Retained Parcel definition

Retained Parcel means any parcel of Owned Real Property which NGL has elected, in accordance with Section 5.17(b), to exclude from the Contributed Assets.
Sample 1Sample 2Sample 3
Retained Parcel means the parcel of land with all improvements thereon designated as Parcel 3 on the Map and as further described in Article II.
Sample 1
Retained Parcel means that certain real property described on Exhibit B attached hereto.
Sample 1

Examples of Retained Parcel in a sentence

  • Once the final subdivision boundaries are approved by Purchaser and Seller, this Agreement shall be amended to replace the current depiction of the Minnesota Property and Seller Retained Parcel attached as Exhibit A-1 with an updated depiction reflecting the final approved boundaries of each parcel.

  • Following such subdivision, Seller may repurchase the Seller Retained Parcel from Purchaser for $100, free and clear of any liens or mortgages created by or through Purchaser, and record the REA (as defined below).

  • Prior to Closing, Seller agrees to execute a subdivision plat reasonably acceptable to Seller that divides the Property and an adjacent tract of twenty-five (25) acres (the "Seller's Retained Parcel") from a larger tract that contains a total of approximately one thousand (1,000) acres.

  • If the subdivision is not accomplished or the Seller Retained Parcel is not conveyed back to Seller during the term of the Lease Agreement for any reason, then Seller’s purchase option as set forth in this Agreement shall be null and void and of no further force and effect.

  • The term “Minnesota Property” as it is referred to herein shall automatically be amended to mean the Shady Oak Property, and the Lease shall (i) permit Tenant’s sublease of the Seller Retained Parcel during the term of the Lease, and (ii) Tenant shall have a right of first offer to repurchase the entire Minnesota Property, subject to and upon the terms and conditions to be specified in the Lease.

  • Notwithstanding the foregoing, Tenant may use the Tenant Retained Parcel for any lawful use.

  • Contemporaneously with the Closing, Seller will record a document describing the covenant in this Section 5.11 in the appropriate public land records for each Retained Parcel.

  • It reflected all physical conditions affecting the Property and the Retained Parcel, sufficient for deletion of the Survey exceptions from the Title Insurance Policy.

  • Tenant shall have no obligation to conduct any portion of its business in the Tenant Retained Parcel.

  • Tenant immediately and irrevocably assigns to Landlord, as security for Tenant’s obligations under this Lease, all rent from any subletting of all or a part of the Properties (other than the Tenant Retained Parcel) as permitted by this Lease, which assignment shall become effective immediately upon an uncured Event of Default.


More Definitions of Retained Parcel

Retained Parcel has the meaning set forth in Section 6.16.
Sample 1
Retained Parcel as defined in the Recitals.
Sample 1
Retained Parcel means the real property and Improvements designated as "Parcel 3" on the Map (and consisting of Parcels 3A and 3B).
Sample 1
Retained Parcel means any parcel of Owned Real Property which NGL has elected, in accordance with Section 5.17(b) , to exclude from the Contributed Assets.
Sample 1

Related to Retained Parcel

  • Forest land means all land which is capable of supporting a merchantable stand of timber and is not being actively used for a use which is incompatible with timber growing. Forest land does not include agricultural land that is or was enrolled in the conservation reserve enhancement program by contract if such agricultural land was historically used for agricultural purposes and the landowner intends to continue to use the land for agricultural purposes in the future. For small forest landowner road maintenance and abandonment planning only, the term "forest land" excludes the following:

  • Parcel 2 ASSESSOR'S PARCEL NUMBER 224-112-31 APPROXIMATELY 8.6 ACRES CONSISTING OF:

  • Host Site means the site at which the Site Host Load is consumed, including real property, facilities and equipment owned or operated by the Site Host or its Related Entities located at such site.

  • adjacent land means all land that borders a property and all land that would have bordered a property, if they were not separated by a river, road, railway line, power transmission line, pipeline, or a similar feature;

  • Project site, where applicable, means the place indicated in bidding documents.

  • Plant Site (Works, Factory) means the local integration of one or more plants, with any intermediate administrative levels, which are under one operational control, and includes common infrastructure, such as:

  • Tandem parking means that two or more automobiles are parked on a driveway or in any other location on a lot, lined up behind one another.

  • bicycle parking space means an area used for parking or storing a bicycle;

  • Water Surface Elevation (WSE means the height, in relation to NAVD 1988, of floods of various magnitudes and frequencies in the floodplains of riverine areas.

  • stacked bicycle parking space means a horizontal bicycle parking space that is positioned above or below another bicycle parking space and equipped with a mechanical device providing floor level access to both bicycle parking spaces.

  • The Project Site, where applicable, means the place or places named in the SCC.

  • bicycle parking space – visitor means an area that is equipped with a bicycle rack for the purpose of parking and securing bicycles, and:

  • Water surface elevation means the height, in relation to the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, where specified, of floods of various magnitudes and frequencies in the floodplains of riverine areas.

  • Project Site(s) means the place(s) specified in the SCC for the supply and installation of the System.

  • Easement Area means the area which is hatched on the plan.

  • Parcel means an identifiable unit of land that is treated as separate for valuation or zoning purposes.

  • Parking Garage means a building or portion of a building, other than a private garage, that is used for the temporary parking of motor vehicles;

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Parking Facilities means the parking area located on the Property, containing the approximate number of lined parking spaces set forth in the Building Description, which parking area is provided as Common Facilities.

  • Basement means any area of the building having its floor subgrade (below ground level) on all sides.

  • Parking Facility means a parking area or structure having

  • Trust Land means all lands held in trust for the Lummi Nation by the United States regardless of location.

  • Garage shall have the meaning ascribed to it in Recital H;

  • Underground area means an underground room, such as a basement, cellar, shaft or vault, providing enough space for physical inspection of the exterior of the tank situated on or above the surface of the floor.

  • Common Areas and Facilities means collectively the Development Common Areas and Facilities and the Residential Common Areas and Facilities and all those parts and such of the facilities of the Development designated as common areas and facilities in any Sub-Deed;

  • ILUA Area means the geographical area in relation to which the Framework ILUA applies, as specified in Schedule 2 of the Framework ILUA;