Lot Split Sample Clauses

Lot Split. Planning Commission approved the lot split plan for the T3 site at its June 15, 2016 meeting. Promptly following approval of the Survey by Avon, Avon shall, at its sole cost and expense, (i) submit the Survey to the Lorain County authorities necessary to effect a subdivision or lot split of the Parcel from the Property, and (ii) submit the meets and bounds narrative description of the Parcel Survey to the Lorain County Engineer for approval as the description for use in conveying the Parcel to T3. Subdivision and meets and bounds approval shall be completed by Xxxx as promptly as reasonably possible.
Sample 1
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Lot Split. Seller has, at its sole cost, prior to execution hereof, obtained lot split approval to subdivide that portion of the Properties which is part of a larger tax parcel. In connection therewith, Buyer and Seller acknowledge that Seller is required to separate the domestic water service for the Properties from the domestic water service benefitting any other property. Seller shall commence, at its sole cost, upon full execution hereof, and thereafter prosecute with due diligence, to separate the domestic water service (and to the extent required by any governmental authority for the subdivision of the Properties from Seller’s remaining property, any other utility) for the Properties from the domestic water service benefitting any other property (as depicted in Exhibit A) (the “Utility Separation Work”). Any Utility Separation Work on the Properties and any change from the configuration shown on Exhibit “A” required in order to obtain such lot splits shall be subject to Buyer’s written consent, which consent shall not be unreasonably withheld. All Utility Separation Work which has not been performed prior to Closing shall be performed by Seller after Closing and one hundred percent (100%) of the cost to complete such Utility Separation Work shall be escrowed at Closing. Seller shall exercise good faith efforts and shall work diligently to complete the Utility Separation Work within sixty (60) days after Closing. Upon obtaining the lot split approval, Seller shall, at its sole cost, transfer fee title to the Properties into a newly formed, Ohio limited liability company special purpose entity (“SPE”) under the name “810 AC LLC”. In the event Seller elects an exemption from transfer taxes in connection with the transfer of the Properties to the SPE and a later third party claim is filed alleging that the transfer of the Properties to the SPE was not exempt, Seller shall indemnify Buyer and the SPE from such claim, including any transfer taxes assessed on the transfer to the SPE. Seller shall, at its cost, defend Buyer and Seller from such claim by legal counsel reasonably approved by Buyer. The documents for the creation of such entity shall be drafted by Seller and approved by Buyer prior to creation. The SPE shall be wholly controlled by Seller until Closing and the SPE shall be able to make the representations contained in Section 8(e) below. Seller shall be responsible for any and all transfer costs or expenses in connection with the transfer of the membershi...
Sample 1
Lot Split. Owner shall, at its expense, secure any lot splits necessary for the Premises in the event that Purchaser elects to Purchase less than all of the available 49.1
Sample 1
Lot Split. Landlord reserves the right to record a subdivision of the single legal parcel currently containing the Building and the building located at 5000 Xxxxxxx Xxxxxx Xxxxxxxxx into two (2) legal parcels (“Lot Split”) in the Official Records of San Diego County; provided, however, that any documentation of the Lot Split is subject to the review and reasonable approval by Tenant to ensure that Tenant’s vehicular and pedestrian access rights to the 5880 Building over the applicable areas of the 5870 Parcel are preserved for the benefit of Tenant. Following the Lot Split, one new parcel would consist of the portion of the original parcel located at 5000 Xxxxxxx Xxxxxx Xxxxxxxxx (“5880 Parcel”), including the Building, and the other new parcel will consist of the portion of the original parcel located at 5000 Xxxxxxx Xxxxxx Xxxxxxxxx (“5870 Parcel”), including the building thereon. If Landlord proceeds with the Lot Split, Tenant’s obligations under Section 3.3 will continue with respect to the 5880 Parcel, and all references to the “5880 Facilities” shall mean all facilities included within the definition thereof that are located on the 5880 Parcel.
Sample 1

