Sale of a property definition

Sale of a property means to give away a right in a property absolutely and 'Purchase of a property' means to get a right in a property. ‘Sale and Purchase’ is the most common mode of acquisition of rights to give away and to get a property.
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Sale of a property means (a) any, direct sale or conveyance, assignment, transfer, exchange or other disposition of all or any part of a Property; or (b) any assignment, sale, conveyance, assignment, transfer, exchange, or other disposition of 100% of the ownership interests, direct or indirect, of a Property Owner, in each case under (a) or (b) to a Person that is not a member of the DCTRT Group or any of such Person’s respective Affiliates unless the same is a Permitted Affiliate Sale of a Property.
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Examples of Sale of a property in a sentence

  • Sale of a property in violation of this Section 2.10 shall constitute an Event of Default.

  • Sale of a property in violation of this Section 2.9 shall constitute an Event of Default.

  • The principal operations were:• Sale of a property in Luxembourg in April 2021, generating again of €115 million.• Sale of a storage warehouse at Cergy in the Paris region in November 2021, generating a gain of €59 million, and of various real estate complexes belonging to the RRG distribution network during the second half of 2021, generating a gain of €124 million.• Sale of a property owned by RRG in Germany during the second half of 2021, with a net impact of €52 million on net income.6-D.

  • Sale of a property without the intervention of an agent is considered to be an arm’s length transaction provided there is no relationship between the vendor and the purchaser.Firstmac will consider loans for purchases where there is no agent involved in the sale provided the valuer has commented within the valuation report acknowledging awareness of the terms of the sale and that the valuation represents fair market value as defined by the memorandum upon which the API pro-forma valuation is based.

  • Roll Call – Ayes – 10, Abstain – 1(Abstain – May) Mr. Nuss made the motion to adopt Resolution 21 – 28 (Sale of a property in Mona Twp.

  • Roll Call – Unanimous Mr. Nuss made the motion to adopt Resolution 21 – 43 (Sale of a property in Peach Orchard Twp.

  • The County and DESEU agree that the proceeds of the winning bid in any such County Tax Sale of a property that also has a delinquent Benefit Assessment shall first be applied to pay the then-delinquent real property taxes, school taxes, sewer charges and other amounts due to the County plus all penalties and interest thereon (if any) before any such proceeds are applied to the Benefit Assessment.

  • Sale of a property without the intervention of an agent is considered to be an arm’s lengthtransaction provided there is no relationship between the vendor and the purchaser.Firstmac will consider loans for purchases where there is no agent involved in the sale provided the valuer has commented within the valuation report acknowledging awareness of the terms of the sale and that the valuation represents fair market value as defined by the memorandum upon which the API pro-forma valuation is based.

  • APPROVAL OF SALE Any Agreements for Sale of a property owned by the Region must be signed by an authorized officer of the region.

  • Sale of a property held long-term by GSA for more than its net book value will recognize gain.

Related to Sale of a property

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Qualified agricultural property means that term as defined in section 1211 of the revised school code, MCL 380.1211.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Agricultural property means property that is used primarily for agricultural purposes but, without derogating from section 9 of the Act, excludes any portion thereof that is used commercially for the hospitality of guests, and excludes the use of the property for the purpose of eco-tourism or for the trading in or hunting of game;

  • Residential property means improved property that:-

  • 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.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Release Property has the meaning set forth in Section 2.5.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Qualifying project means (i) any education facility, including, but not limited to a school building, any functionally related and subordinate facility and land of a school building (including any stadium or other facility primarily used for school events), and any depreciable property provided for use in a school facility that is operated as part of the public school system or as an institution of higher education; (ii) any building or facility that meets a public purpose and is developed or operated by or for any public entity; (iii) any improvements, together with equipment, necessary to enhance public safety and security of buildings to be principally used by a public entity; (iv) utility and telecommunications and other communications infrastructure; (v) a recreational facility; (vi) technology infrastructure and services, including, but not limited to, telecommunications, automated data processing, word processing and management information systems, and related information, equipment, goods and services; (vii) any technology, equipment, or infrastructure designed to deploy wireless broadband services to schools, businesses, or residential areas; or (viii) any improvements necessary or desirable to any unimproved locally- or state-owned real estate.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • 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.

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • residential land means land used or capable of being used for residential purposes (but does not include land on which there is no residential dwelling).

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, including the allocation of individual dwelling units to the holders of the Coop Shares of the Cooperative Corporation.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • Specified Property means property for which an election has been made for a special elective benefit.