Minimum Lot Size Clause Samples
The Minimum Lot Size clause sets a lower limit on the amount of goods or property that can be bought, sold, or developed in a single transaction. For example, in real estate, it may require that any parcel of land sold or developed must be at least a certain number of acres, while in commodities trading, it could specify the smallest permissible order size. This clause ensures transactions are economically viable, prevents fragmentation of assets, and maintains market or community standards.
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Minimum Lot Size. Notwithstanding Section 2.2, to the extent the amount of any Refined Copper that the Seller is required to deliver pursuant to Section 2.3(1) (the "Sub-Minimum Amount") is less than the minimum lot size for a single LME Warrant for Refined Copper (the "Minimum Lot Size") then:
(a) to the extent that the Sub-Minimum Amount is less than 50% of the Minimum Lot Size, the requirement of Seller to deliver the Sub-Minimum Amount shall be postponed until such time as Seller's accrued delivery requirements hereunder in respect of Refined Copper are of sufficient quantity to allow Seller to satisfy the Minimum Lot Size; and
(b) to the extent that the Sub-Minimum Amount is equal to or greater than 50% of the Minimum Lot Size, Seller shall deliver, together with the Sub-Minimum Amount, an additional amount of Refined Copper (the "Top-Up Amount") equal to the difference between the Minimum Lot Size and the Sub-Minimum Amount, and Seller shall be entitled to set off and deduct, pursuant to Section 10.5, an amount of Refined Copper equal to the Top-Up Amount so delivered from the next required deliveries of Refined Copper by Seller to Purchaser under this Agreement. Upon the termination of this Agreement, any outstanding deliveries of Refined Copper that have been postponed pursuant to Section 2.7 shall become immediately due for delivery and any Top-Up Amount that has been delivered but not set off pursuant to Section 2.7(b) shall become immediately payable to Seller (calculated using the Copper Market Price as of the Date of Delivery of the Top-Up Amount to Purchaser) or set off against any amounts owing to Purchaser upon termination.
Minimum Lot Size. There shall be no minimum lot size requirement on Educational Facility sites.
Minimum Lot Size. The minimum lot size shall be 6,025 (50’ x 120.5’) square feet.
Minimum Lot Size. A decrease of the minimum lot size is allowed when such decrease is no more than a ten (10) percent change to the originally approved minimum lot size. (i.e., a ten (10) percent decrease of a ten thousand (10,000) square foot lot is one thousand (1,000) square feet resulting in a new minimum lot size of nine thousand (9,000) square feet). Reductions in minimum lot size may not result in an increase in the overall density approved as part of the final PUD.
Minimum Lot Size. The minimum lot size of any lot within the Smuggler Mobile Home Park shall be twenty-four hundred (2400) square feet.
Minimum Lot Size. No residence shall be erected or placed on a Lot having a width of less than 65 feet at the minimum building setback line, nor shall any residence be erected or placed on any Lot having an area less than 8,000 square feet.
Minimum Lot Size. No Lot shall be subdivided into a smaller lot with the exception of Lots 1, 20 and 21.
Minimum Lot Size. “Minimum Batch Size” is replaced throughout the Agreement with “Minimum Lot Size”. For as long as the pricing set forth in Section 2 of this 17th Amendment is effective, the Minimum Lot Size is 6 wafers. Any Process Lot that is smaller will be charged as if 6 wafers are in the Process Lot, excluding Engineering Activities and as otherwise set forth in SkyWater SOP.
Minimum Lot Size. As indicated on project plans – 79,715 square feet or 1.83-acres.