Released Land definition

Released Land means non-income generating undeveloped land ------------- neighboring a Hotel subject to a Mortgage, which land is included in such Mortgaged Property subject to such Mortgage, to the extent such land is ancillary to, and not required by, the operation of such Hotel, which land has, at the request of the Borrower, been released by the Collateral Agent from the Lien of such Mortgage (and which land is hereby authorized to be so released provided that such land shall, concurrently with such release, be contributed or transferred to a Joint Venture, and the ownership interests of such Joint Venture held by the Borrower and its Subsidiaries shall be subjected to the Lien of the Security Documents).
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Released Land is defined in Schedule 11; “Relevant Employees” is defined in clause 8.1;
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Released Land means the land to be identified and released from the Core Lease in accordance with this Schedule at the sites identified in green (and described as “Released Land” and “Reconfiguration Land”) in the plans and maps referred to in Schedule 2 (each a “Site”) at the following locations:
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Examples of Released Land in a sentence

  • Additionally, the Falmer Released Land is identified in City Plan Part One Policy DA3 Lewes Road Area as being suitable for development of a range of uses, including PBSA.

  • If the value of any of the Released Land identified under Schedule 3 by Completion has not been established by that date under that Schedule, the amount of the purchase price relating to the Released Land shall be paid by the Crown within 14 days of that value being established in accordance with Schedule 3.

  • The report has considered on-street problems, and the use and availability of parking both on-site (e.g. Bennett’s Field) and off-site (e.g. University of Sussex and the Falmer Released Land).

  • Tranz Rail and the Crown will agree to partially surrender and vary the Core Lease in respect of the Surrender Land, on the terms referred to in Schedule 5, together with any of the Released Land identified under Schedule 3 that is Retained Land.

  • Grantor desires to amend the Original Mortgage, and Lenders hereby agree to amend the Original Mortgage, in order to reflect (i) the release of the Released Land; (ii) the addition of the Easement Estate as collateral to the Original Mortgage; and (iii) the restatement of the Assignment of Rents and Leases.

  • This is also evident from the definition of “Developer’s Portion” itself, for the earmarking of pockets of the Released Land necessary to constitute the Developer’s Portion could not be done till these three phases were completed.

  • It meant 55% of the “Released Land”, and the Released Land, in turn, meant pockets of land included in Phase 2 of the Project, these lands being specifically identified in Annexure 4 to the Contract.

  • This funding needed to be split over the projects and this has now been allocated as follows: • Improvements to New England House £0.020m,• Development of Black Rock Site £0.038m,• Preston Barracks £0.034m,• Circus Street development £0.029m,• Open Market £0.034m,• Falmer Released Land £0.016m,• The Keep £0.049m,• Falmer Community Stadium £0.012m,• i360 project £0.015m,• Redevelopment of King Alfred Swimming Pool £0.002m, and• Brighton Centre Development £0.001m.

  • No portion of the Retained Land (other than that within the Construction Fence within which certain Landlord’s Work is to be performed) shall be used for construction access, construction staging or otherwise in connection with the development of the Released Land without the prior written consent of Tenant, which may be granted or denied in Tenant’s sole discretion.

  • SCHEDULE 2 Retained Land and Released Land As annexed to the Core Lease Variation.


More Definitions of Released Land

Released Land has the meaning given in the Sale Agreement.
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Released Land means the land to be released from the Core Lease for which the Crown will pay Tranz Rail as part of the purchase price for the Rail Network and Network Assets in accordance with Schedule 3, as defined in section 2(c) of that Schedule;
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Released Land means non-income generating undeveloped land neighboring a Hotel subject to a Mortgage, which land is included in such Mortgaged Property subject to such Mortgage, to the extent such land is ancillary to, and not required by, the operation of such Hotel, which land has, at the request of the Borrower, been released by the First-Lien Collateral Agent (with respect to any mortgages under the First-Lien Security Documents) and the Collateral Agent from the Lien of such Mortgage (and which land is hereby authorized to be so released, provided that such land shall, concurrently with such release, be contributed or transferred to a Joint Venture, and the ownership interests of such Joint Venture held by the Borrower and its Subsidiaries shall be subjected to the Lien of the Security Documents).
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Released Land has the meaning set forth in paragraph (a) of Section 32 hereof.
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Related to Released Land

  • Released Property means any portion of the Project removed, scrapped, traded in, sold, or otherwise disposed of pursuant to Section 4.03 hereof, any portion of the Project stolen, damaged, destroyed, or taken by condemnation or eminent domain proceedings as described in Article VII hereof, and any infrastructure which the Company dedicates to the public use (within the meaning of that phrase as used in Section 12-6-3420(C) of the Code).

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Said Land shall have the meaning ascribed to such term in Paragraph I above and which is more fully and particularly described in the First Schedule written hereunder and delineated and demarcated in Annexure – A hereto;

  • Developed Land means all Developable Land of the Company and its Restricted Subsidiaries which is undergoing active development or is ready for vertical construction.

  • Undeveloped Land means, (i) all Real Property set forth on Schedule 1.01D to the 2008 Credit Agreement, (ii) all undeveloped land acquired after the Closing Date and (iii) any operating property of the Borrower or any Subsidiary that is subject to a casualty event that results in such property ceasing to be operational.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by Collateral Agent.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • the Land means the land on which the development would be carried out or, in relation to development already carried out, has been carried out;

  • 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.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Hotel Property means a Property on which there is located an operating hotel.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Submerged lands means those lands which are inundated by water on a seasonal or more frequent basis.

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

  • 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);

  • Material Leased Real Property shall have the meaning assigned to such term in Section 5.10(b).

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

  • 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.

  • 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.