Replacement Land Sample Clauses
The Replacement Land clause outlines the conditions under which one parcel of land may be substituted for another within the context of a contract or agreement. Typically, this clause specifies the criteria that the replacement land must meet, such as size, location, and suitability, and details the process for approval or acceptance by the relevant parties. Its core practical function is to provide flexibility in situations where the originally designated land becomes unavailable or unsuitable, thereby ensuring the continuity of the agreement and minimizing potential disputes.
Replacement Land. In the event of any relocation of Pathnet's System or Facilities under Section 20.1, Railroad shall not be required to purchase for Pathnet any replacement land or right-of-way or to pay Pathnet the cost to secure same if there is not available Rail Corridor. However, Railroad agrees to allow Pathnet to relocate to any other available adjacent or nearby Rail Corridor or other land owned by Railroad at Pathnet's sole cost; provided, however, that Railroad shall not be entitled to any additional payment for such replacement Railroad land or Rail Corridor and the total mileage of such Rail Corridor or replacement land to which Pathnet relocates shall be deducted from and the abandoned Rail Corridor shall be added to the total mileage of Designated Rail Corridor permitted under the License Agreement.
Replacement Land. The Diversion Authority has or may obtain land from the City of Oxbow, or make arrangements with the City of Oxbow to provide land to Oxbow CC, to be used for replacement of existing golf holes obtained by the Diversion Authority, taking into consideration the unique nature of the existing holes, (including landscaping, mature trees, and certain views and vistas) to be taken and the value of land used for replacement.
Replacement Land. Lands which are not available for disposition under the Water Power Act (Manitoba) shall not be selected under Article 3.5.4(c)(ii) or Article 3.5.9 (b)(ii). Determinations by the Minister under The Water Power Act (Manitoba) contemplated under Article 3.5.10 are discretionary and are not subject to arbitration under this Agreement. The replacement lands selected shall not abut upon or be adjacent to waterways which are, or may be, influenced by the Project..
Replacement Land. Government shall use reasonable efforts to locate and provide a parcel of replacement land that is acceptable to Investor and of reasonably equivalent size and condition (including yield and other material characteristics) to the portion of the Concession Area being exploited pursuant to Section 4.6 or 4.7 if such land is available, provided, however, that such portion of the Concession Area is being used or is reasonably expected to be used by Investor for Investor Activities. If there is no such replacement land available, Government shall compensate Investor for the Fair Market Value of the property and assets taken by Government and the economic loss that the Investor suffered. In calculating such Fair Market Value, the Parties shall take into account the economic loss and any reduction in value of the Investor Activities under the then current Development Plan. In no event shall the value of any minerals or other natural resources that may be identified with respect to such parcel of property be taken into account in calculating the Fair Market Value of Investor's use of such land.