Examples of Land Note in a sentence
Concurrently with the formation of the Company, the Xxxxx Member, to the extent that the Xxxxx Member owns any of the following items, shall contribute to the Company the Project Land (subject to the Land Note as contemplated in Section 3.1(b) below) and all other rights, interests and assets appurtenant to the Project Land included in the Project and acquired pursuant to the Land Agreement with the Project Land.
The Consolidated Note will be signed, delivered and accepted for the purpose of consolidating, amending and restating the Construction Note and the Land Note, but not in payment, settlement, satisfaction or discharge of the Construction Note and the Land Note or the indebtedness evidenced by the Construction Note and the Land Note, all of which indebtedness continues in full force and effect and will be evidenced by the Consolidated Note as soon as it is signed and delivered to Lender.
OurPeopleFair values of non-financial assets categorised by level of inputs used to compute fair value are: 2015-16 Level 1$’000 Level 2$’000 Level 3$’000Total FairValue$’000Asset Classes Land (Note 10)-4 932-4 932Buildings (Note 10)--4 4524 452Infrastructure (Note 10)--359359Plant and Equipment (Note 10)--3 0013 001Transport Equipment (Note 10)--348348Computer Hardware (Note 10)--1515Intangibles (Note 11)--858858Total Fair Value-4 9329 03313 965 5.
Purchaser and MDA will have at Closing sufficient funds available (through credit arrangements or otherwise), including the ability to deliver Substitute Letters of Credit and the Land Note LC, to pay the Purchase Price and consummate the transactions contemplated hereby.
Neither Seller, on the one hand, nor Purchaser, on the other hand, shall have any right to set-off any Losses against any payments to be made by such party or parties pursuant to this Agreement, the Land Note, the Transaction Documents, or any other agreement between the parties other than the Land Note to the extent provided in Section 10.9.
Payments made to purchase land that will not be leased to WDBA were expensed in Michigan Land (Note 11).Where a property cannot otherwise be acquired through voluntary means, MDOT will acquire the property through the condemnation process.
The KWRC Project consists of two phases of mixed, commercial and residential development as follows:- KWRC Land Note:* Prior to sub-division to 3 lots (HS(M) 79797, HS(M) 79798 and HS(M) 79799).
OWHLF loans in fourth and fifth lien positions after the Glacier Bank/HUD 202 PRAC/TSA Land Note loans.
Equity from Xxxxxx Center for Neighborhood Innovation (“JCNI”) amounting to approximately $769,073 given to Owner through JCNI’s “in-kind” contribution of the Property to the Owner by grant deed, and evidenced by the Land Note.
As at 30 June 2016, the Group had capital commitments contracted for but no provided for in these financial statement which are as follows: at 30 JuneAt 31December2016 2015HK$’000 HK$’000(Unaudited) (Audited) Acquisition of the Land (Note 14(b)) 174,163 170,246 Acquisition of the a subsidiary — 98,600 174,163 268,846 Charge on Group assets As at 30 June 2016, there are no any bank loans (31 December 2015: Nil) was secured by the Group’s pledged bank deposits (31 December 2015: Nil).