Remainder Property definition

Remainder Property shall have the meaning set forth in Section 3.10 of ------------------- this Agreement.
Sample 1
Remainder Property means any Individual Property or Properties that are not released from the lien of the Mortgage as a result of a Partial Defeasance.
Sample 1
Remainder Property shall have the meaning set forth in the recitals to this Agreement.
Sample 1

Examples of Remainder Property in a sentence

  • Mr. Lundgren has agreed to purchase the Remainder Property for $275,000 which is consistent with the appraised market value range of the Remainder Property, determined by an independent appraiser to be between $260,000 and $322,000.

  • Appendix B to the Business Center CDA Amended Project Area Plan, entitled “Legal Description” is hereby modified to include the additional property identified in the attached Exhibit C of this Amendment (the “Remainder Property”), entitled “Amended Legal Description.” The Remainder Property includes the 12.32 acres of parcel 33-08-326-00800 not previously included in the Agreement.

  • Explanation of Increase of Value to the Remainder Property: Explanation of Increase of Value to the Remainder Property:If there is a gain of value for the remainder property as a result of the project (benefit), the analysis and discussion should be done in Paragraph 53 of the report.

  • Elk Grove City Council March 11, 2015Page 3 of 3Therefore, staff recommends that the City Council approve the sale of the Remainder Property, as described in Exhibit “A-1”, Legal Description and Exhibit “A-2”, Plat to Accompany Legal Description, attached hereto (Attachment 4), and the Grant of Reciprocal Easement Agreement, as described in Exhibit “C” Legal Description and Exhibit “C-1”, Plat to Accompany Legal Description, attached hereto (Attachment 5).

  • In addition to the purchase of the Remainder Property, Crazy Heart Properties, LLC, is in agreement to grant a Reciprocal Grant of Easements to facilitate access to their respective properties once ownership transfers, as depicted on Attachment 6.

  • Similarly, a sign whose message has been partially obliterated by the owner so as not to identify a particular product, service or facility is considered to be an obsolete sign.

  • Therefore, the proposed sale is not considered the approval of a project under CEQA and is exempt from CEQA review.FISCAL IMPACT:Revenue generated from the sale of the Remainder Property will be credited to the Drainage Fund, which bore the original expense to acquire the property.

  • Staff believes the sale of the Remainder Property conforms to Elk Grove’s adopted General Plan and the current zoning of Automotive Commercial.

  • It is the intention of the Parties that part of the Subject Patent Property (the "Reversion Property") be SFPMC Leased Property and that the remainder of the Subject Patent Property (the "Remainder Property") be Hospah Owned Property.

  • As it is mentioned in the second method, dark matter will annihilate at a non-vanishing rate.


More Definitions of Remainder Property

Remainder Property means any portion of the Property that is not released from the lien of the Deed of Trust as a result of a Partial Release (as defined in the Deed of Trust).
Sample 1

Related to Remainder Property

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  • 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.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Stabilized Property means, any Property that is not a Development Property.

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

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

  • New property means (i) the assessed value, after final

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

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

  • 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”.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

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

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

  • 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.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Customer Property means the property, other than real property and IPR, including any equipment issued or made available to the Supplier by the Customer in connection with this Call Off Contract;

  • Adjacent means either immediately contiguous to or abutting a neighboring property, lot or walkway, and excludes property, lots, or walkways across the street from, or diagonally opposite across an intersection from the subject property, lot, or walkway.

  • Abandoned property means personal property left by an owner who intentionally

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

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

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Property means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Underground facility means any item which shall be buried or placed below ground for use in connection with the storage or conveyance of water, sewage, electronic, telephone or telegraphic communications, electric energy, oil, gas or other substances, and shall include, but not be limited to pipes, sewers, conduits, cables, valves, lines, wires, manholes, attachments and those portions of poles and their attachments below ground.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.