Reverter deed definition

Reverter deed means the deed from developer to a grantee that contains a possibility of reverter;
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Reverter deed means the deed from a developer to a grantee that contains a possibility of reverter. "Sales person" means a person who sells or offers to sell time-share interests in a time-share
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Reverter deed means the deed from developer to a grantee that contains a possibility of reverter; 1229 "Sales person" means a person who sells or offers to sell time-share interests in a time-share 1230 program; 1231 "Situs" means the place outside the Commonwealth where a developer's time-share project is located; 1232 "Situs Time-Share Act" means the Act, howsoever denominated, that regulates the offering, 1233 disposition, and sale of time-shares applicable to the property outside the Commonwealth where the 1234 time-share project is located; 1235 "Time-share" means either a time-share estate or a time-share use plus its incidental benefits; 1236 "Time-share estate" means a right to occupy a unit or any of several units during five or more 1237 separated time periods over a period of at least five years, including renewal options, coupled with a 1238 freehold estate or an estate for years in a time-share project or a specified portion thereof; 1239 "Time-share estate occupancy expense" has the meaning ascribed to it in § 55-369; 1240 "Time-share estate subject to reverter" means a time-share estate (i) entitling the holder thereof to 1241 occupy units not more than four weeks in any one year period; and (ii) for which the down payment is 1242 not more than 20 percent of the total purchase price of the time-share estate; 1243 "Time-share expense" means (i) expenditures, fees, charges, or liabilities incurred with respect to the 1244 operation, maintenance, administration or insuring of the time-shares, units, and common elements 1245 comprising the entire time-share project, whether or not incurred for the repair, renovation, upgrade,
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More Definitions of Reverter deed

Reverter deed means the Limited Warranty Deed through which the Developer will convey the real property of the Project Area and any improvements thereon back to the City and/or the Authority upon the City’s or the Authority’s exercise of its right of reverter as set forth in Section 4.5.
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Reverter deed means the limited warranty claim deed through which the Developer will convey the South Site and any improvements thereon back to the Authority upon the Authority’s exercise of its right of reverter as set forth in Section 4.6.
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Related to Reverter deed

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  • As built plans means drawings depicting conditions as they were actually constructed.

  • development charge means a charge imposed pursuant to this By-law;

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • land use scheme means the land use scheme adopted and approved in terms of Chapter 3 and for the purpose of these By-laws include an existing scheme until such time as the existing scheme is replaced by the adopted and approved land use scheme.

  • Contract feeder means a person who as an independent contractor, feeds commercial feed to animals pursuant to a contract whereby such commercial feed is supplied, furnished or otherwise provided to such person and whereby such person’s remuneration is determined all or in part by feed consumption, mortality, profits or amount or quality of product.

  • Sediment means solid material, mineral or organic, that is in suspension, is being transported, or has been moved from its site of origin by air, water or gravity as a product of erosion.

  • Underground storage means storage of gas in a subsurface stratum or formation of the earth.