Deleted Parcel definition

Deleted Parcel means, (A) the Environmentally Defective Parcel, if such Environmentally Defective Parcel is either an entire separate legal or deeded tract, or (if not) can be subdivided by the execution and recordation of a deed (in which event Purchaser and Seller, each acting reasonably, shall mutually agree on the boundaries and configuration of such Deleted Parcel, provided that such Deleted Parcel shall be configured to be merchantable timberlands and to not adversely affect the ability of Purchaser or its successors to operate and harvest the Timberlands contiguous thereto), or (B) otherwise, the full deeded or legal tract or tracts in which such Environmentally Defective Parcel is located (regardless of how much larger the Deleted Parcel is than the Environmentally Defective Parcel).
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Deleted Parcel has the meaning specified in Section 9.4(b).
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Deleted Parcel has the meaning set forth in Section 2.10.
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Examples of Deleted Parcel in a sentence

  • Parcel 15 (intentionally deleted and replaced by 15A and 15B) Parcel 15C Intentionally Deleted Parcel 16 That portion of Section 3 in Township 1 North, Range 41 East, PMM, described as Trac▇ ▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇.

  • If either the Deleted Parcel or the remainder of the related REC Parcel require access over the other to provide practical access to a public road, the parties shall at the Closing, create appropriate 60’ wide easements for roads and utilities benefiting the parcel requiring such access.

  • If the Parties are unable to mutually agree on the fair market value of the Casualty Carve Out, or if applicable, the discounted cash flows with respect to the applicable Leasehold Interest, within thirty (30) days after Purchaser’s delivery of notice of Purchaser’s election to exclude the Casualty Carve Out from the Purchased Assets, then the Casualty Carve Out shall determined by an Independent Appraiser in accordance with Section 11.5(c) below as though the Casualty Carve Out were a Deleted Parcel.

  • Parcel D: Intentionally Deleted Parcel E: Parcel 1 of Parcel Map ▇▇.

  • In the event any Designated Parcel is so deleted, Assignee shall have no right under Section 4.09 of the ERPA or otherwise, to lease such Deleted Parcel from Seller or to otherwise acquire any interest in such Deleted Parcel.

  • Promptly after Purchaser’s delivery of written notice of Purchaser’s election to exclude the Deleted Parcel from the Purchased Assets, the Parties shall consult and negotiate with each other in good faith regarding the appropriate reduction in the Installment Note Purchase Price for said Deleted Parcel.

  • If the Parties are unable to mutually agree on the fair market value of any Excluded Parcel, or if applicable, the discounted cash flows with respect to the applicable Leasehold Interest, within thirty (30) days after Purchaser’s delivery of notice of Purchaser’s election to exclude the Excluded Parcel from the Purchased Assets, then the Excluded Parcel shall determined by an Independent Appraiser in accordance with Section 11.5(c) above as though the Excluded Parcel were a Deleted Parcel.

  • The parties shall cooperate in determining the boundaries of the Deleted Parcel, and in obtaining any partition or land division approvals for the creation of the Deleted Parcel and the remainder of applicable REC Parcel as separate legal lots which are separately conveyable.

  • The Independent Appraiser shall within thirty (30) days of such final submissions, select one of the two final submissions (and shall not select any other amount) as being most representative of the fair market value of such Deleted Parcel, or if applicable, the discounted cash flows with respect to the applicable Leasehold Interest, and the submission so selected shall be final and binding on the Parties.

  • Any such parcel(s) so deleted (individually, a "Deleted Parcel" and collectively, the "Deleted Parcels") shall no longer be part of the Designated Parcels and the term "Designated Parcels" shall thereafter include only the remaining Designated Parcels not so deleted.