ACRE TRACT Clause Samples
The "Acre Tract" clause defines a specific portion of land, measured in acres, that is subject to the terms of the agreement. This clause typically identifies the boundaries, size, and sometimes the location of the tract, ensuring all parties are clear about the exact property involved. By precisely delineating the land in question, the clause helps prevent disputes over property boundaries and ensures that contractual obligations apply only to the specified area.
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ACRE TRACT. In consideration for conveyance of the 13 acre tract of real property from the Authority to the Developer, the Developer agrees to timely complete the Project as set forth in Section 5.2. In the event that the Developer has not completed construction of the Project prior to December 31, 2025, the Developer will pay to the Authority the sum of TEN THOUSAND AND NO/100 DOLLARS ($10,000.00) per month for each month in which the Developer has not completed the Project by the first day of said month. The Developer’s obligation to honor such completion date is specifically conditioned upon timely completion by the City and the Authority of all of their respective obligations hereunder and subject to any delays in full completion of any of the conditions precedent set forth in Articles 11 and II above, any delays in completion of the Project Site Improvements, or anything beyond the reasonable control of the Developer including but not limited to acts of God, tornado or severe weather event, flood, strikes, shortages of materials or pandemic. The rights, duties and obligations set forth in this Section 5.8A shall terminate and be of no effect upon the twenty-fifth (25th) anniversary of the date of completion of the Project by the Developer.
ACRE TRACT. BEING MORE PARTICULARLY DESCRIBED BY ▇▇▇▇▇ AND BOUNDS AS FOLLOWS: BEGINNING AT A 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” SET FOR THE SOUTHEAST CORNER OF SAID 43.41 ACRE TRACT, FROM SAID CORNER A 1/2” CAPPED IRON ROD FOUND FOR THE SOUTHEAST CORNER OF SAID SECTION 229 BEARS S 07°25’59”W, A DISTANCE OF 2395.13 FEET (TIE). SAID SET 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” BEING CALLED THE POINT OF BEGINNING AND HAVING A TEXAS COORDINATE SYSTEM OF 1983, CENTRAL ZONE (4203), STATE PLANE COORDINATE OF N: 10528546.63, E: 1326591.79 FEET, FOR REFERENCE. THENCE N 59°29’33” W, A DISTANCE OF 567.34 FEET TO A 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” SET FOR THE SOUTHWEST CORNER OF SAID 43.41 ACRE TRACT FROM WHICH A FOUND 1” IRON ROD BEARS S 42°42’20” W, A DISTANCE OF 1840.32 FEET (TIE); THENCE N 42°42’20” E, A DISTANCE OF 3483.15 FEET TO A 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” SET FOR THE NORTHWEST CORNER OF SAID 43.41 ACRE TRACT, FROM WHICH A FOUND 60D NAIL BEARS S 30°18’49” E, A DISTANCE OF 70.14 FEET (TIE); THENCE S 47°19’55” E, A DISTANCE OF 550.09 FEET TO A 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” SET FOR THE NORTHEAST CORNER OF SAID 43.41 ACRE TRACT, FROM WHICH A MONUMENT FOUND FOR THE NORTHEAST CORNER OF SAID SECTION 229 BEARS S 47°19’55” E, A DISTANCE OF 1443.13 FEET (TIE); THENCE S 42°37’48” W, A DISTANCE OF 3363.64 FEET TO THE POINT OF BEGINNING, CONTAINING 43.41 ACRES OR 1,890,906 SQUARE FEET OF LAND, MORE OR LESS.
ACRE TRACT. MODIFICATION OF PROMISSORY NOTE AND LOAN AGREEMENT The undersigned parties to this agreement intend to modify that certain promissory note dated April, 12, 1996 executed by A W G, Ltd., a Nevada corporation, as Payee, in favor of Bar-K, Inc., a California corporation, as Lender, in the amount of $1,680,000.00 (the "promissory note"). As consideration for such modification of promissory note, A W G , Ltd., a Nevada corporation, agrees to pay to Bar-K, Inc., a California corporation, a modification of promissory note fee of $10,750.00 and A W G, Ltd., a Nevada corporation agrees to pay the amounts stated in Section 2 and 3 below. The parties agree to modify the promissory note as follows:
ACRE TRACT. A tract of land, situate on the Coldwater Creek Distributors property, located in Tygart District, Wood County, West Virginia, more particularly described as follows; Beginning at a point in the common division line between Clearwater Creek Distributors, and the Parkersburg / Wood County Development Corporation, from which a 5/8 inch rebar bears S 35º19’ W at 639.30 feet, thence running with said Development Corporation N 35º19’ E, 494.00 feet to a point, from which a 5/8 inch rebar bears N 35º19’ E at 182.14 feet, thence leaving said Development Corporation and running through and across the property from which this conveyance is a part of S 54º29’ E, 998.01 feet to a point, thence S 35º31’ W, 494.00 feet to a point, thence N 54º29’ W, 996.32 feet to the point of beginning containing 11.31 acres more or less as shown on a plat of survey by ▇▇▇▇▇▇▇ and Associates, Inc., dated October, 2005, said plat is hereby made mention of and made a part of this description.
