Released Property definition

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).

Released Property shall have the meaning set forth in Section 2.9 hereof.

Released Property has the meaning set forth in Section 11.4.

Examples of Released Property in a sentence

• Employee - Following any lost time occupational injury or illness of five consecutive workdays or more, the employee obtains written medical authorization from the treating physician to return to work.

• No later than the fifth (5th) Business Day after the occurrence of a Release Trigger Event, the Company shall deliver an Officer’s Certificate to the Trustee specifying (i) such Release Trigger Event and the Collateral Release Excess Proceeds in respect thereof; (ii) any Property or Capital Stock that has become Excluded Released Property as a result of such Release Trigger Event; and (iii) any Subsidiary that has become an Excluded Non-Guarantor Subsidiary as a result of such Release Trigger Event.

• Upon the satisfaction of all such conditions precedent, the Term of this Lease will thereupon end as to the Released Property.

• Such Replacement Property does not have to serve the same function as the Released Property it is replacing.

• Replacement Property qualifies for Negotiated FILOT Payments up to the original income tax basis of the Released Property which it is replacing in the same Property Tax Year.

More Definitions of Released Property

Released Property shall include property which was initially Negotiated FILOT Property but which is scrapped, sold, disposed of, or released from this Agreement by the Company or any other Sponsor or Sponsor Affiliate pursuant to Section 4.01(e) hereof and Section 12-44-50(B) of the Negotiated FILOT Act, any portion of the Negotiated FILOT Property constituting infrastructure which the Company or any other Sponsor or Sponsor Affiliate dedicates to the public use within the meaning of Section 12-6-3420(C) of the Code, or property which is damaged, destroyed, or taken by process of eminent domain and not restored or replaced.

Released Property shall have the meaning specified in Section 6.2 of the Site Lease and Sublease.

Released Property. As defined in Section 7.04.

Released Property shall have the meaning set forth in the Mortgage Loan Agreement.

Released Property shall have the meaning specified in Section 4.2 of the Ground Lease.

Released Property shall have the meaning specified in Section 4.2 of the Site Lease.

Released Property means a Property released or proposed to be released from the lien of a Mortgage pursuant to section 5.2 or section 5.3.