Sale of Lots. Master Developer’s selling or conveying lots in any approved Subdivision or Parcels to builders, users, or Subdevelopers, shall not be deemed to be an “assignment” subject to the above-referenced approval by the City unless specifically designated as such an assignment by Master Developer.
Sale of Lots. Developer’s selling or conveying lots to residential purchasers shall not be deemed to be an “assignment” subject to the above-referenced approval by the Eagle Mountain unless specifically designated as such an assignment by Developer and approved by Eagle Mountain.
Sale of Lots. Borrower and the Subsidiary Guarantors shall:
Sale of Lots. Lender and Borrower agree and acknowledge that it is the intention of Borrower and Property Owner to cause the Fairway Village Property to be subdivided into residential lots for sale to third-party builders, and for all other Property which may be subdivided into saleable lots and developed with supporting infrastructure, for sale to third-party builders, (each such lot is herein a "Lot" and all such lots are herein collectively the "Lots") . Accordingly, Lender agrees that in order to enable the Borrower and Property Owner to convey the Lots free of the encumbrance of the Deed of Trust, Lender shall direct the Trustee to grant partial releases of the lien thereof on the terms and conditions set forth in this Section 7 (such release is herein a "Partial Release").
Sale of Lots a. Sell xxxxxx as requested
Sale of Lots. It is contemplated that the Company will sell the real property lots resulting from the subdivision of the LDS Property (the “Lots”) as provided in Article 5 as soon as reasonably practical after the later of the completion of the Preliminary Plat Stage or the acquisition of the LDS Property by the Company, unless WLH exercises its right to cause the Company to retain one or more Lots as provided in Section 5.7.
Sale of Lots. The City agrees to sell a minimum of five and up to seven lots to the Nonprofit for the construction of low to moderate income housing for qualified buyers, prior to the commencement of house construction on an individual lot. The base price of each lot shall be $20,000, payable at the time of transfer of the lot to the Nonprofit, with a secondary payment due from the Nonprofit at the time of house being transferred to the final owner. This provides financial flexibility for the Nonprofit, while maximizing return for the City. This secondary payment shall be 5% of the final sales price of the house, up to a maximum of $8,000 per lot, and shall come from any proceeds that are available from the profit of the sale of the home available at closing. No lot shall exceed $28,000 total.
Sale of Lots. The price and other terms and conditions for all contracts for the sale of lots shall be subject to the prior approval of the General Partner in its sole discretion, with the exception of the current offering from Xxxxxxx Custom Builders for eleven (11) designated lots (i.e., lots 2, 3, 4, and 11 through 18) at an aggregate price of $4,402,000. Without limiting the foregoing, the Partnership shall not be obligated to pay any commissions on lot sales without the prior approval of the General Partner in each instance. No Partner or its Affiliates shall be entitled to any commissions for lot sales.
Sale of Lots. Developer or its successors in title shall not sell, convey or transfer any land abutting upon a street or portion thereof dedicated by such CSM until the following have occurred: (1) this Agreement is executed and recorded; (2) the CSM is recorded; (3) the Maintenance and Easement Agreement in a form approved by the Village is recorded; (4) all Security has been deposited with the Village (by such time as is herein provided); and (5) all Public Roads, except asphalting, have been constructed in accordance with the terms of the Village’s CSM ordinance, the Village standards for construction of streets and highways, other applicable Village ordinances, and this Agreement.
Sale of Lots. No lots within Lake Springs Ranch PUD, Filing 2, may be separately advertised, contracted, reserved, leased, conveyed, sold or otherwise transferred by the Owner prior to recording of a Final Plat for Lake Springs Ranch PUD, Filing 2, in the records for the Garfield County Clerk & Recorder and prior to completion and acceptance by the County of all subdivision Improvements as described herein.
