Florida Land definition

Florida Land means real property and/or interests in real property that is within the state of Florida and either (a) owned by the Borrower or any subsidiary thereof as of the Closing Date, (b) acquired by the Borrower or any subsidiary thereof after the Closing Date in the ordinary course of business or (c) acquired by the Borrower or any subsidiary thereof after the Closing Date and having a net book value not in excess of $150,000,000 for all such acquisitions pursuant to this clause (c).
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Florida Land means the property described in Exhibit K.
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Florida Land means the property described in Exhibit C. "GAAP" means United States generally accepted accounting principles, as in effect from time to time.
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Examples of Florida Land in a sentence

  • The prospectus for each Individual Property located in Florida as required by Section 723.011, Florida Statutes, shall have been approved by the Florida Department of Business and Professional Regulation (Division of Florida Land Sales, Condominiums and Mobile Homes) (the "Department") as evidenced by a letter from the Department.

  • In fact, the Florida legislature recently amended the Florida Land Trust Act to improve existing law and encourage the use of land trusts.

  • The Florida Land Development Manual: A Guide to Sound Land and Water Management.

  • The Florida Land Trust is an estate planning and asset protection tool that is used by U.S. citizens and foreign nationals for purposes of owning, transferring and managing real property.

  • The General Partner may at any time transfer (or cause to be transferred) all or any portion of the Florida Land, or all or any portion of the ownership interests in an Entity owning the Florida Land, to the Partnership and, to the extent of such transfer, this Section 4.1B and Section 7.3B, to the extent relating to the Florida Land, shall cease to apply.

  • In a Florida Land Trust, real estate is conveyed from the grantor/owner to a trustee who then holds BOTH legal and equitable title to the property.

  • The Florida Land is not a Partnership asset for purposes of this Section 7.9.

  • Florida Land Trusts are specifically provided for in Florida Statute Section 689.071.

  • Interestingly, to create a Florida Land Trust, the deed must never identify the beneficiary of the trust.

  • Applicants and system designers should consult chapters 3 and 6 of The Florida Land Development Manual (▇▇▇▇▇▇▇▇▇▇ et al.


More Definitions of Florida Land

Florida Land means real property and/or interests in real property that is within the State of Florida and that is either (x) owned by the Company or a Restricted Subsidiary on the Issue Date, (y) acquired by the Company or a Restricted Subsidiary after the Issue Date in the ordinary course of business or (z) acquired by the Company or a Restricted Subsidiary after the Issue Date and having a net book value not in excess of $15.0 million for all such acquisitions pursuant to this clause (z).
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