Development Land Sample Clauses
The 'development-land' clause defines the terms and conditions related to land designated for development within a contract. It typically outlines the specific parcels of land subject to development, any restrictions or requirements for their use, and the obligations of the parties regarding planning permissions, infrastructure, or improvements. For example, it may specify timelines for commencing construction or conditions that must be met before development can proceed. This clause ensures clarity about which land is involved in the development project and helps prevent disputes by setting clear expectations and responsibilities for all parties.
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Development Land. (a) The land to which the Development relates, is located at ▇▇-▇▇ ▇▇▇▇▇ ▇▇▇▇, Castle Hill, and is identified as Lot 2 in Deposited Plan 565458 held in Certificate of Title Volume 12322 Folio 78.
(b) The Development Application seeks Development Consent for a two-stage subdivision of the Land to allow the Marymount Forest and Tahlee Park Extension to be transferred to Council independently of the Community Title residential subdivision component of the development. To this end:
(i) Stage 1 will involve a Torrens Title subdivision of the existing allotment into Lot 100 (Marymount Forest) and Lot 101 (Balance Land) shown in the Stage 1 Plan, with Marymount Forest (Lot 100) to be transferred to Council; and
(ii) Stage 2 will involve:
(A) a subdivision of Lot 101 (Balance Land) under Community Title to create the Tahlee Park Extension (Lot 65 in the Stage 2 Plan), 63 residential lots (numbered 2 to 64 in the Stage 2 Plan) and Mercy Park (Lot 1 in the Stage 2 Plan), with Mercy Park to be maintained by the community association in accordance with a Community Management Statement; and
(B) the dedication of the Roads and Infrastructure and Tahlee Park Extension (Lot 65) to Council.
Development Land the whole or any part or parts of the Property with the benefit of a Relevant Planning Permission.
Development Land the whole or such part or parts of the Property in respect of which Planning Permission is granted during the Overage Period.
Development Land. If the Closing for the Union Project does not occur prior to December 31, 2025, then Parties agree that within sixty (60) days thereafter, the City Bodies shall purchase (unless the Parties agree otherwise) the Development Land from Developer for the Development Land Price as calculated pursuant to Exhibit H (including, without limitation, the cap of $5,900,000.00, the “Development Land Price") and pursuant to the terms included in. Exhibit I (the “Development Land Closing Terms”). However, upon Closing on the Union Project, the City Bodies’ right and/or obligation to purchase the Development land shall automatically and without further action of the Parties terminate.
Development Land. (a) ▇▇▇▇▇▇ has not carried out any development within the meaning of Section 639 TCA or otherwise entered into any transaction as a result of which it could be assessed to tax under Chapter 1of Part 22 TCA (dealing in or developing land).
(b) ▇▇▇▇▇▇ has not carried out any disposal within the meaning of Section 648 TCA or otherwise entered into any transaction as a result of which it could be assessed to tax under Chapter 2 of Part 22 TCA (disposals of development land).
Development Land. Mount Snow shall have the right, prior to November 9, 2015, to request Lender to release the lien of the Mount Snow Security Documents as to certain proposed developable land (such proposed property “Development Land”), which Development Land is part of a larger parcel or parcels of land and is presently encumbered by the Mount Snow Security Documents (the totality of such property, the “Mount Snow Ski Resort”).