Exempted Property definition

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.
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Exempted Property means Property which is exempted by subsection 14(6) of the MFMA from the other provisions of that section;
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Exempted Property means any property of a class described under Section 7 of this Law;
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Examples of Exempted Property in a sentence

  • 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.

  • This Agreement shall become effective on the Effective Date after the Agreement is executed and delivered by all Parties and shall remain in effect for such period as the CRA Exemption is in effect with respect to the CRA Exempted Property.

  • Each agreement will obligate the enterprise, owner, lessee, and/or developer to pay directly to the Board, during the exemption period, semi-annual payments (due by the due date for the payment of Xxxxxxxx County real property taxes) in a total annual amount of a specified percentage (not less than 33 percent) of the “Total Exempted Property Taxes” (as defined below) which would have been payable in that calendar year.

  • Notary Public My Commission expires: [Notary Seal] EXHIBIT A DESCRIPTION OF THE PARCELS The Exempted Property is the real estate situated in the City of Canal Xxxxxxxxxx, Xxxxxxxx County and State of Ohio identified as on the map below and identified by the Franklin County Auditor for tax year 2021 as parcel number 000-000000-00, 000-000000-00 and 000-000000-00.

  • Within thirty (30) days after the Township Fiscal Officer distributes Service Payments in Lieu of Taxes with respect to the Exempted Property to the Township’s Tax Increment Equivalent Fund and the Township Fiscal Officer provides certification as to the amount of the TIF Compensation, the Township shall pay to the School District, the amount of the TIF Compensation.

  • THE CITY SHALL BE RESPONSIBLE FOR CONTRIBUTING, plus an additional seven and one- half percent (7 ½ %) of the REMAINING actual cost of the School Resource Officer for each one million dollars ($1,000,000) increase in the valuation of the Exempted Property from the value of the Exempted Property as of the date of the City ordinance granting the exemption, as determined by the County Auditor and reflected on the tax duplicate, up to one hundred percent (100%) of the cost of the School Resource Officer.

  • On 29th November, 2017, Best Melody (an indirect wholly-owned subsidiary of the Company) as the lessor and Xx. Xxx Xxxx Xxx as the lessee entered into the Exempted Tenancy Agreement, in respect of the leasing of the Exempted Property.

  • This Agreement shall become effective on the date that it is executed and delivered and shall remain in effect for such period as any TIF Exemption on the Future Exempted Property is in effect.

  • Pursuant to the Exempted Tenancy Agreement, Best Melody has agreed to lease the Exempted Property to Xx. Xxx Xxxx Xxx for a term of two years commencing from 19th November, 2017 to 18th November, 2019 at a monthly rental of HK$328,000 (exclusive of management fee and government rates).

  • Notary Public My Commission expires: [Notary Seal] EXHIBIT A DESCRIPTION OF THE PARCELS The Exempted Property is the real estate situated in the City of Canal Xxxxxxxxxx, Xxxxxxxx County and State of Ohio identified as “Additional Land” on the map below, and identified by the Franklin County Auditor for tax year 2019 as parcel numbers 184-003447, 184-003369, 184- 003448, 184-003368, 184-003446, 184-000828, 184-000879, and 184-000954; XXXXXXX X XXXXXX XXXXXXXX RESOLUTION RESOLUTION NO.


More Definitions of Exempted Property

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
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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;
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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.
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Exempted Property shall have the meaning assigned to such term in Section 8.07.
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Exempted Property means Property that is Securities and Instruments Collateral, Stock Collateral or Notes Collateral (in each case, as defined in the Security Agreements).
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Related to Exempted Property

  • Excepted Property has the meaning specified in the granting clauses of this Indenture.

  • Restricted Property means (a) any property of the Company located within the United States of America that, in the opinion of the Company’s board of directors, is a principal manufacturing property or (b) any shares of capital stock or Debt of any Subsidiary owning any such property.

  • Blighted property means property that meets any of the following criteria:

  • 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.

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

  • Affected Property means all real property at the Site and any other real property where EPA determines, at any time, that access or, land, water, or other resource use restrictions, and/or Institutional Controls are needed to implement the removal action, including, but not limited to, the following properties [insert property descriptions].

  • Protected Property means each property identified on Exhibit A hereto and each property acquired in Exchange for a Protected Property as set forth in Section 2.1(b).

  • Contributed Property means each property or other asset, in such form as may be permitted by the Delaware Act, but excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.5(d), such property shall no longer constitute a Contributed Property, but shall be deemed an Adjusted Property.

  • 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.

  • 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.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Investment Related Property means (i) all “investment property” (as such term is defined in Article 9 of the UCC) and (ii) all of the following (regardless of whether classified as investment property under the UCC): all Pledged Equity Interests, Pledged Debt, the Investment Accounts and certificates of deposit.

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

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • Related Property means a parcel of real property, together with improvements thereon and personal property related thereto, that is “related” within the meaning of the definition of Significant Obligor, to the Property.

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

  • Adjusted Property means any property the Carrying Value of which has been adjusted pursuant to Section 5.5(d).

  • New property means (i) the assessed value, after final

  • Pledged Investment Property means any investment property of any Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, other than any Pledged Stock or Pledged Debt Instruments. “Pledged Investment Property” excludes any Excluded Property.

  • 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.

  • Disposed of Adjusted Property has the meaning assigned to such term in Section 6.1(d)(xii)(B).

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.

  • 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.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.