Parent Property means each real property, or interest therein, owned, or leased (including ground leased) as lessee or sublessee, by Parent or any Parent Subsidiary as of the date of this Agreement (including all of Parent’s or any Parent Subsidiary’s right, title and interest in and to buildings, structures and other improvements and fixtures located on or under such real property and all easements, rights and other appurtenances to such real property).

Parent Property means Xxx 0 Xxxxxx, Xxxx xx Xxxx Xxxx, Xxxxxxx Xxxx Xxxxxxxx;

Parent Property shall have the meaning set forth in Section 5.16.

Examples of Parent Property in a sentence

Notwithstanding the provisions hereof, the Developer must convene the first AGM within 60 (Sixty) days of the transfer of 60% (Sixty) of the Land Units arising from the subdivision of the Parent Property or within a period of 2 (two) Years of the transfer of the first Land Units, whichever is the earlier.
Such development may involve the establishment of resorts, business and commercial premises, education facilities, multiple unit developments and high - quality residential units on various portions of the Parent Property so designed as to facilitate an aesthetic and harmonious style blending with the environment.
The Developer intends to subdivide the Parent Property into various Land Units, which will be developed and will be subject to this Constitution, SAC, the Governing Rules, as the case may be, in accordance with the Development Groups, or as may be determined by the Developer during the Development Period.
The Association is constituted as a legal persona in terms of Chapter 6 Part 5 of the MPBL in accordance with the conditions imposed by the Developer and the Local Authority, when approving the development rights pertaining to the Parent Property .
Except as set forth in Section 3.02(u) of the Parent Disclosure Letter, no Parent Property whose fair market value on the date of this Agreement is greater than $10,000,000 is subject to any pending sale or disposition transaction.

More Definitions of Parent Property

Parent Property means the parent property as described in clause 1.3 of the Contract of Sale and depicted on the Developer’s Area Plan;

Parent Property means each real property owned, or leased (including ground leased) as lessee or sublessee, by the Parent Parties or any of their Subsidiaries as of the date of this Agreement (including all buildings, structures and other improvements and fixtures located on or under such real property and all easements, rights and other appurtenances to such real property).

Parent Property means the land approved for development by the Local Authority, being Erf 1 Sitari, City of Cape Town, Western Cape Province upon which the Estate is being developed by the Developer;

Parent Property means Xxx 000 Xxxxxxxxx, Xxxxxx Xxxxxxx Bay Metropolitan Municipality, Division Uitenhage, Province Eastern Cape;