ACRE TRACT. A tract of land, situate on the Coldwater Creek Distributors property, located in Tygart District, Wood County, West Virginia, more particularly described as follows; Beginning at a point in the common division line between Clearwater Creek Distributors, and the Parkersburg / Wood County Development Corporation, from which a 5/8 inch rebar bears S 35º19’ W at 639.30 feet, thence running with said Development Corporation N 35º19’ E, 494.00 feet to a point, from which a 5/8 inch rebar bears N 35º19’ E at 182.14 feet, thence leaving said Development Corporation and running through and across the property from which this conveyance is a part of S 54º29’ E, 998.01 feet to a point, thence S 35º31’ W, 494.00 feet to a point, thence N 54º29’ W, 996.32 feet to the point of beginning containing 11.31 acres more or less as shown on a plat of survey by ▇▇▇▇▇▇▇ and Associates, Inc., dated October, 2005, said plat is hereby made mention of and made a part of this description. All of those two certain tracts or parcels of land, together with the improvements thereon and the appurtenances thereunto belonging, situate in the City of Parkersburg (formerly Tygart District), Wood County, West Virginia, and being more particularly bounded and described as follows:
ACRE TRACT. Commence at the Southeast corner of Section ▇▇, ▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, Florida and run thence North a distance of 409.96 feet, thence West 408.24 feet to a copper pin at the intersection of the centerline of Magnolia Drive and the centerline of East Lafayette Street, thence North 00 degrees 02 minutes 00 seconds East along the said centerline of Magnolia Drive a distance of 33.61 feet, thence South 79 degrees 02 minutes 00 seconds East 50.92 feet to the intersection of the East right-of-way of said Magnolia Drive with the North right-of-way of said ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, thence run North 00 degrees 02 minutes East along the Easterly right-of-way of said Magnolia Drive a distance of 535.77 feet to a concrete monument on the intersection of the Easterly right-of-way of said Magnolia Drive with the Northerly right-of-way of U.S. No. 27, thence run North 00 degrees 03 minutes 51 seconds East along said Easterly right-of-way 996.27 feet to the intersection of the Easterly right-of-way of Magnolia Drive with the Northerly right-of-way of Governor's Square Boulevard for the POINT OF BEGINNING. From said POINT OF BEGINNING continue North 00 degrees 03 minutes 51 seconds East 656.24 feet to the intersection of the Easterly right-of-way of said Magnolia Drive with the Southerly right-of-way of Park Avenue, thence leaving said Easterly right-of-way run North 89 degrees 44 minutes East along the Southerly right-of-way of said Park Avenue a distance of 695.0 feet, thence leaving the said Southerly right-of-way run South 00 degrees 03 minutes 51 seconds West along a line 695 feet from and parallel to the Easterly right-of-way of said Magnolia Drive, a distance of 626.44 feet to a point on the Northerly right-of-way of said Governor's Square Boulevard said point lying on a curve concave Southerly, thence run Northwesterly along said right-of-way curve with a radius of 642.37 feet, through a central angle of 12 degrees 40 minutes 02 seconds for an arc length of 141.73 feet, thence run South 85 degrees 59 minutes 28 seconds West along said Northerly right-of-way 554.78 feet to the POINT OF BEGINNING containing 10.12 acres more or less. Less and except the outparcel referred to in Article XXVIII C of the foregoing lease, measuring approximately 145 feet along Magnolia Drive, approximately 152 feet along Governors Square Avenue, approximately 136 feet on its easterly boundary and approximately 150 feet on its northerly boundary.
ACRE TRACT. BEING 2.55 ACRES OF LAND LYING IN New City Block 15101 and being the remaining portion of Lot 2, Nob Hill Subdivision, recorded in Volume 6900, Page 37 of the Plat Records of Bexar County, Texas and being more particularly described as follows: BEGINNING at an iron rod set, with cap, at the most northeast corner of the beforementioned Lot 2, lying in the west right-of-way line of Interstate High 10 (300 foot wide right-of-way) and also being the most east corner of Lot 5, Exxon Subdivision, recorded in Volume 7700, Page 198, of the Plat Records of Bexar County, Texas;
ACRE TRACT. Additionally, the City shall have an additional 10 foot construction easement having one of its boundaries running coincident with the inner boundary of the 30 foot greenway easement to be available for use by the City during periods of time that active construction, maintenance or repair activities of the City are occurring within the 30 foot greenway easement. The greenway easement shall be dual purpose, and shall also be permitted to be used the placement of utilities within the easement, including water, sewer, stormwater, and conduit infrastructure for the purpose of telecommunications facilities, such as fiber. Additionally, the City shall be permitted to allow economic development grading and activity as needed within this 30 foot greenway easement should the balance of the Berkeley ▇▇▇▇▇ Property be used by the City for economic development purposes and Balfour Road be relocated. Lastly, the City shall grant concurrent use of the greenway easement to the Board of Education for use by the Henderson County public schools for cross-country athletics purposes; provided, however, that construction of a greenway within the greenway easement by the City shall be subject to available funding.
ACRE TRACT. The Board of Education shall be responsible for procuring at its expense the survey and subdivision plat required for the conveyance of the Berkeley Remainder Tract to the Board of Education, if required. The survey and subdivision plat shall be subject to the approval of the City, prior to its finalization and recordation, such approval to not be unreasonably withheld.
ACRE TRACT. The City shall be responsible only for the maintenance of the associated meter(s). Location and placement of the meter(s) shall at times remain subject to the sole discretion of the City. The terms of this paragraph shall survive closing on the conveyance of the
