Transfer of view easement to the Town Sample Clauses

Transfer of view easement to the Town. Upon the Town’s satisfaction of the requirements set forth below, including a metes and bounds survey and engineering study, the Golf Club shall execute an escrow agreement (ADDENDUM) which will transfer to the Town by quitclaim deed with covenant for One Dollar ($1.00), a view easement between land of the Abutters and the ocean. It is intended that the easement area will be a triangular shape beginning at the southeasterly corner of the Abutters property and extending at a forty-five (45) degree angle from the northeasterly sideline of the Abutters property northerly to the shore. The actual metes and bounds of the easement being transferred and the transfer itself shall be in the form attached as EXHIBIT 1.1.1, which is made a part of this Agreement by reference. The Golf Club shall be prohibited against building a structure within the easement. Upon completion of the Parking Lot, the Town shall grant this easement to the Abutters. The easement will automatically terminate in the event that the Town takes any action that significantly and adversely affects the operation of the golf course in substantially its current form. However, the granting of any such easement is not a requirement of the Golf Club, but, rather, for purposes of this Agreement, is entirely within the Town's sole and absolute discretion.
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