Undivided Share of Land definition

Undivided Share of Land means the undivided proportionate share of the land on which the Said Complex is being developed excluding the Common Land Area calculated in proportion to the super area of the Dwelling Unit to the total super area of all the dwelling units, other buildings, shops etc.
Sample 1Sample 2Sample 3
Undivided Share of Land means the undivided proportionate share of the land on which the Said Project is being developed excluding the Common Land Area calculated in proportion to the Super Area of the Said Apartment to the total super area of all the apartments, other buildings, etc., including the club. For all intents and purposes and for the purpose of the terms and conditions setout in this Application, singular includes plural and masculine includes feminine and other gender.
Sample 1

Examples of Undivided Share of Land in a sentence

  • The Applicant agrees that NBCC may, at its sole discretion and for the purpose of complying with the provisions of the Act or any other applicable laws, substitute the method of calculating the Undivided Share of Land in any declaration with respect to the Dwelling Unit.

  • Subject to the other terms and conditions of this Application/ Ag reement, on and after the payment of the Total Price and other charges and dues as per the Application/ Agreement, the Applicant shall have the i) ownership of the dwelling unit area; ii) the Undivided Share of Land; iii) undivided interest and the common right to use common area and facilities along with the other owners and; iv) exclusive use of the Parking Spaces.

  • The Applicant agrees that the Company may in its sole discretion and for the purpose of complying with the provisions of the Act or any other applicable laws substitute the method of calculating the Undivided Share of Land in any declaration with respect to the Dwelling Unit.

  • The Applicant agrees that NBCC may in its sole discretion and for the purpose of complying with the provisions of the Act or any other applicable laws substitute the method of calculating the Undivided Share of Land in any declaration with respect to the Dwelling Unit.

  • Out of 84.02 acres, lands admeasuring 8.14 acres have been gifted in favour of Pudupakkam Village Panchayat and Padur Village Panchayat towards open space requirements and the remaining land of 75.88 acres is available for sale as part of Undivided Share of Land (UDS) as and when the residential apartments are sold.

  • Undivided Share of Land" means the undivided proportionate share of the land on which the Said Complex is being developed excluding the Common Land Area calculated in proportion to the super area of the Dwelling Unit to the total super area of all the dwelling units, other buildings, shops etc.For all intents and purposes and for the purpose of the terms and conditions set out in this application, singular includes plural and masculine includesfeminine gender.

  • Ref Rule 27 Open Market Value of1) Undivided Share of Land received by builder2) Market Value of Apartments transferred to Landowner3.Developer– End CustomerEarliest of Actual Money received / Receivable.4.Land Owner– End CustomerEarliest ofActual Money received / Receivable.

  • Subject to the other terms& conditions of this application/ agreement, on and after the payment of the Total Price and other charges and dues as per the Application/ Agreement, the Applicant shall have the (i) Ownership of the dwelling unit area; (ii) the Undivided Share of Land; (iii) undivided interest and the common right to use common area and facilities alongwith the other owners and; (iv) exclusive use ofthe Parking spaces if purchased and allotted to the Applicant.

  • Current source approval will not be interrupted during the review process.

  • Description and full particulars of the Secured Assets Description of the Secured AssetsReserve Price (Rs.) 1 To be retained if applicableand deposit amount House Tax) (including common area) situated at Pallikaranai Village, Meenakshipuram 2nd Street, Comprised in Survey No.629 as per Patta Survey No.629/53,bearing Plots 63,64 & 65, admeasuring an extent of 400 Sq.Ft., Undivided Share of Land out of 7200 Sq.Ft.,in Sholinganallur Taluk, Kanceepuram District.

Related to Undivided Share of Land

  • Undivided Interest means the undivided interest in the Trust evidenced by an Investor Certificate.

  • Undivided profits means the accumulated undistributed net profits of a state bank, including any residue from the fund established pursuant to section 524.401, subsection 4, after:

  • Fractional Undivided Interest Means the fractional undivided interest in the Trust that is evidenced by a Certificate.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • Participating Interest is defined in Section 1.2(d) hereof.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • CAM Percentage means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate Dollar Equivalent of the Designated Obligations owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate Dollar Equivalent amount of the Designated Obligations owed to all the Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Class B Percentage Interest means, with respect to a Class B Member as of a given date, that percentage obtained by dividing the total number of Class B Units owned by such Member by the total number of Class B Units issued and outstanding.

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Pro Rata Share As to any Distribution Date, the Subordinated Principal Distribution Amount and any Class of Subordinated Certificates, the portion of the Subordinated Principal Distribution Amount allocable to such Class, equal to the product of the Subordinated Principal Distribution Amount on such Distribution Date and a fraction, the numerator of which is the related Class Certificate Balance thereof and the denominator of which is the aggregate of the Class Certificate Balances of the Subordinated Certificates.

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

  • Percentage Share means the percentage of the Aggregate Commitments to be provided by a Lender under this Agreement as indicated on Annex I hereto, as modified from time to time to reflect any assignments permitted by Section 12.06(b).

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.