Phase 1 Property definition

Phase 1 Property means, collectively, the real property known as Block 66, Lots 1, 5 and 7, as may be further subdivided, also referred to herein as the Edison Battery Parcels.
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Phase 1 Property or “Phase 1”). Access to the Phase 1 Property shall be via the development of North 5th Street (the “North 5th Street Path”). Pursuant to Section 2.4 (Payment of Purchase Price at the Closings), a proportionate share of the Purchase Price (defined below) will be paid at the Closing of the Phase 1 Property (the “Phase 1 Closing”). 1.3.2
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Phase 1 Property means a portion of the real property (including without limitation all options held by third parties, fee interests, leasehold interests, tenant-in-common interests and such other like or similar interests) within the Redevelopment Area, as identified as the “Phase 1 Property” and described in Exhibit A, attached hereto and incorporated herein by reference.
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Examples of Phase 1 Property in a sentence

  • The Township hereby expressly agrees and acknowledges that Redeveloper shall have no obligation to include any affordable housing units within the Phase 1 Project or on the Phase 1 Property.

  • Upon execution of the Termination of Reverter and the Declaration Discharge in accordance with the terms hereof, such Termination of Reverter and Declaration Discharge shall be held in escrow by counsel for the Township to be released from escrow at the closing of title for the transfer of the Phase 1 Property from GP 177 to DGP Urban Renewal, LLC.

  • The Phase 1 Property shall be within the legal limits and jurisdiction of Fremont for purposes of special assessments.

  • Fremont shall return to the township from which it was conditionally transferred an amount equal to 2 xxxxx ($2.00 per $1,000 of taxable value) levied against the Phase 1 Property and any improvements and personal property located thereon during the calendar years 2005 through 2014, inclusive.

  • Fremont may, in its discretion, require that any parcel that is part of the Phase 1 Property convert its address to the city address system.

  • Any persons residing within the Phase 1 Property shall be entitled to vote on the same basis as all other persons residing within the legal limits of Fremont.

  • Fremont shall levy and collect ad valorem real and personal property taxes, industrial facilities taxes, payments-in-lieu-of-taxes, income taxes and any other taxes or revenues-in-lieu-of-taxes from and against the Phase 1 Property at the same rate and in the same manner as it levies and collects such taxes and other revenues throughout Fremont.

  • If further action is needed to carry out the intent of this provision, such as consent to the annexation of the Phase 1 Property after December 30, 2014, this Agreement shall constitute such consent and each township covenants that it shall execute such documents as are required to ensure the intent of this provisions is fully implemented.

  • The Phase 1 Property will be treated as being within the legal limits of Fremont for the purpose of applying and enforcing all ordinances, rules, and regulations.

  • Phase I:The Development Agreement provides for a Forgivable Economic Development Loan in the amount of $694,473.78, advanced at the time of closing on the Developer’s purchase of the Phase 1 Property and equaling the purchase price of the Phase 1 Property, which loan shall be forgiven if the Developer constructs the required Phase 1 Improvements, qualifies for issuance of the Certificate of Completion and is in compliance with the Development Agreement.


More Definitions of Phase 1 Property

Phase 1 Property means the real estate property registered in the name of the Borrower in File No. 13694718 of the Real Estate Public Registry (Registro de Predios) of the Registration Office of Lima, Peru;
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Phase 1 Property means the Phase 1 Area excluding the Metro Property.
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Phase 1 Property means a portion of RPA 2, as identified and described on Exhibit A,
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Phase 1 Property shall have the meaning ascribed thereto in the Site Transfer Agreement;
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Related to Phase 1 Property

  • 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.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • 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.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

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

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.