Property Development Activities definition

Property Development Activities means land acquisition and development activities, the principal objective of which is to acquire and develop real property for sale or other disposition.
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Property Development Activities means the execution of any material change to a building or property (including erection and demolition activities), where such change result in the property fund being unable to receive or be entitled to any rental income from the building or property during the period of the change, but do not include refurbishment, retrofitting and renovations.
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Property Development Activities has the meaning given in clause 11.1(d);
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Examples of Property Development Activities in a sentence

  • Where the Group had previously recorded the land at a revalued amount, it continues to retain this amount as its surrogate cost as allowed by FRS 201 Property Development Activities.

  • As allowed by the transitional provision of FRS 201 – Property Development Activities, the carrying amount of this land shown at valuation has been retained on the basis of its previous revaluation as its surrogate cost.

  • The Group has carried its land held for property development at revalued amount, as allowed under FRS 201 - Property Development Activities.

  • Property Development Activities The adoption of MASB 31 and MASB 32 have not given rise to any adjustments to the opening balances of retained profits as at 1 January 2003 and 1 January 2004.

  • Where the Company had previously recorded the land at a revalued amount, it continues to retain this amount as its surrogate cost as allowed by FRS 201 Property Development Activities.

  • With balance gross development value of approximately RM500 million from the Group’s development projects in Cheras (Kuala Lumpur), Sitiawan (Lumut and Segari), Taiping and Ipoh, Property Development Activities will remain one of the core profit contributor in the next 3 to 5 years.

  • Where the Group had previously recorded the land at revalued amounts, it continues to retain these amounts as its surrogate cost as allowed by FRS 2012004, Property Development Activities.

  • In accordance to Financial Reporting Standard, FRS 201 2004: Property Development Activities, all costs directly attributable to the development activities, including cost associated with the acquisition of land, are to be classified as Property Development Cost.

  • With balance gross development value of approximately RM320 million from the Group’s development projects in Cheras and Seputeh (Kuala Lumpur), Sitiawan (Lumut), Taiping and Johor Bahru, the contribution from the Property Development Activities is expected to increase in the medium term.

  • Where the Group had previously recorded the land at revalued amounts, it continues to retain these amounts as its surrogate cost as allowed by FRS 2012004 , Property Development Activities.


More Definitions of Property Development Activities

Property Development Activities means an activity which involves a construction or an extension of a building or a modification thereof or any other related activity pertaining to the existing real estate property of a SL-REIT;
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Property Development Activities means land acquisition and development activities, the principal objective of which is to acquire and develop real property for sale or other disposition. “Property Management Business” means the managing, leasing, selling and purchasing of real property. “Property Sub” means any Subsidiary that exists on the Closing Date or that is subsequently formed or acquired and, in each case, whose principal business activities are to engage in Property Development Activities. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 6.01. “Ratings-Based Applicable Rate” has the meaning specified in the definition of “Applicable Rate.” “Recipient” means the Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. “Recourse Debt” means, with respect to any Loan Party or Subsidiary, any Debt, in respect of which contractual recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar exceptions to recourse liability) is to such Person. “Register” has the meaning specified in Section 10.06(c). “REIT” means a “real estate investment trust” as defined in Sections 856 through 860 of the Code. “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. “Relevant Governmental Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of
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Related to Property Development Activities

  • Development Activities means those Development activities undertaken by or on behalf of a Party or its Affiliates with respect to the Product in the Field.

  • Development Activity means any activity defined as Development which will necessitate a Floodplain Development Permit. This includes buildings, structures, and non-structural items, including (but not limited to) fill, bulkheads, piers, pools, docks, landings, ramps, and erosion control/stabilization measures.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development Area means that area to which a development plan is applicable.

  • Development Project means a project for the development of land within a

  • Development Work means all work and services necessary or desirable in connection

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Project Activities means the activities to be undertaken or Works to be delivered or Property to be contributed or provided by you, your approved Sub-Grantees or your approved sub- contractors as summarised in the Particulars and more particularly described in the Agreed Proposal for which Xxxxx is payable under this Agreement;

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Medical Affairs Activities means, with respect to any country or other jurisdiction in the Territory, the coordination of medical information requests and field based medical scientific liaisons with respect to Licensed Compounds or Licensed Products, including activities of medical scientific liaisons and the provision of medical information services with respect to a Licensed Compound or Licensed Product.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Development Phase means the period before a vehicle type is type approved.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Development Program means the implementation of the development plan.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • Clean coal technology demonstration project means a project using funds appropriated under the heading “Department of Energy—Clean Coal Technology,” up to a total amount of $2,500,000,000 for commercial demonstration of clean coal technology, or similar projects funded through appropriations for the Environmental Protection Agency. The federal contribution for a qualifying project shall be at least 20 percent of the total cost of the demonstration project.

  • Project IPR means all Intellectual Property Rights that arise or are obtained or developed by either party, or by a contractor on behalf of either party, in respect of the Deliverables in the course of or in connection with the Project;

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Project Improvements means site improvements and facilities that are:

  • Development Consent means the consent granted to the Development Application for the Development and includes all modifications made under section 4.55 of the Act.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.