Subdivision Map Clause Samples

The Subdivision Map clause defines the requirements and procedures for creating, submitting, and recording a map that divides a larger parcel of land into smaller lots or units. Typically, this clause outlines the necessary approvals from local authorities, the standards the map must meet, and the process for making the subdivision legally effective. For example, it may specify that the map must be reviewed by a city planning department and recorded with the county recorder before any lots can be sold. The core function of this clause is to ensure that land subdivisions are properly documented and legally recognized, thereby preventing disputes over property boundaries and ensuring compliance with local land use regulations.
Subdivision Map. As a condition precedent to the conveyance of any Phase of the Property a Final Map for the applicable Phase to be conveyed must be recorded. MidPen and the City will coordinate the applications for any Tentative Map and Final Map with the developer of the adjacent property as part of the installation of the Backbone Infrastructure. MidPen agrees to cooperate with the adjacent property developers to expeditiously complete the mapping process.
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Subdivision Map. Developer shall submit any parcel map or tentative subdivision map to the City required for the proposed Project. The Parties acknowledge that the submission and processing of the parcel map or tentative map may occur after the Negotiation Period, in accordance with the Schedule of Performance to be developed pursuant to Section 2.2.
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Subdivision Map. The Owner shall, to Lakeshore’s satisfaction, post, on all road frontages, a subdivision map that is colored and drawn to show the lotting pattern of the Plan, proposed land uses and adjacent land uses, external and internal roadways, pedestrian walkways and sidewalks, and all prominent natural features. The said subdivision map shall include a legend and an arrow indicating the north direction.
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Subdivision Map. The Subdivision Map subdividing the Site into the Property and the Affordable Housing Parcel has been approved by the City and has been recorded or is ready to be recorded concurrently with the Close of Escrow.
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Subdivision Map. The Developers shall have recorded a final subdivision map for the Phase 2 Development Site that is consistent with the tentative subdivision map.
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Subdivision Map. “Subdivision Map” (or “B Map”) means the subsidiary subdivision maps for the Development of any Planning Area or portion thereof which shall be consistent with the conditions of the Master Tract Map and shall contain its own phasing plan for the installation of the infrastructure and other improvements within the subdivision. All Subdivision Maps shall meet the applicable requirements of the Subdivision Map Act.
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Related to Subdivision Map

  • Subdivision Landlord reserves the right to further subdivide all or a portion of the Project. Tenant agrees to execute and deliver, upon demand by Landlord and in the form requested by Landlord, any additional documents needed to conform this Lease to the circumstances resulting from such subdivision.

  • Subdivision and Combination In case the Company shall at any time subdivide or combine the outstanding shares of Common Stock, the Exercise Price shall forthwith be proportionately decreased in the case of subdivision or increased in the case of combination.

  • Subdivisions If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number of issued and outstanding Ordinary Shares is increased by a share dividend payable in Ordinary Shares, issuance of Ordinary Shares by way of capitalization of reserves from a share premium account or capital redemption reserve or by a sub-division of Ordinary Shares or other similar event, then, on the effective date of such share dividend, capitalization, sub-division or other similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding Ordinary Shares. A rights offering to holders of the Ordinary Shares entitling holders to purchase Ordinary Shares at a price less than the “Fair Market Value” shall be deemed a share dividend of a number of Ordinary Shares equal to the product of (i) the number of Ordinary Shares actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for Ordinary Shares) multiplied by (ii) one (1) minus the quotient of (x) the price per Ordinary Share paid in such rights offering divided by (y) the Fair Market Value. For purposes of this Section 4.1.1, if the rights offering is for securities convertible into or exercisable for Ordinary Shares, in determining the price payable for such Ordinary Shares, there shall be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion. “Fair Market Value,” means the 10-Day Average Closing Price as of the first (1st) date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. Notwithstanding anything to the contrary herein, no Ordinary Shares shall be issued at less than their par value.

  • Local Subdivision Contribution The Recipient shall, at a minimum, contribute to the Project (the "Local Subdivision Contribution") the Local Subdivision Participation Percentage as set forth in Appendix D of this Agreement. The Local Subdivision Contribution to the Project shall be for the sole and express purpose of paying or reimbursing the costs certified to the OPWC under this Agreement for the completion of the Project as defined and described in Appendix A of this Agreement.

  • Subdivisions and Combinations In the event that the outstanding shares of common stock are subdivided (by stock split, by payment of a stock dividend or otherwise) into a greater number of shares of such securities, the number of Shares issuable upon exercise of the rights under this Warrant immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately increased, and the Exercise Price shall be proportionately decreased, and in the event that the outstanding shares of common stock are combined (by reclassification or otherwise) into a lesser number of shares of such securities, the number of Shares issuable upon exercise of the rights under this Warrant immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately decreased, and the Exercise Price shall be proportionately increased.