14 Acre Parcel definition
14 Acre Parcel means that certain unimproved parcel of land which encompasses approximately 14 acres, is contiguous to the Real Property Collateral and which Borrower is attempting to sell to a developer, as more particularly described on Schedule 1 hereto, which is incorporated herein by this reference.
Examples of 14 Acre Parcel in a sentence
Merge into or consolidate with any other entity; make any substantial change in the nature of Borrower’s business as conducted as of the date hereof; acquire all or substantially all of the assets of any other entity; nor sell, lease, transfer or otherwise dispose of all or a substantial or material portion of Borrower’s assets except in the ordinary course of its business; provided that, notwithstanding the foregoing, Borrower may sell the 14 Acre Parcel as described in Section 5.12 hereof.