Related to Lot Split

  • Combination & Split Up The Registrar shall register the split-up or combination of ADRs (and of the ADSs represented thereby) on the books maintained for such purpose and the Depositary shall (x) cancel such ADRs and execute new ADRs for the number of ADSs requested, but in the aggregate not exceeding the number of ADSs evidenced by the ADRs canceled by the Depositary, (y) cause the Registrar to countersign such new ADRs and (z) Deliver such new ADRs to or upon the order of the Holder thereof, if each of the following conditions has been satisfied: (i) the ADRs have been duly Delivered by the Holder (or by a duly authorized attorney of the Holder) to the Depositary at its Principal Office for the purpose of effecting a split-up or combination thereof, and (ii) all applicable fees and charges of, and expenses incurred by, the Depositary and all applicable taxes and governmental charges (as are set forth in Section 5.9 and Exhibit B hereto) have been paid, subject, however, in each case, to the terms and conditions of the applicable ADRs, of the Deposit Agreement and of applicable law, in each case as in effect at the time thereof.

  • Combination and Split Up The Depositary, subject to the terms and conditions of this Deposit Agreement shall, upon surrender of a Receipt or Receipts for the purpose of effecting a split-up or combination of such Receipt or Receipts and upon payment to the Depositary of the applicable fees and charges set forth in Section 5.9 hereof and Article (9) of the Receipt, execute and Deliver a new Receipt or Receipts for any authorized number of American Depositary Shares requested, evidencing the same aggregate number of American Depositary Shares as the Receipt or Receipts surrendered.

  • Reverse Split The Company has taken all necessary corporate action to effectuate a reverse split of its issued and outstanding Common Stock and preferred stock on the basis of one (1) such share for each 2.67 shares of issued and outstanding Common Stock and Preferred Stock, as applicable (the “Reverse Split”), and such Reverse Split became effective on June 22, 2020.

  • Recapitalizations, etc The provisions of this Agreement shall apply, to the full extent set forth herein with respect to the Stock or the Options, to any and all shares of capital stock of the Company or any capital stock, partnership units or any other security evidencing ownership interests in any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in exchange for, or substitution of the Stock or the Options by reason of any stock dividend, split, reverse split, combination, recapitalization, liquidation, reclassification, merger, consolidation or otherwise.

  • Stock Split All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization affecting the Capital Stock occurring after the date of this Agreement.

  • Recapitalization Any new, substituted or additional securities or other property (including cash paid other than as a regular cash dividend) which is by reason of any Recapitalization distributed with respect to the Purchased Shares shall be immediately subject to the Repurchase Right and any escrow requirements hereunder, but only to the extent the Purchased Shares are at the time covered by such right or escrow requirements. Appropriate adjustments to reflect such distribution shall be made to the number and/or class of Purchased Shares subject to this Agreement and to the price per share to be paid upon the exercise of the Repurchase Right in order to reflect the effect of any such Recapitalization upon the Corporation's capital structure; provided, however, that the aggregate purchase price shall remain the same.

  • Stock Splits and Reverse Splits In the event that the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Shares purchasable pursuant to this Warrant immediately prior to such subdivision shall be proportionately increased, and conversely, in the event that the outstanding shares of Common stock shall at any time be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such combination shall be proportionately reduced. Except as provided in this Section 3.4, no adjustment in the Exercise Price and no change in the number of Warrant Shares purchasable shall be made under this Article III as a result of or by reason of any such subdivision or combination.

  • Reverse Splits The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.

  • Mergers, Recapitalizations, Stock Splits, Etc Pursuant and subject to Section 12 of the Plan, certain changes in the number or character of the Common Stock of the Company (through sale, merger, consolidation, exchange, reorganization, divestiture (including a spin-off), liquidation, recapitalization, stock split, stock dividend or otherwise) shall result in an adjustment, reduction or enlargement, as appropriate, in Participant’s rights with respect to any unexercised portion of the Option (i.e., Participant shall have such “anti-dilution” rights under the Option with respect to such events, but shall not have “preemptive” rights).

  • Corporate Reorganization In the event that the Company changes ownership, merges with another company or in any way changes its corporate identity, this Agreement will remain in full force and effect and the Union recognition now in effect and/or the certificate issued by the Canada Labour Relations Board then in existence shall not be affected in any way except as otherwise governed or directed by the Board. The Company further agrees to enter into negotiations with the Union relative to protection of employees' seniority and other conditions of this Agreement. Failing settlement, the provisions of the Canada Labour Code will apply.

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