Proper Subdivision Sample Clauses

Proper Subdivision. Each of the Phase II Land, the Golf Course Land, the Water Utility Land and the Casino Land has been properly subdivided or entitled to exception therefrom, and constitutes a separate legal lot or parcel.

Proper Subdivision. The Site has been subdivided or entitled to exception therefrom, and for all purposes the Site may be mortgaged, conveyed and otherwise dealt with as separate legal lots or parcels.

Proper Subdivision. With respect to each Project, at such time as Borrower obtains any title or leasehold interests therein, the Site for such Project has been properly subdivided or entitled to exception therefrom, and for all purposes such Site may be mortgaged, conveyed and otherwise dealt with as separate legal lots or parcels.

Proper Subdivision. None of the Mortgaged Property needs to be subdivided from larger tracts of land in order to be made subject to a Lien, and the Mortgaged Property may be mortgaged, conveyed, made subject to a Lien and otherwise dealt with as separate legal lots or parcels subject to the extent and limitations of the applicable Obligor’s rights, title and interest therein and thereto.

Proper Subdivision. The MEC Site has been subdivided or entitled to exception therefrom. For all purposes, the MEC Site may be mortgaged, conveyed and otherwise dealt with as separate legal lot or parcel. FEC's leasehold interest in the FEC Site may be mortgaged and conveyed.

Proper Subdivision. The Site has been properly subdivided or entitled to exception therefrom, and for all purposes the Site may be mortgaged, conveyed and otherwise dealt with as separate legal lot or parcel. The parties acknowledge, however, that this Agreement contemplates the creation of a separate legal parcel for the Mall Space and the Phase II Land.

Proper Subdivision. Site 1, Site 2 and the Park Site are one legal parcel properly subdivided or entitled to exception therefrom, and for all purposes such Sites may be mortgaged, conveyed and otherwise dealt with as a separate legal lot or parcel (provided that the Land Concession Contract applicable to each of the Venetian Macao Overall Project and the Four Seasons Overall Project may be provisionally registered with the Macau Land and Building Registration Department as required by applicable law until 180 days after each such Project shall have achieved Completion). Each other Site for an Active Project (or, in the case of a Casino Operation Project that is an Active Project, the “air parcel” and “horizontal property” comprising such Casino Operation Project) (other than the Cotai Strip Infrastructure Project) has been properly subdivided or entitled to exception therefrom, and for all purposes each such Site, “air parcel” and “horizontal property” may be mortgaged, conveyed and otherwise dealt with as separate legal lot or parcel (provided that the Land Concession Contract applicable to such Project may be provisionally registered with the Macau Land and Building Registration Department as required by applicable law until 180 days after the Completion Date of the applicable Project (or in the case of Four Seasons Overall Project and the Venetian Macao Overall Project, 180 days after the date each such Project shall have achieved Completion) (in each case as extended under the proviso to Section 5.19)).

Proper Subdivision. 37 4.32 Flood Zone Disclosure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

Proper Subdivision. 58 4.32 Flood Zone Disclosure...............................................................58 4.33 Year 2000 Compliance................................................................58 4.34