Commercial Land means that area of the Airport which is designed for businesses and commercial activity, but may be leased to private individuals at the commercial rate.
Commercial Land means Property which: (a) is zoned for commercial purposes as a use by right (or comparable classification under local law); (b) is owned in fee simple by the Borrower or a Subsidiary Guarantor; (c) is located in the United States of America; (d) with respect to such Property, no payment or other material default by the Borrower or a Subsidiary Guarantor in the payment or performance of any assessment district obligations, special facility obligations or other similar obligations has occurred and is continuing with respect to such Property; (e) is not subject to any Liens other than Permitted Liens; (f) if all or any portion of such Property secures Permitted Deferred Purchase Price Debt, no enforcement action has been taken or is threatened to be taken by any holder of such Permitted Deferred Purchase Price Debt; and (g) is adjacent to and developed in connection with Residential Land.
Commercial Land means land used for commercial purposes, whether wholesale, retail or service, carrying on a trade, business or profession, and includes land used or occupied by a non-profit organization which would, if the land were so used or occupied by a trade or business, be treated as commercial land, but does not include agricultural land;”;
Examples of Commercial Land in a sentence
None of the Undeveloped Residential Land or the Undeveloped Commercial Land is subject to any material agreement restricting or limiting its development except as set forth on Schedule 6.27.
The Improvements and the use of the Commercial Land and Improvements complies in all respects with applicable Legal Requirements.
The Commercial Land shall not include any of the Common Area Land.
Retail 19% Hotel 18% Office 18% Warehouse / Industrial 12% Land-Mobile Home Park 5% Healthcare Facility 3% Self Storage 2% Other 23% 1-4 Family to be sold 43% Commercial Land 31% 1-4 Consumer Construction 9% Retail 4% Self Storage 3% Multifamily 2% Other 8% 1-4 family 16% 1-4 family HELOC 6% Multifamily 5% C&D 16% CRE 23% C&I 30% Other 4% Balanced loan portfolio CRE2 exposure by type Portfolio mix 1 C&I includes owner-occupied CRE.
Collectively, the Developed Commercial Land and the Undeveloped Commercial Land.
More Definitions of Commercial Land
Commercial Land means ratable land that is not situated in a country lands water district and—
Commercial Land means land, the occupation and use of which is primarily for non-residential purposes and may be commercial or industrial by nature;
Commercial Land means land that is not residential land;
Commercial Land means any land which is predominantly used for or is capable of use for commercial or industrial purposes which have the approval of the Island Council and of the Governor;]
Commercial Land means land that is taken under section 8(2) of the Act to be used for the purpose defined as "commercial" in that section;
Commercial Land means land most suitable for wholesale or retail businesses, financial institutions, professional offices and clinics, service trades and occupations, privately owned public utilities and similar businesses.
Commercial Land means those parcels in the King County Assessor’s property classifications of: Hotel/Motel, 51; Rehabilitation Center, 55; Resort/Lodge/Retreat, 58; Nursing Home, 59; Shopping Ctr (Nghbrhood), 60; Shopping Ctr (Community), 61; Shopping Ctr (Regional), 62; Shopping Ctr (Maj Retail), 63; Shopping Ctr (Specialty), 64; Retail (Line/Strip), 96; Retail Store, 101; Retail (Big Box), 104; Retail (Discount), 105; Office Building, 106; Office Park, 118; Medical/Dental Office, 122; Condominium (Office), 126; Mining/Quarry/Ore Processing, 138; Bowling Alley, 140; Campground, 141; Driving Range, 142; Golf Course, 143; Health Club, 145; Marina, 146; Movie Theater, 147; Park, Private (Amuse Ctr), 150; Ski Area, 152; Skating Rink (Ice/Roller), 153; Sport Facility, 156; Art Gallery/Museum/Soc Srvc, 157; Parking (Assoc), 159; Auditorium//Assembly Bldg, 160; Auto Showroom and Lot, 161; Bank, 162; Car Wash, 163; Club, 166; Conv Store without Gas, 167; Conv Store with Gas, 168; Restaurant (Fast Food), 171; Hospital, 173; Mortuary/Cemetery/Crematory, 179; Parking (Commercial Lot), 180; Parking (Garage), 182; Restaurant/Lounge, 183; School (Private), 185; Service Station, 186; Tavern/Lounge, 188; Vet/Animal Control Srvc, 190; Grocery Store, 191; Daycare Center, 193; Mini Lube, 194; Warehouse, 195; High Tech/High Flex, 202; Industrial Park, 210; Service Building, 216; Industrial (Gen Purpose), 223; Industrial (Heavy), 245; Industrial (Light), 246; Air Terminal and Hangers, 247; Mini Warehouse, 252; Terminal (Rail), 261; Terminal (Marine/Comm Fish), 262; Terminal (Grain), 263; Terminal (Auto/Bus/Other), 264; Utility, Private (Radio/T.V.), 267; Terminal (Marine), 271; Historic Prop (Office), 273; Historic Prop (Retail), 274; Historic Prop (Eat/Drink), 275; Historic Prop (Loft/Warehse), 276; Historic Prop (Park/Billbrd), 277; Historic Prop (Rec/Entertain), 279; Historic Prop (Misc), 280; Shell Structure, 339; Bed & Breakfast, 340; Gas Station, 343.