Expansion Property definition

Expansion Property has the meaning given that term in Section 15.2.

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Expansion Property means real property that may be added to the Project by recording additional Plats.

Expansion Property means the properties set out in Part II of Schedule 8 (Properties).

Examples of Expansion Property in a sentence

Further, during the period prior the construction of the second phase of the Project and incorporation of the Expansion Property into the Project, portions of the Project may be subject to the Temporary Construction Easement discussed in Section 5.d above as well as pursuant to other reserved rights of Seller to complete construction of the Project.
Ingevity acknowledges that it is familiar with the Sawdust Area Expansion Property.
In furtherance of Section 21.2 and not in limitation thereof, if Ingevity exercises the Expansion Option, Ingevity will lease the Sawdust Area Expansion Property from the Mill Owner in its condition, “AS IS,” as of the Sawdust Area Expansion Effective Date.
Further, portions of the underground parking structure serving the Project and various parking, access and other areas therein may be designated by Seller as Expansion Property on the Map of the West Building, in which event such areas may be utilized by Seller for the same purposes as outlined above and for other purposes as reserved to Seller with respect to the Expansion Property as set forth in the Declaration.
Purchaser acknowledges and agrees that, at the time of establishment of the West Building as the first phase of the Project, portions of the underground parking are anticipated to be Expansion Property for the development of the next phase of the Project and portions may be subject to the Temporary Construction Easement, each as described in Section 5.d below, and Purchaser shall have no right to park in or use of any such areas.

More Definitions of Expansion Property

Expansion Property means the real property described on Exhibit B attached hereto which Declarant may submit to the terms of this Declaration by one or more Supplemental Declarations.

Expansion Property means the additional phases of East Park Estates which will be annexed to the Property upon recording of each additional phase of East Park Estates. As of the date of this Declaration, it is anticipated there will be six phases and a total of 659 Lots when all phases are completed. Each phase of the Expansion Property will be annexed as provided in Section 2.2.

Expansion Property means any adjacent Property to an existing Hotel Property or distinguishable portion of an existing Hotel Property, on which the Company, any Subsidiary or any Unconsolidated Affiliate is developing or redeveloping a new or additional building, wing or other improvement that is not an operating Property and upon completion will constitute a part of such Hotel Property. “Extended Letter of Credit” has the meaning given that term in Section 2.4.(b). “Extending Lender” has the meaning given that term in Section 2.20.(b). “Extension Date” has the meaning given that term in Section 2.20.(a). “Extension Request” has the meaning given that term in Section 2.14. “Facility” means the Revolving Credit Facility or the Term Loan Facility, as the context may require. “Facility Fee” means the percentage set forth in the table in the definition of the term “Ratings- Based Applicable Margin” corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof. Any change in the applicable Level at which the Applicable Margin is determined shall result in a corresponding and simultaneous change in the Facility Fee. The provisions of this definition shall be subject to Section 2.6.(c). “Fair Market Value” means, (a) with respect to a security listed on a national securities exchange or the NASDAQ National Market, the price of such security as reported on such exchange or market by any widely recognized reporting method customarily relied upon by financial institutions and (b) with respect to any other property, the price which could be negotiated in an arm’s-length free market transaction, for cash, between a willing seller and a willing buyer, neither of which is under pressure or compulsion to complete the transaction. “FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. “Federal Funds...

Expansion Property. All or any portion of the land described on Schedule D.

Expansion Property has the meaning ascribed to such term in Section 5.1 of this Agreement. “Expansion Standby Fee” has the meaning ascribed to such term in Section 5.1(d) of this Agreement.

Expansion Property has the meaning given to it in Recital B above, and refers to the real property that may be later added to the community in future phases.