Common use of Subdivision Approval Clause in Contracts

Subdivision Approval. Seller shall have (i) obtained the -------------------- subdivision consents and approvals and made all related filings contemplated by the first sentence of Section 5.9(b), or (ii) obtained the written waivers or exemptions and other assurances contemplated by the second sentence of Section 5.9(b), or (iii) if Seller shall have been unable to comply with the foregoing clause (i) or (ii), Seller shall have entered into and delivered to Buyer the Triple Net Lease and Seller Mortgage and any modification to this Agreement, required by Section 5.9(b), such Triple Net Lease, Seller Mortgage and modification to this Agreement to be in form and substance reasonably satisfactory to Buyer.

Subdivision Approval. Seller shall have (i) obtained the -------------------- subdivision consents and approvals and made all related filings contemplated by the first sentence of Section 5.9(b), or (ii) obtained the written waivers or exemptions and other assurances contemplated by the second sentence of Section 5.9(b), or (iii) if Seller shall have been unable to comply with the foregoing clause (i) or (ii), Seller shall have entered into and delivered to Buyer the Triple Net Lease and Seller Mortgage and any modification to this Agreement, required by Section 5.9(b), such Triple Net Lease, Seller Mortgage and modification to this Agreement to be in form and substance reasonably satisfactory to Buyer.