Undeveloped Land means raw land that has not been filled to grade or been permitted for development.
Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.
Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.
Leased Land means land which is the subject of a lease granted under section 60 or 93G;
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.