Expansion Parcel means an unimproved area or areas of any Individual Property on which Rents are not payable and Improvements (other than utilities and the like that are permitted pursuant to a recorded agreement) are not situated, which area or areas are not necessary for the use and operation of the remainder of such Individual Property (except to the extent such use or operation is permitted pursuant to a separate agreement), are designated by Borrower for expansion or any other reasonable business purpose in order to service any customer or prospective customer of Borrower or any Affiliate of Borrower, the transfer and separate development of which would not, in Borrower’s judgment (provided Borrower has certified the same) materially adversely affect the value of the remaining portion of such Individual Property or the Underwritable Cash Flow from the remaining portion of such Individual Property (taking into account, to the extent applicable, any potential loss of revenue resulting if the transfer and development of the Expansion Parcel were not to occur).
Expansion Parcel is defined in the recitals of this Lease.
Expansion Parcel means that certain real property which will, after recordation of the final, Parcel Map, be identified as Parcel 2 of Parcel Map 35629, and consisting of approximately 22.37 acres, which real property comprises a portion of the Property and is the “Expansion Area” under the Lease. Notwithstanding the foregoing, it is understood and agreed that prior to the date that the final parcel map records, the Expansion Parcel shall be established by lot line adjustments and therefore may not contain exactly the amount of acreage or be in exactly the same configuration as it will be in after the final parcel map records.
Examples of Expansion Parcel in a sentence
Those in leadership roles will set boundaries of acceptable behavior thereby reducing the risk and associated costs of fraud, conflicts of interest and other ethical lapses.
In light of the rising Black Lives Matter movement at the same time, resources were also shared to help parents talk about Racism with their children129.
Landlord and Indiana Ventures LLC, a Nevada limited liability company ("INDIANA VENTURE"), entered into that certain Option Agreement (Expansion Parcel), dated December 22, 1995 (the "ORIGINAL AGREEMENT").
The total purchase price ("Purchase Price") for the Property shall be Six Million Two Hundred and Eighty Thousand Four Hundred Ninety-Six and no/100 Dollars ($6,280,496.00), consisting of $4,541,949.50 for the Build-to-Suit Parcel, Site Work Improvements and Building Shell Improvements; $1,043,000 for the Interior Improvements and $695,546.50 for the Expansion Parcel.
Useful Lives of Depreciable / Amortisable Assets Management reviews its estimate of the useful lives of depreciable / amortisable assets at each reporting date, based on the expected utility of the assets.
More Definitions of Expansion Parcel
Expansion Parcel means, with respect to a Mortgaged Property, any parcel of land, together with any improvements thereon located, that (a) constitutes an integral part of, or adjoins, such Mortgaged Property, (b) is not owned by a Property Owner on the Agreement Date and (c) is not an Acquired Parcel.
Expansion Parcel means an area of the Property cross-hatched on Schedule VIII hereto and marked as "Release Parcel" (or such lesser area within such cross-hatched area necessary to construct the proposed improvements described in Section 11.29 hereof and to provide parking adjacent to such improvements necessary for the use and operation of such improvements).
Expansion Parcel means that parcel labeled "ComStream Expansion Parcel" on Exhibit A hereto. --------- "First Amendment" shall mean that certain First Amendment to the Partnership Agreement to be entered into by and among KR and the Members listed on the signature pages thereto.
Expansion Parcel means (i) any air rights with respect to that certain parcel more particularly set forth on Exhibit B-1 attached hereto and (ii) such portions of the concourse level immediately below the air-rights parcel set forth in clause (i) above and as more particularly set forth on Exhibit B-2 attached hereto (but specifically excluding (x) any portion of such concourse area which includes any space demised to a Tenant if such Tenant’s entire leased premises is not included in the Expansion Parcel (provided, however, this clause (x) shall not apply to any Tenant located within the Expansion Parcel which also leases space in the Remaining Property so long as such Leases are separate and distinct and the Expansion Parcel Release does not give rise to any termination, off-set or abatement right of such Tenant with respect to such Tenant’s Lease of space in the Remaining Property) and (y) any parking facilities at the Property (provided, however, this clause (y) shall in no way limit any right of Borrower to grant Release Transferee easement rights with respect to other portions of the Remaining Property, including, any parking areas, in accordance with any Shared Facilities REA).
Expansion Parcel shall have the meaning set forth in Section 3.2 of this Agreement.
Expansion Parcel means that certain undeveloped portion of the Land identified as Tax Lot No. 3400 on the tax map filed in the County Assessor's Office for Lane County, Oregon.
Expansion Parcel means the parcel of real property immediately adjacent to the Original Property on which it was originally planned that office buildings would be constructed, but was acquired by NHP in April of 2007, comprising approximately 9.07 acres, which Expansion Parcel has now been merged with the Original Parcel to form the Property.