Option Parcels definition

Option Parcels means those parcels of Real Estate described in SCHEDULE C-OPTION PARCELS, to wit: SCHEDULE C-WATERTOWN, SCHEDULE C-NEW MILFORD, and SCHEDULE C-EAST WINDSOR, together with any other parcel(s) of Real Estate with respect to which the Parties may purchase an option to buy.
Sample 1Sample 2
Option Parcels means, collectively, (a) each Option Property (as defined in the Land Disposition Agreement) and (b) the New Option Parcel.
Sample 1
Option Parcels. As defined in Section 35.1.
Sample 1

Examples of Option Parcels in a sentence

  • The parties acknowledge and agree that the Transactions may trigger a right in favor of certain third Persons ("Option Holders") to purchase or otherwise acquire the Properties or portions of the Properties ("Option Parcels").

  • Landlord hereby grants to Tenant an option ------------------------ to lease all (but not less than all) that certain real property owned by Landlord and commonly known as 0000 Xxx Xxxxxxxxx Xxxxx, 0000 Xxx Xxxxxxxxx Xxxxx and 0000 Xxxxxxxxx Xxx, Xxxxx Xxxxx, Xxxxxxxxxx (collectively the "Option Parcels") on the terms and conditions set forth below.

  • If Tenant fails to exercise its option during the Option Term, Tenant's option rights with regard to the Option Parcels shall automatically terminate and be of no further force and effect.

  • Following the occurrence and during the continuance of an Event of Default, in the event Administrative Agent determines to exercise the Option Parcels Purchase Option and purchase one or more Option Parcels either pursuant to the terms of the Option Agreement or as otherwise may be agreed upon between Administrative Agent and Option Parcels Fee Owner, Borrower shall cooperate in good faith with any such exercise and purchase by Administrative Agent.

  • Ohio Gas Company, Ameritech Ohio Corporation, and Viacom Cablevi- sion of Cleveland, or Village-desig- nated successor cable television franchisee, their successors and assigns, to provide necessary ser- vices to the Zone, and a temporary easement for purposes of ingress and egress to the Purchase Parcels and Option Parcels A and B to Data- vantage.

  • On the Closing Date, the Hospital Assets shall be conveyed in their “as is” condition and there shall be no abatement or diminution of the Purchase Option Price by reason of any fire, casualty, eminent domain or Condemnation affecting the Designated Purchase Option Parcels or the Improvements located thereon.

  • In 2012, Amendment #2 was executed, which created Option Parcels, added a small parcel and there were some administrative details addressed.

  • An Option may be exercised with respect to any one or more of the Option Parcels at any time during the Option Period in any order or sequence; provided, however, that a condition to the Optionee's exercise of an Option with respect to any Option Parcel shall be that such Option Parcel must be used in the Redevelopment Project and/or for access thereto; provided, however, that it shall not be a condition to the exercise of any option that Optionee has received any zoning or Governmental Approvals.

  • Purchaser has also, at Purchaser's sole cost and expense, ordered a survey (the "SURVEY") certified to Seller and Purchaser of the Land and the Option Parcels (hereinafter defined) and a copy of the Survey has been delivered to the Title Company and Seller's attorneys.

  • All other charges, fees or assessments against the Option Parcels, including but not limited to utility charges, special assessments, or sewer and storm water fees, shall be prorated as of the date of Closing, and the portion attributable to Wagenbrenner and/or shall be credited against the Purchase Price at Closing.


More Definitions of Option Parcels

Option Parcels means those certain real property parcels located on the western border of and contiguous to the Wild Wild West Assemblage in which Leasehold Holder has an option to purchase said properties under the Option Agreement, as such parcels are legally described on Schedule 1.1B.
Sample 1
Option Parcels means the three parcels of real estate commonly known as 261 S. Main St., 908 Turrill Ave., and 832 Beach St., Lapeer, Michigan. The properties known as 261 S. Main St. and 832 Beach St., are owned by the successors of Anna Lee Ferguson under the Anna Lee Ferguson Living Trust u/a/d/ March 24, 1987. The property known as 908 Turrill Ave. is owned by Ferguson Properties, a Michigan partnership.
Sample 1

Related to Option Parcels

  • Parcels means a property within the District, identified by either a tax map identification number assigned by the Appraisal District for real property tax purposes, by metes and bounds description, or by lot and block number in a final subdivision plat recorded in the official public records of the County, or by any other means determined by the City.

  • adjacent land means all land that borders a property and all land that would have bordered a property, if they were not separated by a river, road, railway line, power transmission line, pipeline, or a similar feature;

  • Option means a stock option granted pursuant to the Plan.

