Land Assembly Sample Clauses
The Land Assembly clause defines the process and conditions under which multiple parcels of land are combined into a single, unified property for development or sale. Typically, this clause outlines the responsibilities of each party in acquiring individual lots, the timeline for assembling the parcels, and any contingencies if certain parcels cannot be obtained. Its core practical function is to facilitate large-scale projects by ensuring that all necessary land components are secured, thereby reducing the risk of incomplete or fragmented development.
Land Assembly. Upon delineation of additional land parcels to the Site land requirements and listing of parcels to be acquired, if any, the Commission may proceed with appraisals, and acquisition and relocation activities subject to availability of funds.