Excess Land definition

Excess Land means that part of the irrigable land within the district in excess of one hundred-sixty (160) acres held in the beneficial private ownership of any one person and the term “nonexcess land” means all irrigable land which is not excess land. As a condition precedent to the right to receive water made available pursuant to this contract each owner of excess land shall be required to select his nonexcess land and to file in the office of the District and with the State, in duplicate, one copy thereof to be furnished by the State to the United States, his written designation and description thereof. Upon the failure of the landowner to do so the State shall make such designation and mail a notice thereof to such landowner. In the event the State fails to act within a reasonable period of time, such designation may be made by the United States by notice to the State and the landowner. The landowner shall then be bound by such designation and the district shall furnish water provided under this contract only to the designated nonexcess land. A landowner may, with the consent of the United States, change the designation provided that an equal acreage of land previously designated as nonexcess shall become excess.

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Excess Land means those approximately 665 acres of land owned by Speedway Motorsports and located in Mecklenburg and Cabarrus Counties, North Carolina, that, as of the Effective Date, is not currently utilized in the operation of Charlotte Motor Speedway or in the operations of the Borrowers or any of their Subsidiaries.

Excess Land as defined in the Thousand Trails Lease, as in effect on the Closing Date.

Examples of Excess Land in a sentence

• The net profits from the Excess Land Appreciation Structure actually received by Developer shall constitute Gross Revenues.

• To the extent it is commercially reasonable to do so and consistent with market practices for each product type at the time, all sales agreements, leases or subleases, as applicable, between a Vertical Developer and Developer will require Vertical Developer to pay Developer a percentage of any net profits above a mutually agreed-upon forecasted rate arising from the Excess Land Appreciation Structure.

• For the avoidance of doubt Lessee may purchase Properties pursuant to this Section 20.1(a) in one or more transactions and the purchase of Excess Land shall not constitute a purchase of a Property pursuant to this Section 20.1(a).

• Landlord, as record title holder to the Excess Land, shall cooperate with Tenant in obtaining a lawful subdivision of the Leased Premises with separate parcels consisting of the Excess Land and the Retained Premises, at no cost to Landlord.

• Landlord represents, warrants and covenants that the Premises are currently treated as two separate and discrete tax parcels for purposes of all Property Taxes that do not include any other real property or improvements; provided, that Landlord is in the process of completing a lot combination started by Tenant and will see that process through to completion, after which the Premises, excluding the Excess Land, will be treated as a single tax parcel and the Excess Land will be treated a single tax parcel.

More Definitions of Excess Land

Excess Land. As used herein the term “surcharge” shall mean an amount equivalent to the power credit per acre-foot of water, as such credit is determined under and established by subdivision (b) of this article, to be charged to water users other than the United States or the State of California, as hereinafter provided and to the extent permitted by law, for each acre-foot of project water put to agricultural or manufacturing use on excess land. As used herein the term “excess land” shall mean that part of any land held in single beneficial ownership within a contractor’s boundaries, or, where project water is delivered to water users by a retail agency as hereinafter defined, that part of any such land within the service area of such retail agency, which is in excess of 160 acres; or in the case of joint ownership by husband and wife that part of any such land which is in excess of 320 acres.

Excess Land means certain real property adjoining the sites of PCAC's Henderson, Nevada and St. Gabr▇▇▇, ▇▇uisiana plants and the Mojave, California property owned by Imperial West that is not used in the business conducted at such sites, which real property is referred to and defined in the Contingent Payment Agreement as the "Subject Parcels."

Excess Land means each of the parcels of Real Property owned by the Borrower as of the Closing Date which adjoins a Stopping Center but is not being utilized by any Stopping Center and is considered excess land by the Borrower which is not (as of the Closing Date) useful in connection with the business of any Stopping Center.

Excess Land means excess land located at Stopping Centers that is not being utilized by the Stopping Centers.

Excess Land means (i) the approximately three acres in the aggregate of real property owned in fee by the Company or its Restricted Subsidiaries as of the date of this Indenture, located north of U.S. 90 in Biloxi, Mississippi and (ii) the approximately 150 acres of real property owned in fee by the Company or its Restricted Subsidiaries as of the date of this Indenture adjacent to the Company’s Casino and Casino Related Facility in Pompano Beach, Florida.

Excess Land means, with respect to any Property, that portion of the related Land that is not necessary or useful for the Lessee’s intended use of such Property.

Excess Land means that portion of the Land described in Exhibit "A-2". -------------