Benefited Property definition

Benefited Property means a Qualified Property for which the Qualified Property Owner has entered into a Finance Agreement for a Qualified Project.

Benefited Property means property that accrues benefits from a project.

Benefited Property or "property that benefits" means and includes residential real

Examples of Benefited Property in a sentence

• Neither the Benefit Assessment Lien nor any Annual Installment Lien shall be extinguished or accelerated in the event of a default or bankruptcy of the Benefited Property Owner.

• If any Benefited Property Owner fails to pay an Annual Installment Amount, the Financing Party may redeem the Benefited Property by paying the amount of all unpaid Municipal Liens thereon, and thereafter shall have the right to collect any amounts in respect of an Annual Installment Lien by foreclosure or any other remedy available at law.

• Upon execution and delivery of the Finance Agreement, the Benefited Property Owner shall be eligible to receive funds from the Financing Party for the acquisition, construction, and installation of a Qualified Project, together with Eligible Costs and Financing Charges approved by EIC and by the Financing Party, provided the requirements of the Enabling Act, the Municipal Agreement and this local law have been met.

• Upon the making of the loan pursuant to the Finance Agreement, the Secured Amount shall become a special Benefit Assessment Lien on the Benefited Property in favor of the Municipality.

• Each Annual Installment Amount shall be considered a charge upon the Benefited Property and shall be collected by EIC, on behalf of the Municipality, at the same time and in the same manner as real property taxes or municipal charges.

More Definitions of Benefited Property

Benefited Property means property within PID No. 1 that receives a benefit from the Authorized Improvements, which consists of all Parcels within PID No. 1 other than Non-Benefited Property. Benefited Property is identified on the map of PID No. 1 included an Appendix A, with a list of Parcels of Benefited Property included in Appendix C.

Benefited Property means property that has accrued a benefit from a project.

Benefited Property means the property upon which the land use requiring Off-Site Parking Spaces exists,as described in Exhibit A.

Benefited Property means property receiving or having the potential of receiving sanitary

Benefited Property means all parcels of real property that are located within the MSBU and receive a benefit from the Beach Renourishment Project, as provided herein.

Benefited Property means any lot, tract or parcel benefited in any manner by the existence of the District. A lot, tract or parcel is deemed to be benefited if any residential, commercial, industrial, con- dominium, recreational, apartment, or other development (“improve- ment”) is located on the lot, tract or parcel and connected to the facilities of the District; or if the value of the lot, tract or parcel is enhanced by the fact that the District’s facilities are available; or if the lot, tract or parcel benefits in any manner.

Benefited Property shall include the Property, the Development (as defined in the Declaration), and Xxx 0, Xxxxx X, XXXXXXXX XXXXX, a subdivision in Xxxxxx County, Texas, according to the map or plat thereof, recorded under Document No. 200400150, Official Public Records of Xxxxxx County, Texas.