Subdivision Standards. Except as set forth on Xxxxxxx Disclosure Schedule Section 5.8(d), to the knowledge of the Xxxxxxx Entities, the developed Xxxxxxx Owned Real Property and all lots included therein conform in all material respects to the appropriate Governmental Authority's subdivision standards, subdivision maps and any conditions or approval or recordation thereof and there is no material impediment to subdivision approval or issuance and recordation of subdivision maps for the undeveloped Xxxxxxx Owned Real Property, such approval to allow development of the undeveloped Xxxxxxx Owned Real Property for construction and sale of single-family homes, townhomes and/or condominiums at the density and materially in the manner currently anticipated by any of the Xxxxxxx Entities.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Schuler Homes Inc), Agreement and Plan of Reorganization (Schuler James K), Agreement and Plan of Reorganization (Apollo Real Estate Investment Fund L P/Ny)
