Element Property definition

Element Property means a parcel of land, shown on a Final Plat, on which an Element will be constructed.
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Examples of Element Property in a sentence

  • The financial assistance to the Master Redeveloper under this Agreement is based on certain assumptions regarding likely costs and expenses associated with constructing the Minimum Improvements and Public Infrastructure Improvements, as well as proceeds to be derived by the Master Redeveloper from the sale of Element Property.

  • This analysis will include (1) a fair market value determination regarding the Element Property subject to the Controlling Interest Transfer, and (2) without limitation, all Acquisition Costs, Stabilization Costs, Land Carrying Costs, Project Redevelopment Costs, and all other improvement costs allocated to the Element Property subject to the Controlling Interest Transfer.

  • Provided, however, if a subsequent Transfer of such Element Property is made to the Master Redeveloper and the Master Redeveloper improves and develops the Element Property, the Element Property is then subject only to a Phase Constructor TIF Adjustment.