Exempted Property definition

Exempted Property means Property which is exempted by subsection 14(6) of the MFMA from the other provisions of that section;
Exempted Property means, as of any date of determination, each Pledged Property or portion thereof that is used for a “governmental purpose” as contemplated by Section 34181(a) of the Health and Safety Code of the State of California. A Pledged Property may consist of both Exempted Property and non-Exempted Property.
Exempted Property. Each Exempt Aircraft, each Aircraft Asset whose value is not included in the Borrowing Base, and any other property of the Borrower or any of its Subsidiaries under the Loan Documents as to which no Lien in favor of the Collateral Agent need be perfected.

Examples of Exempted Property in a sentence

  • The reason I do my mathematics is so my teachers don‟t think I know less than others.

  • For the avoidance of doubt, “Substantial Portion” means 20% or more of the Guarantor’s assets, or a portion which, although less than 20% of the Guarantor’s assets, the beneficiary reasonably considers to have a material impact on the Guarantor’s assets, excluding the Exempted Property.

  • If for any reason the Exempted Property shall become or be considered an asset of the Agency, then the Agency shall dispose of the Exempted Property as expeditiously as possible and in a manner aimed at maximizing value in accordance with ABX1 26.

  • Those restrictions or covenants shall prohibit any owner of the real property to which that agreement and its CRA real property tax exemption apply (the "CRA Exempted Property") from consenting to, proposing or petitioning for the transfer of any of that CRA Exempted Property from the jurisdiction of the School District to the jurisdiction of any other school district without the prior written consent of the School District.

  • Those restrictions or covenants shall provide that they are binding on the owner and any subsequent owners of the CRA Exempted Property, and shall further provide that they are enforceable by the School District as a third party beneficiary against the owner and any subsequent owner.

  • Property to be Exempted: Property Address (including unit address if applicable): Legal Description: Lot Block Plan Property Owner Information2 Full Name(s) of the Property Owner(s)*: Property Owner(s) Mailing Address*: City*: Province*: Postal Code*: Phone 1*: ( Type) Phone 2: (Type) Phone 3: ( Type) Email*: Project Information1.

  • Such amount shall be calculated by multiplying the assessed value of the Future Exempted Property by one hundred percent (100%) of the District effective tax rate for the applicable tax year and adjusting for any Service Payments not actually paid by property owners or received by the Township in accordance with subsection (e) below.

  • The parties acknowledge that the Exempted Property is subject to an existing real property exemption pursuant to Ohio Revised Code Section 5709.74 and that this exemption will not generate any Service Payments until such pre-existing exemption expires or is otherwise terminated.

  • If for any reason the Exempted Property is deemed not to be a government use property in accordance with ABX1 26, and shall become or be considered an asset of the Successor Agency, then the Successor Agency shall add the Exempt Property to the long range property management plan to be disposed of with the other Pledged Property.

  • This Board of Commissioners further hereby authorizes and directs the President of the Board of Commissioners, the County Administrator, the County’s Economic Development Director, or other appropriate officers of the County,to sign and execute all documents and make such arrangements as are necessary and proper for collection of said Service Payments from the Owners of real property located in the Exempted Property, which are to be deposited into the TIF Fund.


More Definitions of Exempted Property

Exempted Property an apartment located at Xxxxxxxxx, Xx. 00 Xxxxxxxxx Path, Mid-Levels, Hong Kong with a gross floor area of approximately 8,018 square feet and flat roof and carparking spaces; “Exempted Tenancy Agreement” the tenancy agreement dated 29th November, 2017 entered into between Best Melody and Xx. Xxx Xxxx Xxx in respect of the lease of the Exempted Property for a term of two years from 19th November, 2017 to 18th November, 2019; “Existing Tenancy Agreement” the tenancy agreement dated 2nd December, 2015 entered into between Hillcrest and AGL in respect of the lease of the Property for a term of two years from 1st January, 2016 to 31st December, 2017;
Exempted Property in § 522(c) means only the property that is subject to the exemption. As determined by California law, [debtor]s’ exempted property consisted of the $100,000 homestead, and did not extend to any
Exempted Property means Property that is Securities and Instruments Collateral, Stock Collateral or Notes Collateral (in each case, as defined in the Security Agreements).
Exempted Property means any property of a class described under Section 7 of this Law;
Exempted Property shall have the meaning assigned to such term in Section 8.07.

Related to Exempted Property

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

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Distributed Property shall have the meaning specified in Section 14.04(c).

  • 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.