Xxxxxxxxxxx Property definition

Xxxxxxxxxxx Property means all right, title, and interest of Xxxxxxxxxxx, LLC in (i) those certain oil and natural gas (including coalbed methane and natural gas liquids and any other constituents) leases set forth on Schedule 1.2(g), Part I, TO THE EXTENT AND ONLY TO THE EXTENT such leases are related to formations above the top of the Rhinestreet formation, (ii) all wellbores and associated facilities owned by Xxxxxxxxxxx, LLC as of the Effective Date, including those set forth on Schedule 1.2(g), Part II, and (iii) all deeds, easements, or licenses (including roadways) set forth on Schedule 1.2(g), Part III. For the avoidance of doubt, if any lease set forth on Schedule 1.2(g), Part I covers only depths above the top of the Rhinestreet, all right, title, and interest in such lease shall be Xxxxxxxxxxx Property.

Xxxxxxxxxxx Property is defined in the Preamble to this Agreement. (jjj) “Smokestacks Threshold” is defined Section 7.b. of this Agreement.

Xxxxxxxxxxx Property means all right, title, and interest of Xxxxxxxxxxx, LLC in (i) those certain oil and gas leases set forth on Schedule 1.2(g), Part I, TO THE EXTENT AND ONLY TO THE EXTENT such leases are related to formations above the top of the Rhinestreet formation, (ii) all wellbores and associated facilities owned by Xxxxxxxxxxx, LLC as of the Effective Date, including those set forth on Schedule 1.2(g), Part II, and (iii) all deeds, easements, or licenses (including roadways) set forth on Schedule 1.2(g), Part III. For the avoidance of doubt, if any lease set forth on Schedule 1.2(g), Part I covers only depths above the top of the Rhinestreet, all right, title, and interest in such lease shall be Xxxxxxxxxxx Property.

Examples of Xxxxxxxxxxx Property in a sentence

• Except for the Cherokee ROFR, Caesars Virginia shall not, whether by operation of law or otherwise, Transfer this Agreement or the Xxxxxxxxxxx Property or any interest in either without the prior written consent of the City, which consent shall not be unreasonably withheld.

• The Parties acknowledge that several existing structures, including the structures referred to as the “Smokestacks” and the “Finishing Plant,” are situated on the Xxxxxxxxxxx Property.

• In addition to selling to Caesars Virginia the entirety of its interest in the Xxxxxxxxxxx Property, for a period of ten (10) years following the Final Completion Date, the XXX agrees to provide to Caesars Virginia a right of first refusal with respect to two other properties, identified by Parcel Identification Numbers 51588 and 60539 (together, the “Additional Properties”), owned by the XXX.

• On or before December 31, 2020, the XXX shall sell to Caesars Virginia, and Caesars Virginia shall purchase, the entirety of the IDA’s interest in, and convey marketable title to, the Xxxxxxxxxxx Property for the sum of five million and 00/100 dollars ($5,000,000.00).

• The development of the corridor within the City between the North Carolina border located on Highway 29-Business and the Xxxxxxxxxxx Property (the “Corridor”) is important to the Parties.

• During the development stage (based on a two-year development period), it is expected that a minimum of 900 individuals on an annualized basis will perform work related to the development of the Xxxxxxxxxxx Property and construction of the Project.

• This provision shall not be construed to prohibit the transfer of the Xxxxxxxxxxx Property to a real estate investment trust specializing in casino properties, so long as either CEC or Caesars Virginia is a lessee of the Xxxxxxxxxxx Property and CEC and Caesars Virginia remain liable under this Agreement.

• Caesars Virginia will make an initial capital investment, inclusive of all costs associated with the planning, design, and construction of the Project, of at least seven hundred fifty million dollars ($750,000,000.00) to develop the Project on the Xxxxxxxxxxx Property with an emphasis on a total destination resort with many facets and amenities, and Caesars Virginia agrees to make additional capital expenditures each year to maintain the Project at First Class Casino Standards.

More Definitions of Xxxxxxxxxxx Property

Xxxxxxxxxxx Property means that certain parcel or parcels of real property consisting of approximately 279 acres of land, as more particularly described in two deeds recorded among the Land Records in Liber 4118, folios 115-128, which property is adjacent to the Property (hereinafter defined).