Option Land definition

Option Land means the land described in the Option Agreements;
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Option Land means the land shown in blue on the Map and described as Under Option to GDC.
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Option Land means the "option land" as defined in the LLC Agreement.
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Examples of Option Land in a sentence

  • B The Developer owns the Developer’s Land and has a right to purchase the Option Land.

  • Where there is termination and not all the Option Land has been transferred to Capco, an overage regime will apply should the Council sell this land to a third party for more than it would have obtained from Capco (having regard to both the cash consideration and the value of the Replacement Homes).

  • This reduced to £89,500,000 if the Seagrave Road Houses were not included in the Option Land at the relevant time.

  • Based on preliminary plans, the Land is proposed for a landmark commercial development with an estimated gross development value (“GDV”) of approximately RM1.4 billion and potential upside to RM2 billion with the 5.95 acres Option Land.

  • The Mortgage was not immediately in registrable form but it is common ground that the intention was that it cover the Option Land.

  • On 26 June 2007 a mortgage ("the Mortgage") over the Option Land was executed by Poplar in favour of Walker Corporation to secure advances of approximately $16m, repayable in June 2010.

  • The option is exercisable by Convention City within 2 years from the date the Landowner procures the separate issue document of title to the Option Land.

  • The loan was secured by, amongst other things, an unregistered mortgage over the Option Land, and a charge over Poplar's assets, which included the Option Land.

  • Assuming Convention City exercises its option to develop the Option Land with the Landowner, the aggregated percentage ratio applicable to both transactions is 12.4%.

  • On 25 June 2007 the Managing Director of Walker Corporation was sent a copy of a letter from the Club's solicitors to JACS threatening the institution of proceedings to enforce contractual rights – "to ensure JACS complies with its obligations under the MOU." That letter did not refer to any application for a declaration that a constructive trust existed over or should be imposed on the Option Land, nor did it claim that JACS or Poplar owed the Club any fiduciary duty.


More Definitions of Option Land

Option Land means the area hatched in red on the plan attached as Annexure E;
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Option Land means those portions of the Project Area as to which Developer from time to time may exercise the Option.
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Option Land. As defined in Article 1.
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Option Land. That certain parcel or contiguous parcels of land located in the City of Portsmouth, State of Virginia covered by and more particularly described in the Option Contract.
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Option Land means the area approximately 18 acres of the Airport more particularly described on Exhibit “A-4.” attached hereto and incorporated herein by this reference, which Rail Company is granted an option to lease from the Authority in accordance with the terms and conditions of this Agreement.
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Related to Option Land

  • adjacent land means all land that borders a property and all land that would have bordered a property, if they were not separated by a river, road, railway line, power transmission line, pipeline, or a similar feature;

  • the Land means the land (including for the avoidance of doubt all buildings, structures landscaping and other erections) situated at and known as Xxxxxxx School Xxxxxxxxxxx Xxxx Xxxxxxxxxx Xxxxxxxxx XX00 0XX and registered under Title Number WT292137;

  • Indian land means the lands of any Indian Tribe or within Indian country.

  • Indian lands means lands owned by the United States and held for the use or benefit of Indian tribes or bands or individ- ual Indians and lands within the boundaries of a federally recog- nized reservation that are owned by Indian tribes or bands or indi- vidual Indians.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Parcel of land means the aggregate of one or more areas of land described in a certificate of title or described in a certificate of title by reference to a plan filed or registered in a land titles office;

  • The Project Site, where applicable, means the place or places named in the SCC.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Mining Rights means all interests in the surface of any lands, the minerals in (or that may be extracted from) any lands, all royalty agreements, water rights, patented and unpatented mining and millsite claims, fee interests, mineral leases, mining licenses, profits-a-prendre, joint ventures and other leases, rights-of-way, inurements, licenses and other rights and interests used by or necessary to mining and related processing operations.

  • Vacant Land means the land parcels described on Schedule A attached hereto.

  • Lands means the purchase of real property or interest in real property.

  • Acreage means the number of acres of land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the Board may rely on the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map.

  • Plant Site (Works, Factory) means the local integration of one or more plants, with any intermediate administrative levels, which are under one operational control, and includes common infrastructure, such as:

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Option means a stock option granted pursuant to the Plan.

  • Crown lands has the same meaning as is given to that term by the Land Act;

  • Timberlands means all the timberlands from time to time owned by the Loan Parties.

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

  • Subject Lands means the lands subject to or covered by the oil and gas leases described in Exhibit A, insofar and only insofar as they are located within the AMI Area and cover the Target Formation, subject to the exceptions, exclusions and reservations set forth on such Exhibit A.

  • Height of building means height measured from the abutting road and in case of undulated terrain height can be considered as average of the corresponding ground level. The parapet wall, staircase head room, lift room, water tank are excluded from the height of the building.

  • Tract means 2 or more parcels that share a common property line and are under the same ownership.

  • Said Land shall have the meaning ascribed to such term in Recital XV of this Deed and which is more fully and particularly described in the Second Schedule written hereunder and delineated and demarcated in Annexure – B hereto;

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Crown land means land in which there is a Crown interest or a Duchy interest;

  • 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);