Purchased Lands definition

Purchased Lands means that portion of the Vendor’s Lands, as described and illustrated in Schedule B hereto.

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Purchased Lands means the lands and premises consisting of the right-of-way of the Sherbrooke Line, including extra width right-of- way, all real estate contiguous to the right-of-way or associated with the rail operations thereon, including without limitation station grounds and yards, the whole having a superficial area of approximately 1,243 acres and as shown on Schedule A-2, but excluding the Excluded Lands; (r) "Right-of-Way Plans" means such right-of-way plans and associated record plans maintained by CN's Land Management Department in the ordinary course of business, on which maps and plans are recorded the alignment of CN's right-of-way and other properties adjacent thereto, and which are marked to classify CN's assets in two categories for purposes hereof, specifically Purchased Assets and Excluded Assets.

Purchased Lands means the Lot(s) against which the City’s Option has been exercised or deemed exercised pursuant to Section 2.3 and Section 2.6;

Examples of Purchased Lands in a sentence

The Vendor agrees to sell and the Purchaser agrees to purchase the Purchased Lands, upon the terms and conditions contained herein.
The Purchaser agrees that the Vendor has not made any representations, warranties or collateral agreements about the Purchased Lands, verbal or otherwise, other than what is specifically written in this Agreement.
From and after the Closing Date, the Purchaser shall be responsible for all obligations and responsibilities of the Developer and/or Lot Owner (as those terms are defined in the Development Agreement) contained in the Development Agreement in respect of the Purchased Lands, other than those obligations and responsibilities of the Developer for which the Vendor shall remain responsible as specifically set forth herein.
The Purchaser shall be responsible for land transfer tax, if any, by the Closing Date in connection with the registration of the transfer of titles to the Purchased Lands.
Accordingly, the Purchaser shall ensure that commercial refuse containers are supplied, placed and maintained in close proximity to the Purchased Lands, during its construction of buildings.
This transaction of purchase and sale shall be completed effective as of 10:00 a.m. on the date that is Fifteen (15) days following the waiver or satisfaction by the Purchaser of the last of the Purchaser’s Conditions (other than the condition in Section 1) or on such earlier or later date as the parties may agree upon in writing (the “Closing Date”) which shall be the date on which vacant possession of the Purchased Lands is to be given to the Purchaser.
The Purchaser will erect the building(s) and facilities on the Purchased Lands in accordance with the Development Standards and complete all grading of the Purchased Lands in full and proper compliance with the elevations provided by ▇▇▇▇▇▇ Consulting; and the Purchaser will pay for any damages or costs which may result from a breach of this provision.
The Owner will transfer good safeholding and marketable title to the Purchased Lands to the City on the Closing Date according to the requirements of this Agreement.
The Purchaser is not acting unreasonably in this Section if it does not pre-approve a condition that would materially impede or interfere with the Purchaser’s intended use of the Purchased Lands.
CN shall retain an easement in, under and across the Purchased Lands for the purpose of constructing, maintaining, repairing, operating and relocating any fibre optic or utility facilities.

More Definitions of Purchased Lands

Purchased Lands means Entitlement Lands or Specific Claim Acres, including any Minerals and Improvements, that have been purchased pursuant to the terms of the Settlement Agreements, the Specific Claim Trust Agreement, including Land currently purchased and part of the Specific Claim Trust Property on the Effective Date, and this Agreement;