Common use of Adjacent Properties Clause in Contracts

Adjacent Properties. Developer has entered into a ------------------- separate Lease, dated April 21, 1988, with the Board of Water Commissioners of the City of Long Beach (the "Water Department Lease"), for the development of certain adjacent properties ("Adjacent Properties") identified in Exhibit "B", into the Project for creation of an integrated development. The fair market value and fair market Ground Rent and periodic adjustments thereof of said Adjacent Properties shall be as mutually agreed by said Board of Water Commissioners and Developer, and by Landlord, as to that portion under jurisdiction of Landlord. Development of the Adjacent Properties shall be governed by the Water Department Lease (and Landlord, as to its property).

Adjacent Properties. Developer has entered into a ------------------- separate -------------------- Lease, dated April 21, 1988, with the Board of Water Commissioners of the City of Long Beach (the "Water Department Lease"), for the development of certain adjacent properties ("Adjacent Properties") identified in Exhibit "B", into the Project for creation of an integrated development. The fair market value and fair market Ground Rent and periodic adjustments thereof of said Adjacent Properties shall be as mutually agreed by said Board of Water Commissioners and Developer, and by Landlord, as to that portion of the Premises under the jurisdiction of Landlord. Development of the Adjacent Properties shall be governed by the Water Department Lease (and Landlord, as to its property.).