  • the Land means the land (including for the avoidance of doubt all buildings, structures landscaping and other erections) situated at and known as Xxx Xxxx Xxxxxx Xxxxxxx Xxxx Xxxxx Xxxxxxxx XX0 0XX;

  • Tract means 2 or more parcels that share a common property line and are under the same ownership.

  • Parcel means an identifiable unit of land that is treated as separate for valuation or zoning purposes.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Lands means the purchase of real property or interest in real property.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Timberlands means all the timberlands from time to time owned by the Loan Parties.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • New manufactured home park or subdivision means a manufactured home park or subdivision for which the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including at a minimum, the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads) is completed on or after the effective date of this ordinance or the effective date of the initial floodplain management ordinance and includes any subsequent improvements to such structure.

  • Lots means all or any machinery and other items sold or intended to be sold in accordance with these conditions; “Purchaser” means a person, firm or Company who purchase any Lot;

  • Subject Lands means the lands subject to or covered by the oil and gas leases described in Exhibit A, insofar and only insofar as they cover the Target Formation, subject to the exceptions, exclusions and reservations set forth on such Exhibit A.

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Crown lands has the same meaning as is given to that term by the Land Act;

  • Owned Property has the meaning set forth in Section 4.10(a).

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Acreage means the number of acres of land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the Board may rely on the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map.

  • Through lot means a property bounded on two opposite sides by two or more streets;

  • Eligible Real Property means the real property listed on Schedule 1.01(a) owned by a Loan Party (i) that is located in the United States of America and is acceptable to the Agent in its Permitted Discretion for inclusion in the Borrowing Base, (ii) in respect of which an appraisal report has been delivered to the Agent in form, scope and substance satisfactory to the Agent in its Permitted Discretion, (iii) in respect of which the Agent is satisfied that all actions necessary or desirable in order to create perfected first priority Lien on such real property have been taken, including the presentation or delivery of the Mortgage to a title insurance company for recording, provided that the title insurance company has issued its title insurance policy to the Agent pursuant to clause (v) below in a New York style closing, (iv) in respect of which a Phase I environmental review report has been completed and delivered to the Agent in form and substance satisfactory to the Agent in its Permitted Discretion and which does not indicate any pending, threatened or existing Environmental Liability, or non compliance with any Environmental Law (except to the extent that Reserves for any such Environmental Liability deemed adequate by the Agent in its Permitted Discretion exist), (v) which is adequately protected by fully-paid valid title insurance with endorsements and in amounts acceptable to the Agent, insuring that the Agent, for the benefit of the Lenders, has a perfected first priority Lien on such real property, evidence of which shall have been provided in form and substance satisfactory to the Agent in its Permitted Discretion, and (vi) if required by the Agent: (A) an ALTA survey reasonably acceptable to the Agent and the title insurance company has been delivered for which all necessary fees have been paid and which is dated no more than 90 days prior to the date on which the applicable Mortgage is executed and delivered to a title insurance company for recording, certified to Agent and the issuer of the title insurance policy in a manner satisfactory to the Agent in its Permitted Discretion by a land surveyor duly registered and licensed in the state in which such Eligible Real Property is located and acceptable to the Agent in its Permitted Discretion; (B) in respect of which local counsel in states in which the Eligible Real Property is located have delivered a letter of opinion with respect to the enforceability and perfection of the Mortgages and any related fixture filings in form and substance satisfactory to the Agent in its Permitted Discretion; and (C) in respect of which such Loan Party shall have used its reasonable best efforts to obtain estoppel certificates executed by all tenants of such Eligible Real Property and such other consents, agreements and confirmations of lessors and third parties have been delivered as the Agent may deem necessary or desirable in its Permitted Discretion, together with evidence that all other actions that the Agent may deem necessary or desirable in order to create perfected first priority Liens on the property described in the Mortgages have been taken.

  • Adjacent area means the area outside the affected area or permit area where air, surface or ground water, fish, wildlife, vegetation or other resources protected by Chapter 1513. of the Revised Code, determined according to the context in which "adjacent area" is used, are or reasonably could be expected to be adversely affected by proposed coal mining and reclamation operations including probable impacts from underground workings. With respect to underground mining operations, "adjacent area" shall include, at a minimum, the surface areas above full coal recovery areas.

  • Existing manufactured home park or subdivision means a manufactured home park or subdivision for which the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including, at a minimum, the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads) is completed before the effective date of the floodplain management regulations adopted by a community.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.