Existing Utility Property Interest means any right, title or interest in real property (e.g., a fee or an easement) claimed by a Utility Owner as the source of its right to maintain an existing Utility in such real property, which is compensable in eminent domain. Expendable Materials shall mean: (a) tangible personal property that loses its distinct and separate identity when incorporated into real property (examples include framing lumber, bricks, steel, re-bar, concrete) and (b) consumable items, defined as nondurable tangible personal property that is used to improve real property and that, after being used once for its intended purpose, is completely used or destroyed so that it has no salvage value (examples include non-reusable concrete forms, non-reusable drop cloths, barricade tape, natural gas, and electricity).

Existing Utility Property Interest means any right, title or interest in real property (e.g., a fee or

Examples of Existing Utility Property Interest in a sentence

Developer shall carry out the same duties for acquisition of an Existing Utility Property Interest, as are assigned to Developer in Article 10 (of this Agreement) and in Section 7 of the Technical Provisions for the acquisition of any other necessary real property interests.
Developer shall compensate the Utility Owner for the fair market value of each Existing Utility Property Interest relinquished pursuant to Section 6.2.4.3 of the Technical Provisions, to the extent TxDOT would be required to do so by applicable Law and provided that TxDOT has approved the Utility Owner’s claim.

More Definitions of Existing Utility Property Interest

Existing Utility Property Interest means any right, title or interest in real property (e.g., a fee or an easement) claimed by a Utility Owner as the source of its right to maintain an existing Utility in such real property, which is compensable in eminent domain. Expendable Materials shall mean construction materials (e.g. wood, steel, concrete and re-bar) and equipment (e.g. shovels, power tools, office equipment or computers) that are completely incorporated into the Development Work or have no salvage value at completion of the Development Work. Federal Requirements shall mean the provisions required to be part of federal-aid construction contracts, including the provisions set forth in Exhibit E to this Agreement. Final Acceptance or Project Final Acceptance or Final Contract Acceptance or Final Construction Acceptance shall mean the occurrence of all of the events and satisfaction of all of the conditions set forth in Section 20.2 of this Agreement for final acceptance of the Project.

Owned Real Property has the meaning set forth in Section 4.10(a).
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.
Leased Real Property has the meaning set forth in Section 3.18(b).
Owned Property has the meaning set forth in Section 4.10(a).
Residential property means improved property that:-