Undeveloped Land definition

Undeveloped Land means (i) land owned in fee by the Company or any Subsidiary as of December 31, 2016 which at the time of determination has not been developed for commercial or residential purposes, (ii) land acquired by the Company or any Subsidiary subsequent to December 31, 2016 pursuant to a Code section 1031 like-kind exchange (in exchange for land described in clause (i) or (ii) of this definition) which at the time of determination has not been developed for commercial or residential purposes, or (iii) capital stock or other equity interests of a Subsidiary which owns as its principal asset, directly or indirectly, Undeveloped Land described in clause (i) or (ii) of this definition.

Undeveloped Land means raw land that has not been filled to grade or been permitted for development.

Undeveloped Land means (i) all undeveloped land existing on or acquired after the Issue Date and (ii) any operating property of the Company or any Subsidiary that is subject to a casualty event that results in such property ceasing to be operational.

Examples of Undeveloped Land in a sentence

• Undeveloped land is stated at cost or net realizable value, whichever is lower.

• Undeveloped land within a Conservation Subdivision that has been designated, dedicated, reserved, or restricted in perpetuity from further development and is set aside for the use and enjoyment by residents of the development, or for the preservation, restoration and management of historical, agricultural or environmentally sensitive features.

• Undeveloped land shall mean land in its unaltered natural state or which has been modified to such minimal degree as to have a hydrologic response comparable to land in an unaltered natural state shall be deemed undeveloped.

• Aspirations and intent 2.1. As set out in the Council's “Future Lambeth: Our borough plan” Lambeth has three overarching priorities, all of which are key to the aims of the Statement of Licensing Policy.

• Undeveloped land left in a natural state for specific use as visual open space or environmen- tal purposes.

More Definitions of Undeveloped Land

Undeveloped Land means rear acreage and unimproved nonwaterfront acreage that is not:

Undeveloped Land means, (i) all Real Property set forth on Schedule 1.01D to the 2008 Credit Agreement, (ii) all undeveloped land acquired after the Closing Date and (iii) any operating property of the Borrower or any Subsidiary that is subject to a casualty event that results in such property ceasing to be operational.

Undeveloped Land means land that is free of structure.

Undeveloped Land means, as of any date, any undeveloped land owned from time to time by the Borrower or any other member of the Consolidated Group.

Undeveloped Land means a Real Estate Asset that constitutes land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

Undeveloped Land means any bare or vegetated soil, excluding

Undeveloped Land means (i) all undeveloped land existing on or acquired after the Issue Date and (ii) any operating property of the Issuer or any Subsidiary that is subject to a casualty event that results in such property ceasing to be operational.