Unimproved Parcels definition

Unimproved Parcels means (a) those portions of the Property identified on Schedule IV attached hereto and made a part hereof and (b) any undeveloped portion of an Individual Property as to which Mezzanine Lender has reasonably determined (x) that such portion is not required for the primary intended use of such Individual Property, and (y) that neither the release of such portion nor the intended use of such portion following such release will adversely affect either the “as leased” appraised value or the net operating income of the remaining portion of such Individual Property.
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Unimproved Parcels means a portion of land of any size, the area of which is determined by the assessor's maps and records and may be identified by an assessor's parcel number upon which no structure is located.
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Unimproved Parcels means, in any Fiscal Year, all Assessor’s Parcels in the CFD that have not, in prior Fiscal Years, been designated as Improved Parcels and are, in the current Fiscal Year designated by the following County Use Codes: 10, 20, 30, 32,
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Examples of Unimproved Parcels in a sentence

  • For the avoidance of doubt, the erecting, maintaining and operating of residential apartment or condominium complexes on Unimproved Parcels after their release shall not be deemed to be inconsistent with the use of the related Individual Property.

  • Permit Mortgage Borrower to subdivide any Individual Property other than with respect to Unimproved Parcels in accordance with the terms of this Agreement or otherwise with the prior consent of Mezzanine Lender which consent shall not be unreasonably withheld, conditioned or delayed.

  • Subdivide any Individual Property other than with respect to Unimproved Parcels in accordance with the terms of this Agreement or otherwise with the prior consent of Lender which consent shall not be unreasonably withheld, conditioned or delayed.

  • At the Closing, Sellers will deliver to Purchaser actual, physical possession of the Acquired Assets, including the Owned Facilities, the Pharmacy Location and the WO Unimproved Parcels and all keys for use at the Facilities, the Pharmacy Location and the WO Headquarters in the possession of or subject to the control of Sellers, including master keys as well as combinations, card keys and cards for the security systems, if any.

  • For the avoidance of doubt, the erecting, maintaining and operating of residential apartment or condominium complexes on Unimproved Parcels shall not be deemed to be inconsistent with the use of the related Leased Property.

Related to Unimproved Parcels

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • 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.

  • Parcels means a property within the District, identified by either a tax map identification number assigned by the Appraisal District for real property tax purposes, by metes and bounds description, or by lot and block number in a final subdivision plat recorded in the official public records of the County, or by any other means determined by the City.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;