Common use of Final Map Clause in Contracts

Final Map. Borrower shall have delivered to Administrative Agent and Majority Lenders shall have approved a Final Map (a Tentative Map is not sufficient for inclusion of Borrower Real Property as Finished Lots) of the Finished Lots pursuant to the applicable subdivision map requirements, which Final Map shall have been recorded in the Official Records. Each Final Map must contain a legal description of the Finished Lots, must describe and show all boundaries of and lot lines within such Finished Lots and all streets and other dedications, and must contain such other information and certifications as Administrative Agent may request.

Appears in 1 contract

Sources: Senior Secured Term Loan Agreement (William Lyon Homes)

Final Map. To the extent requested by Administrative Agent, Borrower shall have delivered to Administrative Agent and Majority Lenders shall have approved a Final Map (a Tentative Map is not sufficient for inclusion of Borrower Real Property as Finished Lots) of the Finished Lots pursuant to the applicable subdivision map requirements, which Final Map shall have been recorded in the Official Records. Each Final Map must contain a legal description of the Finished Lots, must describe and show all boundaries of and lot lines within such Finished Lots and all streets and other dedications, and must contain such other information and certifications as Administrative Agent may request.

Appears in 1 contract

Sources: Senior Secured Term Loan Agreement (William Lyon Homes)