LAND DIVISION ACT Sample Clauses

LAND DIVISION ACT. (For unplatted land only): Seller and Buyer agree that the following statements shall be included in the deed at the time of delivery:
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LAND DIVISION ACT. If the closing of this sale will result in a division of the property from a larger parcel the Seller owns, the division 120 may be subject to the Land Division Act. The parties should consult with their respective legal counsel regarding the requirements of the 121 Land Division Act. If the Act requires approval of the division, Seller is responsible for obtaining appropriate approval of the division before 122 closing. If the property constitutes an entire parent parcel, the Seller will convey all division rights to the Buyer. If the property constitutes 123 less than entire parent parcel, the parties agree the Seller will convey division rights to the Buyer as part of this transaction. Buyer 124 and Seller understand that development of any parcel is subject to further conditions and limitations under the municipality’s zoning 125 ordinances. 126 127 This paragraph is not applicable. 128 129 Buyer Initials: Seller Initials: 130 131
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LAND DIVISION ACT. The grantor grants the grantee the right to make (0) zero divisions under section 108 of the Land Division Act no. 288 of the Public Acts of 1967 and subject to the approval of the governing municipality.
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LAND DIVISION ACT. (For unplatted land only.) Seller acknowledges that he has been advised to seek legal counsel in regard to the appropriate information required in the division of unplatted land under the Land Division Act (Act No. 288 of the Public Acts of 1967); and, that REALTOR® assumes no responsibility in connection with application or compliance with the Act.
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LAND DIVISION ACT. If the closing of this sale will result in a division of the property from a larger parcel the Seller owns, the division 120 may be subject to the Land Division Act. The parties should consult with their respective legal counsel regarding the requirements of the Land 121 Division Act. If the Act requires approval of the division, Seller is responsible for obtaining appropriate approval of the division before closing. 122 If the property constitutes an entire parent parcel, the Seller will convey all division rights to the Buyer. If the property constitutes less than 123 entire parent parcel, the parties agree the Seller will convey division rights to the Buyer as part of this transaction. Buyer and Seller 124 understand that development of any parcel is subject to further conditions and limitations under the municipality’s zoning ordinances. 125 126 This paragraph is not applicable. 127 128 129 Buyer Initials: Seller Initials: 130 14. CLOSING: The parties will close this sale on or before Buyer to have complete possession 131 calendar days after closing by am or pm. After possession date, if Xxxxxx remains, Xxxxxx agrees to pay Xxxxx at the rate 132 of $ per calendar day plus all of the Buyer’s actual reasonable attorneys fees and court costs incurred in removing the Seller from 133 the property. Said payment shall not be construed as rent but as liquidated damages. If tenants occupy the property: Seller will give 134 30 calendar days notice to vacate the tenants before closing; or Buyer will assume responsibility for the tenants. Tenants are as follows 135 . Rents are to be prorated to date of closing and security deposits, if any, to be 136 transferred to Buyer at closing. On the agreed delivery date on which Xxxxx is entitled to possession, Seller shall deliver possession of the 137 property to Buyer in the same condition and state of repair as existed on the date of acceptance of this agreement. The property shall be free 138 of trash and debris and Seller shall remove all personal property (unless otherwise stated in the agreement or an additional written agreement.) 139 Seller to be responsible for all utilities until delivery of property is given to Buyers. Seller shall make arrangements for final payment on all 140 utilities and shall deliver all keys to Buyer. Buyer reserves the right to walk through Property within 48 hours prior to closing to determine 141 whether terms of Agreement have been met. 143 15. PROPERTY INSPECTION: Buyer has the right...
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Related to LAND DIVISION ACT

  • Competition Act The aggregate value of all assets in Canada that are owned by the Company and by corporations controlled by the Company (other than assets that are shares of any of those corporations) or the annual gross revenues from sales in and from Canada generated from such assets do not exceed, in either case $50 million as determined pursuant to subsection 110(3) of the Competition Act. 69 QuickLinks

  • SAFETY AND HEALTH 20.1 The Employer, employee and Union have a significant responsibility for workplace safety and health.

  • National Housing Act Subject to the terms and provisions of the Servicing Agreement referred to above, the Mortgage Loans hereby assigned will be administered and serviced by the Bank, as agent of Assignee, in accordance with the National Housing Act (Canada) and National Housing Regulations (Canada).

  • Governmental Regulation Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation.

  • Environmental, Health and Safety Laws There does not exist any violation by the Borrower or any Subsidiary of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental, pollution, health or safety matters which will or threatens to impose a material liability on the Borrower or a Subsidiary or which would require a material expenditure by the Borrower or such Subsidiary to cure. Neither the Borrower nor any Subsidiary has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance or remedial action could constitute an Adverse Event.

