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.

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

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.

Examples of Excess Land in a sentence

• 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.

• 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).

• If the Excess Land is contracted for sale during such time period and the sale pursuant thereto is consummated within six months of the date of contract, then the first $750,000 of the sales proceeds of the Excess Land less real estate brokerage commissions (the "NET PROCEEDS") shall belong to and be the property of the Company.

• Landlord shall give Tenant at least sixty (60) days advance written notice of the date upon which Landlord intends to convey the Excess Land to Tenant pursuant to this section (the “Excess Land Conveyance Date”).

• For a period of five years after the Closing Date, the Selling Shareholders shall have the right to cause the Company to enter into a real estate brokerage and listing agreement with a company reasonably satisfactory to the Purchaser for the purpose of selling the Excess Land as defined in ANNEX 2 to this Agreement.

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. Gabrxxx, Xxuisiana 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, 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 (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 that portion of the Land described in Exhibit "A-2".