Optioned Property definition

Optioned Property. – means all of Owner’s right, title and interest (which in- cludes fee simple title to the real property) in and to all property and assets used in or otherwise related to the operation of the Project including, without limitation, all real property and interests in real property, all tangible and intangible personal property including furniture, fixtures, equip- ment, supplies, intellectual property, licenses, permits, approvals, and contractual rights of any
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Optioned Property shall have the meaning set forth in Section 23.01 hereof.
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Optioned Property shall have the meaning assigned thereto in Section 8.17.
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Examples of Optioned Property in a sentence

  • Under the Option Agreement the Company can increase its interest in the Optioned Property to 95% by a further payment of $1,000,000 upon Commercial Production, and to 100% by an additional payment of $2,000,000 to be made 24 months following Commercial Production.

  • The Optioned Property is located within the Clarendon, Lepreau and Pennfield Parishes of Charlotte County in New Brunswick at approximately 50 km south of Fredericton.

  • The Option Agreement provides for the acquisition of an undivided interest of 100% in the Optioned Property.

  • Until the option is exercised, the Company shall solely fund any exploration expenditure on the Optioned Property.

  • The closing of the transfer of the Lessee's right, title and interest in and to the Optioned Property (the "Closing") shall be held on or before the date that is ninety (90) days after the date of the Exercise Notice, on such date and at such time and place as the Lessor and the Lessee shall agree.

  • If the Optioned Property shall be less than the entire Premises, then the Lessor and the Lessee shall execute an amendment to this Ground Lease at such closing amending the definition of the Premises.

  • At Closing upon payment of the Option Price, title to the Project shall be conveyed by a limited warranty deed in recordable form executed by the Lessee, title to the Equipment shall be conveyed by a bill of sale containing limited warranties of title, this Ground Lease shall terminate as to the Optioned Property and the Lessee's interest in applicable Occupancy Agreements shall be conveyed by an assignment thereof containing limited warranties of title.

  • The Optioned Property shall be conveyed free and clear of all loans, and shall be subject only to the applicable Occupancy Agreements, to Permitted Encumbrances, and to all matters occurring subsequent to the date hereof that would be disclosed by an accurate survey, title search, and inspection of the Premises.

  • The Lessor may exercise such option to purchase the Lessee's right, title and interest in and to the Optioned Property by delivering written notice (the "Exercise Notice") of such exercise to the Lessee, which Exercise Notice shall either state that the entirety of the Project is being purchased or identify with a metes and bounds description or lot and block description of the Optioned Property that Lessee desires to purchase.

  • Upon the transfer of all of the Lessee's interest in the Optioned Property pursuant to this Section, the Lessee shall be released from, and relieved of, all of its obligations hereunder without any further action on the part of the Lessor or the Lessee.


More Definitions of Optioned Property

Optioned Property means the Facility and the Board's interest in the Ministik Leased Lands;
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Optioned Property means the portion of the Property subject to the Option Agreement.
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Optioned Property means the real property Buyer has an option to purchase pursuant to the Option Agreement.
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Optioned Property means the land more particularly described on Schedule 6.12 annexed hereto with all buildings, structures, improvements or other real property of any kind or nature whatsoever situated thereon, and all appurtenant and ancillary rights thereto, including, without limitation, easements, covenants, water rights, sewer rights and utility rights.
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Optioned Property means, with respect to any Receivable, the real property (a) which is the subject option investment upon which the Borrower, the Trust and/or the applicable Originator has relied in its underwriting of such Receivable, (b) in which the Trust is the owner (as successor-by-assignment to the applicable Originator thereof) of an option interest pursuant to the terms and provisions of the option purchase agreement, home equity contract, or other similar agreement executed in conjunction therewith, and (c) encumbered by the Receivable Instruments executed in conjunction with such Receivable.
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Optioned Property has the meaning given to it in Section 5.1(1).
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Related to Optioned Property

  • Abandoned property means personal property left by an owner who intentionally

  • Assigned Property means real and related personal property which, in the discretion of the Administrator or his designee, has been made available to the Department for transfer for public health purposes.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

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

  • Specified Property means property for which an election has been made for a special elective benefit.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Restricted Property means (a) any property of the Company located within the United States of America that, in the opinion of the Company’s board of directors, is a principal manufacturing property or (b) any shares of capital stock or Debt of any Subsidiary owning any such property.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Owned Properties has the meaning set forth in Section 3.16.

  • New property means (i) the assessed value, after final

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of 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.

  • 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.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • 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.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.