Operator Property definition

Operator Property means, subject to clause 12, all movable infrastructure, equipment, supplies, tools and any other things required for the conduct of Operations which have been purchased by the Operator using funds made available under the Operator DFA pursuant to a CAPEX Plan approved in accordance with clause 8.2;
Sample 1Sample 2
Operator Property has the meaning given such term in Section 10.3.
Sample 1Sample 2
Operator Property has the meaning given to it in Paragraph 1(b) of Schedule 8 (Indemnities);
Sample 1

Examples of Operator Property in a sentence

  • Corporate debt is high at 250% of GDP, much higher than in emerging market economies, but equivalent to the US and close to the UK (270%) and Korea (230%) and, of course, much less than Japan (350%).

  • Operator may, upon written notice to Owner, but without requiring Owner’s consent or approval, mortgage, collaterally assign, or otherwise encumber and grant security interests in all or any part of its interest in this Agreement and the Operator Property.

  • Any Operator Mortgagee whose interest in the Operator Property is held solely for security purposes, shall have no obligation or liability under this Agreement unless and until the Operator Mortgagee succeeds to absolute title to the Operator Property and the rights of Operator under this Agreement.

  • Notwithstanding any provision of this Agreement to the contrary, the Parties agree that so long as any Operator Mortgage remains outstanding, this Agreement shall not be modified or amended, and Owner shall not accept a surrender, cancellation or release of all or any part of the Operator Property from Operator, prior to expiration of the Term of this Agreement, without the prior written consent of the Operator Mortgagee holding such Operator Mortgage.

  • Each Assignee shall use the Operator Property only for the uses permitted under this Agreement.

  • Provided Operator is not in default under any term of this Agreement, Operator, at its option, shall have the right to terminate this Agreement at any time during the Term of the Agreement, as to all or any part of the Operator Property.

  • It is critical to ensure that these review process practices facilitate review of the Treaty’s implementation and discussion of forward-looking elements that would improve implementation, while ensuring a balance of both.

  • The Lease, Easements and Improvements are sometimes collectively referred to as the "Operator Property".

  • If Operator’s notice is a full termination of the Operator Property, the Parties shall be relieved of all further duties and obligations under this Agreement, other than (i) the payment of any accrued and unpaid obligations owed by either Party as of the date of termination; (ii) the removal of the Improvements by Operator pursuant to Section 8.11; and (iii) any other obligations and liabilities that are expressly stated in this Agreement to survive such termination.

  • Operator agrees to maintain and repair all Roadway Improvements located on the Operator Property; provided, however, Owner shall reimburse Operator for any costs and expenses incurred by Operator to repair any damage or perform any special maintenance of the Roadway Improvements caused by Owner or any person using the Roadway Improvements with Owner’s permission, other than Operator.


More Definitions of Operator Property

Operator Property means the plants, buildings and other improvements, ----------------- land and other real property interests, fixtures, equipment, inventory, finished product, vehicles and other tangible personal property interests owned or leased by the Operator that are now or in the future located within the Complexes.
Sample 1
Operator Property means any of the Property that is owned by the Operator/Manager of the Facility (as identified on Schedule 1 attached to this Agreement) if other than the Seller of that Facility.
Sample 1

Related to Operator Property

  • 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.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

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

  • 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.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • 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.

  • Customer Property means the property, other than real property and IPR, including any equipment issued or made available to the Supplier by the Customer in connection with this Call Off Contract;

  • Subject Assets is defined in Section 2.2(c).

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Transition Property means the property right created by a financing order, including without

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • 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.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Plant Site (Works, Factory) means the local integration of one or more plants, with any intermediate administrative levels, which are under one operational control, and includes common infrastructure, such as:

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

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

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

  • 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.

  • 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.

  • 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.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • 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);

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Project Site(s) means the place(s) specified in the SCC for the supply and installation of the System.