Examples of Land right in a sentence
A specific Transmission Line Land Right shall be classified as "Joint Use" if, as of the Closing Date and assuming the completion of construction of all Intended Distribution Facilities, one or more Transmission Lines and one or more Distribution Lines are located on the Transmission Line Land Right.
A specific Transmission Line Land Right shall be classified --------- as "Joint Use" if, as of the Closing Date and assuming the completion of construction of all Intended Distribution Facilities, the Circuit of which the Transmission Line Land Right is a component is used for Distribution on more than 25% of the length of the Circuit.
A specific Transmission Line Land Right shall be classified --------- as "Joint Use" if, as of the Closing Date and assuming the completion of construction of all Intended Distribution Facilities, one or more Transmission Lines and one or more Distribution Lines are located on the Transmission Line Land Right.
A specific Transmission Line Land Right ------------------- shall be classified as "Transmission Only" if, as of the Closing Date and assuming the completion of construction of all Intended Distribution Facilities, no part of the Circuit of which the Transmission Line Land Right being classified is a component, is used for Distribution or is paralleled by a Distribution Line.
Any Lien (other than the Security) is granted or in any way established on or with relation to the Usufruct or any other Land Right and is not removed within thirty (30) days of any Finance Party’s notice to the Borrower.