Reversionary Interest definition

Reversionary Interest means the right of the depart- ment to assume ownership of a property acquired with a grant under this chapter as specified in the grant contract, and under s.

Reversionary Interest means the right of the department to assume ownership of a property acquired with a grant under this chapter as specified in the grant contract, and under s. 23.096 (5), Stats.

Reversionary Interest has the meaning specified in the definition of Excluded Assets.

Examples of Reversionary Interest in a sentence

• Reversionary Interest: No determination of the underlying fee interest of the vacation area has been made as to title or reversionary interest.

• Reversionary Interest: No determinations of the underlying fee interest of the vacation areas have been made as to title or reversionary interest.

• Reversionary Interest: No determinations of the underlying fee interest of the vacation area has been made as to title or reversionary interest.

• The Vendor agrees to comply with the provisions of the Older Americans Act, as amended Section 312 and 321(b), Protecting Federal Reversionary Interest in Multipurpose Senior Centers.

• School Board and Lender further agree that any transfer of Borrower’s leasehold in interest in the Property in connection with foreclosure or deed in lieu thereof (a “Transfer”) shall not require School Board’s consent; provided, however, that notwithstanding a Transfer, the Property shall continue to be subject to the terms of the Ground Lease and the Use Restriction and any such Transfer shall in no way affect School Board’s Reversionary Interest.

More Definitions of Reversionary Interest

Reversionary Interest has the meaning set forth in Section 5.8.

Reversionary Interest is defined in Section 2.6(a).

Reversionary Interest reserved pursuant to the conveyance delivered at the First Closing is hereby released and dissolved. Whether or not the Second Closing occurs, the First Tranche shall be owned by Buyer and Seller shall have no right to require Buyer to reconvey the same to Seller, and except as otherwise provided in the Purchase Agreement or the JOA, Buyer shall be solely responsible for costs and liabilities associated with the First Tranche.

Reversionary Interest is defined in Section 20(b).

Reversionary Interest means the right of reversion in favor of the UG pertaining to the WCLB Property and the KDOT Property in the event that Developer fails to meet the conditions set forth in Section 2.1(d), which Reversionary Interest shall automatically be released immediately upon the Substantial Completion of the Project.

Reversionary Interest means 75% of the Interests ((i) excluding equipment and other tangible Interests disposed of in the ordinary course of business, and Leases and Units that have expired, been terminated or defeased in the ordinary course of business or by the Manager under the Management Agreement, and (ii) including any additions to the equipment and other tangible property owned by Buyer and located on the Land, appurtenant thereto or used or obtained in connection therewith or with the production, gathering, treatment, processing, sale or disposal of Hydrocarbons or water produced therefrom or attributable thereto), which shall automatically revert to and vest in Seller on the Full Production Date.

Reversionary Interest is defined in the Recitals.