Property unit definition

Property unit means contiguous parcels all of which are located within the same county, with the same property tax classification, are owned by the same person, and are operated by that person for a common use and purpose.
Property unit means a unit established by CL&P for the purpose of, among other things, accounting for and/or otherwise allocating Cost associated with an identifiable asset or group of similarly situated assets, as reflected on the books of CL&P as maintained in the ordinary course of CL&P's business.
Property unit means a unit used to calculate the average measurement of effluent volume, as defined in Clause 2 of this Code;

Examples of Property unit in a sentence

  • Such gain is only an estimate provided for illustrative purposes and it should be noted that the actual gain or loss on the Transaction will depend on the then book value of the Property Unit recorded in the financial statements of the Company at completion date and be subject to further review by the auditors of the Company, which may be different from the amount as above-mentioned.

  • Proceeds from the sales of the Property Unit will be used by the Vendor to finance further development costs.


More Definitions of Property unit

Property unit the residential unit of Shenzhen Mix park located at Longgang Distrist, Shenzhen City, China as described in the Agreement to Sale and Purchase with a gross floor area of approximately 212 square metres and a saleable area of approximately 167.46 square metres sold by the Vendor to the Purchaser “Purchaser” Xx. Xxxxx Xxx, (a Substantial Shareholder and senior management of the Company) “Share(s)” ordinary share(s) of the Company “Shareholder(s)” the holder(s) of the Share(s) “Shenzhen Mix Park” a mixed-use property development situate at Longgang Distrist, Shenzhen City, China which comprises two residential towers with total gross floor area of approximately 28,000 square metres, two commercial towers and one apartment tower together with parking spaces and a shoping mall.
Property unit means a Lot, Commercial Parcel or other property in the Community but expressly excluding Common Areas and Neighborhood Association Property. By way of example and for illustration purposes, each unit comprising a condominium, duplex and/or townhome which is capable of independent ownership shall each be considered a separate Property Unit.
Property unit means a parcel or contiguous parcels all of which are located within the same county, with the same property tax classification, are owned by the same person, and are operated by that person for a common use and purpose.6. Beginning with valuations established as of January 1, 1978, the assessors shall report the aggregate taxable values and the number of dwellings located on agricultural land and the aggregate taxable value of all other structures on agricultural land. Beginning with valuations established as of January 1, 1981, the agricultural dwellings located on agricultural land shall be valued at their market value as defined in this section and agricultural dwellings shall be valued as rural residential property and shall be assessed at the same percentage of actual value as is all other residential property.
Property unit shall refer to any one of them “Property (1)” a commercial unit located at Unit S05, Level 1 & 2, Block 3, Residential, Jinhui Plaza, with a GFA of approximately 241.12 sq.m.. The consideration is RMB3,341,923. “Property (2)” a commercial unit located at Unit S06, Level 1 & 2, Block 3, Residential, Jinhui Plaza, with a GFA of approximately 238.75 sq.m.. The consideration is RMB3,559,763. “Purchaser” Xx. XXX Xxx, the spouse of Xx. XX Xxxxxxxx, the executive Director and the controlling shareholder of the Company
Property unit represents the right to receive the kind and amount of securities, cash and other property receivable in such Reorganization Event (without any interest thereon, and without any right to dividends or distributions thereon which have a record date that is prior to the applicable Settlement Date) per share of Common Stock by a holder of Common Stock that (1) is not a Person with which the Company consolidated or into which the Company merged or which merged into the Company or to which such sale or transfer was made, as the case may be (any such Person, a “Constituent Person”), or an Affiliate of a Constituent Person to the extent such Reorganization Event provides for different treatment of Common Stock held by Affiliates of the Company and non-Affiliates. In the event holders of Common Stock have the opportunity to elect the form of consideration to be received in such transaction, the Exchange Property Unit that Holders of the Corporate HiMEDS Units or Treasury HiMEDS Units would have been entitled to receive will be deemed to be the weighted average of the types and amounts of consideration received by the holders of Common Stock that affirmatively make an election. If an Exchange Property Unit includes property other than common stock, upon conversion, the Company may elect to deliver additional shares of Common Stock in lieu of such other property; the number of such additional shares of Common Stock will be equal to the Applicable Market Value of such other property divided by the Applicable Market Value per share of such Common Stock. The Company may only deliver additional shares of Common Stock in lieu of such other property if the Company provides notice to the Holders of the Company’s election to do so at least three Business Days prior to the first Trading Day that will be included in the calculation of Applicable Market Value used for purposes of determining the Settlement Rate applicable to such conversion. The Company hereby covenants and agrees to use its reasonable best efforts to cause any such shares of Common Stock delivered in lieu of such other property on the applicable Settlement Date to be freely transferable under the U.S. Federal securities laws by the recipients thereof upon delivery thereto, including, if necessary, causing one or more registration statements in respect of such shares of Common Stock to be filed with and declared effective by the Securities and Exchange Commission. In the event of such a Reorganization Event, th...
Property unit means a residential, single family dwelling, each separate dwelling of a duplex, triplex or fourplex and each separate apartment house or complex, up to and including four apartments, and including upstairs, basement, garage or detached apartment or housing unit; and shall exclude commercial, manufacturing or industrial property used for those purposes. Any exceptions are defined in section 4. D and E of this resolution.
Property unit means contiguous parcels all of which are located within the same county, with the same property tax classification, are owned by the same person, and are operated by that person for a common use and purpose.Summary of Sec. 5. NEW SECTION. 426C.3 Claims for credit.