Land Share definition

Land Share means undivided, variable, impartible, proportionate share in the Project Land, as be attributable to the Unit. The Land Share is/ shall be derived by taking into consideration the proportion which the Built-Up Area of the Unit bears to the total built up area of the Building;

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Land Share means the percentage equal to the ratio which the number of Square Feet within the NYTC Member Space (above grade), in the case of NYTC Member, and the number of Square Feet within the FC Member Space (above grade), in the case of FC Member, bears to the total number of Square Feet within both of the NYTC Member Space (above grade) and the FC Member Space (above grade), as determined from time to time. As of the date of this Agreement, FC Member’s Land Share is 42.3951% and NYTC Member’s Land Share is 57.6049%. The Members’ Land Shares will be adjusted to reflect changes from time to time in the number of Square Feet within the FC Member Space (above grade) and the NYTC Member Space (above grade), all based on the then last revised plans and specifications for the Improvements, and the Members hereby agree to enter into written confirmation of such adjusted Land Shares at such times. On the Conversion Date, the Land Shares will be adjusted to reflect as-built conditions based upon the number of Square Feet in the NYTC Member Space (above grade) and the FC Member Space (above grade) as reflected in the final plans and specifications for the Improvements and such adjusted Land Shares will be confirmed in writing by the Members.

Land Share meanss the undivided, impartible, proportionate and variable share in the said Property, as be attributable and appurtenant to the said Apartment. The Land Share is to/shall be derived by taking into consideration the proportion, which area of the said Apartment bears to the total area of the Said Project.

Examples of Land Share in a sentence

• Subject to the provisions of Clause 6.1.1 below, undivided, impartible, proportionate and variable share in the land underneath the Said Building, comprised within the Said Property, as be attributable and appurtenant to the Said Flat (Land Share).

• Undivided, impartible, proportionate and variable share in the land comprised in the Said Property as is attributable to the Said Unit (Land Share).

• In such standard conveyance, (1) the Owners shall transfer the Land Share and (2) the Developer shall transfer the Said Unit and Parking Space (if any) and Share In Common Portions, for the Total Price.

• Undivided, impartible, proportionate and variable share in the land comprised in the Said Premises, as is attributable to the Said Flat (Land Share).

• The Land Share is to/shall be derived by taking into consideration the proportion, which area of the Said Apartment bears to the total area of the Said Project.

• The Specified Facilities may either be located outside the Said Property or may be part of the Said Property; if some of the Specified Facilities are part of the Said Property, then and in such event such part of the Said Property on which the Specified Facilities are located shall be deemed to be excluded from the area of the Said Property and the Land Share being agreed to be transferred to the Buyer shall not under any circumstances extend to and include such part.

• The Land Share, being undivided, impartible, proportionate and variable share in the land comprised in the Said Property, described in Part-I of the 1st Schedule above, as is attributable to the Said Unit, subject to the terms and conditions of this Agreement.

• The Land Share is/shall be derived by taking into consideration the proportion which the super built up area of the Said Flat bears to the total super built up area of the Said Building.

• The Land Share is/shall be derived by taking into consideration the proportion which the built-up area of the Said Flat bears to the total built-up area of the Said Complex.

• The Land Share, being undivided, impartible, proportionate and variable share in the land underneath the Said Building, comprising a part of the Said Property, as be attributable and appurtenant to the Said Flat, subject to the terms and conditions of this Agreement.

More Definitions of Land Share

Land Share. Undivided, impartible, proportionate and variable share in the land comprised in the Said Premises, as is attributable to the Said Unit (Land Share). The Land Share is/shall be derived by taking into consideration the proportion, which the built up area of the said Unit bears to the total built up area of the said building;

Land Share means the undivided, impartible, proportionate and variable share in the land underneath the Building, attributable and appurtenant to the Apartment. The Land Share has been derived by taking into consideration

Land Share means undivided, variable, impartible, proportionate share in the• Project Land, as be attributable to the Unit. The Land Share is/ shall be derived by taking into consideration the proportion which the Built-Up Area of the Unit bears to the total built up area of the Building;