Malibu Property definition

Malibu Property means approximately 274 acres of undeveloped land located in ---------------- Los Angeles County, California, as more particularly described in the Partnership Agreement. "Material Adverse Effect" means a material adverse effect (a) on the business, ------------------------- assets or financial condition of the Partnership, or (b) on the ability of the Partnership to carry on its business, as it is presently being conducted, including without limitation the development of the Project. "Permits" means all governmental or other licenses, permits certificates, ------- approvals, authorizations and orders material to the ability of the Partnership ----- to carry on its business as it is presently being conducted (other than those relating to the Benefit Plans), including without limitation those necessary to construct, subdivide, occupy, operate, market and sell the Property (and any portion or subdivision thereof) in accordance with all Project Requirements. "Benefit Plans" means all "employee benefit plans," within the meaning of ------------- Section 3(3) of ERISA (other than any plan which is exempt from Title I of ---- ERISA), for the employees or former employees of the Partnership, or their --- respective dependents, survivors or beneficiaries, (a) which are currently --- maintained by the Partnership, (b) which were previously maintained by the --- Partnership within the six (6) year period preceding the date hereof or (c) in --- which the Partnership is or was, within such six-year period, a participating employer. "Plans and Specifications" means those certain Plans and Specifications prepared ------------------------ for the Project. "Project" means (i) the subdivision of the Property (as hereinafter defined) ------- into forty-six (46) single-family lots, three (3) open space lots, one (1) -- sewage treatment lot, and one (1) road lot; and (ii) the construction of the -- Improvements (as hereinafter defined), all in accordance with the Project -- Requirements (as hereinafter defined). -- "Project Requirements" means all applicable federal, state, local and other --------------------- laws, regulations, codes, orders, ordinances, policies, rules, regulations, --- reports, standards, statutes, and agreements that apply or pertain to the --- Project, including without limitation those relating to fire, safety, land use, --- health, labor, environmental protection, seismic design, conservation, parking, zoning and building, and all restrictive covenant...
Sample 1
Malibu Property means approximately 270 acres of undeveloped land located in Los Angeles County, California, as more particularly described on Exhibit A hereto.
Sample 1
Malibu Property means that certain Real Property located at 0000 Xxxx Xxxxxxx Xxxx, Las Vegas, Nevada 89120.
Sample 1

Examples of Malibu Property in a sentence

  • The long-term use of the property has not been determined.– Malibu Property: The lease agreement for the property at the Malibu Civic Center will be submitted to the Los Angeles County Board of Supervisors within two months.

  • Coliseum Way (Malibu)** **Property is co-owned between the City of Oakland and the County of Alameda.

  • For clarity, the adjustments made pursuant to Section 7.1 of the Purchase Agreement at the Initial Closing shall exclude matters relating to the Malibu Property and the adjustments made pursuant to Section 7.1 of the Purchase Agreement at the Malibu Closing shall exclude matters relating to the Initial Properties.

  • Additional outstanding indebtedness secured by the Rancho Malibu Property in excess of $2,500,000 shall be incurred by the Maker or any other person.

  • Except as set forth in Schedule 12(a)(7)(c) Semele has not been advised in writing by any governmental -------------------- agency or any previous owner that any previous owner or any past operator, user or occupant of the Malibu Property has received any Environmental Citations.

  • Subsection 13.8(c) of the Purchase Agreement is hereby made inapplicable to the Malibu Property and the Malibu Closing.

  • APNs 4470-021-900; 4470-028-900 through 918; 4470-001-900, 4470-024-900, 901; othereasements along West and East Sea Cliff Drive and over 31736 Broad Beach Rd.Exhibit 5: Project LettersExhibit 6: Proof of Service of Mailing Notice to all Malibu Property Owners City-Wide and Publication in Malibu Times Newspaper RESOLUTION AND FINDINGS:Staff recommends that the State Coastal Conservancy adopt the following resolution pursuant to Sections 31111 and 31400 et seq.

  • Except as set forth in Schedule 12(a)(7)(f) there are no proceedings pending, or -------------------- to the knowledge of Semele, threatened, under any Environmental Law against or affecting the Partnership or the Malibu Property in any court or before any governmental authority or arbitration board or tribunal which, if adversely determined, would or could have a Material Adverse Effect.

  • The Parties acknowledge that the WPG Parties have no obligation to arrange for New Mortgage Debt on the Malibu Property and all references to the “New Mortgage Debt” in the Purchase Agreement shall be deemed to refer only to the Gateway Property, the Arboretum Property, and the OKC Properties.

  • The Parties intend to further amend the Purchase Agreement to contemplate a deferral of the closing on the Malibu Property, as to which Malibu Property the “Outside Date” will be June 15, 2017.


More Definitions of Malibu Property

Malibu Property has the meaning set forth in Section 1.3.7.
Sample 1

Related to Malibu Property

  • DOCPROPERTY SWDocID" #4870-7680-5924v2" ""

  • 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.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Industrial Property – means property used for construction, repair, trade or manufacturing, production, assembly or processing of finished or partially finished products from raw materials or fabricated parts on such a large scale that capital and labour are significantly involved, and includes any office or other accommodation on the same property, the use of which is incidental to such activity;

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • 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;

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Agricultural property means property that is used primarily for agricultural purposes but, without derogating from section 9 of the Act, excludes any portion thereof that is used commercially for the hospitality of guests, and excludes the use of the property for the purpose of eco-tourism or for the trading in or hunting of game;

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Retail Property means each Property listed on Part I of Schedule 6.1.(f) hereto as a Retail Property and any other Property, a substantial use of which is the retail sale of goods and services, which may include a Property that is part of a Mixed-Use Project.

  • Residential property means improved property that:-

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

  • Real Property Assets means as to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • New property means (i) the assessed value, after final

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).