Released Property definition

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

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.

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).

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.

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

• 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.

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

• The Authority and the City shall execute, deliver and cause to be recorded all documents required to discharge the Site Lease, this Lease and the Assignment Agreement of record against the Released Property.

More Definitions of Released Property

Released Property. As defined in Section 7.04.

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 has the meaning set forth in Section 11.4.

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

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.