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.
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Retained Parcel as defined in the Recitals.
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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.
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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.

  • 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.

  • 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.

  • 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).

  • In addition, Seller shall pay to Purchaser (or Purchaser's Affiliate) all holding costs associated with the Retained Parcel, including, without limitation, the pro rata share of Real Estate Taxes and insurance (if any) attributable to the Retained Parcel.

  • Seller shall not be obligated to sell the Retained Parcel to Purchaser, if Seller is has not entered into leases acceptable to Purchaser and Seller.

  • Prior to the Commencement Date, Tenant commenced the process of subdividing the Minnesota Property so that Tenant could retain fee ownership of the Tenant Retained Parcel (the “Subdivision”).

  • After the Initial Closing, the provisions regarding loss or damage, as well as condemnation in Section 16.2 shall survive the Initial Closing until the later of the Closing of the purchase of the Retained Parcel or termination of the Ground Lease for the Retained Parcel.

  • If Landlord advises Tenant that it intends to exercise Landlord’s Purchase Rights, then upon the Subdivision, Landlord shall assign Landlord’s Purchase Rights to an Affiliate of Landlord or an Affiliate of Landlord’s now-current managing member (the “Landlord Purchasing Entity”), and the Landlord Purchasing Entity shall purchase the Tenant Retained Parcel concurrently with the Subdivision for the TRP Purchase Price.


More Definitions of Retained Parcel

Retained Parcel means that certain real property described on Exhibit B attached hereto.
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Retained Parcel means the real property and Improvements designated as "Parcel 3" on the Map (and consisting of Parcels 3A and 3B).
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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.
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Retained Parcel has the meaning set forth in Section 6.16.
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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 COMMON AREA APPURTENANT TO EACH COMMERCIAL UNIT PARCEL 3: NONEXCLUSIVE EASEMENTS PARCEL C (COMPRISING PARCEL 1, PARCEL 2, AND PARCEL 3,) PARCEL 1;

  • 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 of the servient lot marked on the survey-strata plan as being subject to the relevant easement; and

  • 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 parking lots or other off-street areas for the parking of vehicles, including areas below or above the surface of streets.

  • 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 an interest in land the title to which is held in trust by the United States for an Indian or Indian tribe, or by an Indian or Indian tribe subject to a re- striction by the United States against alien- ation;

  • 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;