Excluded Parcels definition

Excluded Parcels as used herein shall mean those separately assessed part(s) of the Project during such period(s) of time when its or their, as the case may be, allocable share of Taxes is excluded from Taxes. During the period when Landlord elects not to include in Taxes that portion thereof allocable to any such separately assessed part(s) of the Project, for the purposes of calculating Tenant’s Proportionate Share of Taxes as provided in Section 4.02 hereinbelow, the denominator shall not include that portion of the Rentable Area of the Project contained within the Excluded Parcel(s).
Sample 1
Excluded Parcels means the following four parcels of real property: Lake County Parcel Number/Alternate Key 22-20-25-0003-000-00700, 1092515; 21-20-25-0004-000- 01901, 1780411; 22-20-25-0003-000-01800, 3355792; and 22-20-25-0003-0000-2300, 3871761.
Sample 1
Excluded Parcels means the following four parcels of real property: Lake
Sample 1

Examples of Excluded Parcels in a sentence

  • List of Excluded Parcels Notes: The lists in this part are intended to be a snapshot of the excluded parcels as of the effective date, and are included in this appendix for general information only.

  • Furthermore, the Petitioner and/or owner of the applicable portion of the Rezoning Site reserve the right to subdivide portions or all of the Rezoning Site and create lots within the interior of the portion of the Rezoning Site without regard to any such internal separation standards and FAR requirements; provided, however, all such separation standards applied to the Rezoning Site along the exterior boundary of the Rezoning Site (except where adjacent to the Excluded Parcels) shall be adhered to.

  • If the applicable material default pertains to a matter or condition that relates solely to one or more particular Parcels, then Buyer shall have the right, as its sole and exclusive remedy, to either (i) proceed to Closing with respect to the affected Parcel(s) without any reduction in Purchase Price, or (ii) designate the affected Parcel or Parcels as Excluded Parcels (and such Parcels shall not be subject to the Excluded Parcel Cap), and in such event, Section 5(c) shall apply.

  • During the period when Landlord elects not to include in Taxes that portion thereof allocable to any such separately assessed part(s) of the Project, for the purposes of calculating Tenant’s Proportionate Share of Taxes as provided in Section 4.02 hereinbelow, the denominator shall not include that portion of the Rentable Area of the Project contained within the Excluded Parcel(s).

  • Written notices to the Parties to the Reciprocal Easement Agreement, the Leases and the Contracts and other Owners of Excluded Parcels advising them of the consummation of the Transactions and advising them of the address to which Rent or other payments and notices are to be sent and that the Partnership will be responsible for the return of the Security Deposits in accordance with the Leases.

  • Should Buyer fail to timely deliver an Option Exercise Notice, the Option shall expire automatically and be of no further force and effect with respect to such Option Property and all other Excluded Parcels for which Buyer has not delivered an Option Exercise Notice; provided, however, that such Option Property and such other Excluded Parcels shall remain subject to the Right of First Offer (as hereinafter defined) and the Right of First Refusal (as hereinafter defined).

  • Xxxxx hereby consents to such amendment, agrees to provide to the County confirmation of such consent if and to the extent such confirmation may be required, and agrees that the CDD shall be the exclusive provider of potable water and wastewater utility services to the Excluded Parcels.

  • The easements herein reserved may be created in the event that, and from time to time as, one or more Excluded Parcels are created due to lapse of time or termination pursuant to Article XIII, Section 1 A.

  • If the extent of the Excluded Parcels has not been determined by the date the Title Commitment is issued, the insured property under the Title Commitment shall be the Parent Tract initially, and once the legal descriptions of the Excluded Parcels have been determined the Title Commitment shall be amended to limit the insured property to the Land.

  • Subject to Section 31, at Seller’s sole cost and expense, Seller shall have (x) legally separated the Excluded Parcels from the balance of the Parcels, if applicable, and (y) conveyed fee title to the Excluded Parcels to one or more indirect, wholly owned subsidiaries of Seller that are not Owners (each, an “Excluded Parcel Owner”) pursuant to instruments consistent with this Agreement in all respects and otherwise reasonably satisfactory to Buyer.


More Definitions of Excluded Parcels

Excluded Parcels means the parcels listed as Excluded Parcels on Exhibit “A” hereto, if any.
Sample 1
Excluded Parcels means Parcels 32 and 19, both located in Palm Beach County, Florida.
Sample 1
Excluded Parcels means Parcels 32 and 19, both located in the Palm Beach County.
Sample 1
Excluded Parcels means the following four parcels of real property: Lake County Parcel Number/Alternate Key 22-20-25-0003-000-00700, 1092515; 21-20-25-0004-000-01901, 1780411; 22-20-25- 0003-000-01800, 3355792; and 22-20-25-0003-0000-2300, 3871761.
Sample 1
Excluded Parcels means undevelopable Tax Parcels, distinct Tax Parcels that contain only parking spaces, storage units, or condominium cabanas and serve as auxiliary improvements to a primary improvement on another Tax Parcel, and those Tax Parcels within the Excluded Neighborhoods.
Sample 1
Excluded Parcels means those certain parcels of land legally described in Exhibit A and the improvements thereon owned by certain of the Anchors or other Persons other than Contributor.
Sample 1

Related to Excluded Parcels

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Excluded Party has the meaning set forth in Section 7.4(b).

  • Excluded Parties shall have the meaning assigned to such term in Section 9.16.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Exempt Property means tangible personal property acquired in whole or in part with Federal funds, where the Federal awarding agency has statutory authority to vest title in the recipient without further obligation to the Fed- eral Government. An example of ex- empt property authority is contained in the Federal Grant and Cooperative Agreement Act (31 U.S.C. 6306), for property acquired under an award to conduct basic or applied research by a non-profit institution of higher edu- cation or non-profit organization whose principal purpose is conducting scientific research.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Excluded Equipment means, at any date, any equipment or other assets of the Borrower or any Guarantor which is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not Holdings or any Restricted Subsidiary of Holdings contained in the agreements or documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document because of an assignment thereof, or a grant of a security interest therein, by the Borrower or any Guarantor and (ii) such restriction relates only to the asset or assets acquired by the Borrower or any Guarantor with the proceeds of such Capitalized Lease Obligation or purchase money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any of the Borrower or any Guarantor from any sale, transfer or assignment or other voluntary or involuntary disposition of such assets and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money obligations secured by such assets.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).

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

  • Qualified agricultural property means that term as defined in section 1211 of the revised school code, MCL 380.1211.

  • Excluded Persons means (A) the Company or any Regency Entity; (B) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Regency Entity; (C) an underwriter temporarily holding securities pursuant to an offering of such securities; or (D) a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock in the Company.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Excluded Items means any items which the Committee determines shall be excluded in fixing Performance Goals, including, without limitation, any gains or losses from discontinued operations, any extraordinary gains or losses and the effects of accounting changes.

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Excluded Equity means any Voting Stock in excess of 66% of the total outstanding Voting Stock of any direct Subsidiary of any Grantor that is a Non-U.S. Person. For the purposes of this definition, “Voting Stock” means, as to any issuer, the issued and outstanding shares of each class of capital stock or other ownership interests of such issuer entitled to vote (within the meaning of Treasury Regulations § 1.956-2(c)(2)).

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.