Option Land definition

Option Land means the land described in the Option Agreements;

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Option Land means the land shown in blue on the Map and described as Under Option to GDC.

Option Land means the "option land" as defined in the LLC Agreement.

Examples of Option Land in a sentence

• B The Developer owns the Developer’s Land and has a right to purchase the Option Land.

• VTUSA shall be responsible for all real estate and personal property taxes (and any other assessments) on or against the Option Land following the Closing Date (as hereinafter defined).

• If Investor does not elect to exercise the option prior to expiration of such 15-day period, then the option shall expire with respect to such Option Land upon expiration of such 15-day period.

• Additionally, the seller's improvements shall include mass grading of the Option Land and all off-site improvements required under the final map or reasonably required to improve the Option Land.

• If Purchaser elects to purchase the Option Land at least thirty (30) days prior to the Closing hereunder, then the sale of the Option Land shall be on the same terms and conditions as set forth herein and the Option Land shall be deemed a part of the Property.

• Alternatively, an estimated GDV of approximately RM1.5bn is anticipated, focusing solely on the sale of industrial lots for the Option Land.

• If a Termination Event occurs, HNZ Build may exercise the Call Option at any time within [40] Working Days of the date of the Termination Event by serving notice to that effect on the Developer and specifying a date for the transfer of the Option Land (and which part of the Option Land is relevant, if the Option is only exercised in relation to part) (Call Option Notice).

• Optionor desires to grant, and Optionee desires to obtain, an option to purchase Optionor’s portion of the Option Land in the event the above described vacation of right of way is completed.

• If during the Option Term the City wants to convey some or all of the Option Land to a specific developer for development of such land, the City will give Integris written notice.

• If development of the Option Land requires Rail Company to incur additional Site Development Costs (i.e., muck removal and backfill at greater than 5 ft.

More Definitions of Option Land

Option Land means the area hatched in red on the plan attached as Annexure E;

Option Land. As defined in Article 1.

Option Land means (i) the real property described in Exhibit “A-1” and (ii) the Phase Four Land; provided, however, if the real property described in Exhibit “A-1” and/or the Phase Four Land is replatted in accordance with City’s subdivision regulations, the description of the Option Land shall be deemed to be amended to conform to the lot and block designations set forth in the final plat of such replatted portion of the Option Land without the necessity of execution of a written amendment to this Agreement.

Option Land. That certain parcel or contiguous parcels of land located in the City of Portsmouth, State of Virginia covered by and more particularly described in the Option Contract.

Option Land means the area approximately 18 acres of the Airport more particularly described on Exhibit “A-4.” attached hereto and incorporated herein by this reference, which Rail Company is granted an option to lease from the Authority in accordance with the terms and conditions of this Agreement. 5. Paragraph 4 of the Agreement is modified by the addition of the following paragraph:

Option Land means those portions of the Project Area as to which Developer