PARCEL B Sample Clauses

PARCEL B. That part of the Southeast Quarter of ▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, Minnesota described as follows: Commencing at the East quarter corner of said Section 7; thence North 89 degrees 48 minutes 03 seconds West assumed bearing along the north line of said Southeast Quarter, a distance of 1151.12 feet; thence South 00 degrees 11 minutes 57 seconds West, perpendicular to said north line of the Southeast Quarter, a distance of 233.00 feet to the south line of the North 233.00 feet of said Southeast Quarter of said Section 7; thence North 89 degrees 48 minutes 03 seconds West along said south line of the North 233.00 feet, a distance of 441.33 feet to the point of beginning; thence North 20 degrees 29 minutes 12 seconds West, 51.30 feet; thence northwesterly 182.07 feet along a tangential curve concave to the northeast having a radius of 1060.00 feet and central angle of 9 degrees 50 minutes 29 seconds to said north line of the Southeast Quarter; thence North 89 degrees 48 minutes 03 seconds West along said north line of the Southeast Quarter, 81.35 feet; thence southeasterly 211.12 feet along a non-tangential curve concave to the northeast having a radius of 1140.00 feet, central angle of 10 degrees 36 minutes 38 seconds and chord bearing of South 15 degrees 10 minutes 53 seconds East; thence South 20 degrees 29 minutes 12 seconds East tangent to last described curve 21.09 feet to said south line of the North 233.00 feet of the Northeast Quarter; thence South 89 degrees 48 minutes 03 seconds East along said south line of the North 233.00 feet, a distance of 85.51 feet to the point of beginning. Said area contains ±18,624 square feet (±0.43 acres). Frenz Family II, LLC ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Re: Property Described on Exhibit A Dear ▇▇. ▇▇▇▇▇▇: Pursuant to our earlier exploratory conversations, this is to formally advise you that the City of Chaska, Minnesota is interested in acquiring the property. The City is prepared to pay $81,500.00 per acre. The City believes the proposed price reflects the fair market value for the property. Absent our agreement on the proposed price, the City is prepared to initiate eminent domain proceedings to acquire the property. Should formal condemnation proceedings prove necessary, please be advised the City shall proceed in accordance with the law of the State of Minnesota to acquire the property as soon as possible. Please let us know as soon as possible whether you find ...

PARCEL B. Together with rights in general common elements and limited common elements, as set forth in the above Master Deed and as described in Act 59 of the Public Acts of 1978, as amended. Land situated in the City of Utica, County of Macomb, State of Michigan, described as follows: Part of the Southeast 1/4 of Section 35, Town 3 North, Range 12 East, City of Utica, Macomb County, Michigan, being more particularly described as follows: Commencing at the East 1/4 corner of Section 35, Town 3 North, Range 12 East, thence South 89 degrees 44 minutes 23 seconds West 102.00 feet, thence South 00 degrees 04 minutes 26 seconds East 400.00 feet, thence South 89 degrees 44 minutes 23 seconds West 225.00 feet; thence North 00 degrees 15 minutes 37 seconds West 400.00 feet; thence North 89 degrees 44 minutes 23 seconds East 225.00 feet; thence South degrees 15 minutes 37 seconds East 400.00 feet to the point of beginning. A part of the South 1/2 of the Northeast 1/4 of Section 15, T4N, R1W, Meridian Township, Ingham County, Michigan, commencing at the East 1/4 corner of Section 15, thence along the East-West 1/4 line North 89 degrees 01 minutes 44 seconds West 1497.00 feet, thence North 00 degrees 58 minutes 16 seconds East 60.00 feet to the North right of way line of Tihart Street, also being the Southwest corner of Lot 1, Old English Estates as recorded in Liber 49 of Plats, Pages 36 and 37, Ingham County Records, thence along the North right of way line of Tihart Street North 89 degrees 01 minutes 44 seconds West 172.20 feet; thence Northwesterly 202.65 feet along the arc of a 763.94 foot radius curve to the right whose chord bears North 81 degrees 25 minutes 47 seconds West 202.05 feet; thence North 73 degrees 49 minutes 49 seconds West 76.50 feet to the East right of way line of Marsh Road; thence along said right of way line North 21 degrees 00 minutes 36 seconds East 305.71 feet; thence Northeasterly 279.09 feet along the arc of a 5977.57 foot radius curve to the right whose chord bears North 22 degrees 20 minutes 51 seconds East 279.06 feet; thence South 89 degrees 01 minutes 44 seconds Ease 402.95 feet; thence South 21 degrees 10 minutes 30 seconds West 722.78 feet; thence North 68 degrees 59 minutes 24 seconds West 382.99 feet to the point of beginning. A perpetual easement for sanitary sewer purposes across the following described property: Commencing at the Northeast corner of Lot 24 of Old English Estates No. 2, as recorded in Liber 51 of Plats, Page 3, Ingham ...

