Adjacent Parcel Sample Clauses

The Adjacent Parcel clause defines the rights and obligations of parties concerning land or property that is directly next to or bordering the main parcel involved in the agreement. Typically, this clause clarifies whether the parties have any rights to use, access, or develop the neighboring land, and may address issues such as shared driveways, easements, or maintenance responsibilities. Its core function is to prevent disputes and ensure clarity regarding the use and management of land that is physically close to, but not part of, the primary property.
POPULAR SAMPLE Copied 1 times
Adjacent Parcel. The parties acknowledge that Lessor and Lessee are --------------- parties to a lease (the "Adjacent Parcel Lease") for the adjacent parcel of real estate commonly known as ▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇. Any default by Lessee under the Adjacent Parcel Lease shall, at Lessor's option, constitute a default under this Lease
View SourceView Similar (2)
Adjacent Parcel. A parcel adjacent to the Real Estate. A parcel that --------------- is separated from the Real Estate only by a driveway, street, or other means of access will be considered an Adjacent Parcel. Alcoholic Beverage License: A transferable license for the sale of -------------------------- alcoholic beverages at the Offered Parcel.
View Source
Adjacent Parcel. Tenant may only exercise the Purchase Option as to the Adjacent Parcel (the “Adjacent Parcel Purchase Option”) in the event Building 3 is not constructed or under construction (Building 3 shall be deemed to be under construction in the event any items of physical preparation for construction have occurred, e.g., grading of the site) during the Property Purchase Option Period (“Adjacent Parcel Purchase Option Period”). Provided Tenant requests such a determination at least thirty days in advance, Landlord will provide Tenant with copies of any loan documents pertaining to the Property together with estimated calculations of any prepayment penalties or assumption fees relating to any existing loan documents on or before the first day of the forty-first (41st) full month of the Term.
View Source
Adjacent Parcel. If a building is constructed on the Adjacent Parcel: (a) the following provisions of Exhibit C to the Lease will not apply: the definition of “Premises” in ▇▇▇▇▇▇▇▇▇ ▇.▇, ▇▇▇▇▇▇▇▇▇▇ ▇.▇ and C.3, the third sentence of Paragraph C.4 (“The load factor . . . Building 3.”), C.5, C.6, and C.7; and (b) the following will automatically be added to Section 7.3 of the Lease: “All subterranean parking constructed under Building 3 will be for the exclusive use of the tenants of Building 3. Tenant acknowledges that the nature and configuration of the parking area and driveway circulation will change as the result of the development of the Project and that tenants of the Adjacent Parcel may be parking on the Property and Tenant may be parking on the Adjacent Parcel; provided that nothing herein will reduce the number of Tenant’s Parking Spaces as defined in Section 9.d. of the First Amendment to this Lease.”
View Source
Adjacent Parcel the parcel of land designated as Lot 9 in Block 47.01 on the tax map of the Township of Monroe, Middlesex County, New Jersey.
View Source
Adjacent Parcel. The parties acknowledge that ▇▇▇▇▇ ▇▇▇▇ Investment --------------- Partners, an affiliate of Lessor, is granting Lessee a right of first refusal to lease the adjacent parcel of real estate commonly known as ▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ (the "Adjacent Parcel"). Any default under any lease executed by and between ▇▇▇▇▇ ▇▇▇▇ Investment Company and Lessee for all or any portion of the Adjacent Parcel shall, at Lessor's option, constitute a default under this Lease.
View Source
Adjacent Parcel. Approximately 6 acres of unimproved real property adjacent to the Subject Property within the Aerospace Research Campus in Tucson, Arizona, which is more particularly described on Exhibit B-I and depicted on Exhibit B-II, which is within an area designated by Landlord as an Aerospace, Defense, and Technology Business and Research Park and is referred to as the Aerospace Research Campus (ARC) in Tucson, Arizona.
View Source
Adjacent Parcel 
View SourceView Similar (2)

Related to Adjacent Parcel

  • Tax Parcels Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, which shall be effective for the next tax year.

  • Car Parking You will not be entitled to apply for permit parking on the Campus unless you are entitled to an exemption from this policy.

  • Project Site The “Project Site” is the place where the Work is being carried on.

  • TENANT PARKING Landlord shall provide Tenant, throughout the Lease Term, the number of reserved and unreserved parking. passes see forth in Section 11 of the Summary, located in those portions of the Parking Facilities as may be designated by Landlord from time to time. The initial location of Tenant's reserved parking passes in the Parking Facilities is set forth on Exhibit H-1 attached hereto. Tenant acknowledges and agrees that Landlord shall have the right to relocate a portion of Tenant's reserved parking passes (from the location depicted on Exhibit H-1) to another location in the Project depicted on Exhibit H-2 attached hereto. All parking passes that are designated as reserved for Tenant shall be so designated utilizing a stencil designation at, Landlords sole cost and expense. Tenant shall not be obligated to pay any parking charges for any of Tenant Is parking passes described in Section 11 of the Summary. Tenant's continued right to use the parking passes is conditioned upon Tenant abiding by all reasonable rules and regulations which are prescribed from time to time for the orderly operation and use of the Parking Facilities and upon Tenant's reasonable cooperation in seeing that Tenant's employee's and visitors also comply with such rules and regulations. In addition, Landlord may assign any parking spaces and/or make all or a portion of such spaces reserved or institute a valet parking program if Landlord determines in its sole discretion that such is necessary or desirable for orderly and efficient parking. Landlord specifically reserves the right, from time to time, to change the size, configuration, design, layout, location and all other aspects of the Parking Facilities, and Tenant acknowledges and agrees that Landlord, from time to time, may, without incurring any liability to Tenant and without, except as otherwise provided in Section 6.5 above, any abatement of Rent trader this Lease temporarily close off or restrict access to the Parking Facilities, or temporarily relocate Tenant); parking spaces to other parking structures and/or surface parking areas within a reasonable distance from the Parking Facilities, for purposes of -permitting or facilitating any such construction, -alteration or improvements or to accommodate or facilitate renovation, alteration, construction or other modification of other improvements or structure]; located on the Real Property. Landlord may delegate its responsibilities hereunder to a parking operator in which case such parking operator shall have all the rights of control attributed hereby to Landlord. The parking passes provided to Tenant pursuant to this Article 23 are provided solely for use by Tenant's own personnel and such passes may not be transferred, assigned, subleased or otherwise alienated by Tenant without Landlord's, prior approval (except to any assignee or sublessee permitted under the terms of Article 14 hereof).

  • Additional Land All ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ and development rights hereafter acquired by Borrower for use in connection with the Land and the development of the Land and all additional lands and estates therein which may, from time to time, by supplemental mortgage or otherwise be expressly made subject to the lien of this Security Instrument;