Existing Facility Property definition

Existing Facility Property shall have the meaning set forth in Section 3.6(a). Existing Improvements shall mean, if any, all buildings, structures, foundations, related facilities, fixtures, and other improvements erected, placed and/or situated on, over and/or under the Land and existing on the Commencement Date other than all or any part of the foregoing that (i) is intended to be demolished as part of the Project Work, and (ii) is in fact demolished by the Completion Deadline. Expiration Date shall mean June 30, 2041. Facility shall mean, collectively, the Facility Personalty and the Facility Realty. Facility Personalty shall mean those Eligible Items consisting of personal property, together with all repairs, replacements, improvements, substitutions and renewals thereof or therefor, and all parts, additions and accessories incorporated therein or affixed thereto. Facility Personalty shall, in accordance with the provisions of Sections 3.6 and 6.4, include all property substituted for or replacing items of Facility Personalty and exclude all items of Facility Personalty so substituted for or replaced, and further exclude all items of Facility Personalty removed as provided in Section 3.6. Facility Realty shall mean, collectively, the Land and the Improvements. Final Project Cost Budget shall mean that certain budget of costs paid or incurred for the Project to be submitted by the Lessee pursuant to Section 3.3(f) upon completion of the Project. Enabling Act. Financial Assistance shall have the meaning assigned to that term in the Fiscal Year shall mean a year of 365 or 366 days, as the case may be, commencing on January 1 and ending on December 31 of each calendar year, or such other fiscal year of similar length used by the Lessee and the Sublessee for accounting purposes as to which the Lessee shall have given prior written notice thereof to the Agency at least ninety (90) days prior to the commencement thereof.
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Existing Facility Property shall have the meaning set forth in Section 3.6(a). Existing Improvements shall mean the Retail Unit as existing on the Commencement Date other than all or any part of the foregoing that (i) is intended to be demolished as part of the Project Work, and (ii) is in fact demolished by the Completion Deadline. Existing Mortgages shall mean the existing mortgages specified in Exhibit P. Expiration Date shall mean June 30, 2049. Facility shall mean, collectively, the Facility Personalty and the Facility Realty. Facility Personalty shall mean those items consisting of personal property, together with all repairs, replacements, improvements, substitutions and renewals thereof or therefor, and all parts, additions and accessories incorporated therein or affixed thereto. Facility Personalty shall, in accordance with the provisions of Sections 3.6 and 6.4, include all property substituted for or replacing items of Facility Personalty and exclude all items of Facility Personalty so substituted for or replaced, and further exclude all items of Facility Personalty removed as provided in Section 3.6. Facility Realty shall mean the Retail Unit.
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Existing Facility Property shall have the meaning set forth in Section 3.5(a). Expiration Date shall mean November 1, 2042. Facility shall mean, collectively, the Land and the Improvements.
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Examples of Existing Facility Property in a sentence

  • Sections 469.1812 to 469.1815 (the “Abatement Act”), the School District determined a need to grant a property tax abatement on the Existing Facility Property (the “Existing Facility Tax Abatement”) and a property tax abatement on the Minimum Improvements Property (the “Minimum Improvements Tax Abatement”) to the Developer in order to finance a portion of the costs of the acquisition of the Minimum Improvements Property and the acquisition, construction, and equipping of the Minimum Improvements.

  • Since the average maturity of these purchases is about 7 years, that suggests about EUR 40 billion in principal repayments that can be reinvested.

  • The Developer purchased approximately 24.13 acres of land in the City adjacent to the Existing Facility Property legally described as set forth in Exhibit B hereto (the “Minimum Improvements Property”) in order to expand its manufacturing capacity by constructing an approximately 111,525 square foot high bay, heavy bridge crane (75 tons) building on the Minimum Improvements Property (the “Minimum Improvements”) which will be operated by the Developer.

  • The actual period of time during which Developer continues to occupy the Existing Facility Property after the Closing with respect to the Existing Facility Property is referred to herein as the “Occupancy Period”.

  • The Existing Facility Property and the Minimum Improvement Property are referred to collectively herein as the “Property”.

  • Developer’s access to and use of the Existing Facility Property is nonexclusive and the City shall have full and continuous access to, and use of, the Existing Facility Property during the Access Period, provided that the City does not unreasonably interfere with or delay Developer’s activities on the Existing Facility Property to achieve Existing Facility Decommission on or prior to the Existing Facility Decommission Deadline.


More Definitions of Existing Facility Property

Existing Facility Property shall have the meaning set forth in Section 3.6(a). Existing Improvements shall mean, if any, all buildings, structures, foundations, related facilities, fixtures, and other improvements erected, placed and/or situated on, over and/or under the Land and existing on the Application Date, other than all or any part of the foregoing that (i) is intended to be demolished as part of the Project Work, and (ii) is in fact demolished by the Completion Deadline. Existing Improvements Abatement Amount shall mean, with respect to any semi-annual period, an amount equal to (y) the Adjusted PILOT Amount for Existing Improvements for such period minus (z) the Stabilized PILOT Amount for Existing Improvements for such period, but not less than zero. Existing Improvements PILOT shall have the meaning set forth in Section 5.1(d). Existing Sublease shall mean that certain Tenant Lease, dated as of October 30, 2015, between Cypress Hills Local Development Corporation, Inc. (“CHLDC”), as landlord, and the Existing Sublessee, as tenant, as amended and assigned, and which Existing Sublease is subordinate to the Master Lease, and was entered into pursuant to the Master Lease, commencing on the fifteenth (15th) day after the Existing Sublessee shall have been notified by registered mail that a temporary certificate of occupancy has been duly issued by the proper municipal authorities having jurisdiction and that the construction of the Facility has been completed and expiring on the twenty-fifth (25th) anniversary of the last day of the first full calendar month following the calendar month in which the commencement of the Existing Sublease occurs, with respect to the sublease of approximately 7,260 square feet of the ground floor and approximately 3,127 square feet in the basement of the Improvements, for a total size of approximately 10,387 square feet. Existing Sublessee shall mean Pitkin Food Corp., as assignee of Mayas Food Corp., each a business corporation organized and existing under the laws of the State of New York, and their respective assigns pursuant to the Existing Sublease and the Assignment, Assumption and Amendment of Retail Lease. Expiration Date shall mean June 30, 2043. Facility shall mean the Retail Unit. Final Project Cost Budget shall mean that certain budget of costs paid or incurred for the Project to be submitted by the Lessee pursuant to Section 3.3(f) upon completion of the Project. Enabling Act. Financial Assistance shall have the meaning assigned to ...
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Related to Existing Facility Property

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Tanning facility means a place that provides access to tanning devices for compensation.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Existing Facility Agreement means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • Holding facility means a designated area for the retention of

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Common Facility Means a place where tenants utilise the same equipment such as kitchen, laundry meeting room and or car park.

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Dry cleaning facility means an establishment with one or more dry cleaning systems.

  • Stand Alone System Upgrade Facilities means System Upgrade Facilities that a Developer may construct without affecting day-to-day operations of the New York State Transmission System during their construction. NYISO, the Connecting Transmission Owner and the Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify them in Appendix A to this Agreement.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Parking Facility means a parking area or structure having

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities. Generation Interconnection Customer:

  • L/C Facility means the letter of credit facility established pursuant to Article III.