Self Storage Development Restriction Clause Samples
Self Storage Development Restriction. PacTel has the right to amend ------------------------------------ the Pacific Commercentre CC&R to prohibit construction of a "self storage project" on some or all of the lots specified below ("Restricted Lots") and to ---------------- provide that such provision cannot be modified without the consent of ▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ("Benefitted Lot"). Such prohibition commenced on September 5, 1995 --------------- and shall terminate on the later of termination of the Pacific Commercentre CC&R or March 22, 2007. The term "self storage project" means a project having more than 10,000 gross square feet of individual storage rental units, partitioned for the exclusive use of one tenant, with separate secure access. The Restricted Lots are the following: Tract 13343, Lots 4-5, 12-19; ▇▇▇▇▇ ▇▇▇▇▇, Lots 1-6, 10; ▇▇▇▇▇ ▇▇▇▇▇, Lots 3-23, 27-29, 39-44; and ▇▇▇▇▇ ▇▇▇▇▇, Lots 1-2.
Self Storage Development Restriction. Seller shall have the right to amend the CC&R to prohibit construction of a "self storage project" on some or all of the lots specified below ("Restricted Lots") and to provide that such provision cannot be modified without the consent of Lot ▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ("▇enefitted Lot"). Such prohibition shall commence on September 5, 1995 and shall terminate on the later of termination of the CC&R or March 22, 2007. The term "self storage project" means a project having more than 10,000 gross square feet of individual storage rental units, partitioned for the exclusive use of one tenant, with separate secure access. The Restricted Lots are the following: Tract 13343, Lots 4-5, 12-19; Trac▇ ▇▇▇▇▇, ▇▇ts 1-6, 10; Trac▇ ▇▇▇▇▇, ▇▇ts 3-23, 27-29, 39-44; and Trac▇ ▇▇▇▇▇, ▇▇ts 1-2.