PARCEL B. It is anticipated that Guarantor shall acquire Parcel B from P▇▇▇▇▇ Homes. Concurrently with the acquisition of Parcel B, Borrower shall satisfy the following provisions: (a) Borrower shall pay Lender all out-of-pocket costs and expenses incurred by Lender in connection with the acquisition transaction, including, without limitation, the cost of any title insurance policies and(or) title insurance endorsements required by Lender; (b) Guarantor shall execute and(or) deliver such documents and agreements as Lender shall reasonably require in connection with the acquisition transaction and the right of Lender to have a first lien security interest in Parcel B and all interests appurtenant thereto, including applicable personal property, including, without limitation, the Deed of Trust (Guarantor), Assignment of Leases (Guarantor), and UCC-1 Financing Statement in the form of Exhibit “M” attached hereto and incorporated herein by this reference, all in form and substance satisfactory to Lender in Lender’s sole discretion; (c) to the extent there are any leases and(or) subleases in favor of Borrower, Guarantor and(or) their affiliates with respect to Parcel B, said leases and(or) subleases shall be subordinated to the Parcel B Deed of Trust and Lender, in its sole discretion, shall be entitled to take a security interest in said leases and(or) subleases, and require the delivery of estoppel certificates from the Borrower and its affiliates, as applicable; (d) Borrower shall pay Lender all attorneys’ fees and costs incurred by Lender in connection with the foregoing transaction; (e) Title Insurer shall issue to Lender such title insurance coverage as Lender shall require in its sole discretion, and only with such exceptions for Permitted Encumbrances, and such other exceptions as may be approved by Lender, in its sole discretion, insuring the first lien priority of the Deed of Trust (Guarantor) and of the Assignment of Lease (Guarantor). In the event the lot line adjustment described in Paragraph 13.1 shall have occurred prior to or concurrently with Guarantor’s acquisition of Parcel B as described above, then this Paragraph shall be of no further force or effect.

PARCEL B. That part of the Southeast Quarter of Section 7, Township 115, Range 23, Carver County, Minnesota described as follows:

PARCEL B. Together with the benefits, if any of the easements, conditions, restrictions and covenants related to facilities for water, sewer, storm water drainage, electric and gas, as shown on the recorded Sub-Division of Cranberry Square Associates, L.P., recorded in Plan Book Volume 189, pages 45 and 46, and in the Warrendale Industrial Park Plan No. 7, recorded in Plan Book Volume 172, page 44 which is (inter alia) a resubdivision of Lot 4-C1 in Plan Book Volume 152, page 44 (Plan No. 6) in Plan Book Volume 120; page 2, and as shown on “As Built” Surveys prepared for Cranberry Square Associates recorded at Plan Book Volume 197, page 27, as Drawings As-Built 1001, As-Built 1002 and As-Built 1003. ALL that certain piece, parcel or tract of land located, lying and being in the City and County of Greenville, State of South Carolina, containing 9.888 acres, more or less, as shown on plan entitled, “Survey for Toys R Us”, prepared by the Piedmont Group, dated April 25, 1985, revised May 6, 1985, and recorded in the Register of Deeds Office for Greenville County, June 11, 1985, in Plat Book 1-P at Page 31, reference being made to said plat to the exact metes and bounds thereof. LESS HOWEVER: All that certain piece, parcel or tract of land located in the County of Greenville, State of South Carolina, containing 5.612 acres located at the intersection of Airport Road and ▇▇▇▇▇ Crossing Road as shown on plat of survey for Crosspointe Limited Partnership, dated March 6, 1990, prepared by ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, R.L.S. #2212, recorded in RMC Office for Greenville County, South Carolina in Plat Book 18-L at Pages 27 & 28, reference being made hereto said plat to the exact metes and bounds thereof. Together with the benefits, if any, of the Ten ($10.00) Easement from ▇▇▇▇▇▇ International Corporation recorded in Deed Book 1241 at Page 454 on June 10, 1985, in aforesaid records. Together with the benefits, if any, of any of the Easement, Operation and Maintenance Agreement recorded on August 7, 1985, in Deed Book 1246 at Page 44, and amended on November 5, 1997 in Deed Book 1725 at Page 498. Together with the benefits of Reciprocal Easement and Operation Agreement to Crosspointe Plaza Limited Partnership recorded on March 28, 1990 in Deed Book 1393 at Page 772 and first amended on June 24, 1992 in Deed Book 1478 at Page 674. All that certain piece, parcel or tract of land, and any improvements thereon, located near Irmo, in the County of Lexington, State of South Carolina, designated ...

