Land Portion definition

Land Portion means, as of the date of calculation, that portion of the Basic Rent which is the aggregate of the Land Lessor Basic Rent and the Land Loan Basic Rent.
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Land Portion means, with respect to either Facility, the portion of the Property under such Facility consisting of the Land covered by such Facility; all Appurtenant Rights belonging, relating or pertaining to such Land; all Related Permits and Related Agreements related to such Land or Appurtenant Rights; and all accessions and accretions to and replacements and substitutions for the foregoing.
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Land Portion means a portion of land which is or is intended to be cadastrally defined and recorded as a separate entity in the office of the Surveyor-General;
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Examples of Land Portion in a sentence

  • The warranty period for the Land Portion of the System or Sub-system shall remain valid for one (1) year commencing from the respective date of the System or Sub-system Acceptance Certificates.

  • Once reduced or cancelled, the Total Facility 1 Land Portion Commitment, the Total Facility 1 Improvement Portion Commitment or the Total Facility 2 Commitment and the Total Commitment may not be increased or reinstated without the prior written consent of Lessor and all Participants.

  • From the effective date of any reduction of the Total Facility 1 Land Portion Commitment, the Total Facility 1 Improvement Portion Commitment or the Total Facility 2 Commitment, the Commitment Fees shall be computed on the basis of the Total Facility 1 Commitment or Total Facility 2 Commitment as reduced.

  • The Designated Purchaser shall pay the amount for the Land Portion and the amount for the Improvement Portion separately, and Lessor shall keep such amounts separate and not commingle them.

  • Any reduction of the Total Facility 1 Land Portion Commitment, the Total Facility 1 Improvement Portion Commitment or the Total Facility 2 Commitment pursuant to this Paragraph 2.08 shall be applied ratably to reduce each Participant's Facility 1 Land Portion Commitment, Facility 1 Improvement Portion Commitment or Facility 2 Commitment, as the case may be, and its Commitment pro rata in accordance with its respective Proportionate Share.

  • The Land Portion of the Basic Rent shall be paid as Rent for the Land and the Improvements Portion of the Basic Rent shall be paid as Rent for the Improvements.

  • If Lessor accepts any bid by any Person, such Person (the "Designated Purchaser") shall pay to Lessor on the Expiration Date of the Facility 1 Lease Agreement, as the purchase price for the Property, the amounts set forth in such bid as the purchase prices for the Land Portion and the Improvement Portion of the Facility 1 Property.