Lake Property definition

Lake Property shall have the meaning ascribed in Section 2.1.
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Lake Property means and refer to any real estate or property under or immediately contiguous to the shoreline of the Lake with deeded Lake bed ownership (i.e., conveyed or transferred by deed).
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Lake Property means the real property described and depicted in the Lake GPLET Lease.
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Examples of Lake Property in a sentence

  • Varex further agrees that it shall promptly execute and record any other new environmental deed restrictions with respect to the Salt Lake Property to the extent necessary to comply with any additional controls imposed by an applicable Governmental Authority.

  • The Parties acknowledge that there is a certain deed notice, recorded on January 29, 2001 (the “Existing Deed Notice”) that limits land uses at the Salt Lake Property to commercial and industrial purposes and places other environmental–based limitations on the current and future land use of the Salt Lake Property.

  • Varex agrees that it will not authorize or allow any use or activity on the Salt Lake Property requiring remediation of the property to residential, hospital, school or other sensitive use clean-up levels (“Sensitive Use Standards”).

  • Notwithstanding any other provision of this Agreement, Varex agrees to indemnify, defend and hold harmless the Parent Indemnitees from any and all Liabilities arising from or relating to such uses or activities occurring on the Salt Lake Property from and after the Effective Time.

  • All original land owners and his children, who have been granted a lot contiguous to the lake by the Developer shall have all the privileges of ownership of any numbered lot within the Project, and hold non- revocable rights of membership in the Lake Property Association, provided that he agrees to abide by the restrictive covenants governing the Lake Temp lene Project.

  • The Rice Lake Property is, and has during the Shoreline Period, been on care and maintenance and no mining, exploration or development has been undertaken during such period in relation to the other Properties.

  • All obligations under this Promissory Note shall be secured by security over all the Purchased Assets (including, without limitation, the Rice Lake Property) pursuant to a debenture to be entered into, executed and delivered by the Debtor in favour of the Holder in form and substance satisfactory to each of the Holder and the Debtor (the “Debenture”).

  • A final decision of the Building Review Committee may be appealed to the Board of Trustees of the Choctaw Lake Property Owners Association, Inc.

  • Lender’s remedies shall be cumulative, concurrent, and nonexclusive and may be pursued against Borrowers or any collateral for the Loans, including the Fawn Lake Property, the Fawn Lake Golf Course Property and the Additional Property or any parcel or parcels thereof.

  • Royalties shall accrue at the time of sale of Products from the Elliot Lake Property and in the amount as provided in Section 3.0 above.

Related to Lake Property

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Adjoining Property means any adjoining or neighbouring premises in which the Landlord or a Group Company of the Landlord holds or shall at any time during the Term hold a freehold or leasehold interest;

  • Hotel Property means a Property on which there is located an operating hotel.

  • 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.