Replacement Properties definition

Replacement Properties have the meanings set forth in Section 11.5.
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Replacement Properties means Canadian Resource Properties acquired by the Grantor to replace any Properties disposed of under this indenture, which shall qualify as eligible investments by: (i) pension funds as prescribed from time to time by the legislation described in the Prospectus under “Eligibility for Investment”; and (ii) mutual fund trusts pursuant to subsection 132(6) of the Act;
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Replacement Properties has the meaning ascribed thereto in the Royalty Indenture;
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Examples of Replacement Properties in a sentence

  • The Exchangor shall be solely responsible for determining the scope of each separate and distinct Exchange hereunder by matching one or more Relinquished Properties with one or more Replacement Properties.

  • Each Legal Entity and the QI agree that, as described in the preceding paragraph, all Relinquished Properties and all Replacement Properties shall be transferred directly from the applicable Legal Entity to the applicable Buyer or directly from the applicable Seller to the applicable Legal Entity, as the case may be.

  • In particular, there is no consideration of the effectiveness of the Gateway, nor is any attention given to how participants in the options would have fared had they not participated in NDYP at all.

  • Alternatively, each Exchanger will treat one or more Replacement Properties received within the Identification Period for the relevant Relinquished Property(ies) and matched by the applicable Exchanger with one or more Relinquished Property(ies), as constituting an Exchange and as being identified pursuant to Treasury Regulation Section 1.1031(k)-1(c)(1).

  • Partnership and Related Entity will enter into Related Party Sale Agreement pursuant to which Related Party agrees to sell some or all of the Potential TP Replacement Properties that it owns to Partnership, such that Partnership will reinvest at least $a, an amount equal to the gross proceeds realized from the transfer of the TP Relinquished Property less the costs of sale.

  • Related Party will assign its rights under each of the respective purchase agreements to its own qualified intermediary, who will disburse funds held by it from the proceeds of the sale of the Related Party Relinquished Properties plus funds supplied by or on behalf of Related Party to acquire the Final Related Party Replacement Properties.

  • All Potential Affiliate Replacement Properties will be owned by third parties unrelated to Taxpayer, Related Party or the transferring Affiliate.

  • The Potential Related Party Replacement Properties may include properties owned by third parties and properties owned by parties affiliated with or related to Related Party, including but not limited to Taxpayer, under the rules of §§ 267(b) or 707(b) (each an “Affiliate”).

  • Your submission represents that within 180 days from the date of conveyance of the TP Relinquished Property, Partnership intends to complete its exchange by causing QI to acquire and transfer to Partnership a sufficient number of Potential TP Replacement Properties to reinvest an amount not less than the gross realized proceeds derived from disposition of the TP Relinquished Property less exchange costs and expenses of sale (the “Final TP Replacement Properties”).

  • On Date 3, which was within 45 days after the sale of the TP Relinquished Property, Partnership identified certain Potential TP Replacement Properties for replacement and completion of the deferred exchange.


More Definitions of Replacement Properties

Replacement Properties means one or more improved commercial real estate projects or properties acquired for the purpose of completing a tax deferred, like kind exchange of the Boca Marriott pursuant to Section 1031 of the Code (the "Initial Replacement Properties") and any Property acquired by the Partnership or Partnership Subsidiary in exchange therefore pursuant to a further like kind exchange pursuant to Section 1031 of the Code.
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Replacement Properties has the meaning ascribed to such term in Section 5.25(d)(i).
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Replacement Properties means all of the Company's interests in the properties described in Section 1.01A of the Disclosure Schedule and other assets related thereto which are to be transferred to Seller pursuant to the Exchange Agreement.
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Related to Replacement Properties

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • 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.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • 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.

  • 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.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

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

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

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

  • 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.

  • Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.

  • 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;

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Existing Equipment means any items of existing plant or equipment owned or controlled by either Pur- chaser or End-User upon which Supplier is required to perform Services.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.