Benefited Property Clause Samples

The 'Benefited Property' clause defines the specific parcel or parcels of real estate that receive the advantages or rights granted by an agreement, such as an easement or covenant. In practice, this clause identifies the property that is entitled to use a shared driveway, access a utility line, or enjoy other rights established in the contract. By clearly designating which property is benefited, the clause ensures clarity for all parties and helps prevent future disputes over the scope and application of the granted rights.
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Benefited Property. The proposed system Extension(s) shall be installed in streets, approved rights-of-way and easements at the Developer’s sole cost for the use and benefit of the property legally described as:
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Benefited Property. Location
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Benefited Property. Landlord’s Property and Tenant’s Fee Lands to which the Water Rights are or become appurtenant.
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Benefited Property. The Activity Space shall benefit NMCDC, or the NMCDC-affiliated entity created to hold title to Tract 2. NMCDC, or the NMCDC-affiliated entity created to hold title to the Tract 2 shall allow owners of the units created as part of the Income-Qualified Home Ownership Project to have access to the Activity Area, but such owners are not beneficial owners, and their agreement is not required to amend or terminate this Agreement.
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Benefited Property. It is hereby agreed and covenanted that the Benefited Property receives benefit from the Stormwater Management Facilities by controlling runoff from the Benefited Property to meet the requirements of the City’s Policy on Stormwater Runoff Control.
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Benefited Property. This easement is to benefit the ▇▇▇▇▇ Hydroelectric
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Benefited Property. Benefited Property ▇▇▇ ▇
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Benefited Property. This easement is to benefit the ▇▇▇▇▇ Hydroelectric 2 Project No. 2149.
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Benefited Property. The Owner agrees and acknowledges that the Property is benefitted from the Improvements and that the method of assessment prescribed in Resolution No. is equitable and in proportion to and not exceeding the special benefits derived from the Improvements by the Property.
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Related to Benefited Property

  • Mortgaged Property Undamaged The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

  • Mortgaged Property The real property securing repayment of the debt evidenced by a Mortgage Note.

  • Pledged Property (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a security interest for such time until the Obligations are paid in full, in and to all of the property of the Company as set forth in Exhibit "A" attached hereto and the products thereof and the proceeds of all such items (collectively, the "Pledged Property"): (b) Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge, file, record and deliver to the Secured Party any documents reasonably requested by the Secured Party to perfect its security interest in the Pledged Property. Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge and deliver to the Secured Party such documents and instruments, including, without limitation, financing statements, certificates, affidavits and forms as may, in the Secured Party's reasonable judgment, be necessary to effectuate, complete or perfect, or to continue and preserve, the security interest of the Secured Party in the Pledged Property, and the Secured Party shall hold such documents and instruments as secured party, subject to the terms and conditions contained herein.

  • Possessory Collateral Immediately upon Borrower's receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower's attorney and agent-in-fact, to endorse or assign the same on Borrower's behalf.

  • Recovered Property If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.