Hereditary Building Right definition

Hereditary Building Right means a right, in rem, to own a building on a plot of land according to the German Hereditary Building Right Ordinance (Verordnung über das Erbbaurecht).

Examples of Hereditary Building Right in a sentence

  • The Owned Real Property includes all real property owned by each Asset Seller (insofar as it relates to the Business) and the Business Subsidiaries, including the Hereditary Building Right Property.

  • The Purchaser 2 hereby undertakes to acquire the Rubber Hereditary Building Right based on the Rubber Hereditary Building Right Agreement in accordance with the foregoing sentence in rem (dinglich) as of the Closing Date or as soon as possible thereafter.

  • The Purchase Price (including the Rubber Hereditary Building Right Purchase Price) specified in this Agreement does not include VAT-G.

  • The creation, sale and transfer of such parts of the Original Hereditary Building Right is governed by a separate agreement which shall be executed by Seller 2 and the Purchaser 2 substantially in the form attached hereto as Schedule 8.1 ("Rubber Hereditary Building Right Agreement").

  • The coursework is designed to expand the student’s knowledge of engineering principles and applications.

  • Seller 2 is the sole owner of all buildings and facilities on the properties of the Rubber Hereditary Building Right with the exception of a tank for pentane on subplot 213 (K122) which is owned by Ravapor GmbH including the right to access, operate and maintain the tank.

  • No Borrower shall, in relation to the Hereditary Building Rights held by it in respect of a Property, without the prior written consent of the Facility Agent, waive, release or vary any obligation under, or the terms of, exercise any option or power to break, determine or extend in each case, the Hereditary Building Right.

  • Seller 2 occupies the Schkopau Rubber Facility pursuant to a hereditary building right ( Erbbaurecht) ("Original Hereditary Building Right").

  • The new (partial) hereditary building right that is to be created and transferred to the Purchaser 2 pursuant to the Rubber Hereditary Building Right Agreement is herein referred to as the "Rubber Hereditary Building Right".

  • The assets of the Business include certain parts of the Original Hereditary Building Right in relation to the Schkopau Rubber Facility.

Related to Hereditary Building Right

  • Modular building means, but shall not be limited to, single and multifamily houses, apartment

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Building Common Areas means with respect to the Tower, the areas, facilities and amenities specified in Schedule [E] which are to be used and enjoyed in common with all the other Apartment Acquirers of the Units in the Building; and

  • mixed-use building means a building or structure containing a residential and non- residential use other than a home occupation;

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Building Drain means that part of the lowest horizontal piping of a drainage system which receives the discharge from soil, waste, and other drainage pipes inside the walls of the building and conveys it to the building sewer, beginning five (5) feet (1.5 meters) outside the inner face of the building wall.

  • Modular building retailer means any person who purchases or acquires a modular building from a

  • Building means any structure used or intended for supporting or sheltering any use or occupancy.

  • Subleased Premises means approximately -18;961 rentable square feet on the 141h floor of the Building, as more specifically depicted on Exhibit A attached hereto and made a part hereof. The Subleased Premises include all of the Leased Premises identified in the Prime Lease.

  • Building site means a plot of land held for building purposes, whether any building is actually erected thereupon or not, and includes the open ground or courtyard enclosed by, or adjacent to, any building erected thereupon;

  • Accessory Building means a detached building or structure, not used for human habitation that is subordinate to the primary use of the same property.

  • the Building means any building of which the Property forms part.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Building sewer means the extension from the building drain to the public sewer or other place of disposal.

  • Vacant building means a building that has been vacant and

  • Main building means a building in which is conducted the main or principal use of the parcel on which it is erected;

  • Building system means plans, specifications and documentation for a system of manufactured factory-built structures or buildings or for a type or a system of building components, including but not limited to: structural, electrical, mechanical, fire protection, or plumbing systems, and including such variations thereof as are specifically permitted by regulation, and which variations are submitted as part of the building system or amendment thereof.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Common Areas is defined as all areas and facilities outside the Premises and within the exterior boundary line of the Industrial Center and interior utility raceways within the Premises that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and other lessees of the Industrial Center and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways, driveways and landscaped areas.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • Height of building means height measured from the abutting road and in case of undulated terrain height can be considered as average of the corresponding ground level. The parapet wall, staircase head room, lift room, water tank are excluded from the height of the building.

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • New Building ’ means a new construction to house a complete motor vehicle as- sembly process, where that construction includes the pouring or construction of a new foundation and floor, the erection of a new frame and roof, and the instal- lation of new plumbing and electrical and other utilities;

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Building, structure, facility, or installation means all of the pollutant-emitting activities which belong to the same industrial grouping, are located on one or more contiguous or adjacent properties, and are under the control of the same person (or persons under common control) except the activities of any vessel. Pollutant-emitting activities shall be considered as part of the same industrial grouping if they belong to the same major group (i.e., which have the same two-digit code) as described in the Standard Industrial Classification Manual, 1972, as amended by the 1977 Supplement (U.S. Government Printing Office stock numbers 4101-0066 and 003-005-00176-0, respectively).