Legal Parcel Sample Clauses

Legal Parcel. The Property shall constitute a legal parcel under the California Subdivision Map Act (California Government Code Section 66411, et. seq.
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Legal Parcel. To the best of Seller's knowledge, the Realty constitutes a legal parcel that has been subdivided in compliance with all applicable laws, ordinances, and other requirements of the State of Nevada and local governmental authorities.
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Legal Parcel. The Lot (or group of Lots) to be released constitute a legally subdivided interest in real property, the remaining Collateral shall constitute a legally subdivided interest in new property, and the release of such Lot will not impair access to the remaining Collateral or otherwise violate any requirements of any document of record covering the Approved Subdivision or any applicable law regarding subdivisions, parcel maps, lots or parcels and/or the sale of real property.
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Legal Parcel. To Seller's knowledge the Property is a legal lot ------------ or parcel which for all purposes may be mortgaged, conveyed and otherwise dealt with as separate parcel and is taxed as a separate parcel.
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Legal Parcel. 28 18.2 Conditions to Subdivision........................ 28 18.3
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Legal Parcel. The Land is not currently composed of a legal parcel. ------------ Landlord, at its sole cost and expense, shall undertake to obtain from the City of El Segundo or such other municipal or regulatory authority as may be appropriate (collectively, the "City") a lot line adjustment, parcel merger, or other modification under the Subdivision Map Act (the "Act") in order to subdivide the Project such that the Land shall be one (1) or more legal parcels (the "Subdivision"). Tenant shall cooperate in Landlord's efforts to effect the Subdivision. Landlord acknowledges and agrees that Tenant shall have the right to participate in any meetings between Landlord and the City regarding the Subdivision, provided that the City does not refuse to allow Tenant to participate therein. Upon the completion of the Subdivision, the new legal description for the Land shall be attached to this Lease as Exhibit A. ---------
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Legal Parcel. If the Collateral requested to be released is REO Collateral, and is contiguous to other REO Collateral that will remain in the Borrowing Base Collateral, then the REO Collateral to be released must constitute a legally subdivided interest in real property, and the release of such REO Collateral will not impair ingress/egress to the remaining Borrowing Base Collateral or otherwise violate any requirements of any document of record covering the Borrowing Base Collateral or any applicable law regarding subdivisions, parcel maps, lots or parcels and/or the sale of real property.
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Legal Parcel. The land comprising the Subject Property is, or shall be at the Closing Date, a separate and distinct legal parcel created in accordance with all applicable laws, codes, ordinances and regulations. The representations and warranties contained in this Agreement shall be true and correct on the Effective Date of this Agreement and on the Closing Date and shall survive the closing. The obligation of the Buyer to close this transaction is expressly conditioned upon said representations and warranties being true and correct on the Closing Date. The Seller shall indemnify the Buyer against and hold the Buyer harmless from any damages or losses including, without limitation, reasonable attorney fees, sustained as a consequence of any of the foregoing representations or warranties not being true and correct as of the Effective Date of this Agreement or the Closing Date. The Seller acknowledges that each of the representations and warranties contained in this Section 10, and elsewhere in this Agreement, is material to the Buyer. EXCEPT AS SPECIFICALLY SET FORTH IN THIS AGREEMENT, THE SELLER DISCLAIMS ALL WARRANTIES OF ANY KIND OR NATURE WHATSOEVER (INCLUDING WARRANTIES OF HABITABILITY AND FITNESS FOR A PARTICULAR PURPOSE), WHETHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES WITH RESPECT TO THE PRESENCE ON OR BENEATH THE SUBJECT PROPERTY OF HAZARDOUS SUBSTANCES OR MATERIAL, OR THE SUITABILITY OF THE SUBJECT PROPERTY FOR THE BUYER'S INTENDED USE. THE BUYER FURTHER ACKNOWLEDGES THAT THE SELLER IS CONVEYING THE SUBJECT PROPERTY "AS IS" AND IN ITS PRESENT CONDITION AND THAT THE BUYER IS NOT RELYING UPON ANY REPRESENTATIONS OF ANY KIND OR NATURE MADE BY THE SELLER OR BY THE SELLER'S AGENTS WITH RESPECT TO THE SUBJECT PROPERTY, EXCEPT AS SPECIFICALLY SET FORTH IN THIS AGREEMENT. THE BUYER ACKNOWLEDGES THAT THE BUYER'S OPPORTUNITY FOR INSPECTION AND INVESTIGATION OF THE SUBJECT PROPERTY AS SET FORTH IN THIS AGREEMENT TOGETHER WITH THE SELLER'S REPRESENTATIONS AND WARRANTIES AS SPECIFICALLY SET FORTH IN THIS AGREEMENT ARE ADEQUATE TO ENABLE THE BUYER TO MAKE THE BUYER'S OWN DETERMINATION WITH RESPECT TO THE SUBJECT PROPERTY.
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Legal Parcel. The Parties acknowledge and agree that, pursuant to Government Code sections 66426.5 and 66428(a)(2), Optionor’s conveyance of the Property to Optionee is exempt from the provisions of the California Subdivision Map Act (Government Code section 66410 et seq.).
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Related to Legal Parcel

