Common use of Parcel Owner Clause in Contracts

Parcel Owner. The term “Parcel Owner” shall mean the Person to whom a Developer Owner conveys fee simple title to a Parcel without a transfer of the rights as Developer Owner and each said Parcel Owner’s successors and assigns in fee simple title. Participant or Participants. The words “Participant” or “Participants” shall mean the Town, the Developer Owners, the Parcel Owners, if any, and the Representative. Party or Parties. The words “Party” or “Parties” shall mean the Town and the Developer Owners. For purposes of this definition, a Parcel Owner is not a Party.