PARCELIZATION Sample Clauses

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PARCELIZATION. The Owner reserves the right to create new legal parcels under the Parcel Map Act or similar statutes and to them own or sell the newly created parcel or parcels. This right shall apply to those portions excluded from the premises under paragraph 2 as well as other non-arable land otherwise included as part of the Premises. Such land may include native pasture or other sites suitable for the construction of a residence. Owner shall give written notice to the Tenant of an intention to create a new legal parcel and to remove said parcel from the terms of this Lease. Tenant’s written consent shall be required only as those sites not otherwise excluded as a part of the Premises. Tenant shall not be unreasonably withheld or delayed. All costs of creating the new legal parcel shall be the Owner’s. Tenant shall cooperate with Owner and shall execute such documents as are necessary for this purpose.
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PARCELIZATION. Developer may divide the Property into separate legal lots so long as those lots are created utilizing the land division processes or exemptions thereto contained in applicable law and are not inconsistent with the Master Plan and this Restated DA. Any new parcel or lot thereby created shall be bound by the terms and conditions of the adopted Master Plan and this Restated DA.
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PARCELIZATION. At such time as there shall be two (2) or more entities leasing, using or occupying different Parcels (whether as a consequence of a partial termination of this Lease, or a Transfer of one or more Parcels), or in the case of a Financing Transaction affecting one (1) or more but less than all of the Parcels comprising the Premises, the Parties shall restate this Lease into separate, independent leases for each of the Parcels (to the extent necessary given the nature and/or extent of the partial termination or Transfer in question), and the following provisions shall apply: (a) The Base Rent and applicable items of Additional Rent shall be allocated among each Parcel based upon the fair market value of such Parcel as compared to the fair market value of the entire Premises. Such restated leases shall not be cross-defaulted; except that two (2) or more such restated leases shall be cross - defaulted to the extent the tenant under any such restated leases is the same entity or the tenants under any such restated leases are affiliated with each other, except in the case that any such restated lease is subject to a Financing Transaction (in which case a default under any other restated lease shall not be a default under the restated lease which is subject to a Financing Transaction). (b) Tenant shall create and implement a governance structure among the various Parcels comprising the Premises to address, among other things, the maintenance, repair, replacement and operation of the common areas and infrastructure within the Premises (whether pursuant to a reciprocal easement agreement, declaration of covenants, conditions and SAA2-402923 restrictions, or otherwise) and the allocation of the costs thereof, which governance structure shall be subject to Landlord's approval, which shall not be unreasonably withheld, conditioned or delayed. (c) The Parties and Guarantor shall execute, acknowledge and deliver such documents as may be reasonably required to effect the purposes of this section 6.10. (d) The fair market value of the Parcels and the Premises shall be determined in accordance with the provisions set below. For a period of forty-five (45) days following the date Landlord or Tenant has notified the other that it is necessary to determine the fair market value of the Parcels and the Premises, the parties shall meet and confer (by telephone, electronically, in person or otherwise) as frequently as is reasonably necessary in a good faith effort to agree on the ...
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PARCELIZATION. (a) This Agreement addresses the development and use of the Property and the Swap Parcel. The Developer agrees and acknowledges that this Agreement and the Dealership Operating Covenant govern the use and development of the Dealership Development Parcel. The Developer agrees and acknowledges that this Agreement and the Adjacent Parcel Restrictive Covenant govern the use and development of the Adjacent Parcel.
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Related to PARCELIZATION

  • Scaling “Scaling,” as used herein, involves:

  • Lots 5.1. The 1 (one) standard lot size is the measurement unit specified for each CFD. The Company may offer standard lots, micro-lots and mini-lots, in its discretion, as defined from time to time in the Contract Specifications or the Company’s Website.

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • 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.

  • Structures Airport facilities such as bridges; culverts; catch basins, inlets, retaining walls, cribbing; storm and sanitary sewer lines; water lines; underdrains; electrical ducts, manholes, handholes, lighting fixtures and bases; transformers; flexible and rigid pavements; navigational aids; buildings; vaults; and, other manmade features of the airport that may be encountered in the work and not otherwise classified herein. 10-50 SUBGRADE. The soil which forms the pavement foundation.