  • Land The real property described in Exhibit A attached hereto and made a part hereof (the “Land”);

  • Premises Parking and Common Areas 2.1 Letting Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms covenants and conditions set forth in this Lease. Unless otherwise provided herein, any statement of square footage set forth in this Lease, or that may have been used in calculating rental and/or Common Area Operating Expenses, is an approximation which Lessor and Lessee agree is reasonable and the rental and Lessee's Share (as defined in Paragraph 1.6(b)) based thereon is not subject to revision whether or not the actual square footage is more or less.

  • Roads 16. (1) The Joint Venturers shall —

  • Easements Lessor reserves to itself the right, from time to time, to grant such easements, rights and dedications that Lessor deems necessary or desirable, and to cause the recordation of Parcel Maps and restrictions, so long as such easements, rights, dedications, Maps and restrictions do not unreasonably interfere with the use of the Premises by Lessee. Lessee shall sign any of the aforementioned documents upon request of Lessor and failure to do so shall constitute a material breach of this Lease.

  • Building and Improvements Lessor shall obtain and keep in force during the term of this Lease a policy or policies in the name of Lessor, with loss payable to Lessor and to any Lender(s), insuring against loss or damage to the Premises. Such insurance shall be for full replacement cost, as the same shall exist from time to time, or the amount required by any Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Lessee-Owned Alterations and Utility Installations, Trade Fixtures and Lessee's personal property shall be insured by Lessee pursuant to Paragraph 8.4. If the coverage is available and commercially appropriate, Lessor's policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Building required to be demolished or removed by reason of the enforcement of any building, zoning, safety or land use laws as the result of a covered loss, but not including plate glass insurance. Said policy or policies shall also contain an agreed valuation provision in lieu of any co-insurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located.

  • Condominiums If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), or stock in a cooperative housing corporation, such condominium, cooperative or planned unit development project meets the eligibility requirements of Fxxxxx Mxx and Fxxxxxx Mac.

  • BUILDING PLANNING If Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with the planning program for the Building. Landlord will have the right, upon sixty (60) days prior written notice to Tenant, to move Tenant to other space in the Building of substantially similar size as the Premises, and with tenant improvements of substantially similar age, quality and layout as then existing in the Premises. Any such relocation will be at Landlord's cost and expense, including the cost of providing such substantially similar tenant improvements (but not any furniture or personal property) and Tenant's reasonable moving, telephone installation and stationary reprinting costs. If Landlord so relocates Tenant, the terms and conditions of this Lease will remain in full force and effect and apply to the new space, except that (a) a revised Exhibit "A-H" will become part of this Lease and will reflect the location of the new space, (b) Paragraph 1 of this Lease will be amended to include and state all correct data as to the new space, (c) the new space will thereafter be deemed to be the "Premises", and (d) all economic terms and conditions (e.g. rent, total Operating Expense Allowance, etc.) will be adjusted on a per square foot basis based on the total number of rentable square feet of area contained in the new space. Landlord and Tenant agree to cooperate fully with one another in order to minimize the inconvenience of Tenant resulting from any such relocation. However, if the new space does not meet with Tenant's reasonable approval, Tenant will have the right to cancel this Lease upon giving Landlord thirty (30) days notice within ten (10) days of receipt of Landlord's relocation notification; provided, however, Landlord has the right, by written notice to Tenant given within ten (10) days following receipt of Tenant's cancellation notice to rescind Landlord's relocation notice, in which event Landlord's relocation notice will be rescinded, Tenant's cancellation notice will be cancelled and this Lease will remain in full force and effect. If Tenant cancels this Lease pursuant to this Paragraph 27, Tenant agrees to xxxxxx xxx Xxxxxxxx and the Premises within thirty (30) days of its delivery to Landlord of the notice of cancellation.

  • Water Rights Water rights and/or water shares used in connection with the Property;

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Building With respect to each parcel of Real Estate, all of the buildings, structures and improvements now or hereafter located thereon. Business Day. Any day on which banking institutions located in the same city and State as the Agent’s Head Office are located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day.

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