As set forth above, the only approvals, from a Governmental Entity or otherwise, which are conditions to REIT OP's obligation to consummate the Transaction are (a) the Site Survey Approval, and (b) the Building Code Variance.
Building Code means the regulations made under Section 34 of the Act.
Building Code Act means the Building Code Act, 1992, S.O. 1992, c.23, as amended;
State building code means the combined specialty codes.
Building means any structure used or intended for supporting or sheltering any use or occupancy.
Zoning means the purpose for which land may lawfully be used or on which buildings may be erected or used, or both, as contained in an applicable town planning scheme and "zoned " has a corresponding meaning. Where a property carries multiple zoning rights, the categorisation of such property will be by apportioning the market value of the property, in a manner as may be prescribed, to the different purposes for which the property is used; an applying the rates applicable to the categories determined by the Municipality for properties used for those purposes to the different market value apportionments.