Common use of Independent Unit Clause in Contracts

Independent Unit. The Property is an independent unit which does not now rely on any facilities (other than facilities covered by Permitted Exceptions or facilities of municipalities or public utilities) located on any property that is not part of the Property to fulfill any municipal or other governmental requirement, or for the furnishing to the Property of any essential building systems or utilities (including drainage facilities, catch basins, and retention ponds), except as described in the Permitted Exceptions. No other building or other property that is not part of the Property relies upon any part of the Property to fulfill any municipal or other governmental requirement, or to provide any essential building systems or utilities.

Appears in 3 contracts

Samples: Agreement of Purchase and Sale (Asset Capital Corporation, Inc.), Agreement of Purchase and Sale (Asset Capital Corporation, Inc.), Agreement of Purchase and Sale (Asset Capital Corporation, Inc.)

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Independent Unit. The Property is an independent unit which does not now rely on any facilities (other than facilities or parking arrangements covered by Permitted Exceptions or facilities of municipalities or public utilities) located on any property that is not part of the Property to fulfill any municipal or other governmental requirement, or for the furnishing to the Property of any essential building systems or utilities (including drainage facilities, catch basins, and retention ponds), except as described in the Permitted Exceptions. No other building or other property that is not part of the Property relies upon any part of the Property to fulfill any municipal or other governmental requirement, or to provide any essential building systems or utilities.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Asset Capital Corporation, Inc.)

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Independent Unit. The Other than recorded easements, the Property is an independent unit which does not now rely on any facilities (other than facilities covered by Permitted Exceptions easements appurtenant to the Property or facilities of or municipalities or public utilities) located on any property that is not part of the Property to fulfill any municipal or other governmental requirement, or for the furnishing to the Property of any essential building systems or utilities (including drainage facilities, catch basins, and retention ponds). Other than record easements, except as described in the Permitted Exceptions. No no other building or other property that is not part of the Property relies upon any part of the Property to fulfill any municipal or other governmental requirement, or to provide any essential building systems or utilities.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mack Cali Realty Corp)

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