Property Transaction definition

Property Transaction means either a Disposal of Property or the granting of a Property Right;

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Property Transaction means the acquisition or disposal of a freehold interest in property (including land and/or buildings) or a lease of greater than 7 years or other dealing with land, whether or not buildings, plant and equipment, fixtures and fittings, or other assets are included in that transaction. A transaction concerning only plant and equipment, fixtures and fittings, or other assets is not a Property transaction. The grant of a temporary licence to occupy is not a Property transaction.

Property Transaction means the acquisition or disposition of an interest in Real Property, such as an Agreement of Purchase and Sale, Option Agreement, Easement, Public Utility Easement, Community Facility Agreement, Lease, and License;

Examples of Property Transaction in a sentence

• Immediately prior to the consummation of the Real Property Transaction, the Seller has good and marketable title to all of the Purchased Assets, free and clear of any Liens other than Permitted Liens.

• If such payment or provision therefore cannot be made for any reason, the proposed Restricted Property Transaction shall not be consummated.

• The Parties shall, and shall cause each member of their respective Groups to, cooperate in good faith to effectuate each Property Transaction and otherwise in connection with the matters covered by this Agreement, which cooperation shall include, without limitation, using its reasonable best efforts to promptly take any and all actions reasonably necessary, customary or advisable to effectuate the Property Transaction and to otherwise perform its obligations under this Agreement.

• Property Transaction: Property transactions are defined to include: • The sale or lease of a National Grid-owned property to a third party; • The termination of a lease for a property currently leased by National Grid from a third party; • The purchase or lease by National Grid of a property from a third party; and, • Entering into an easement for a transmission or subtransmission right-of-way corridor or utility facility.

• The closing of the sale of the Purchased Assets (the “Closing”) shall take place simultaneously with the execution and delivery of this Agreement by the parties hereto (the date of such Closing referred to herein as the “Closing Date”), subject to the satisfaction of the Bankruptcy Closing Condition and (b) the closing of the Real Property Transaction.

More Definitions of Property Transaction

Property Transaction means an acquisition, disposition or financing transaction for which a Specified Advisor had initiated discussions or negotiations prior to, and is subsequently consummated following, a Specified Transaction in which the Specified Agreement to which such Specified Advisor was a party is terminated.

Property Transaction means the marketing, sale, purchase and/or letting of a property in the estate

Property Transaction means Property Buyer’s acquisition, directly or indirectly, of all of the real property assets of Seller.

Property Transaction means the acquisition or disposal of a freehold interest in property (including land and/or buildings) or a lease of greater than 7 years or other dealing with land, whether or not

Property Transaction means a transaction between the Municipality and a third party whereby the Municipality either Disposes of or Lets Property;

Property Transaction means dealing in "Property" for a Client.

Property Transaction means either a Disposal of Immovable Property or the granting of a Property Right in Immovable Property;