Released Land definition

Released Land means non-income generating undeveloped land ------------- neighboring a Hotel subject to a Mortgage, which land is included in such Mortgaged Property subject to such Mortgage, to the extent such land is ancillary to, and not required by, the operation of such Hotel, which land has, at the request of the Borrower, been released by the Collateral Agent from the Lien of such Mortgage (and which land is hereby authorized to be so released provided that such land shall, concurrently with such release, be contributed or transferred to a Joint Venture, and the ownership interests of such Joint Venture held by the Borrower and its Subsidiaries shall be subjected to the Lien of the Security Documents).
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Released Land means the land to be released from the Core Lease for which the Crown will pay Tranz Rail as part of the purchase price for the Rail Network and Network Assets in accordance with Schedule 3, as defined in section 2(c) of that Schedule;
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Released Land is defined in Schedule 11; “Relevant Employees” is defined in clause 8.1;
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Examples of Released Land in a sentence

  • Tranz Rail and the Crown will agree to partially surrender and vary the Core Lease in respect of the Surrender Land, on the terms referred to in Schedule 5, together with any of the Released Land identified under Schedule 3 that is Retained Land.

  • If the value of any of the Released Land identified under Schedule 3 by Completion has not been established by that date under that Schedule, the amount of the purchase price relating to the Released Land shall be paid by the Crown within 14 days of that value being established in accordance with Schedule 3.

  • SCHEDULE 2 Retained Land and Released Land As annexed to the Core Lease Variation.

  • Following agreement upon the Approved Survey, and if required by governmental authorities, Landlord shall proceed to have the Released Land and Retained Land platted consistent with the Approved Survey and in accordance with applicable subdivision regulations and all other Code Requirements.

  • Following the completion of a Land Release, Landlord shall promptly obtain separate assessments and a separate tax xxxx for each of the Released Land and Retained Land (the “Separate Assessment”) and, thereafter, the term Taxes, as used in Section 9.1 of the Lease shall only apply to the Taxes on the Retained Land and the improvements thereon, which will be the new Demised Premises under the Reduction Amendment.

  • The final plat of the Released Land and Retained Land (the “Final Plat”) shall be subject to Tenant’s approval, not to be unreasonably withheld, delayed or conditioned.

  • Landlord may propose off-site common drainage and other reciprocal easements to serve both the Released Land and the Retained Land, (each, an “Easement”).

  • Landlord will initiate a Land Release by providing to Tenant an ALTA/ACSM Survey of the proposed Released Land and Retained Land, together with evidence, reasonably satisfactory to Tenant, that the Retained Land meets all Code Requirements.

  • Landlord and Tenant shall use good faith diligent effort to agree upon a Survey and legal description of the Released Land and the Retained Land within 15 business days following Tenant’s receipt of the Survey, or as soon thereafter as is practical using good faith diligent efforts.


More Definitions of Released Land

Released Land means the land to be identified and released from the Core Lease in accordance with this Schedule at the sites identified in green (and described as “Released Land” and “Reconfiguration Land”) in the plans and maps referred to in Schedule 2 (each a “Site”) at the following locations:
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Released Land has the meaning given in the Sale Agreement.
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Released Land has the meaning set forth in paragraph (a) of Section 32 hereof.
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Released Land means non-income generating undeveloped land neighboring a Hotel subject to a Mortgage, which land is included in such Mortgaged Property subject to such Mortgage, to the extent such land is ancillary to, and not required by, the operation of such Hotel, which land has, at the request of the Borrower, been released by the First-Lien Collateral Agent (with respect to any mortgages under the First-Lien Security Documents) and the Collateral Agent from the Lien of such Mortgage (and which land is hereby authorized to be so released, provided that such land shall, concurrently with such release, be contributed or transferred to a Joint Venture, and the ownership interests of such Joint Venture held by the Borrower and its Subsidiaries shall be subjected to the Lien of the Security Documents).
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Released Land has the meaning ascribed to it in the Agreement for Sale and Purchase. 1.1.13DB “Rent” means the rent referred to in Schedule A.
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Related to Released Land

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

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

  • the Land means the land (including for the avoidance of doubt all buildings, structures landscaping and other erections) situated at and known as land and buildings at St Michael's Church of England High School, Xxxxxx Xxxx, Xxxxxxx, Xxxxxxxxxx XX0 0XX and registered under title numbers LAN81463 and LAN97788;

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

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