Commercial Land definition
Commercial Land means that area of the Airport which is designed for businesses and commercial activity, but may be leased to private individuals at the commercial rate.
Commercial Land means Property which: (a) is zoned for commercial purposes as a use by right (or comparable classification under local law); (b) is owned in fee simple by the Borrower or a Subsidiary Guarantor; (c) is located in the United States of America; (d) with respect to such Property, no payment or other material default by the Borrower or a Subsidiary Guarantor in the payment or performance of any assessment district obligations, special facility obligations or other similar obligations has occurred and is continuing with respect to such Property; (e) is not subject to any Liens other than Permitted Liens; (f) if all or any portion of such Property secures Permitted Deferred Purchase Price Debt, no enforcement action has been taken or is threatened to be taken by any holder of such Permitted Deferred Purchase Price Debt; and (g) is adjacent to and developed in connection with Residential Land.
Commercial Land means land used for commercial purposes, whether wholesale, retail or service, carrying on a trade, business or profession, and includes land used or occupied by a non-profit organization which would, if the land were so used or occupied by a trade or business, be treated as commercial land, but does not include agricultural land;”;
Examples of Commercial Land in a sentence
None of the Undeveloped Residential Land or the Undeveloped Commercial Land is subject to any material agreement restricting or limiting its development except as set forth on Schedule 6.27.
Collectively, the Developed Commercial Land and the Undeveloped Commercial Land.
The Improvements and the use of the Commercial Land and Improvements complies in all respects with applicable Legal Requirements.
The Commercial Land shall not include any of the Common Area Land.
Land designated for commercial use under the Master Plan of the Woodlands Project, but not Developed Commercial Land.
More Definitions of Commercial Land
Commercial Land means ratable land that is not situated in a country lands water district and—
Commercial Land means land, the occupation and use of which is primarily for non-residential purposes and may be commercial or industrial by nature;
Commercial Land means land that is not residential land;
Commercial Land means land most suitable for wholesale or retail businesses, financial institutions, professional offices and clinics, service trades and occupations, privately owned public utilities and similar businesses.
Commercial Land means land that is taken under section 8(2) of the Act to be used for the purpose defined as "commercial" in that section;
Commercial Land means any land which is predominantly used for or is capable of use for commercial or industrial purposes which have the approval of the Island Council and of the Governor;]
Commercial Land. All the net developable land within the relevant Viability Phase or Viability Review Phase that is to be used for uses falling within Use Class B1 Use Class A1 to A5 (inclusive) as defined by the UCO 1987 for the avoidance of doubt to exclude:- any land on which the Community Hub Building is to be constructed; and any land which is intended to be transferred or leased to the CMO pursuant to the provisions of this Deed.