  • California Commissioner of Corporations THE SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF THE SECURITIES OR PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION FOR SUCH SECURITIES PRIOR TO THE QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATIONS BY SECTION 25100, 25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT.

  • Governmental Regulations Neither the Borrower nor any Subsidiary of the Borrower is subject to regulation under the Public Utility Holding Company Act of 1935, as amended, the Federal Power Act, as amended, or the Investment Company Act of 1940, as amended, and neither the Borrower nor any Subsidiary of the Borrower is subject to any statute or regulation which prohibits or restricts the incurrence of Indebtedness under the Loan Documents, including, without limitation, statutes or regulations relative to common or contract carriers or to the sale of electricity, gas, steam, water, telephone, telegraph or other public utility services.

  • Planning Act This Agreement shall be effective to create an interest in the property only if Seller complies with the subdivision control provisions of the Planning Act by completion and Seller covenants to proceed diligently at Seller’s expense to obtain any necessary consent by completion.

  • et seq Effective May 24, 2002 ---------------------------- ---------------------------------------- -------------------------- Oklahoma Consumer Credit Code (codified in Subsection 10 Mortgage various sections of Title 14A) Effective for loans taken on or after January 1, 2004 ---------------------------- ---------------------------------------- -------------------------- West Virginia West Virginia Residential Mortgage West Virginia Mortgage Lender, Broker and Servicer Act, W. Loan Act Loan Va. Code Ann. ss.ss. 31-17-1 et seq. Effective June 5, 2002 ---------------------------- ---------------------------------------- -------------------------- STANDARD & POOR'S COVERED LOAN CATEGORIZATION ---------------------------- ---------------------------------------- -------------------------- State/Jurisdiction Name of Anti-Predatory Lending Category under Applicable Anti-Predatory Lending Law/Effective Date Law ---------------------------- ---------------------------------------- -------------------------- Georgia (Oct. 1, 2002 - Georgia Fair Lending Act, Ga. Code Covered Loan Mar. 6, 2003) Ann. ss.ss. 7-6A-1 et seq. Effective October 1, 2002 - March 6, 2003 ---------------------------- ---------------------------------------- -------------------------- New Jersey New Jersey Home Ownership Security Act Covered Home Loan of 2002, N.J. Rev. Stat. ss.ss. 46:10B-22 et seq. Effective November 27, 2003 - July 5, 2004 ---------------------------- ---------------------------------------- -------------------------- STANDARD & POOR'S HOME LOAN CATEGORIZATION ------------------------------------------------------------------------------------------------ State/Jurisdiction Name of Anti-Predatory Lending Category under Applicable Anti-Predatory Lending Law/Effective Date Law ---------------------------- ---------------------------------------- -------------------------- Georgia (Oct. 1, 2002 - Georgia Fair Lending Act, Ga. Code Home Loan Mar. 6, 2003) Ann. ss.ss. 7-6A-1 et seq. Effective October 1, 2002 - March 6, 2003 ---------------------------- ---------------------------------------- -------------------------- New Jersey New Jersey Home Ownership Security Act Home Loan of 2002, N.J. Rev. Stat. ss.ss. 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 ---------------------------- ---------------------------------------- -------------------------- New Mexico Home Loan Protection Act, N.M. Rev. Home Loan Stat. ss.ss. 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 ---------------------------- ---------------------------------------- -------------------------- North Carolina Restrictions and Limitations on High Consumer Home Loan Cost Home Loans, N.C. Gen. Stat. ss.ss. 00-1.1E et seq. Effective for loans taken on or after January 1, 2004 ---------------------------- ---------------------------------------- --------------------------

  • Lien Protection Lessee shall pay when due all claims for labor or materials furnished or alleged to have been furnished to or for Lessee at or for use on the Premises, which claims are or may be secured by any mechanic's or materialmen's lien against the Premises or any interest therein. Lessee shall give Lessor not less than ten (10) days' notice prior to the commencement of any work in, on, or about the Premises, and Lessor shall have the right to post notices of non-responsibility in or on the Premises as provided by law. If Lessee shall, in good faith, contest the validity of any such lien, claim or demand, then Lessee shall, at its sole expense, defend and protect itself, Lessor and the Premises against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon before the enforcement thereof against the Lessor or the Premises. If Lessor shall require, Lessee shall furnish to Lessor a surety bond satisfactory to Lessor in an amount equal to one and one-half times the amount of such contested lien claim or demand, indemnifying Lessor against liability for the same, as required by law for the holding of the Premises free from the effect of such lien or claim. In addition, Lessor may require Lessee to pay Lessor's attorneys' fees and costs in participating in such action if Lessor shall decide it is to its best interest to do so.

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