Approved Land definition

Approved Land means land that has received all Governmental Approvals necessary for immediate development as for-sale residential housing, other than building permits; provided that land that has received all such Governmental Approvals except for state- and federally-issued permits (but not local subdivision and land development approvals, which may, however, be conditioned upon the receipt of state- and federally-issued permits) that the owning Borrower in good faith believes will be issued within 120 days may be included in the Borrowing Base as “Approved Land” for a period of 120 days; provided further that if all such state- and federally-issued permits are not issued within such 120 day period, such land shall no longer be deemed to be “Approved Land” until all such state- and federally-issued permits are actually obtained.
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Examples of Approved Land in a sentence

  • The Borrower shall have the right from time to time to submit another Environmental Certificate in respect of Property that was not initially Environmentally Approved Land following substantial completion of corrective action in accordance with Environmental Laws applicable to exceptions to a prior Environmental Certificate in respect of such Property and provision of documentation of such corrective action reasonably acceptable to the Administrative Agent.

  • The Borrower shall have the right from time to time to submit another Environmental Certificate in respect of Property that was not initially Environmentally Approved Land following the cleanup of any hazardous materials which constituted exceptions to a prior Environmental Certificate in respect of such Property.

  • Once approved by the Minister, any replacement Land Use Plan shall become the Approved Land Use Plan in the place of the Land Use Plan attached hereto as Schedule “ C ” or any prior replacement thereof.

  • Onshore Provide an interim erosion- control plan for review and approval Prior to Proposed Project activities Applicant or contractor Reduce potential impacts due to water discharge Potential Impact Mitigation Measure (MM) Location Monitoring / Reporting Action Timing Effectiveness Criteria LU-2: Disrupt, Displace, or Divide Existing or Approved Land Uses ▇▇ ▇▇-2a: Deconstruction Liaison.

  • Borrower or such Guarantor shall have the right from time to time to submit another Environmental Certificate in respect of land which was not initially Environmentally Approved Land following the cleanup of any hazardous materials which constituted exceptions to a prior Environmental Certificate in respect of such land.

  • Prior to seeking the approval of the Minister to any amendment to or replacement of any Approved Land Use Plan, the Tenant shall engage in timely and meaningful consultations with the City of Winnipeg, for that portion of the Lands which are located in the City of Winnipeg, with the Rural Municipality of ▇▇▇▇▇▇ for that portion of the Lands which are located in the Rural Municipality of ▇▇▇▇▇▇, and with appropriate federal government departments.

  • Any amendment to any Approved Land Use Plan (whether the Land Use Plan in Schedule “ C ” or any replacement Land Use Plan), once approved by the Minister, shall be a part of the Approved Land Use Plan.

  • ELIGIBLE DEVELOPMENT COSTS shall mean expenses, to the extent paid in cash for site development costs which are included in Approved Land Inventory, Approved Developed Lots Inventory or Approved Land Under Development Inventory, in connection with sites for which undrawn Letters of Credit are outstanding to support such site development costs.

  • In the event the Minister fails to notify the Tenant within the ninety (90) day period referred to in Subsection 7.02.05 that he does or does not approve the proposed replacement of or amendment to any Approved Land Use Plan, then such proposed replacement of or amendment to any Approved Land Use Plan, as the case may be, shall be deemed to be approved by the Minister.

  • The Tenant acknowledges that no approval will be given to any replacement of or any amendment to any Approved Land Use Plan which would detrimentally affect Airside operations.

Related to Approved Land

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

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Undeveloped Land means raw land that has not been filled to grade or been permitted for development.

  • Developed Land means non-vacant land that is likely to be redeveloped during the planning period.