PARCEL B. A non-exclusive easement for construction and maintenance on the terms and conditions therein, as granted to One Embarcadero Center West, a California Limited Partnership by an instrument recorded April 2, 1986, Series No. D785482, Book E57, Official Records, Page 1546, and amended by document recorded February 25, 1988, Book E537, Official Records, Page 1155, Series No. E134700, over the land described as follows: Beginning on the southerly line of Clay Street, as Clay Street now exists, at a point distant thereon 109.50 feet easterly from the easterly line of Sansome Street; thence easterly along said line of Clay Street 2.00 feet; thence at a right angle southerly 94.50 feet to the northerly line of Commercial Street; thence at a right angle westerly along said line of Commercial Street 2.00 feet; thence at a right angle northerly 94.50 feet to the point of beginning. Being a portion of ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇. ▇▇ Beginning on the southerly line of Clay Street, as Clay Street now exists, at a point distant thereon 163.50 feet westerly from the westerly line of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇; thence westerly along said line of Clay Street 0.198 feet to a point distant thereon 111.50 feet easterly from the easterly line of Sansome Street; thence southerly at a right angle to said line of Clay Street 94.50 feet to the northerly line of Commercial Street; thence at a right angle easterly along said line of Commercial Street 0.198 feet to a point distant thereon 163.50 feet westerly from the westerly line of Battery Street, thence northerly at a right angle to said line of Commercial Street 94.50 feet to the point of beginning.

PARCEL B. A non-exclusive easement for vehicular and pedestrian ingress, egress and circulation purposes over, along and across that portion of Parcel 4 of Parcel Map No. 15957, in the City of San Diego, County of San Diego, State of California, filed in the Office of the County Recorder of San Diego County, on January 17, 1990 as File No. 90-028024 of Official Records, delineated and designated thereon as “Water and Sewer Easement Granted Hereon”, and that portion of Parcel 3 of said Parcel Map No. 15957 delineated and designated thereon as “Water and Drainage Easement Granted Hereon”.

PARCEL B. City agrees to lease to Lessee a part of the Airport identified as Parcel B on Exhibit A, which is attached and incorporated herein by this reference. Parcel B has an area of approximately 6,400 square feet. The lessee will use Parcel B for construction of Phase One.

PARCEL B. (1) At the Close of Escrow of Parcel A, Buyer shall deliver Fifty Thousand Dollars ($50,000.00) directly to Seller ("Option Payment") outside of Escrow for an option to purchase Parcel B for One Million Five Hundred Fifty Thousand Dollars ($1,550,000.00). Said payment becomes the immediate property of Seller whether or not Buyer exercises the option. Buyer shall have up to and including December 31, 1998, to notify Seller in writing of Buyer's intent to exercise the option ("Notice to Exercise Option"). The Close of Escrow on Parcel B, by and through a separate escrow from Parcel A, shall occur within sixty (60) days after the date of the Notice to Exercise Option, however, said closing cannot occur later than March 1, 1999. At the Close of Escrow the remainder of the purchase price of One Million Five Hundred Thousand Dollars ($1,500,000.00) shall be deposited in escrow with Buyer having been given credit for the Fifty Thousand Dollar ($50,000.00) Option Payment. (2) Buyer may extend the period in which to exercise its option until June 30, 1999 by paying an additional Seventy-five Thousand Dollars ($75,000.00) directly to Seller outside of escrow prior to December 31, 1998. Said payment shall become the immediate property of Seller whether or not the Buyer exercises the option. If Buyer extends the option period, Buyer shall have until June 30, 1999 to close the escrow with Buyer. Buyer shall deposit the remaining balance due and owing on the purchase price with credit given to Buyer for any option payments previously made on Parcel B, however, if the Close of Escrow does not occur on or before June 30, 1999, this Agreement shall terminate as to Parcel B and Seller may retain all Option Payments in its possession.