Exchange Parcel definition

Exchange Parcel has the meaning given that term in Section 2.16.(c).
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Exchange Parcel shall have the meaning set forth in Section 2.2 of this ---------------- Agreement. "Fair Market Value," with respect to any particular Selected Option ------------------- Property, shall mean the most probable price for which the Selected Option Property would sell in a competitive and open market for uses other then those associated with the development or operation of a landfill and under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming that the price, is not affected by coercion, undue stimulus, urgency or extraordinary need, subject to the following: (i) Fair Market Value shall be determined with reference to sales, closed during the five years prior to the making of the determination, of similar properties in similar areas for uses other than those associated with the development or operation of a landfill; and (ii) the Fair Market Value of the Selected Option Property shall reflect any adjustment in value to a third party purchaser that would likely result from HNRC's rights under this Agreement to make use of the Selected Option Property.
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Exchange Parcel has the meaning set forth in Section 6.2(c).
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Examples of Exchange Parcel in a sentence

  • The Seller shall be unconditionally obligated to accept any Exchange Parcel acquired by the Purchaser pursuant to the terms of this Agreement.

  • Within ten (10) business days after Beneficiary's actual receipt of the Request, Beneficiary shall determine, in its sole and absolute discretion, whether the proposed Substitute Parcel appears to be acceptable to replace the Exchange Parcel, and Beneficiary shall notify Trustor of such initial determination (the "Preliminary Response").

  • In the event that at any time Trustor desires to arrange for a substitution, Trustor shall submit to Beneficiary in writing a request (the "Request") to substitute property, which shall identify with particularity the Parcel of the Premises to which the Request relates (the "Exchange Parcel") and the property proposed as the Substitute Parcel.

  • If the Request is finally approved as provided for herein, the Substitute Parcel shall be exchanged for the Exchange Parcel as provided below; and the effective date of such substitution is referred to herein as the "Substitution Date".

  • The appraised fair market "As Is" value of the Substitute Parcel shall be equal to or greater than both the appraised fair market value, or gross sales proceeds, as the case may be, of the Exchange Parcel as of that same time, and the original appraised value of the Exchange Parcel as set forth in the appraisal delivered to Beneficiary in connection with the closing of the loan evidenced by the Note.

  • The fair market "As Is" value of the Substitute Parcel and Exchange Parcel shall be determined by a firm of appraisers selected by Newmark Realty Capital, Inc.

  • In connection with the consummation of ------------------------ any Exchange Closing, the Purchaser shall direct that all or any portion of the Allocable Purchase Price of the applicable Exchange Property equal to the Exchange Value be applied to the acquisition of the applicable Exchange Parcel or held in escrow by the Title Company for such purpose pursuant to Section 12.13 ------------- (each such designated amount, an "Exchange Property Credit").

  • In such event, Seller shall identify an Exchange Parcel within forty-five (45) days after the closing of this transaction, and Seller shall close the purchase of the Exchange Parcel within the time periods provided in '1031 substantially in accordance with the terms and conditions of this paragraph, and applicable IRS regulations under '1031, which provide that title to the Exchange Property may be directly deeded to Seller.

  • In the event that the cost of the Exchange Parcel shall be less than the Purchase Price of the Property, as adjusted as provided herein, Seller shall receive a sum equal to the difference between the cost of the Exchange Parcel and the Purchase Price of the Property from the escrow agent to whom Sellers' sole proceeds were delivered.

  • In connection with the consummation of ------------------------ any Exchange Closing, the Purchaser shall direct that all or any portion of the Allocable Purchase Price of the applicable Exchange Property equal to the Exchange Value be applied to the acquisition of the applicable Exchange Parcel or held in escrow by the Title Company for such purpose pursuant to Section 12.13 (each such designated amount, an "Exchange ------------- -------- Property Credit").


More Definitions of Exchange Parcel

Exchange Parcel shall have the meaning given in Section 9.1(b).
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Related to Exchange Parcel

  • Exchange Property has the meaning set forth in Section 11(a).

  • Exchange Area means an area, defined by the Commission, for which a distinct local rate schedule is in effect.

  • Cooperative Unit A single family dwelling located in a Cooperative Property.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • exchange policy means Exchange Policy 4.6 - Public Offering by Short Form Offering Document and Exchange Form 4H - Short Form Offering Document, of the TSX Venture Exchange as amended from time to time;

  • Exchange Transaction means an exchange of Units for Common Units pursuant to, and in accordance with, the Exchange Agreement or, if the Issuer and the exchanging Limited Partner shall mutually agree, a Transfer of Units to the Issuer, the Partnership or any of their subsidiaries for other consideration.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Private Units means the Units certain of the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Dwelling unit means a single unit providing complete, independent living facilities for one or more persons, including permanent provisions for living, sleeping, eating, cooking and sanitation.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • Cooperative Shares Shares issued by a Cooperative Corporation.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • apartment unit means any residential unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • Private property means any dwelling and its curtilage which is being used by a natural person or natural persons for habitation and which is not open to the public and privately owned real property which is not open to the public. "Private property" shall not include:

  • Initial Merger Consideration has the meaning set forth in Section 2.2(a).

  • Exchange Period shall have the meaning set forth in Section 2(a) hereof.

  • Free Exchange means an exchange of a Commission Share of one Fund for a Commission Share of another Fund under circumstances where the CDSC which would have been payable in respect of a redemption of the exchanged Commission Share on the date of such exchange is waived and the Commission Share issued in such exchange is treated as a continuation of the investment in the Commission Share exchanged for purposes of determining the CDSC payable if such Commission Share issued in the exchange is thereafter redeemed.

  • Pre-Exchange Transfer means any transfer or distribution in respect of one or more Common Units (i) that occurs prior to an Exchange of such Common Units, and (ii) to which Section 743(b) or 734(b) of the Code applies.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Private Exchange means the offer by the Company, pursuant to a Registration Rights Agreement, to the Initial Purchasers to issue and deliver to each Initial Purchaser, in exchange for the Initial Securities held by the Initial Purchaser as part of its initial distribution, a like aggregate principal amount of Private Exchange Securities.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.