Common use of Proper Subdivision Clause in Contracts

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