stamped RCE 13484; thence North 71 degrees, 10 minutes and 23 seconds East 345.93 feet to a found one inch iron pipe with tag stamped RCE 13484; thence North 18 degrees, 48 minutes and 21 seconds West 195.71 feet to the beginning of a tangent curve, concave southwesterly and having a radius of 70 feet; thence northwesterly along said curve, through a central angle of 45 degrees, an arc distance of 54.97 feet; thence North 63 degrees, 48 minutes and 21 seconds West 70.71 feet to the beginning of a tangent curve, concave northeasterly and having a radius of 70 feet; thence northwesterly along said curve, through a central angle of 45 degrees, an arc distance of 54.97 feet; thence North 18 degrees, 48 minutes and 21 seconds West 96.37 feet to the beginning of a tangent curve, concave southeasterly and having a radius of 70 feet; thence northerly and northeasterly along said curve, through a central angle 45 degrees, an arc distance of 54.97 feet; thence North 26 degrees, 11 minutes and 39 seconds East 70.71 feet to the beginning of a tangent curve, concave northwesterly and having a radius of 70 feet; thence northeasterly along said curve, through a central angle of 45 degrees, an arc distance of 54.97 feet; thence North 18 degrees, 48 minutes and 21 seconds West 96.37 feet to the beginning of a tangent curve, concave southeasterly and having a radius of 70 feet; thence northerly and northeasterly along said curve, through a central angle of 45 degrees, an arc distance of 54.97 feet; thence Nort...
Sample 1
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Related to FEE PARCELS

  • Tax Parcels Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, which shall be effective for the next tax year.

  • Access; Utilities; Separate Tax Parcels Based solely on evaluation of the Title Policy (as defined in paragraph 8) and survey, if any, an engineering report or property condition assessment as described in paragraph 12, applicable local law compliance materials as described in paragraph 26, the Sponsor Diligence (as defined in paragraph 42), and the ESA (as defined in paragraph 43), each Mortgaged Property (a) is located on or adjacent to a public road and has direct legal access to such road, or has permanent access from a recorded easement or right of way permitting ingress and egress to/from a public road, (b) is served by or has access rights to public or private water and sewer (or well and septic) and other utilities necessary for the current use of the Mortgaged Property, all of which are adequate for the current use of the Mortgaged Property, and (c) constitutes one or more separate tax parcels which do not include any property which is not part of the Mortgaged Property or is subject to an endorsement under the related Title Policy insuring the Mortgaged Property, or in certain cases, an application has been made or is required to be made to the applicable governing authority for creation of separate tax parcels (or the Mortgage Loan documents so require such application in the future), in which case the Mortgage Loan requires the Mortgagor to escrow an amount sufficient to pay taxes for the existing tax parcel of which the Mortgaged Property is a part until the separate tax parcels are created.

  • Vehicle Parking Lessee shall be entitled to use the number of Unreserved Parking Spaces and Reserved Parking Spaces specified in Paragraph 1.2(b) on those portions of the Common Areas designated from time to time by Lessor for parking. Lessee shall not use more parking spaces than said number. Said parking spaces shall be used for parking by vehicles no larger than full-size passenger automobiles or pick-up trucks, herein called "Permitted Size Vehicles." Vehicles other than Permitted Size Vehicles shall be parked and loaded or unloaded as directed by Lessor in the Rules and Regulations (as defined in Paragraph 40) issued by Lessor. (Also see Paragraph 2.9.)

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

  • Additional Land All xxxxxxxxxx xxxxx, xxxxxxx and development rights hereafter acquired by Borrower for use in connection with the Land and the development of the Land and all additional lands and estates therein which may, from time to time, by supplemental mortgage or otherwise be expressly made subject to the lien of this Security Instrument;

  • Owned Properties The Company does not own any real property.

  • Additional Property Collateral shall also include the following property (collectively, the “Additional Property”) which Debtor becomes entitled to receive or shall receive in connection with any other Collateral: (a) any stock certificate, including without limitation, any certificate representing a stock dividend or any certificate in connection with any recapitalization, reclassification, merger, consolidation, conversion, sale of assets, combination of shares, stock split or spin-off; (b) any option, warrant, subscription or right, whether as an addition to or in substitution of any other Collateral; (c) any dividends or distributions of any kind whatsoever, whether distributable in cash, stock or other property; (d) any interest, premium or principal payments; and (e) any conversion or redemption proceeds; provided, however, that until the occurrence of an Event of Default (as hereinafter defined), Debtor shall be entitled to all cash dividends and all interest paid on the Collateral (except interest paid on any certificate of deposit pledged hereunder) free of the security interest created under this Agreement. All Additional Property received by Debtor shall be received in trust for the benefit of Secured Party. All Additional Property and all certificates or other written instruments or documents evidencing and/or representing the Additional Property that is received by Debtor, together with such instruments of transfer as Secured Party may request, shall immediately be delivered to or deposited with Secured Party and held by Secured Party as Collateral under the terms of this Agreement. If the Additional Property received by Debtor shall be shares of stock or other securities, such shares of stock or other securities shall be duly endorsed in blank or accompanied by proper instruments of transfer and assignment duly executed in blank with, if requested by Secured Party, signatures guaranteed by a bank or member firm of the New York Stock Exchange, all in form and substance satisfactory to Secured Party. Secured Party shall be deemed to have possession of any Collateral in transit to Secured Party or its agent.

  • Access; Utilities; Separate Tax Lots Each Mortgaged Property (a) is located on or adjacent to a public road and has direct legal access to such road, or has access via an irrevocable easement or irrevocable right of way permitting ingress and egress to/from a public road, (b) is served by or has uninhibited access rights to public or private water and sewer (or well and septic) and all required utilities, all of which are appropriate for the current use of the Mortgaged Property, and (c) constitutes one or more separate tax parcels which do not include any property which is not part of the Mortgaged Property or is subject to an endorsement under the related Title Policy insuring the Mortgaged Property, or in certain cases, an application has been, or will be, made to the applicable governing authority for creation of separate tax lots, in which case the Mortgage Loan requires the Mortgagor to escrow an amount sufficient to pay taxes for the existing tax parcel of which the Mortgaged Property is a part until the separate tax lots are created.

  • Additions to Mortgaged Property All right, title and interest of Mortgagor in and to all extensions, improvements, betterments, renewals, substitutes and replacements of, and all additions and appurtenances to, the Mortgaged Property hereafter acquired by or released to Mortgagor or constructed, assembled or placed by Mortgagor upon the Premises or the Improvements, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the lien and security interest of this Mortgage as fully and completely and with the same effect as though now owned by Mortgagor and specifically described in the grant of the Mortgaged Property above, but at any and all times Mortgagor will execute and deliver to Mortgagee any and all such further assurances, mortgages, conveyances or assignments thereof as Mortgagee may reasonably require for the purpose of expressly and specifically subjecting the same to the lien and security interest of this Mortgage.

  • Borrowing Base Properties (a) Except where the failure to comply with any of the following would not have a Material Adverse Effect, each of Parent and Borrower shall, and shall use commercially reasonable efforts to cause each other Loan Party or the applicable tenant, to:

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