Resort Land definition

Resort Land means the land and all appurtenant rights thereto as described on Schedule II-A attached hereto.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Resort Land means, collectively:

Resort Land means the land described in the Schedule and land not described in the Schedule that is deemed to be resort land under subsection 5 (3), and includes each lot, condominium unit or other parcel into which such land is subdivided, but does not include land that is deemed not to be resort land under subsection 5 (4).

Examples of Resort Land in a sentence

Seller shall have delivered or caused to be delivered to Buyer, or Buyer shall have otherwise received, on or before the Closing Date, in a form reasonably satisfactory to Buyer, all necessary agreements, waivers, authorizations and consents to the transfer, assignment or reissuance of all Assumed Permits, to the extent available from applicable governmental authorities, required for the ownership and operation of the Purchased Assets and the Resort Land consistent with its historical operations.
Buyer shall extend the same liability insurance as is currently in place at ASC's existing Ski Resorts to the Resort Land during the period of Buyer's use or occupancy of the same under this Section 10.03(b), and shall have the Seller named as an additional insured on such policy(s) of insurance.
Seller shall (i) not alter, disassemble or remove any Purchased Assets from the Resort Land or take any other action in connection with the Purchased Assets which has or is likely to have a material adverse affect upon the value of, or beneficial use of, the Purchased Assets or the ability to continue to engage in the Ski Area Business, and (ii) maintain in full force and effect any and all contracts, permits and licenses which are Purchased Assets or Assumed Liabilities.

More Definitions of Resort Land

Resort Land means the land in a mountain resort area that is specified by the minister as resort land and includes a lot, strata lot or other parcel into which the land is subdivided

Resort Land means the land located in the Thompson-Nicola Regional District, Province of British Columbia and which is described and shown outlined in bold black on the map attached as Schedule “B”, (or, if not attached, as available on request from SPMRA office) except the areas marked with cross hatches, and the land deemed to be resort land under By-law 2.2, or a lot, strata lot or other parcel into which the land is subdivided;