Common use of Separate Parcels Clause in Contracts

Separate Parcels. The parcel of land that constitutes the Property is a separately assessed and identified parcel for purposes of real estate taxation and land use laws (including, without limitation, subdivision and zoning laws), and receives a separate tax bill. Landlord agrees that (a) the Property shall at all times remain a separate and distinct parcel and at no time in the future shall the Property be included with any other parcels; and (b) that no other property surrounding the Property shall have any rights to use any portion of the Property for any purpose.

Appears in 3 contracts

Samples: Lease (TBS International PLC), Lease ( (TBS International LTD), Lease (TBS International LTD)

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Separate Parcels. The parcel of land that constitutes the Property is a separately assessed and identified parcel for purposes of real estate taxation and land use laws (including, without limitation, subdivision and zoning laws), and receives a separate tax bill. Landlord agrees that (a) the Property shall at all times remain a separate and distinct distxxxx parcel and at no time in the future shall the Property be included with any other parcels; and (b) that no other property surrounding the Property shall have any rights to use any portion of the Property for any purpose.

Appears in 1 contract

Samples: Lease ( (TBS International LTD)

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