DP Property definition

DP Property means each of the Exhibit I Properties, excluding however, any Exhibit I Property which.pursuant to this Section 5, has been converted from a DP Property into a Non-DP Property. "Non-DP Property" shall mean (i) each of the Exhibit II Properties, plus (ii) any Exhibit I Property that, pursuant to this Section 5, has been converted from a DP Property into a Non-DP Property.
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Examples of DP Property in a sentence

  • The DP Property Deed shall include a conveyance by means of the legal description of the DP Property mutually acceptable to the Parties.

  • As used herein, the "DP Property Permitted Exceptions" shall mean those title exceptions that are described on the granting deed to DP, if any, upon DP's acquisition of the DP Property pursuant to the DP Sale Agreements or if there is an assignment and direct deeding under the provisions of Section 25 of this Agreement, the permitted exceptions under the terms of DP Sale Agreements, whichever the case may be.

  • Subject to Closing, DP shall also cause to be improved, at its cost, if any, the north-south portion of ▇▇▇▇▇▇▇ Road along the eastern boundary of the DP Property (consisting of approximately 1,100 lineal feet) to meet at least the applicable governmental specifications required for 80,000-pound vehicular traffic.

  • If DP Property Closing does not take place for any reason (other than due to a breach of this Agreement by DP), IRE shall promptly return any and all such materials to DP.

  • The obligations of IRE set forth in this Section shall survive the IRE Property Closing and the DP Property Closing.

  • Utilities Segment IV will consist of the extension of water and sewer lines consistent with the Utilities Specifications South from the end of Utilities Segment III along ▇▇▇▇▇▇▇ Road to the furthermost end of the DP Property.

  • All fees for obtaining and recording releases of liens and encumbrances with respect o the DP Property, recording the IRE Property Deed, and one-half (1/2) of any Escrow or similar DP Property Closing fee or IRE Property Closing fee shall be paid by DP.

  • Prior to DP acquiring the DP Property, IRE shall have the right to review the granting deed to DP relating to the DP Property to ensure that such deed conforms to the requirements of the DP Sale Agreement.

  • Subject to Closing, (i) DP agrees to dedicate fee title to, and/or easements over, under and across those portions of the DP Property owned or controlled by DP, and (ii) IRE agrees to dedicate fee title to, and/or easements over, under and across those portions of the IRE Property owned or controlled by IRE to Governmental Agencies to accomplish the Roadway System without reimbursement for the cost of the property included in any such dedication.

  • DP desires to transfer to IRE the DP Property pursuant to the terms, covenants and conditions herein set forth.

Related to DP Property

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • New property means (i) the assessed value, after final

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.