Material Land definition

Material Land means, in respect of a Chargor, all Land owned by it, other than any Land which constitutes an Excluded Asset.
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Examples of Material Land in a sentence

  • The Mortgagor charges by way of legal mortgage its interest in the Material Land referred to opposite its name in the Schedule.

  • Each Chargor hereby consents to the Administrative Agent making an application to the Chief Land Registrar on Form CC for registration against the registered titles (if any) of any Material Land from time to time including a registered title of the right to consolidate.

  • At all times during the Security Period, each Chargor shall promptly notify the Administrative Agent in writing if it acquires any estate or interest, whether legal or beneficial, in Land which constitutes Material Land.

  • No Target Group Company or Real Property is subject to any Material Land Use Restriction.

  • At all times during the Security Period, each Chargor shall promptly notify the Administrative Agent in writing if it acquires any estate or interest, whether legal or beneficial, in Land, which constitutes Material Land.