Vacant Possession definition

Vacant Possession means delivery of possession of the land comprising the Site, free from all Encumbrances, restrictions or impediments and the grant of all Easements and all other rights appurtenant or in relation thereto;

Vacant Possession means delivery of the possession of the Project Site including the existing structures and development work free from all Encumbrances, restrictions or impediments and the grant of all Easements and all other rights appurtenant or in relation thereto.

Vacant Possession means delivery of the possession of the Project Site free from all Encumbrances, restrictions or impediments and the grant of all Easements and all other rights appurtenant or in relation thereto.

Examples of Vacant Possession in a sentence

• The rental income of each property has been individually assessed and for certain properties it has been ascertained that in arriving at MV-ST no deduction from the prevailing Market Value with Vacant Possession established needs to be made.

• Market Value Assuming Vacant Possession In our opinion, the market value of the proposed freehold interest in the property: It may be noted that this is approximate value estimation.

• In the event of termination of the Concession Agreement by efflux of time or otherwise, this Lease Deed shall stand terminated and the Concessionaire shall hand over the Vacant Possession of the Project Site to the Concessioning Authority or its nominated agency.

• To oversee and drive forward a Master Programme and Vacant Possession Plan for York Central with mutually agreed milestones, and seek to ensure that the obligations on the partners to deliver the component parts of the development are met.

• These are less than the rent that would be obtainable on the open market and the Balance Sheet is therefore lower than the Vacant Possession Valuation.

More Definitions of Vacant Possession

Vacant Possession means delivery of possession of the lands comprising the Project Site, free from all Encumbrances, and the grant of all Easementary Rights and all other rights appurtenant thereto.

Vacant Possession means delivery to Operator of possession of the land constituting the Facility Sites free from all encumbrances and the grant of all easementary rights and all other rights appurtenant thereto.

Vacant Possession means the property has been issued with Occupation Certificate by the Appropriate Authority; and

Vacant Possession means de livery of po ssession of t he Site(s) free from all Enc umbrances to the C oncessionaire and the g rant of all r ights and all other rights appurtenant thereto within the scope of this Agreement;

Vacant Possession. In relation to any part of the Site or the Adjacent Areas means the right to and delivery of exclusive possession thereof subject to;

Vacant Possession means the delivery of a completed parcel to a purchaser or subsidiary proprietor after the issuance of an occupation permit for the immediate enjoyment of the purchaser or subsidiary proprietor as required to be delivered by the developer to the purchaser or subsidiary proprietor under the sale and purchase agreement;

Vacant Possession means: delivery to Tenant of possession of a particular space (other than the Initial Space) with all or substantially all of any previous tenant's movable personal property removed therefrom. Although the following will not be deemed to affect the date that vacant possession of any space is delivered to Tenant, Landlord will have the obligation to diligently perform (or at its option pay Tenant the reasonable costs to perform), if and to the extent necessary, the following work for space other than the Initial Space: to put in good working order any equipment dedicated to that particular space that is not in good working order when that space is delivered to Tenant; and to remove any hazardous substances that exist in such space in more than de minimis amounts when that space is delivered to Tenant if and to the extent that removal then is required under applicable Laws in force at that time. Unless Tenant occupies that particular space to conduct business earlier, Tenant will not be obligated to pay rent for that space until such work is substantially completed or paid for by Landlord. Tenant will notify Landlord promptly if it becomes aware that any of such work is required.