334 ACRES Sample Clauses

334 ACRES. BEGINNING in the line of Xxxxxx and the PWCADC, said point being N 35º 33’ 20” W 859.09 feet from the Southwesterly corner of the PWCADC 83.13 Acre Tract, thence N 35º 33’ 20” W 98.81 feet; thence N 54º 26’ 40” E 77.32 feet; thence N 81º 26’ 25” E 228.11 feet; thence S 52º 03’ 35” E 287 feet; thence S 69º 21’ 26” E 204.82 feet to a point in the line of a 21.055 Acre Tract; thence with said Tract the following courses, S 35º 19’ 02” W 72.36 feet, N 69º 21’ 26” W 197.14 feet, N 52º 03’ 35” W 240 feet, S 81º 26’ 25” W 176 feet and S 54º 26’ 40” W 73.01 feet to the place of beginning, containing 1.334 acres, more or less. Being the same property acquired by the Grantor by virtue of the deed dated May 27, 1999, from Parkersburg-Wood County Area Development Corporation, of record in the office of the Clerk of the County Commission of Wood County, West Virginia, in Deed Book 990, at page 852. There is EXCEPTED from the conveyance of Tract No. 2 the same easement and right of way for purposes of pedestrian and vehicular ingress and egress (together with the right to repair, maintain, improve, extend, replace and reconstruct the existing roadway across said Tract No. 2) and for purposes of drainage and for purposes of laying, placing, installing, maintaining, repairing, extending, replacing, relocating, removing, using and tapping into utilities (whether presently existing or hereinafter installed), in, upon, under, over, through and across the aforesaid Tract No. 2, which was reserved by Parkersburg-Wood County Area Development Corporation in the above-described deed of even date herewith from Parkersburg-Wood County Area Development Corporation. EXHIBIT D PLANS AND SPECIFICATIONS EXHIBIT E BASIC RENT- I Commencement Date until the earlier of the Delivery Date or Expiration Date The Basic Rent payable to Lessor for the Lease of the Existing Campus is payable from the Commencement Date until the earlier of the Delivery Date or the Expiration as follows: LEASE YEARS* ANNUAL RENT** MONTHLY RENT Years 1 (commencing January 21) -3 (adjustment year) $ 2,225,947.04 $ 185,495.58 Years 3 (commencing June 21) -8 (adjustment year) $ 2,230,947.04 $ 185,912.25 Years 8 (commencing June 21) -13 $ 2,235,947.04 $ 186,328.92 * Rent in Lease Years 3 and 8 adjusts commencing June 21 of each Lease Year 3 and 8. ** This Basic Rent payment schedule is calculated in substantial part upon the Total Project Cost as defined in the Original Lease. Effective as of July 1, 2004, ANNUAL RENT at...
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Related to 334 ACRES

  • acres Tract 2:

  • Area of Mutual Interest The “ Xxxxxx Well #1” leases and any new lease to be acquired under this agreement, identified within the legal descriptions above, shall be designated as an Area of Mutual Interest (“AMI”) which shall expire on the termination of this Agreement. If any party hereunder acquires any interest within the AMI, the acquiring party will notify the non-acquiring party in writing of the terms of the acquisition and any costs and/or obligations incurred pursuant thereto within fifteen (15) days following the acquisition. The non-acquiring party will elect in writing within thirty (30) days from its receipt of such notice, as to its election to participate or not participate with its proportionate share of the acquisition. Each non-acquiring party’s election to participate will be accompanied by payment of its share of costs associated with the acquisition. If the non-acquiring party elects not to participate with its proportionate share of the acquisition, the acquiring party may retain the interest for its own benefit. The non-acquiring party’s failure to respond and make payment within the designated time frame shall be deemed an election not to participate in the acquisition. If the interest acquired covers lands lying partially inside and partially outside the boundaries of the AMI, the acquiring party shall offer the entirety of such interest to the non-acquiring party. If a non-acquiring party acquires its proportionate share of such interest, the lands lying outside the AMI and covered by the interest acquired, shall become a part of the “ Xxxxxx Well # 1” Lease and any new lease to be acquired subject to this Agreement and the AMI shall be enlarged to include said lands. Each lease, right, title or interest acquired under the terms of this AMI shall be subject solely to the burdens specified in this agreement and shall include specifically the carried working Interest specified in herein above. The prospect needs to be evaluated by Purchaser’s verification efforts with the understanding that a certain amount of risk is involved in the search and joint venture of oil production in this field despite third party geological reports and efforts by Seller to determine that there are economic quantities of oil to be produced from the “Xxxxxx Lease” lease or any new lease to be acquired under this agreement. Seller does not normally deal with individuals or companies who are not other oil companies or experienced service contractors or sophisticated investors, and it is understood all parties have experience in the oil and gas industry or understand the risks associated with doing business within that industry. Seller acquired the property but has no first-hand experience and was relying on the Operator to finalize the start-up and maintain the property, sell was acquired for investment property.

  • Leasehold Interests Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement without any default of the Company thereunder and, to the best of the Company's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company's knowledge, by any other party thereto. The Company's possession of such property has not been disturbed and, to the best of the Company's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

  • Area of Interest Any additional claims located or acquired by the Lessee within one (1) mile from the exterior boundaries of the mining claims described in Exhibit "A" shall become a part of the leased property and shall be subject to the terms of this lease as of the Effective Date.

  • Rentable Area 6.1. The term “

  • Owned Properties The Company does not own any real property.

  • Rentable Area of the Premises The term "Rentable Area of the Premises" shall mean 7,000 square feet, which Landlord and Tenant have stipulated as the Rentable Area of the Premises. Tenant acknowledges that the Rentable Area of the Premises includes the usable area of the premises, without deduction for columns or projections, multiplied by a load factor to reflect a share of certain areas, which may include lobbies, corridors, mechanical, utility, janitorial, boiler and service rooms and closets, restrooms and other public, common and service areas of the Building.

  • Leasehold Properties In relation to those Properties which are leasehold:

  • Owned and Leased Real Properties (a) Neither Public Company nor any of its Subsidiaries owns or has ever owned any real property.

  • Tax Lot Lender shall have received evidence that the Property constitutes one (1) or more separate tax lots, which evidence shall be reasonably satisfactory in form and substance to Lender.

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